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    Touchdown! Las Vegas Landlords Scored Big During the Super Bowl 

    Super Bowl LVII was the most-watched of all time, with an average of 123.4 million viewers tuning in to watch the Kansas City Chiefs face off against the Philadelphia Eagles at Allegiant Stadium in Las Vegas. Of course, it didn’t hurt that pop superstar Taylor Swift was in town and in attendance. For those who got to catch the big game in person, it was one of the priciest ever, with an average ticket price of $8,600 and a tray of nachos that rang up to $60. Following suit, just about every short-term rental in the Las Vegas area saw bookings and rates skyrocket.

    For instance, Bryan Ercolano, CEO and founder of TurnKey Pads, a high-end vacation rental service, told The Wall Street Journal that, with the increase in demand for a place to stay, rates for the company’s units clocked in at around $30,000 a night. Typically, nightly rates for the same type of TurnKey units—usually four- to six-bedroom properties surrounding the Strip—would cost anywhere from $2,000 to $20,000 per night. 

    At the start of this year, there were more than 6,600 single-family residences in the Las Vegas area that could be rented for as much as $427 per night, according to new data from AirDNA. The analytics firm also found that the Las Vegas area had over 6,300 entire apartment and condo units available in that same period, with average daily rates of $284 per night. During the Super Bowl, average rental costs jumped to $365, a 19 percent price increase compared to the weekend prior. However, out-of-towners weren’t saving much. Hotel prices, by comparison, were roughly $380, according to travel platform Hopper.

    Super Bowl LVII generated almost $6 million in additional revenue for the short-term rental market in Las Vegas.

    Jeff Speer/Icon Sportswire via Getty Images

    As a whole, the Super Bowl generated a $5.73 million boost in revenue for the short-term rental market, the WSJ reported. Hosts raked in $4.82 million from additional nights being booked and a hefty $908,780 from being able to charge higher rates due to demand. “The Super Bowl’s revenue is a smash success,” AirDNA economist Bram Gallagher told the newspaper.  

    Swift, who was in attendance and cheering on her tight-end boyfriend Travis Kelce, had a similar impact on the local economy when she touched down in Sin City for the Eras Tour back in March. The two-night concert brought in $1.6 million in short-term rental revenue for Las Vegas, while rates for March 24th and 25th increased to $316, a 10 percent uptick from the weekend before. “She has a very large-measure short-term rental effect wherever she goes,” Gallagher added. 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    A Private Island Off the Florida Keys Returns to Market for $75 Million

    Tired of renting vacation homes with obnoxious and nosy neighbors? Prefer your tropical getaways to be hideaways that are far from the maddening crowd? Why settle for a rental at all when you could have your own private island sanctuary instead? 

    Pumpkin Key, a lush 26-acre isle off the Florida Keys, is looking for its next owner—and at a reduced rate. The picturesque spread has reemerged on the market for $75 million, a $20 million price chop from back in 2020 when it was listed for $95 million. Located in Key Largo’s serene Card Sound Bay, the tropical compound includes automatic membership to the Ocean Reef Club, an exclusive private club community that’s less than five minutes by boat. The island is also a quick 10 minutes from South Beach via helicopter. 

    Pumpkin Key, a 26-acre private island off the coast of Florida, includes a pristine private beach.

    Become Legendary

    Whether as a private retreat, legacy investment, or a sanctuary for generations, this property stands as a beacon of distinction and exclusivity,” notes the listing, which is held by Compass agent Liz Hogan. According to Mansion Global, Pumpkin Key was originally purchased in 1970 by a family of industrialists hailing from Chicago. At the time, the island was undeveloped and uninhabitable. Today, nearly 75 years later, the island is a serene retreat that is totally self-sufficient when it comes to water and electricity. 

    So, what does $75 million get you? Aside from the massive amounts of privacy and tropical tranquility, the buyer of Pumpkin Key will get a three-bedroom residence, a pool house, three guest apartments, and a pristine stretch of beach. There are two side-by-side tennis courts (one also has pickleball court lines) that double as a helipad. There’s also a large swimming pool and a 20-slip marina that offers plenty of room to park your megayacht along with a whole bunch of your friends’ boats. Paved golf cart paths link the island’s various locales.

