Like mainland properties, island prices occassionally drop. These price drops represent an excellent opportunity for prospective island owners to prick up a great island at a great price.

The Vacouver Sun is reporting that Jesse Island, one of British Columbia’s most beautiful island has been reduced to $4.5M. The island which is located near the beautiful city of Nanaimo British Columbia and situated at the mouth of Departure Bay near the Pacific Biological Station,

The island’s price has been reduced from %5.9M according to Re/Max realtor Michael Peterson, who has been trying to sell the nine-acre private island for his U.S. client for years, said while he has had expressions of interest from potential buyers from “a number of countries” there haven’t been any firm bites.

Jesse Island has a four-bedroom house near the island bluff which overlooks the home of the island’s caretakers, who guard the island year-round.

The island also has its own lighthouse, a dense grove of various tree species and the descendants of goats that many believe were brought there by explorers centuries ago. Water, power and telephone services are delivered to Jesse Island through submarine conduits which eliminate the utility problems encountered on other private Islands.