[ISL] "You Just Bought a Private Island. Now What?"

[rfmcdonald]

Bloomberg's James Tarny writes about the seven steps you need to undertake if you buy yourself a private island.

You see it listed online: a seven-acre island off the coast of Belize, surrounded by clear blue water and striking distance from an untouched barrier reef. Price: 492,000 pounds, or around $760,000. “You couldn’t buy a 1 bedroom in Williamsburg for that price,” you say to yourself, and after a few clicks and a phone call, you’re the proud owner of a tropical haven 12 miles from the resort town of San Pedro (immortalized by Madonna's La Isla Bonita).

So … what next?

There’s probably no plumbing on your new island. There may not even be a house. Or structures at all. You need help.

This is when you call someone like Doug Kulig, the chief executive officer of Miami-based architect and developer OBMI. He has designed and built a 23,500-square-foot estate on a secluded tip of the British Virgin Islands, a hillside aerie on the southwest coast of Antigua, and other houses and resorts throughout the Caribbean. Kulig's got years of experience building on remote islands, and he helpfully laid out your next moves (in chronological order, no less) for Bloomberg.

It's all there.