8 Most Expensive Private Islands in the World

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Fantasizing about an island getaway is a delightful pastime all year-round. For the wealthiest people on the planet, though, a jaunt to an island isn’t just a daydream — it’s a way of life.
Whether you’re fortunate enough to actually fly out in style or just want to plan a trip as a pleasant way to disassociate for a few minutes, you can enjoy scouting out some of the most beautiful and expensive ways to do so. Here are some of the world’s most expensive private islands.
Lanai Island, Maui County, Hawaii
Nearly 98% of this private island is owned by billionaire Larry Ellison and is valued at about $610 million. It’s one of the most expensive private islands in the United States and is known for Shipwreck Beach, Polihua Beach and its stunning views of Molokai and Maui islands. There are luxury hotel options where you can stay that typically will run you over $1,000 a night.
Cocoa Island, Maldives
Cocoa Island is a gem of the Maldives, home to some of the most beautiful white sand beaches in the world. They are known as a secluded honeymoon hotspot destination; the island offers ample opportunities to explore pristine oceans through scuba diving and swimming or simply holding hands on the beach.Â
However, this romantic bliss will cost you. Staying in one of the island’s luxury suites will cost upwards of thousands per week.
Laucala Island, Fiji
Laucala Island is popular with the international jet set for good reason. The island offers pristine and secluded beaches, along with the once-in-a-lifetime opportunity to explore rainforests. Whether you’re a seasoned jet skier or want to learn to windsurf, you can spend your days on the water.Â
If you want to stay on land, you can always go on horseback rides or enjoy the amenities at your luxury villa hotel or private island resort. The island has jaw-dropping beauty with a jaw-dropping price tag, with some elite island villas costing over $6,000 (and sometimes upwards of $15,000) — per night!
Necker Island, The British Virgin Islands
Over on Necker Island, you’ll find the bluest water lapping on the shores of the whitest sandy beaches. Perfect beauty befits this private island owned by Sir Richard Branson, where you can rent a space in one of the nine bedrooms in the Great House or six individual Bali houses.Â
Between the nightlife and nature tours, coral reefs and luxury spa treatments, Necker Island is a paradise for the elite — and it’s priced like one. It’s one of the world’s most expensive islands to visit.
Musha Cay, The Bahamas
One of the most secluded destinations in the world, Musha Cay will offer you privacy and splendor in equal measure. Though it’s owned by famed magician David Copperfield, the island’s luxury resorts, family-oriented games, guided adventures, and opportunities to enjoy water sports are far from an illusion. The island’s rates start at $50,000 daily for 12 people, with a five-night minimum.
Cayo Espanto, Belize
At only four acres, what Cayo Espanto lacks in size, it more than makes up for in luxury. Your stay on the island comes with a personal chef, dive master, and butler, along with an infinity plunge pool.Â
After booking a mainland adventure tour or private yacht excursion, you can relax with rejuvenating spa treatments in your own private oasis. But you’ll need to save up to set foot on those white sands, with lower costs at over $1,000 daily.
Fogo Island, Canada
Canada may not be your first thought for a luxury island vacation, but Fogo Island is a perfect place to relax and enjoy the beauty of nature. If you’re looking for a winter weather vacation, you can book a spot at the Fogo Island Inn and enjoy majestic ocean views and gorgeous glaciers.Â
Visiting the Inn, you can tour an art gallery and catch a movie, before relaxing in a hot tub or sauna. Enjoying the snowy splendor will cost you some cold hard cash: Prices at the Fogo Island Inn can run over $2,000 with a three-night minimum.
Republic of Cyprus
Celebrated as the jewel of the Mediterranean, Cyprus is also famous as the birthplace of Aphrodite, the goddess of love and beauty. Visiting the island is an invitation to frolic on golden-brown beaches, take in exotic sites, explore ancient ruins, and participate in the annual Aphrodisia or festival of Aphrodite
In Cyprus, you can take in the beauty of nature over hiking trails before dressing up to enjoy some of the finest nightlife the world has to offer.Â
Caitlyn Moorhead contributed to the reporting for this article.