Italy paradise isle on sale for bargain price

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Italy paradise isle on sale for bargain price
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Want to own a private island? An aristocratic family is selling one in Sicily for a lot less than the price of a Tuscan villa or a luxury Manhattan apartment.

Ever dreamed of owning your own Italian private island? An aristocratic family is selling one in Sicily for a lot less than the price of a Tuscan villa or a Manhattan loft apartment.

"The price at first was €3.5 million but given nobody showed up we've now lowered it to a flexible range between €1 and €3 million, open to offers and negotiations," real estate agent Riccardo Romolini tells CNN Travel."Anywhere close to €2 million we'd be very interested." Her ancestors used the island as a secret retreat where they could enjoy the sea-and-sun bliss far from noisy vacationers.

There are ancient Greek and Roman stone and lime mortar basins once used to prepare a gourmet fermented fish sauce dubbed garum, alongside old wells and basins to collect rainwater. "A re-style could turn it into an exclusive private residence or a lavish venue for celebrations and business events," says Romolini."New owners can apply for tax incentives and funding from the European Union if they come up with a development project that respects the surrounding nature."

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