    For those who prefer their vacation retreat to not be so isolated, the island has 12 one-acre vacant lots for development. The homesites could be sold off to friends (or strangers) or built out and added to the existing structures to create a super-sized island compound. 

    The property also has two side-by-side tennis courts that can serve as a helipad.

    Become Legendary

    The buyer of Pumpkin Key will also take possession of a waterfront home on Key Largo, within the 2,500-acre, guard-gated Ocean Reef Club. The resort community, which is accessible by car, comprises 1,700 mostly waterfront homes, and residents have access to all of the club’s many swanky luxuries. Think pristine championship golf courses, a 175-slip world-class marina, a slew of fine dining restaurants, and a state-of-the-art spa and fitness center. Ocean Reef even sports its own private airstrip if you plan on flying in on your PJ.

    Click here to see all the photos of Pumpkin Key. 

    Become Legendary

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    Luxury Homebuyers Are Moving to This Affluent Arizona Suburb in Droves. Here’s Why.

    Can’t handle the cold, but love the heat? This affluent Arizona suburb, where winters are dry and temperate and summertime temps average over 100 degrees, has become one of the hottest housing markets in the U.S. Sun Belt. 

    Paradise Valley, the Grand Canyon State’s wealthiest ZIP code, has blown up in recent years with deep-pocketed newcomers relocating from out of state to the exclusive desert and mountain enclave. At the end of 2023, the median sale price in the scenic community clocked in at $2.8 million, a whopping 14-plus percent increase from the year prior, according to Realtor.com. “This is a newer area, so it’s not like you have a lot of 1800s and 1900s homes,” Robert Joffe, founder and associate broker of the Joffe Group, told Mansion Global. “There’s a huge allure to this area in Arizona. People are flocking in from all over the country to buy homes here.”  

    The town of not quite 13,000 residents, which sits in between Phoenix and Scottsdale, has specifically attracted a crop of West Coast transplants, mainly from Los Angeles, San Francisco, and Seattle. Long favored by politicians like Barry Goldwater and Dan Quayle, Paradise Valley also counts Stevie Nicks, Muhammad Ali, Michael Phelps, and Campbell Soup heir Bennett Dorrance among its most notable past and present residents. 

    The unbuilt Palo Cristi Estate is listed for $75 million, the most expensive home for sale in Paradise Valley.

    Hersh24K Luxury Properties; Realty One Group

    Other than year-round warm weather (some might call it darn-right hot!), favorable taxes, upscale shopping, and thriving golf and restaurant scenes, other factors that make Paradise Valley particularly attractive to deep-pocketed snowbirds and full-time residents alike include its slew of luxury residential properties.

    Currently, the most expensive home in Arizona is a 2.3-acre compound in Paradise Valley’s southwestern corner. Priced at a whopping $75 million, the abode—dubbed Palo Cristi Estate—is slated for completion in 2027. When all is said and done, the vast residence will comprise 33,000 square feet. The eight-bedroom home’s laundry list of luxuries will include an art gallery, a bowling alley, a shooting range, a recording studio, and a movie theater. Plus, the grounds will feature two swimming pools, a lazy river, and two garages that can store up to 14 vehicles. 

    Serenity Heights, which will be completed in 2027, is on the market for $29 million.

    Ivan Shongov

    Many of the estates in Paradise Valley span one acre or more, and many sport stunning mountain view. In the exclusive, guard-gated Clearwater Hills enclave, homes can range from 8,000 to 18,000 square feet and cost anywhere from $20 million to $30 million. One of the enclave’s not-yet-built homes, listed for $29 million, is Serenity Heights. The not-yet-built mansion, to be completed in 2027, will sit on 11 acres atop the area’s highest view lot. In addition to a 16,000-square-foot, boomerang-shaped main house, the hillside spread will be decked out with a glass-bottom pool that cantilevers over the desert, plus a 10-person hot tub, a 3,000-bottle wine cellar, and a fitness center. 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    A Google Co-Founder Splashed Out $32 Million on a Private Island in Puerto Rico

    Tech billionaire Larry Page might be trying to buy up all of the world’s private islands—or at least a good chunk of them.

