About Banana Cove
In just over 15 acres the island of Banana Cove is one of the most secluded islands in the South Pacific and wasn't considered much more than a deserted island until after the 1950's. Purchased by Sojoint
Properties in 1958 Banana Cove was transformed into a tourist destination for rich celebrities looking for a private getaway to an island that was only accessible by seaplane or boat. While the island offered
beautful tropical island scenery and seclusion ideal for a resort, the reality was far from truth. Weather played a major role in gaining access to the island during certain seasons of the year and booking
a private charter on a seaplane or catamaran was a whole other story. By 1962 only 4 years after it's purchase, Sojoint Properties put the Island up for sale for not meeting the expectations they had hoped.
While described as a "low-key private resort", property investors saw the island as merely a "fisherman's hideaway" rather than an upscale resort.
Advertising for Banana Cove stetched the market nearly worldwide and because of it's history, reputation and size limitations to built a reputable hotel or resort many investors were turned off on the property.
It wasn't until the end of 1963 when the island started making waves once again. This time from a group of investors from Casa François, a banking and investment firm located in Madrid, Spain. The great grandson of Pedro François III, now retired and spending his last few months of his life with his family, decided to do the unthinkable with his fortune. In a leap of faith fashion, Francis François purchased the island of Banana Cove from Sojoint Properies for 35 million dollars, nearly 20 million more than the island was listed for to guarantee the island would never go deserted again. Francis much like Pedro François III never brought wealth back to Spain and instead invested abroad. By 1965 Banana Cove was back in business and had now become the worlds first of it's kind timeshare island.
With white smooth sandy beaches, calming waves, swaying plam trees, and a tropical vibe Banana Cove still thrives to this very day, welcoming travelers from far and wide across the globe. While mainly still operating as a traditional timeshare, Banana Cove's new owners have ventured out to allow people to rent portions of the island for photoshoots, events and upscale wedding ceremonies.
Banana Cove also provides guests with a marina at the top northwestern point of the island, 10 3 bedroom villas just east of the marina, a grand ballroom villa, 2 lounges, a tropical garden and limited electric power only available during the day time hours. At night guests are encouraged to enjoy the island in it's natural state with the use of candles and island torches in various parts of the island. For the safety of all of Banana Cove's guests the majority of the central and southern portions of the island are closed and not allowed to be accessed during overnight hours.
During the day guests are welcome explorer the island freely on their own and there is no telling what kind of grand view they'll uncover.
Advertising for Banana Cove stetched the market nearly worldwide and because of it's history, reputation and size limitations to built a reputable hotel or resort many investors were turned off on the property.
It wasn't until the end of 1963 when the island started making waves once again. This time from a group of investors from Casa François, a banking and investment firm located in Madrid, Spain. The great grandson of Pedro François III, now retired and spending his last few months of his life with his family, decided to do the unthinkable with his fortune. In a leap of faith fashion, Francis François purchased the island of Banana Cove from Sojoint Properies for 35 million dollars, nearly 20 million more than the island was listed for to guarantee the island would never go deserted again. Francis much like Pedro François III never brought wealth back to Spain and instead invested abroad. By 1965 Banana Cove was back in business and had now become the worlds first of it's kind timeshare island.
With white smooth sandy beaches, calming waves, swaying plam trees, and a tropical vibe Banana Cove still thrives to this very day, welcoming travelers from far and wide across the globe. While mainly still operating as a traditional timeshare, Banana Cove's new owners have ventured out to allow people to rent portions of the island for photoshoots, events and upscale wedding ceremonies.
Banana Cove also provides guests with a marina at the top northwestern point of the island, 10 3 bedroom villas just east of the marina, a grand ballroom villa, 2 lounges, a tropical garden and limited electric power only available during the day time hours. At night guests are encouraged to enjoy the island in it's natural state with the use of candles and island torches in various parts of the island. For the safety of all of Banana Cove's guests the majority of the central and southern portions of the island are closed and not allowed to be accessed during overnight hours.
During the day guests are welcome explorer the island freely on their own and there is no telling what kind of grand view they'll uncover.
