"Buy Buy, Baby" is a Friday feature that explores unique luxury goods and what makes them special. Check back every week for more items to put on your wish list.Fleeing the mainland hasn't helped private-island owners escape economic reality. Island investors' dreams of sandy beaches and secluded homes have burst with the real estate bubble, as sellers watch a rising tide of frugality wash away their profit margins. With island owners stranded on unsellable properties, their paradise lost is now available for a relative pittance.
|New Jersey's Middle Sedge Island, listed for $6.5 million, is a 20-minute helicopter ride away from Manhattan.|
|The price of Nafsika Island, owned by the Onassis family, in Greece's Ionian Sea has been cut in half.|
|Monarch Cay was originally listed at $5 million and sold for just over $1 million.|