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Island paradise for sale – some assembly required

Island for saleHaven’t you ever wanted to move to a tropical island paradise – well if you have a few million dollars there is one in Fiji for sale. The 1 mile long island is for sale, complete with a resort (some assembly required.) I have seen various prices for the island ranging from 20-25 million, but with the recent real estate slump you could probably get it for less.

Fiji Island

Offered is the timeless ownership of one of the finest islands in the world and one of the last freehold islands in the South Pacific paradise of Fiji.

Fiji Island

The 225 acre island is 1 mile long by 1/3 mile wide with 150 foot elevations, surrounded by a 5,000 acre lagoon which completely encircles the island, offering protection from extreme tides and providing the island with calm tranquil waters ideally suited for water sports.

Fiji Island

The crystal clear water has 200-foot visibility and is a comfortable 80 degrees Fahrenheit most of the year.

Fiji Island

The island was a safe haven from storms for Polynesian sailors over the centuries; the entrance to the lagoon is 35 feet deep and about 200 feet wide, recently allowing yachts over 200 feet the serene protection of the lagoon. The island still provides a safe and luxurious haven from the storms of everyday life and is the only resort in the largely uninhabited and pristine archipelago, offering privileged visitors an image of Polynesian life as it was hundreds of years ago.

Fiji IslandThe island has spectacular sugar-white beaches on the east and western sides of the island, with the villa development on the western side to take advantage of the magnificent South Pacific sunsets. The island was an operating coconut plantation in the 19th century leaving the entire island is scattered with swaying coconut palms creating the ultimate tropical ambiance.

The island’s limestone has created numerous caves and tide pools, perfect for exploring.

The island is home to rare coconut crabs, giant clams, leather back turtles, doves, and many other extraordinary birds and marine mammals. A strict conservation program has been instituted to ensure the preservation of all marine and wild life. Guests will marvel at the pristine ecosystem while indulging in all the amenities of a luxurious five star resort and spa.

THE RESORT

The island is home to a world class resort development (80% complete), with an estimated completion of 6 to 9 months.

Fiji Island

The main complex, comprising the lobby, lounge, dining pavilion, meeting facilities and full service spa, soars 100 feet above the turquoise lagoon, offering sublime vistas and spectacular sunsets. The lavish private villas are scattered along the crystal clear water’s edge on a magnificent white sand beach. Spa tubs built for two complete each of the 21 guest Bures (Villas), which will feature mosquito-netted four-poster beds and sumptuous furnishings.

Fiji Island

The present owners of the island write…

“When we found the island in 1994, the weather was less than ideal, there was NO infrastructure or conveniences, but the property was incredible, even at its worst! We decided to purchase the island while sitting on the beach in the rain. Sounds romantic but after looking at dozens of properties all over the world, we knew that Blue Lagoon Island was very special.

After purchasing the island we retained an architect who worked on many prestigious properties, including Euro Disney and Disney World in Florida – a landscape architect who was involved in the design of Jack Nicholas courses and resort properties for Don Kohl, a Southern California property developer.

The entire island was incorporated into the resort design including the very spacious individual villas on the beach, the main complex soaring 100′ above the lagoon, the full service spa facility, dining pavilion (including a show kitchen and “European” wine cellar like no other in the region), golf course, roads, jetty and marina, dive center and many other facilities. Future plans include a pearl farm and luxury yacht component to the resort development.”

ACCOMMODATION

Each of the 20 private air conditioned beachfront Bures is uniquely designed and when finished will be sumptuously furnished with native woods, soft embracing fabrics, and four-poster king size beds enveloped in sheer soaring canopies. The luxuriously appointed marble bathrooms with thermal spa tub (built for two), his and her vanities, and indoor/outdoor showers, will exceed your expectations of luxury and comfort. Each will have a private lanai with fresh water splash pool – the perfect place to enjoy a magnificent Blue Lagoon sunset while sipping a chilled glass of champagne. And, for those who can’t quite leave everything behind, each villa is also equipped with discretely placed communication equipment, allowing Internet access.

Fiji Island

ACTIVITIES

Whether your interests lean toward land pursuits such as golf, cycling, spelunking (the island boasts nine spectacular caves), tennis, or to the cool, crystal blue waters for snorkeling, kayaking, windsurfing, internationally acclaimed sport fishing, or world renowned scuba diving, an intoxicating blend of sights, activities and unforgettable memories await you. The caves are truly amazing with large caverns and corridors of stalagmites and stalactites. The deepest explored part of the cave is 400 feet below the surface. “Take a lot of rope!” For the less adventurous, stray no further than the hammock in front of your own spacious villa while gazing at the dazzling turquoise blue lagoon – possibly spying a playful dolphin or a sea turtle. Day trips will also be possible to a secluded neighboring island for a special couple’s getaway.

