A 243-acre private Greek island is going to auction in November for €247k ($287k). Three years ago it was listed at €8 million.
The island is Makri, in the Echinades archipelago, roughly 30 km east of Kefalonia. There are three abandoned buildings on it: a stone house, a water cistern, and a chapel.
€1,000 per acre for a Mediterranean island sounds absurd and it is, but the main reason it's so cheap is that it's classified as private forest and sits inside Natura 2000, the EU's protected habitat network. So you can't build a resort on it. You can do agriculture and put up minimal structures, and that's about it.
Everyone's debating what people will do once AI and robots handle most of the work and places like this start to look like an answer. It's a Mediterranean island where you can live off-grid, grow food, raise animals, and have a real physical life.
Would you go for it?