A tiny island only ten minutes by boat from San Marco Square in Venice, Italy is now on the market for EUR 28 million or USD 38.5 million.
It has roughly 86,111 sq ft of both historical buildings and new construction space zoned for private residences as well as hotels and offices.
San Spirito Island is currently owned by Poveglia Ltd, a special purpose entity formed by a group of Venetian real estate entrepreneurs who focus on the recovery of local historical properties. They are looking for investors and developers willing to work on this exclusive project and to bring the island back to its ancient splendour, according to PropertyWire.
The island began as a monestary but heads of states, diplomats, royals and the like have since flocked to San Spirito for its XII century allure