    The co-founder of Google has been revealed as the buyer of the 300-acre Cayo Norte in Puerto Rico, Business Insider first reported. According to documents, Page used an LLC, U.S. Virgin Island Properties, to quietly snag the palatial property back in 2018. At the time, he paid a whopping $32 million for the spread, which is considered the largest privately owned isle in all of Puerto Rico. The off-market deal included a larger parcel for $28.7 million and a smaller piece of land for $3.4 million. 

    Per the publication, the ex-CEO has now racked up five private islands that are spread out across the Caribbean and South Pacific. Most notably, he reportedly owns Tavarua Island in Fiji and Eustatia Island in the British Virgin Islands—not far from Richard Branson’s Necker Island. In 2014, Page also dropped $23 million to acquire Hans Lollik and Little Hand Lollik in the U.S. Virgin Islands. 

    As for his most recent purchase, Cayo Norte—formerly known as West Key or North East Key—is located roughly 20 nautical miles east of Puerto Rico and is positioned off the coast of Culebra. The tropical retreat has stunning white sand beaches and the area surrounding it is teeming with coral reefs and wildlife including endangered sea turtles. Before Page, Cayo Norte was owned by local developer Dan Shelley starting in 2006. Prior to that, it belonged to the Padrón family, the outlet reported.

    Google co-founder Larry Page paid $32 million for a private island off the coast of Culebra in Puerto Rico.

    Ricky Carioti/The Washington Post via Getty Images

    In the six years since Page snapped up Cayo Norte, he hasn’t submitted any applications for development, Richard Gautier, director of Culebra’s office for territorial planning, told Business Insider. According to locals, there has, however, been activity near the island. More specifically, people have been spotted using electric-powered surfboards, also known as hydrofoils, nearby, which has quickly become the water sport of choice among tech giants like Page, Mark Zuckerberg, and Larry Ellison. 

    “Our hope is that this guy doesn’t want this as an investment property that will be developed and ruined,” Mary Ann Lucking, the director of a nonprofit coral reef conservation organization called CORALations, told BI. “If it can be protected with that north coast of [the nearby island] Culebra, that would be ideal.” 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    You Can Rent Midcentury Architect Philip Johnson’s Wolfhouse on Airbnb

    A lot goes into owning and maintaining a historic residence created by a world-famous architect like Philip Johnson. Luckily, for those not up for the full-time task, you can rent the late visionary’s Wolfhouse in Newburgh, New York, instead.

    The Hudson Valley property was completed in 1949, the same year Johnson finished his famous Glass House in New Canaan, Connecticut. In the decades since the midcentury countryside retreat has been thoughtfully preserved and recently underwent a three-year renovation to restore the abode to its original glory.

    Named after Ruth and Benjamin Wolf, who commissioned the project, the hilltop abode can sleep up to six guests and comprises four bedrooms and three bathrooms. According to Designboom, the house was purchased in 2020 by former Guggenheim graphic designer Jiminie Ha and artist Jeremy Parker. The pair updated the residence using materials and original floor plans that they found in the Columbia University architecture library.

    The Hudson Valley property was completed in 1949.

    Jeremy Parker

    “We recognize the harmful effects of planned obsolescence. It’s our responsibility as designers to lead with smart sustainability at the forefront of our practice, not creating more waste, but working with what we already have,” Ha told the publication. They also teamed up with USM Modular Furniture to revamp the kitchen, which is now clad with steel, and sourced vintage design elements, including sinks, trims, and tubs, to match Johnson’s aesthetic, which includes an open floor plan with tons of glass walls framing views of the Hudson River. 

    Throughout the residence restored and updated residence are iconic mid-century furnishings.

