The island has a large home facing the Coral Sea with a second house that was built in the late 1800’s, which has had some modernization given to the interior, however, the hand made brickwork and the pathways are in fantastic condition. Browse properties and real estate for sale in Wedge Island (QLD 4710). Wedge island is the largest of the gambier islands situated on entrance to spencer gulf island has airstrip, jetty and lighthouse on southern end lot 99 is a vacant. Search through 2,282 real estate properties for sale in Wedge Island. Island has airstrip, jetty and lighth 35 Properties in Wedge Island from $35,000. This island lease is for 75 years with 54 years to run and is renewable; the lease is the only one on this huge island and covers 300 acres of your own personal wilderness resort to fix up or to add to. Search homes and properties from $199,000 on a Wedge Island map. The majority of private islands for sale in Australia are found on the Queensland coast, close to the Great Barrier Reef. Location: Cape Palmerstone, Queensland Title: Leasehold (20 years) Price: $850,000 Size: 8.7ha “Situated 3km off the coast of Central Queensland. Islands in Australia are rarely offered on a freehold basis; 99-year leaseholds are the general rule Australia “ Foreign Ownership The process of buying property in … Summary. Real estate properties for sale in Wedge Island. Search through 271 flats and townhouses for sale in Wedge Island from $145,000. View the latest listings and find your ideal property on This island is leasehold and in the Whitsunday’s – you just do not get private islands for sale in this fantastic region. Find the best offers for Properties in Wedge Island.