This Greek island is up for auction for €247,000. It's called Makri, and just three years ago, it was listed for €8 million.
The plan was to build a luxury resort until it was discovered that you can't legally build anything there. So now, nobody wants to buy it.
I still think there might be an opportunity for a creative entrepreneur...
Here are a few of my crazy (are they really crazy?) ideas:
🎬 Private island content studio that you rent to wellness brands, influencers, travel shows, fashion shoots, drone filmmakers, and survival content creators. Make money with location fees, production support, boat logistics, permits, and drone packages.
🧩 Build the ultimate treasure hunt island, expedition-style. Guests follow clues across the island, solve puzzles, dive/snorkel, open locked chests, and discover “ancient maps". Partner with Surf Office to bring companies for team building.
⛵ A floating hotel around the island, combined with a few off-grid cabins, chemical toilets, and a light shade structure. The island becomes the private backdrop and swimming playground. I would use small A-frame cabins from Lushna Cabin Hotels.
🥁 Just buy it with 10 friends and plan a camping trip on YOUR island every year. Maybe turn it into a small, private, and exclusive Fyre festival (better executed, ofc), create hype on socials, and sell swag.
Any other ideas?
PS: The auction is set on November 13, 2026.