real estate

Short-Term Paradise

Not ready to buy? You can rent an island for a memorable vacation.

For the definitive family reunion or romantic escape, consider renting an island. Rentals start at about $4,000 per week for two. About 30 island rentals are located within a day's flying time of major U.S. cities.

For 15 years, Mike and Robin Bommer of Avon, Ohio, have rented a series of private islands in Lake Erie, the Florida Keys and the Bahamas with another couple. (Both couples leave the kids at home.) This spring, they stayed for two weeks on Channel Cay, a 25-acre private island in the Abaco islands, Bahamas, in a three-bedroom, three-bath house. Channel Cay is about a half-hour boat ride from Marsh Harbour, the nearest major town. On that trip, Mike and Robin particularly enjoyed scuba diving in the turquoise-blue water. "Our island trips are the one thing we most look forward to every year," says Mike.

Their idyll cost $4,300 per week (see details at www.channelcay.com), with airfare from Ohio about $550 per person.

Like many island rentals, a boat was not included. Boat-rental rates vary by season, marina and boat size. During their stay, the Bommers rented a 26-foot bareboat (a craft without a crew) for about $1,700 a week, including fuel and taxes.

You'll find listings for island rentals at PrivateIslandsOnline.com. Island owners usually require a deposit of up to 50% to hold your reservation. If you cancel, you may lose your deposit.

Note, too, that many island rentals, including Channel Cay, do not come with hotel amenities such as daily housecleaning and room service. For island resorts with those amenities, see listings at real estate broker Vladi Private Islands' site, www.vladi.de.

Next: See our slide show of ten private islands for sale.

Most Popular

What Biden Will Do: 24 Policy Plays to Expect From the Next Administration
Politics

What Biden Will Do: 24 Policy Plays to Expect From the Next Administration

The Kiplinger Letter forecasts President-Elect Joe Biden’s biggest priorities -- and the likelihood of progress on them.
November 19, 2020
The 13 Best Healthcare Stocks to Buy for 2021
Kiplinger's Investing Outlook

The 13 Best Healthcare Stocks to Buy for 2021

Most of the best healthcare stocks for 2021 will have some sort of ties to COVID, whether it's producing a vaccine or cure, or benefiting from the vir…
November 20, 2020
16 Worst Gifts to Impulse Buy for the Holidays
shopping

16 Worst Gifts to Impulse Buy for the Holidays

Don't let those holiday sale promotions persuade you into buying something now that will be much cheaper later.
November 18, 2020

Recommended

Analyst: Housing Market Will Stay Strong in 2021
Markets

Analyst: Housing Market Will Stay Strong in 2021

But the pace of home sales could slow by the end of the year.
November 27, 2020
Planning to Sell Your Home in Retirement? Downsize Costs Along With Space
Budgeting

Planning to Sell Your Home in Retirement? Downsize Costs Along With Space

In this hot real estate market, consider the costs of buying and selling a house along with the expenses associated with your new digs.
November 13, 2020
9 Places That Will Pay You to Live There
real estate

9 Places That Will Pay You to Live There

Working remotely? You may want to check out these places who'll pay you to move there.
October 30, 2020
11 Home Features Today's Buyers Want Most
home

11 Home Features Today's Buyers Want Most

Thinking about selling your house? Here are several home features potential buyers are coveting right now.
October 16, 2020