[ilgipper]

seriuously, is that only $19 million, to buy that? That seems like a steal (not that I am in a position to do it). It just seems like it would be much more expensive.

[monday]

"seriuously, is that only $19 million, to buy that? That seems like a steal "

It's probably two million a year in taxes and maintenance, conservatively. He has thirty five people, school, etc. to support. The only way to make it pay would be to build an ultra exclusive resort on it and hire top end management.

I would guess that at minimum he will have to spend 30-50 million more on it to put it in the black. Construction on such a remote island is going to be mega expensive, as is anything else that has to be imported, which is everything.

The sales price is relatively inexpensive because only the super super rich can afford the maintenance, and there are not that many who are super rich. It is a huge project.