In this second installment, we take a look at Dinna Cay which is located in the Exuma island chain of the Bahamas. Nicolas Cage, another "I Am Facing Foreclosure" graduate, bought an island in the Exumas back in 2006.
Let's take a look at the sweet description:
Seven-acre private island situated in beautiful Exuma Land and Sea Park with deep-water access. The island is undeveloped and is well suited for a single family home plus caretaker’s quarters. Dinna is the only small island like this on the market in Exuma, and in a beautiful location near Halls Pond Cay. Motivated seller.
Exuma Cays are well known for their pristine beaches and crystal clear waters. This island enjoys the environment of the park and will always be ensured an abundance of sea life and limited development. It has no beach, just rocky shoreline, but the area is stunning and it has good elevations and deep water for a dock. There are plenty of islands nearby that are deserted with beautiful beaches, just a couple minutes by boat.
Since Nicolas Cage's island is reportedly 40 acres, this appears not to be the same island. Too bad for Casey because not only could he rub shoulders with a celebrity, but he could also help Nicolas Cage avoid all of those financial mistakes, right?
The "motivated seller" tag is the big draw for Casey. He can utilize his little-known creative financing techniques that usually involve putting down no money at favorable terms. The really creative part is when he doesn't pay the money back.
And sure, it's only 7 acres, but who cares? They fit a few million people on Manhattan, right? What's a thousand people on a 7-acre island? That's about 300 square feet per person, so there's plenty of room to stretch out and move around.
Casey better move on this one fast. Once he gets the house and caretaker's quarters set up, the delicious part will be outsourcing all activities to the caretaker while Casey blogs about everything.
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