3 private islands in Belize just hit the market — and at less than $530,000 a piece, they each cost less than the typical home in NYC and Honolulu. Here’s what the money will buy you.

7th Heaven Properties

• Three private islands are currently for sale in Belize for under $530,000 each.
• The cheapest island is listed at $350,000, while the most expensive island is listed at $525,000, according to the listing website 7th Heaven Properties.
• The attractive prices are due to both the location and size of each island, Robert Cooper, director of 7th Heaven Properties, told Business Insider.
• Visit Business Insider’s homepage for more stories.

For those outside-of-the-box homebuyers looking to invest in an affordable private island, you’re in luck.

Three private islands in Belize are currently on the market for less than $530,000 each. It’s a price point that’s cheaper than the median home value in some of America’s major markets, including New York City, Los Angeles, and Honolulu. 

The three islands vary in prices ranging from $350,000 to $525,000, according to the listing website, 7th Heaven Properties.

They are located off the Caribbean coast of Southern Belize and are either undeveloped or contain a few structures that need repairs, according to Robert Cooper, the director of 7th Heaven Properties.

Read more: The Martha’s Vineyard estate that Jackie Kennedy bought for $1 million in 1979 just hit the market for $65 million — here’s a look inside the property

Cooper also told Business Insider that the attractive price points are due to three main factors: the islands are small in comparison to other private islands and have minimal to no developments on them; there are around 200 private islands or cayes off the Carribean coast of Belize, so there are quite a few private islands for sale; and Belize’s real-estate market is less developed, especially in comparison to other countries that also have large pools of tropical islands, like the Bahamas.

Keep reading for a closer look at the three private islands.

Belize is located in Central America and hugs the western edge of the Caribbean Sea. It sits under the US and Mexico and is around just two hours from Houston, Texas by plane.

Google Maps

Source: Google Maps

The largest and most expensive of the three available islands spans 1.5 acres and is located off the coast of Dangriga Town in southern Belize.

7th Heaven Properties

Source: 7th Heaven Properties

The 65,340-square-foot island is currently on the market for $525,000 …

7th Heaven Properties

Source: 7th Heaven Properties

See the rest of the story at Business Insider

See Also:

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• Bruce Willis’ Turks and Caicos compound just sold at a 20% price cut — and even with the price cut, it’s still the second-most expensive home sale in the country’s history
• Trump was spotted at his New Jersey golf course hours after the El Paso mass shooting claimed 20 lives. Here’s a look inside all 16 golf courses he owns around the world.

SEE ALSO: Run-down and vacant homes in Detroit are being auctioned off for as little as $1,000. All homeowners have to do is get them into livable condition in 6 months.

DON’T MISS: A private island an hour from NYC is for sale for $13 million, and it comes with 2 homes designed by Frank Lloyd Wright and a private helipad

Source: Business Insider – feedback@businessinsider.com (Libertina Brandt)