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Got $250 to spend this summer? Rent an island.

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Spectacle Island, a five-acre island off the coast of Maine, has been in A.J. Longmaid's family for 30 years; he began renting it out last summer to keep up with maintenance costs. (Photo courtesy of Private Island)

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Spectacle Island, a five-acre island off the coast of Maine, has been in A.J. Longmaid's family for 30 years; he began renting it out last summer to keep up with maintenance costs. (Photo courtesy of Private Island)

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Necker Island is a 74-acre Caribbean island owned by Virgin Airlines chief Richard Branson that rents out for an impressive starting sum of $322,000 per week. (Photo courtesy of Private Island)

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Visitors can kayak while staying on Sand Island's Refuge, a 32-acre private island available for rent off the coast of North Carolina. (Photo courtesy of Judy Redfern)

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As summer vacation nears, islands that rent by the week are becoming increasingly popular--and economical.


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