Most Expensive Islands in the World

An elegant island hideaway gives one a feeling of complete relaxation – you are the master of your space, with no one to disturb you. Many can only dream of living on a private island, as the costs of owning any island listed in Forbes Most Expensive Islands in the World 2006 does not come cheap!

They're not just for the pathologically reclusive or tragically stranded. Private islands, with their bare beaches, 360-degree views and delicious solitude, are coveted by billionaires and celebrities alike.

"If you win the lottery, you buy a private island," says Cheyenne Morrison, broker for Coldwell Banker Morrison's Private Islands in Port Douglas, Australia. "Or if you become a tech mogul, that's what you do. You think, 'I'll buy a yacht. I'll buy a private island.'"

The main incentive to owning an entire island is pretty obvious: keyword "private." A huge margin of water serves as a far more effective barrier to the outside world than a stone wall, automatic gate or towering privet hedge. There are no noisy neighbors; no photographers may set foot on your beach without permission.

1. Isla de sa Ferradura Spain
$39.7 million (A$53 million, C$44.9 million, €32.99 million, £22.7 million, Rs1.8 billion)

View the complete list after the jump.

2. Pakatoa Island New Zealand
$35 million (A$46.8 million, C$39.6 million, €29 million , £20 million , Rs1.5 billion)



3. Cerralvo Island Mexico
$35 million (A$46.8 million, C$39.6 million, €29 million , £20 million , Rs1.5 billion)



4. Temptation Island Thailand
$30 million (A$40.1 million, C$33.9 million, €24.9 million, £17.1 million, Rs1.3 billion)



5. Caritas Island Fairfield County, Conn.
$25 million plus (A$33.4 million, C$28.3 million, €20.8 million, £14.3 million, Rs1.1 billion)



6. Allan Island Washington State
$25 million (A$33.4 million, C$28.3 million, €20.8 million, £14.3 million, Rs1.1 billion)



7. Grand Bogue Caye Belize
$25 million (A$33.4 million, C$28.3 million, €20.8 million, £14.3 million, Rs1.1 billion)



8. Blue Lagoon Fiji
$25 million (A$33.4 million, C$28.3 million, €20.8 million, £14.3 million, Rs1.1 billion)



9. Thatch Cay U.S. Virgin Islands
$24 million (A$32.1 million, C$27.1 million, €19.9 million, £13.7 million, Rs1.1 billion)



10. Isola Santo Stefano Italy
$24 million (A$32.3 million, C$27.3 million, €20 million, £13.9 million, Rs 1.1 billion)



11. Little Ragged Island Bahamas
$23.5 million (A$31.4 million, C$26.6 million, €19.5 million, £13.4 million, Rs1 billion)



12. Leaf Cay 2 Bahamas
$19 million (A$25.4 million, C$21.5 million, €15.8 million, £10.8 million, Rs839.5 million)



13. Coakley Cay Bahamas
$18.2 million (A$24.3 million, C$20.6 million, €15.1 million, £10.4 million, Rs804.2 million)



14. Magic Island French Polynesia
$18 million (A$24.1 million, C$20.4 million, €15 million, £10.3 million, Rs797.3 million)

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