    Chris Daniele/@dirtandglass

    “We had originally thought about using a stone overlay for the countertops and worked with artist Shawn Maximo to visualize a more modern version of this kitchen,” Parker explained to Architectural Digest. “Once we saw the USM setup in place, we decided that it spoke for itself and that we really didn’t need to add more details to the counter.”

    The home sits on a grassy slope overlooking the Hudson River.

    Chris Daniele/@dirtandglass

    Wolfhouse is priced on Airbnb at a cool $1,110 per night with a two-night minimum stay. In addition to serving as a vacation rental, Ha and Parker have turned Wolfhouse into an art hub and a community-focused incubator for a variety of design and architecture programs. Some of the past events held here include artist exhibitions and lectures for creatives. “It was important for us, as LGBTQ and BIPOC community members, to acknowledge Newburgh’s history and find a path forward in engaging the home more proactively as a center for education and programming,” the owners told Time Out.

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    Is This Wooded Enclave the Best-Kept Secret in the Hamptons?

    Tucked away from the opulent seafood towers at Le Bilboquet in Sag Harbor, The Surf Lodge’s famously raucous summer soirees in Montauk, and the designer boutiques in downtown East Hampton is a quiet, under-the-radar enclave in the Amagansett North area that is known to those in the know as Devon Colony. Among its laid-back charms are its tiny, no-frills downtown area and its 116-year-old yacht club, its swathes of preserved agricultural land, its authentic fish markets, and historic residences.

    Devon Colony, between East Hampton and Amagansett, was founded in 1908 by four wealthy businessmen from Cincinnati: William Cooper Procter (of Procter & Gamble), Richmond Levering (of Lever Brothers), Joseph Rawn, and William Rowe. The men first came across the area during a hunting trip—back then, hunting was common on the East End of Long Island—and they eventually acquired 1,000 acres in the Amagansett Highlands, where they built a cluster of homes they used as their summer residences. 

    The enclave was one of the first gated communities in the Hamptons, but because Procter & Gamble’s soap sales helped pay for the homes within Devon Colony, it initially garnered a contemptuous reputation among some of the more high-brow Hamptonites as “Soap Hill.” The foursome also founded the still-standing Devon Yacht Club, which includes a small private marina.

    Historic photos of the Procter and Levering homes during construction in 1909.

    Courtesy of the East Hampton Library, Long Island Collection

    Mickey, Marilyn, McCartney

    “Devon Colony is tucked between Napeague Bay and the Atlantic Ocean; it’s much less crowded than the lanes or dunes of Amagansett,” says Martha Gundersen, a listing agent with Douglas Elliman in the Hamptons. “What people love about it are big plots of land surrounded by the Peconic Land Trust, which is state-owned land. There are 500 acres of New York State land that will remain undeveloped that surround Cranberry Hole Road, which is where many of the homes are. Many successful people seeking an under-the-radar destination own here, including [Galaxy CEO] Michael Novogratz, businessman Mickey Drexler, and entrepreneur Fouad Chartouni, among others.”

    Those “others” include Paul McCartney, Alec Baldwin, Randy Lerner, and, on occasion, high-profile renters like Bill and Hillary Clinton; in the 1950s, Marilyn Monroe and Arthur Miller shacked up for a short time a charming cottage converted from a windmill. Still, despite its history of illustrious residents, Devon Colony has largely remained an unheralded hideaway, with neither a Chanel boutique nor a Sant Ambroeus cafe within miles. 

    More Elbow Room, More Privacy

    “For as long Devon Colony has existed, people have taken the environment into consideration,” Gunderson says. “People come out here to enjoy the bird life and slow-paced living. A certain caliber of people don’t just want a house, they want land, privacy, and to be a part of the community. You’ll see Paul McCartney on his boat driving past, you’ll see Randy Lerner downtown.”

    The completed Procter home, seen here in 1910.

    Courtesy of the East Hampton Library, Long Island Collection

    Gunderson goes on to say that once people get a feel for the landscape of the Hamptons and discover Devon Colony, it appeals because “there’s more elbow room and a more laid-back, less-crowded atmosphere,” she explains. Situated within the elevated Amagansett Highlands, Devon Colony has far-reaching views of Gardiners Bay, the ocean, and the surrounding land. Situated within thickets of forest, horse farms, and farmland, the lack of development is thanks to the large amount of preserved land. 

