There's a private island for sale that's cheaper than a condo in Manhattan

A private island cheaper than a condo in Manhattan?

If you're at all familiar with the Manhattan real estate market, that might not come as much of a surprise to you.

Cedar Island, located in Vermont, is currently up for auction.

The starting bid price? $850K.

To put things into perspective, the average one-bedroom in Manhattan costs a solid $992K.

On its 8.4-acre property, Cedar Island boasts one main house and two cottages.

Check out this beautiful island below:

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Cedar Island, Vermont
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Cedar Island, Vermont
Photo credit: Private Islands Online
Photo credit: Private Islands Online
Photo credit: Private Islands Online
Photo credit: Private Islands Online
Photo credit: Private Islands Online
Photo credit: Private Islands Online
Photo credit: Private Islands Online
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There's also a full-sized tennis court, hot tub and, casually, its own reef for all the marine loving potential buyers out there.

The island was originally listed for $1.7M but failed to sell.

The auction will begin on October 12.

Now, check out this $11M private island for sale in CT:

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$11M private island for sale in CT
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