Isola Delle Femmine
Credit: Marzolino/Getty Images

If you act quickly, you could soon become the owner of a private island located less than 1,000 feet off the coast of Sicily.

Isola delle Femmine or "island of women" is a picturesque atoll not too far from Palermo. And, although a private Italian island may seem hard to come by, this one’s for sale. And it’s actually reasonably priced — as far as private islands go.

“Originally, the island was priced at €3.5 million but given nobody showed up we've now lowered it to a flexible range between €1 and €3 million, open to offers and negotiations," a real estate agent told CNN Travel. The island’s current owners are hoping to sell for about $2.25 million (€2 million).

But the pricetag does come with a catch. Currently, all that’s on the land is a crumbling 17th-century stone tower. It’s beautiful and historic — but it’s uninhabitable. If you have dreams of living your best life off the coast of Sicily, you will need to invest in building some structures.

The island has its own history. For centuries, families have been visiting and snorkeling off its coast. Its name derives from a story that 13 Turkish women were banished from their families. They ended up on the island and lived happily ever after. (A fate that could also be that of the new owners.)

The unusually low pricetag is a product of Italy’s current housing market. This is far from the first example of Italians significantly lowering the price of their land in order to sell. Earlier this month, a man in rural Abruzzo announced a raffle for his villa, with tickets selling for roughly about $66.