Buy Buy, Baby: Your Own Fantasy Island

Still, some owners are having a hard time letting the good times go. Logging magnate Timothy Blixseth hasn't budged on the $75 million asking price of his Emerald Cay in Turks and Caicos, which features a 27,000-square-foot, 10-bedroom estate. The property features a "floating" tennis court, movie theater, three-story library, wine cellar and retractable bridge.

But it can't hurt to make an offer. So go ahead, talk down the price of that $3.5 million Savannah Caye island that's a stone's throw away from Leonardo DiCaprio's plot in Belize. He may not like that you're bringing down property values in his neighborhood, but it just proves that no man is an island.