Fiji Island

FIJI

Fiji is an archipelago comprising some 332 separate islands in the south-eastern region of the Pacific Ocean. The group is arranged like a horseshoe around the Koro Sea, lying south of the equator. The tropical location is world renowned as a holiday destination due to the warm climate, natural beauty and friendly people. Fiji, with its many scenic islands, is one of the most distinctive and beautiful areas in the world. Fiji is blessed with a mild climate, abundant sea life, tropical waters and excellent sailing conditions. The blue sky and crystal clear waters of Fiji are warmed year-round by a gentle sun. Add to this the numerous fascinating tours, modern facilities and locals known for their humor and hospitality and it is easy to see why Fiji is such a popular tourist destination.

ACCESS

Currently there is an existing 3400 foot runway on the island. The airstrip could be extended to 4,000 feet, but that would require cutting through a limestone hill on the North end or filling in the lagoon on the South end of the island. The cost to extend the runway could be projected if requested.

UITABILITY

The new owner could finish the construction as planned and open the resort in 6 to 9 months, generating almost immediate return on their investment. There is also the option of selling the beach front luxury villas to private investors with (or without) freehold titles; and further, subdividing the undeveloped areas of the island (the resort occupies less than half the island), with the intent that custom residences be built on the sites.

This has been done in other countries as well as Fiji with great success providing significant income streams from renting the homes and providing management services to the owners.

A premier property that stands out as one of the crown jewels of Fiji real estate, Blue Lagoon Island is perfect for a variety of uses, and once developed would make a truly magnificent and impressive 5 star private island retreat. The potential of this unique and stunning island is immense.

OWNERSHIP

Ownership is unencumbered Freehold land, extremely rare in Fiji as only 7% of land in the country is freehold. Unlike Mago Island, purchased by Mel Gibson, Blue Lagoon was never permanently inhabited, thus when it was declared freehold in the 1860’s no native population were displaced.

“… is also a small isle inhabited only during the turtle season. It’s reef is much more extensive (than Mago), being four and a half miles from east to west… There are huts on it’s northeast point, an abundance of sugar cane, fruit and vegetable may be procured.”

United States Exploring Expedition, during the years 1838-1842

VALUATION

If every single island in Fiji were counted, the isles of the Fiji archipelago would number in the thousands. The official list of islands numbers 323. However, a mere 322 are judged large enough for human habitation and of these, only 106 are inhabited. That leaves 216 uninhabited islands, most of which are prohibitively isolated or lack fresh water.

There are a total of 43 freehold islands in the entire country, and only a handful of titled islands left for sale, none as beautifully suited as Blue Lagoon for an exclusive resort and private residences. It is this limited availability of private islands in Fiji that has caused the dramatic escalation in prices the last few years.

Scarcity of private islands coupled with the growing popularity of Fiji as a tourist attraction, increasingly favored by Americans and Europeans, has further increased demand for the ultimate seclusion that a “private” island ensures.

The island property was appraised at US$10 million in 1999, prior to any development. Recently two accredited valuation companies concurred that the current value is estimated at $25 million Euros. Once the resort is open the value would be approximately $40 million Euros.

LOCATION

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GALLERY

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Posted By: Jerome Aronson

News Category: Uncategorized

 

5 Responses to “Island paradise for sale – some assembly required”

  1. What a great post. You chose some very beautiful images to put up. I actually live on a private island so I understand the work that goes into making them habitable, but it is completely worth it in the end. The islands you featured are very expensive and its important to remember that there are tons of affordable islands out there too. So if you think you may like to live on a private island some day it is very possible that it could happen. even if you aren’t rich.

    Mark
    http://www.privateislandsblog.com

    Mark on 10 Aug 2007 at 7:19 pm
  2. Mark, how did you come to live on a private island (if you don’t mind me asking)? I like the web link, I wish that I could move to Lesbo Island and be allowed to be a peeping-tom.

    Michael on 10 Aug 2007 at 11:31 pm
  3. Real Estate Costa Rica.
    To find a property in Paradise visit http://www.firstrealtycr.com a name you can trust in Costa Rica Real Estate

    Real Estate on 21 Aug 2007 at 6:35 pm
  4. Here is the correct listing for the island…

    Blue Lagoon Island Resort
    Location: Fiji
    Area: 225 acres
    Description: Most beautiful island in Fiji, 80% complete resort, with 3400 foot runway
    Listing: http://www.luxuryrealestate.com/74726
    Price: €25 million

    Mr. C. Morrison on 31 Oct 2007 at 8:58 pm
  5. What do you think the price of the island would be now in Oct 2008?

    Ted Munda on 05 Oct 2008 at 11:01 am
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