Private Mediterranean Island Boasts Rare Development

By Christine Aebischer

Isla de Espalmador, an approximately 338-acre private island set between Ibiza and Formentera in the Las Salines Natural Park, is listed for €24 million. Among its top features are the island’s existing developments, which are a rarity in the Mediterranean, where planning permission is hard to obtain.

Photo courtesy of Vladi Private Islands


The island features two traditional Balearic villas, a chapel, watchtower, and several additional outbuildings, all of which offer breathtaking views of the turquoise Mediterranean waters, stretching all the way to Ibiza. “It’s rare to find islands as beautiful as this one on the market,” says Farhad Vladi, president and founder of Vladi Private Islands, the exclusive listing broker of Isla de Espalmador. “Factor in the prime location — just minutes away from the coast of Ibiza — and its existing developments, and you’ve got a very special property indeed.”

The island features white-sand beaches, Mediterranean landscapes, picturesque coves, and crystal-clear waters. Now for sale for only the second time in history, Isla de Espalmador has belonged to four generations of the same family since the late 1920s and has hosted generations of Europe’s royalty, aristocracy, and celebrities.