The Wall Street Journal posted a story on the private Caribbean island owned by timber magnate, Tim Blixeth. As it turns out, Blixeth is willing to part with the 5-acre Turks & Caicos island paradise for $75 million. The unique twist is that he has offered to trade the island property for another valuable hard asset— possibly a Gulfstream jet, or maybe even a New York apartment.

Make no mistake—caressed by the turquoise waters of the Caribbean—the island is truly a tropical paradise. Here, one will find a 30,000-square-foot residence with nine bedrooms, a guesthouse, several docks, a manmade beach and even a retractable bridge that links the private island to the mainland.

Check out the story in the Wall Street Journal’s real estate section.

—Robert Burke