Actor bought Blackadore Caye , an unpopulated , private 104-acre Belizean island , in 2005 for $ 1.75 million . He announced Friday he is now building a luxury eco-resort there to open in 2018 . The resort will have villas over the water , artificial reefs with 'fish shelters ' and a nursery growing marine grass . DiCaprio plans to rehabilitate the area , which has been over-fished and suffers from sand erosion . He is working with the NYC developers Delos to build 48 resort villas and 68 private house . They will cost between $ 5 million and $ 15 million each .
Actor bought Blackadore Caye , an unpopulated , private 104-acre Belizean island , in 2005 for $ 1.75 million . He announced Friday he is now building a luxury eco-resort there to open in 2018 . The resort will have villas over the water , artificial reefs with 'fish shelters ' and a nursery growing marine grass . DiCaprio plans to rehabilitate the area , which has been over-fished and suffers from sand erosion . He is working with the NYC developers Delos to build 68 resort villas and 48 private house . They will cost between $ 5 million and $ 15 million each .