Nab a deserted Irish island for $1.4 million

Freshwater lakes, peregrine falcons and a ruined monastery are some of the delights awaiting the buyer of an island off the west coast of Ireland -- as long as they don't mind living in a derelict cottage without running water or electricity.

How to buy a private island

Leonardo DiCaprio, Richard Branson and Shakira each have one -- no, not a major award or trophy, but their very own private island.