How Much Should You Expect to Pay for a Private Island

In their popular online column Vanity Fair recently answered a readers question about how much one should expect to pay for a private island. Answering the question, journalist Peter Newcomb noted that Five years ago, Mel Gibson bought a spectacular 5,400-acre island in Fiji’s northern Lau chain for $10 million—a steal at $1,800 an acre.

How Much Should You Expect to Pay for a Private Island