Kosrae Nautilus Resort
Jordi Lippe-McGraw
May 03, 2016

Dream of owning your own tropical paradise, but don’t have the cash? Well, do you think you could scrounge up $49? That’s exactly how much one person will need to purchase a resort on Micronesia's island of Kosrae.

The Kosrae Nautilus Resort selling their property by way of lottery. That's right, anyone can enter to win the debt-free property, which comes with a 16-room hotel, a pool, a private beach, a dive center, a private home, two one-bedroom apartments, five rental cars, two vans, one pickup truck, a restaurant stocked come with a minimum of $5,000 in food supplies, $10,000 in the business's bank account, and staff of 16 people. And it’s not in some hard to reach spot either; the resort is under a 20-minute drive from Kosrae International Airport.

If you’re worried the hotel is trying to get rid of the place because of a lack in business, think again. It’s been open 22 years, and has a high rating on TripAdvisor. Many people flock to the area to dive in the colorful reefs, the natural Blue Hole and explore the sunken ships and WWII planes.

So, why give it up? “We have four boys, and three years ago one of them gave us a beautiful granddaughter,” reads the contest website. “She lived here for a year and we got to enjoy her every day. Then, when she left, we were just heartbroken. Sally particularly feels the tug on her heartstrings to be closer to our little angel and any other grandchildren that come along.”

To enter you simply go online and purchase as many $49 tickets as you want and wait for the July 26th drawing. The only fine print is that if less than 50,000 tickets are sold, the resort is not available. But, if that happens the winner will receive 50 percent of what ever is raised. If the goal is reached or exceeded, the owners keep the money raised and the winner gets the resort.

“We’ve had our time in the sun and enjoyed a career most people would never even dare dream about, but our current goal now is to become professional grandparents,” adds owner Doug on the website. “We feel like a new chapter in our lives is beginning, and we’re ready to pass the baton to someone else.”

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