If you really love Ibiza

[Qwertyl]

...and you are really loaded (or like to dream), this might be something for you.

I just read about Islands for sale in Forbes magazine, and the second most expensive is Isla de Ferradura just outside Ibiza. For the price of $43.5 mill you get a main house and seven subsidiaries (no more crappy hotels for friends), turkish bath, sauna swimmingpool, a small waterfall etc.

You can read more about it at

http://www.forbes.com/lifestyle/2005/03/04/cx_sc_0304home.html?boxes=custom

 

[Beckiboo]

And a mere snip at £43.5 million

You know, I might just buy it when I get paid after Easter

Here's some more pics

http://www.privateislandsonline.com/ibizaisland.htm#

 

[nish]

 

[puppylover]

Joint Spotlight Mortgage anyone??????

 

[Beckiboo]

We probablly still wouldnt even have enough to buy a palm tree

Oh how the other half live eh

 

[Morbyd]

hmmm... wonder what the chances of getting a loan from the boss are

 

[Qwertyl]

Joint Spotlight Mortgage anyone??????

If we buy one of the eight houses each I guess we could haggle it down to $5mill each. Than I am only like $4.9 mill short.

 

[Buckley]

Joint Spotlight Mortgage anyone??????

I'm in!

 

[djcarlos]

imagine that! your own little party island! quality

 

[puppylover]

Anyone on the board work in Mortgages??

Whats the repayment of 25years on 43.5 million then?

 

[vienna]

do they accept creditcards?

 

[m0Eller]

oh...i think i'll buy one 8)

 

[patrick767]

Well, Puppylover, I entered it as a fairly typical (for the States) 30 year mortgage at the current average 30 yr interest rate of 5.52%.

Your monthly payment? $ 247,534.34
Save your pennies!

 

[MARKB]

we only need 250 people to put in a $1000 each month.

Bugger it, who's gonna put down the deposit?

 

[Ferd]

Remember we'd only use it during the season..

Could rent it out as an old folks island during winter..!

 

[puppylover]

we only need 250 people to put in a $1000 each month.

Bugger it, who's gonna put down the deposit?

Oh go on then - I'll do the deposit but I get first dibs on what weeks I'm there ok?

 

[Qwertyl]

we only need 250 people to put in a $1000 each month.

Or only $3,000 a month for the four month season, minus the income we get from the old people during the winter. Now that is almost a give away price