The Luxury Manmade Island Concept Where Homes Cost Up To $1 Billion

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Packing up and moving to an exotic island has been a long-held dream for many globetrotters, but it seems the prospect is becoming even more attractive due to the global pandemic.
A number of island brokers reported a huge spike in demand for private islands in the months after Covid-19 brought much of the world to a standstill, with one telling the New York Times he’d had his busiest two months in over 20 years.
And judging from the response to this upcoming floating luxury real estate development launching close to the Bahamas in 2025, interest in relocating to a safe haven in the middle of the sea is still high.
The Blue Estate Group has been inundated with requests after unveiling plans for the man-made Blue Estate Island, where property prices start at $19,800 and rise to over $1 billion.
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Located a 25-minute plane journey from Bahamas capital Nassau and just under 90 minutes from Miami, the island will measure 4,921 feet by 3,280 feet (1,500 meters by 1,000 meters), an area half the size of Monaco, and can accommodate up to 15,000 permanent residents.
Those who snap up a place at the “world’s most exclusive private residence” will be treated to more than 340 days of sunshine each year thanks to the island’s prime location, according to the developers.
“At first we were worried whether the current pandemic might have a negative impact on the project,” Erik Schmidt, Chief Communications Officer for the Blue Estate Group, tells CNN Travel.
“But luckily it played out differently. Some districts are almost completely sold out and the sales team is doing it’s best to keep up with the requests and questions.”
The properties on offer range from $19,800 interior apartments measuring 20 square meters, $194,400 balcony apartments, a $54 million five-bedroom garden villa and two “signature estate” mega mansions, each with an estimated $1.15 billion price tag.
Those wealthy enough to afford the latter will need to present a “groundbreaking architectural concept” before they can be approved to purchase the mansion, and Schmidt confirms that one application has already been submitted.
The island, which is built with “ultra-high performance concrete modules,” will have its own state-of-the-art health clinic, as well as an international school that can cater to children from “toddlers age to diploma graduates.”

 

-CNN

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