No longer just a flight of plebian fancy, the concept of renting private islands for vacation use is both gaining in popularity and shrinking in cost. At one time, Sir Richard Branson's Necker Island, at $322,000 per week would have been the norm when it came to playing master of your own domain. Now, with websites popping up like http://www.privateislandsonline.com renting your own private oasis in the sea has never been more affordable. A private island off the coast of Croatia, for example, can be rented for only $250 a week.

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