A small uninhabited island called Tragonisi located a few nautical miles east of Mykonos is on the market for sale and expected to fetch 50 million euros ($54 million).
According to the ad published by the real estate agency ZL Development Mykonos Golden Luxury, Tragonissi or Dragonisi, covering 617 acres is being sold either whole or in pieces.
The island has no green, only steep, sharp stones and slippery gravel. In the summer, tourist boats make excursions there as it has caves with turquoise waters, ideal for swimming and diving.
The small church of Panagia is built on its rocks where on June 11, the day of Saints Barnabas and Bartholomew, a festival is held with the participation of men only.
Mykonos’ reputation could attract buyers for the island up for sale
Mykonos’ reputation as a cosmopolitan island with vibrant nightlife and luxurious offerings attracts a wealthy clientele. Those seeking a secluded escape might find Tragonisi’s proximity highly desirable, offering privacy while remaining close to the action.
The island has transformed into a cosmopolitan destination, attracting celebrities, influencers, and a wealthy clientele seeking luxury experiences. Upscale restaurants, beach clubs with world-famous DJs, and designer boutiques cater to this market.
Being near Mykonos means Tragonisi benefits from easier access. Potential buyers can easily fly into Mykonos and then take a short boat trip to the island. Additionally, Mykonos offers various amenities like marinas, facilitating yacht access to Tragonisi.
The development of the island will of course require construction materials, skilled labor, or ongoing maintenance. Mykonos’ existing infrastructure provides a readily available pool of resources for these needs.
Islands in Greece for sale
Several islands in Greece are up for sale, like Tragonisi. An island in the Ionian Sea that went up for sale at an auction in 2022 with a starting price of 3.8 million euros ($4.3 million) found no buyers to date.
Makri Island in the complex of Echinades is an isolated paradise off the coast of Aitoloakarnania. Six of the Echinades islands, including Oxeia the largest, are owned by Sheikh Hamad bin Khalifa al-Thani, the emir of Qatar, who purchased them in 2013 for a reported $10 million.
Makri, along with the rest of Echinades is part of the Messolonghi-Aetolian Lagoon National Park which is the largest in Greece, and the second-largest in the Mediterranean.
The island is less than one square kilometer (0.38 sq. miles) and its highest point is at 126 meters. The remains of three buildings are still visible on Makri, including a small chapel, a cistern, and a small house.
Related: Top 10 Private Islands for Sale in Greece
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