Even islands are getting the premium pricing treatment in this hot market. Last listed in 2018 for $85 million, the Wall Street Journal is reporting that Little Pipe Cay is back on the market—now asking $100 million.
The 40-acre island in the Exumas island chain is known as one of the top private islands in the Bahamas, if not in the Caribbean.
According to the listing, a number of houses and cottages are spread across the island, affording 11 bedrooms and 12 baths in all. It’s also noted that there’s room for further development.
A sea barn contains boats and water sports equipment, while a large staff and operations village, with warehouses and stores are discreetly located at the far end of the island. There are several hundred feet of dock frontage to accommodate small and large boats, with a deeper draft dock by the operations end of the island.
In case you’re planning on traveling in super style, there are also a number of suitable surrounding locations to moor a super yacht.
While there isn’t explicit mention of any changes to the island since it’s last sale’s attempt, listing agent Fredrik Eklund tells the Wall Street Journal that the price increase is justified by surging luxury home values in areas like Palm Beach and Miami, which is around 270 miles away from Little Pipe Cay.
Along with Eklund, John Gomes of Douglas Elliman holds the listing with marketing support from Edward de Mallet Morgan of Knight Frank.