Just when you thought the Heidi Klums and Leonardo DiCaprios of the world were the only people who could afford their own private islands, this hits the market. The asking price? $298,000 – seriously.
Compare that to a of nearly $1.2 million for a home in New York City or the $455,000 in Hawaii, and it's clear that this private island is quite the steal.
The island is located in Lake Vermilion in Northeast Minnesota, part of the boundary waters between the U.S. and Canada, according to . While dual citizenship is not included, the property does come with a two-bedroom main house and a 250-square-foot guesthouse.
The home boasts a two-level deck, perfect for taking in the extraordinary wilderness views, and a boat dock. The interior features a combination kitchen, dining and living area. High, vaulted and beamed ceilings add a rustic sensibility to the otherwise simplistic design.
The home hasn't undergone any major updates since being built in the 1970s, which, paired with the remote location, could be a contributing factor to its low asking price. However, those familiar with the local fishing area might actually consider the $298,00 price tag a bit steep. Minnesota's is a modest $182,100.
The surrounding island landscape is brimming with lush vegetation and rocky embankments. It's the perfect property for those who love escaping to nature–especially those on a tight budget.
Take a closer look at the property below.