Now you can buy a man-made floating 'island'

An Austrian firm has come up what it hopes is the next big thing for the mega-rich: a man-made, floating "island" with a list price of 5.2 million euros ($6.5 million)Measuring 20 by 37 metres (66 by 121 feet), the "Orsos Island" has no engine but can be anchored anywhere its owners choose and then towed to another location the other side of the world if they so wish.

The island is environmentally friendly and fully self-sufficient, with solar panels and wind generators providing power. It can sleep 12 people plus crew and offers 1,000 square metres of living space.The only problem is that no “islands” have been produced yet and that once manufacturing starts it will initially be in land-locked Slovakia.

Orsos expects the first finished products to be ready in 18 months' to two years' time, and for the "islands" to be transported down the Danube river into the Black Sea — and then to wherever the customer wants.

According to the Orsos website the "The Island is over 20 meters wide and more than 37 meters in length" and "the innovative design promises Island living more comfortable than just about any luxury yacht." Each island can accommodate 12 residents and up to four staff if required.

Gábor Orsós says "The luxurious yet affordable Islands offer much more than just the traditional ordinary holiday atmosphere. We offer you the possibility to withdraw yourself on ORSOS Islands and avoid the classical tourism so that you can enjoy a personal and unforgettable holiday experience."

The Austrian-based company has begun manufacture of the prototype in Germany and Hungary and hope show it to the public at the end of 2013.Previous floating islands have cost $100 million, but Orsos Island creator Austria's Gabor Ors aims to provide luxury at a much reduced cost.Buyers can tailor the design to their individual needs. The sun deck features lounges, a barbecue, jacuzzi, and a bar with seating for up to 15 people.

The only catch is that no "islands" have been produced yet.