Private Island Investment: Espalmador, Spain
Espalmador is a 137 hectare island in the Balearic Islands that lies between Ibiza and Formentera in the Mediterranean.
Espalmador is a 137 hectare island in the Balearic Islands that lies between Ibiza and Formentera in the Mediterranean. The Balearic Islands are a Spanish archipelago near the western Mediterranean coast of the Iberian Peninsula with the most famous of the islands being Mallorca and Ibiza. Within the Balearics, Ibiza, Formentera, and Espalmador are known as the Pitiusas, or Pine Islands.
The Pitiusas are famed for their abundant, year-round sunshine and wonderful beaches. Sheltering just off the south coast of Ibiza, Espalmador is both protected from the open sea, and close to the south side of Ibiza. It is easy to enjoy the best of Ibiza which is just a short boat ride away. Espalmador provides a tranquil sanctuary to escape to with beautiful surroundings and proximity to some of Spain’s most frequented destinations in the Mediterranean.
Immediately to the south of Espalmador is the Illetas promontory of Formentera, home to some of the most beautiful beaches in Europe. There are currently two houses on Espalmador, plus a chapel, a watchtower, and additional outbuildings. The houses are all built on private land, but the watchtower lies on public land, due to Spain’s coastal law, which also affects other parts of the island.
This article was first published in Palace.