How would one go about buying a private island?

Question

First off, this is just a dream, it probably won't happen, though if I could save up over my life and buy one, that'd be great.

Now, I know sites and such where you can buy private islands, and there are a few off the coast of Florida (the only place I'd consider getting one) for $85k to $1 mil and higher, but that'd probably be the most I could ever do. That doesn't seem too bad, but how much would things like hurricane insurance cost on one? How would you get electricity and water and stuff there, and how much would all that cost? I imagine phone/internet/tv wouldn't be so hard with satellites.

Answer 1

.   Find back issues of Worth Magazine at the library.  Or the Robb Report.  They are for wealthy people and have lots of articles on this.  You buy the island from the private owner just like you would buy a car. Pay the money and get a deed.  Takes 5 days.   If you buy an island without electricity, you buy a generator.  Buy a desalinator for water.  Buy a boat.

Answer 2

You have to generate your own power, water (a well might work) and get a huge septic tank for waste.

You would not be able to insure the property.  Not all property is insurable, and property that you know will be under water and need to be rebuilt every couple of years falls under this catagory.   Most people with islands have enough money that they do not care.