Private Mediterranean islands are not common, but Punta Pennata, a small piece of land in the Gulf of Naples, is up for sale. It has the remains of an old Roman villa surrounded by overgrown vegetation. Sotheby’s International Realty thinks this is a great chance for a valuable investment. However, the mayor of Bacoli, Josi Gerardo Della Ragione, wants to turn it into a public park. This proposal is at odds with efforts to attract wealthy buyers. The island has historical significance, which lets the municipality potentially match the asking price.

Source: https://www.nytimes.com/2025/03/22/world/europe/italian-island-sale.html