First Portable Private Islands to Hit the Market

Christie's International Real Estate wants to build the world's first portable, eco-friendly private islands, the company announced this week. The initiative allows buyers to order customized, self-sufficient islands they can dock anywhere in the world -- Miami, Dubai, New York, you name it. Christie's says buyers have total control over the size, shape and style of their floating habitat, all of which are completely self-sustainable. Called Amillarah Private Islands, thedevelopment is designed by Dutch hydro architect Koen Olthuis, Christie's says, and will be marketed to affluent islanders looking for a second home. And unlike many second-home purchases, the islands are not designed for yield, the site says, but prestige. It's the "ultimate trophy asset," the site says, with rumored price tags starting at $12.5M, "but financial return is not the primary motivation." A bunch of luxury islands scattered around the oceans could cause an environmental nightmare, but Koen says the island homes carry state-of-the-art green technology -- including artificial reefs that last up to a century -- and keep environmental impact at a minimum.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

Blue Owl Reportedly Planning Data Center REIT

HUD Wants To Make It Easier To Bring Private Capital Into Public Housing

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Retailers Charging Ahead With EV Stations Despite Policy Pullback

U.S. Office Sales Show 31% Year-Over-Year Growth

Data Center Demand Doubles, Fueling New AI Boomtowns

Hall Of Fame Running Back Emmitt Smith Sued Over Failed Texas Solar Project

Becknell Taps JLL IPT Veteran To Boost REIT's Selling Group

American Healthcare REIT On A $1.5B Senior Housing Buying Spree