Affordable yachting

If you love luxury yachts but hate the high price tag they carry then fractional ownership may be for you.

Tortola-based The Moorings offers an affordable (relatively speaking) deal which can get you on board your own private luxury yacht for less than half a mil.

For $430,000 you can buy a one-tenth ownership of the yacht pictured here to the left. It entitles you to four weeks on board including a captain and chef.

After five years the yacht is sold and proceeds are divided.

How great is that?

Peter Island's new nest

I have a real soft spot for the Peter Island Resort -- which draws me because of its proximity to Roadtown, its sleepy, laid-back vibe and stunning beauty. Not to mention it routinely makes the Condé Nast gold list.

The 52-room resort is adding new luxury digs to its stable of villas. The six-bedroom, 10,400-square-foot Falcon's Nest Villa is slated to open on April 1.

The villa sits high on the peak of the hill overlooking White Bay Beach. It consists of three separate residences which offer views on a clear day to Norman Island and over to St. Croix in the distance.

The nightly rate for the villa is $8,000.

Scrub for sale

The newest development to hit the BVI, Scrub Island, is set to open this fall. And -- let me tell you -- am I excited!

The Mainsail Development Group is developing a boutique, luxury villa resort, spa and marina community on this tiny 230-acre island which is just a five minute ferry ride from the Beef Island Airport and within spitting distance of Marina Cay.

It's looking like a dandy of a project -- and a recent flyover I took proved that there was indeed development on the go.

Here's a short list of what's being planned:

• Donovan's Reef Restaurant/Welcome Center
• 65 Marina Slips (35ft-150ft)
• 24 hour Concierge Services
• Boardwalk/Retail Shops
• Fine dining/2,000 SF of meeting space
• Hilltop Wine/Cigar Bar
• Astronomy Observatory
• 3 secluded beaches
• 8 Lagoon style, fresh water swimming pools
• Swim-up Pool Bar and Grille
• Spa facility with ocean view cabanas
• Fitness Center/Tennis Courts
• Helipads

If you're looking to buy a lot check out the Coldwell Banker site.

According to the BVI Tourism site, "To continue in the tradition of the island’s peaceful nature, Scrub Island will not exceed more than 200 residents or guests at any given time, even after full development. The primary form of transportation on the island will be golf carts."