'Cheap' Private Islands For Under $350,000

12/10/2012 01:39 pm ET | Updated Dec 10, 2012

If you ever dreamed of owning your own private island, the fantasy might be more affordable than you think.

Just in time for the holiday season, Private Islands Inc. is advertising a series of private islands selling for under $350,000.

The showcase of "cheap" private islands comes just after America's cheapest private island went on sale in November for $119,900.

Since the collapse of the housing market, the value of private islands has dropped around 25 percent, the Wall Street Journal reports.

Check out the private islands here:

Private Islands For Under $350,000

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