Now you can own an entire Greek island for less than the cost of a home in the US
An uninhabited Greek island named Makri is currently up for auction at a starting price of approximately $286,000. This price is significantly lower than the average cost of a home in the US, which is around $514,600. However, potential buyers should be aware of existing tax claims and restrictions on development due to ecological protections.
- ▪Makri was originally listed for $9.2 million in 2022 but has seen a drastic price reduction.
- ▪The island has a backlog of tax claims and debt totaling around $23.2 million.
- ▪Makri is classified under Natura 2000, limiting its use primarily to agricultural purposes.
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Travel Now you can own an entire Greek island for less than the cost of a home in the US By Brooke Steinberg Published May 22, 2026, 9:29 a.m. ET An uninhabited Greek island called Maki is up for auction. Google Maps See more of our coverage in your search results. Add The New York Post on Google If you’ve ever dreamed of owning a private island, now’s your chance — for less than the price of many US homes. A Greek island called Makri is up for sale. It was originally advertised with a value of about $9.2 million when it was first listed by high-end real estate companies back in 2022, but now its auction price starts around a mere $286,000. That asking price is lower than the average price of a home in the US, which is $514,600, according to Federal Reserve Economic Data.
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