    Over the years, Devon Colony has also become known to design– and architecture-loving locals for its historic homes and picturesque gardens. Indeed, homes in Devon Colony are regularly included on the East Hampton House and Garden Tour that’s put on annually by the East Hampton Historical Society. 

    Yesterday’s Traditions, Today

    When the men from Cincinnati built their homes for their families, they crafted four grand stucco mansions and one shingle-style home, which were originally known as ‘the cottages.’ The families tapped Cincinnati-based architectural firm Tietig and Lee to create the Italianate villa-style homes with English-style perennial gardens. This stucco-over-concrete style was unusual for the Hamptons at the time. Not just that, but these homes rivaled the size of other famed mansions in Long Island’s blue-blooded Gold Coast, particularly those in Oyster Bay and Cold Spring Harbor.

    All five of the original homes are still standing, though they’ve had extensive renovations and alterations. Many of the homes have remained in the same families since they were built. The Levering house was last sold in 2018 for $8.75 million to its current owner.

    The original Levering house has undergone several renovations and last sold to its current owner in 2018 for $8.75 million.

    Brown Harris Stevens

    At the heart of the community is the Devon Yacht Club, which has remained largely unchanged since its founding in 1908, and that’s just the way members like it. Situated along Gardiner’s Bay, the club has long been popular as a family-friendly club that hosts kids’ sailing and tennis lessons. It’s also one of the few private members’ clubs that still holds old-school traditions true; a dress code is enforced throughout, from the beach to the dining room and the tennis courts. “They still shoot off a cannon at sundown,” says Paul Brennan, a listing agent with Douglas Elliman, who lives and works in the area.

    Putting Down Roots

    At a time when the Hamptons real estate prices are skyrocketing—and bidding wars have reached an all-time high—agents are seeing increased interest from buyers seeking close proximity to their favorite Hamptons hotspots and the beach, yet with more land, lower taxes, and additional privacy. 

    Among the current offerings is a brand-new, $5 million modern farmhouse-style estate that sits on three quarters of an acre directly across from a 30-acre preserve and an eight-bedroom residence on two acres that’s just five minutes from the beach and priced at $11.7 million. And just south of Montauk Highway, another new build, a 12,400-square-foot spread that borders the golf course of South Fork Country Club and isn’t too far from the popular Amber Waves Farm, Market, and Cafe, is on the market for $14.75 million.

    A brand-new residence on Timber Trail is listed for $11.7 million.

    Liz Glasgow Studios/Douglas Elliman

    “The thing that attracts me the most—and I think the thing that attracts people like the Randy Lerners and Mickey Drexlers of the world, is that they can step onto the public bay beaches and swim, kayak, and paddleboard without anyone bothering them,” Gunderson says. “It offers clean air and a quiet life.” 

    A world apart in many ways, Devon Colony is also convenient to the farm stands in Amagansett, downtown East Hampton and popular hot spots like the Stephen Talkhouse music venue. For many modern buyers, the solitude of the forested land and the working farms might not appeal. But once you get accustomed to the open spaces and slower pace of living, it’s pretty hard to leave.  More

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    Second Homes Will Continue to Draw Luxury Buyers Around the World in 2024

    When the pandemic drove up housing prices and mortgage rates, many wealthy Americans jumped on the opportunity to acquire investment properties in less pricey foreign countries and, in some cases, to pack up and move overseas. While we’re only a few weeks into the new year, it appears that the uptick in affluent U.S. citizens heading abroad is continuing full steam ahead.

    According to the 2024 Trend Report, published by the Coldwell Banker Global Luxury program, nearly 40 percent of the survey participants intend on purchasing a home in a foreign country within the next year, and two-thirds said they plan on buying property abroad within the next five years.

