Entire £8.5m Italian paradise island with just ONE building on it to be auctioned…but you’ll have to fight locals for it

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Entire £8.5m Italian paradise island with just ONE building on it to be auctioned…but you’ll have to fight locals for it
Author: Emma Crabtree
Published: Jan, 17 2025 13:55

IF you have ever dreamed of sunning yourself on an Italian paradise of your own, now is the chance to buy an entire island - but you will have to dig deep. The island of Punta Pennata just off Naples is located in the glorious Mediterranean Sea near the fishing town of Bacoli.

 [Overlooking the Gulf of Pozzuoli, boats are in the bay near Punta Pennata rocks.]
Image Credit: The Sun [Overlooking the Gulf of Pozzuoli, boats are in the bay near Punta Pennata rocks.]

A fight is now on to own it after Sotheby's advertised this month that the 2,152 square-foot piece of land is up for sale. The international realty website claims that the island is a "historical and natural gem" offering "a fascinating and unique retreat.".

 [Mayor of Bacoli, Josi Della Ragione, at a press conference.]
Image Credit: The Sun [Mayor of Bacoli, Josi Della Ragione, at a press conference.]

While prices are available upon request, Sotheby's predicts it will be sold for up to £8.5 million or €10 million, according to The Times. The island will go to the highest bidder. But before eager millionaires get their cheque books out, they will first have to consider if they want a fight with the Mayor of Bacoli.

 [Coastal scene with a small building, a rocky shore, and clear water.  A large ship is visible in the distance.]
Image Credit: The Sun [Coastal scene with a small building, a rocky shore, and clear water. A large ship is visible in the distance.]

Upon hearing the news of the sale of the island, Della Ragione declared: "We want this island back. We'll do crowdfunding, we'll do anything. "This place has history — it was the Monte Carlo of the Roman era, due to the villas. "The fleet sent out to rescue survivors from the AD79 eruption of Mount Vesuvius left from here.".

Della Ragione, whose lineage goes back to 18th-century Bacoli, is determined to fight for the ownership of the historically rich slice of land. He told The Guardian that his town has contacted Sotheby's with hopes of purchasing the strip of land just 100 metres offshore from the fishing village.

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