Blue Island Estate: The Floating Luxury Community Where Homes Cost Up to $1 Billion
Who wouldn’t want to live on their own private island"
Lately, more and more people are trying to make that dream a reality, perhaps even more so because of the COVID-19 global pandemic. According to a report from CNN, several island brokers have reported large upticks in demand for purchasing property on private, floating real estate gems.
One such broker is the Blue Estate Group, who has unveiled their plans for a luxury real estate development just a short plane ride away from Nassau, Bahamas. Hoping to launch as soon as 2025, The manmade Blue Island Estate will accommodate around 15,000 residents. With property prices starting from about $19,800 for a 20 square meter apartment, to “signature estate” mega-mansions estimated at over $1 billion, these properties are certainly exclusive.
Erik Schmidt, Chief Communications Officer for the Blue Estate Group, says that “there are no special requirements to become a resident on the Blue Estate.” Residents and visitors simply have to comply with the community’s guidelines and rules while being able to “self-maintain” life on the floating paradise. Residents will also be able to purchase business licenses if they wish, with the strong incentive of not being subject to the usual tax laws.
With the pandemic creating more remote work opportunities in the past year and a half than ever before, Schmidt believes that Blue Island Estate will offer the best of both worlds: “T...
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dornob
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