    “If lower mortgage rate trends combined with the new inventory momentum continue, luxury homebuyers could be inspired to move forward with their next home purchase,” Michael Altneu, vice president of Coldwell Banker Global Luxury, said in the report. Altneu added that shoppers are prioritizing “new amenities” and are open to exploring “overseas options for their next property.”

    The report also found that location ranks as the top consideration among 45 percent of discerning consumers. About 29 percent of high-net-worth consumers are looking to move to Europe, while 28 percent are eyeing destinations in North America outside of the U.S., and 23 percent are considering the Caribbean.

    High-net-worth home buyers are looking to relocate to Europe and the Caribbean, according to a new report.

    Pexels

    On the flip side, the U.S. will continue to be a place of interest for deep-pocketed international buyers in 2024. Per the Coldwell Banker Trend Report, there was a 25 percent increase in the number of well-heeled foreign buyers purchasing real estate in the top 5 percent of the market in 2023. More specifically, those shoppers are looking to purchase property in bustling metros such as New York, Los Angeles, San Francisco, Miami, and Washington, D.C.

    “We are seeing money from China, Singapore, Hong Kong, and the Middle East being ‘parked’ in real estate in California as a holding place for wealth,” said Paul Lester of The Agency Beverly Hills in the firm’s annual Red Paper Wealth Report.

    “Instability in various South American countries continues to make Miami real estate very attractive,” noted Daniel Tzinker of The Agency Miami. “In the past three years, we’ve seen 100+ businesses like Citadel, Amazon, and Tesla move to Miami, taking advantage of the favorable tax environment…world-class restaurants, private clubs, and art galleries have followed.” 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    This 430-Acre Private Island in The Bahamas Can Be Yours for $45 Million

    Royal Island, a swanky Caribbean oasis in The Bahamas, awaits its next king or queen and their lucky retinue of family and friends.

    Less than a 20-minute boat ride from the picturesque North Eleuthera, famous for its pink sand beaches, the 430-acre private island is asking for a whopping $45 million, The Daily Mail reported. However, you can’t really put a price on paradise, can you?

    Altogether, the palatial spread has five residences, a private gym, a yoga center, a spa, and a large oval-shaped swimming pool. The turnkey property also comes with its furnishings, so essentially all you have to do is wire the purchase funds and pack your toothbrush.

    In 2021, Royal Island appeared in season one of the travel-centric Netflix series The World’s Most Amazing Vacation Rentals, hosted by Megan Batoon, Jo Franco, and Million Dollar Listing New York star Luis D. Ortiz. Awarded as one of the top resorts on the planet by Condé Nast Traveler, the idyllic private island was bookable earlier this year for a hefty $18,500 per night, Forbes reported.

    At the heart of the Caribbean compound is an oval-shaped swimming pool.

    J. Christie & Vladi Private Islands

    Surrounded by nothing but crystal-clear turquoise waters, the secluded island makes for the perfect party pad and can host up to 18 people at once.

    Royal Island will accommodate 18 guests among its five one-bedroom beachfront villas and separate guest house. Each of the tropical-inspired bungalows is nestled among the lush greenery and sports vaulted ceilings, an en suite bathroom, and a spacious wraparound deck for languidly gazing out toward the ocean.

    Accommodations on the 430-acre island include five waterfront villas.

    J. Christie & Vladi Private Islands

    “Royal Island, as set up currently, is excellent for private gatherings,” notes the listing, which is held by Vladi Private Islands. A perfect party pad for hosting friends and family, the secluded island has its own bar and restaurant within the grounds. 

    There are plenty of ways to keep busy during the day, but, naturally, the highlights of the property are the water sports. Think everything from snorkeling to paddleboarding, jet skiing, and kayaking.

    Of course, if you’re looking to create an even more epic escape, the island getaway was granted preemptive approval in 2007 for additional development, including an expansive marina. There are also plans for an 18-hole waterfront golf course; however, the sky is really the limit here. And if you’re ever worried about feeling too isolated, rest assured you’re approximately 40 miles northeast of Nassau, the capital of The Bahamas.

    Click here to see all the photos of Royal Island. 

    J. Christie & Vladi Private Islands

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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