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#2 Isla Tagomago—$176,000 per week
Considered to be the best private island for hire in the Balearics and visited by various and numerous celebrities (think Justin Bieber, Liz Hurley), Isla Tagomago is located 900 meters off the east coast of Ibiza, which is in Spain. It is a quiet spot, well away from the bustling Ibiza nightlife. The island exudes privacy, and while it is removed from the thumping clubs and raucous partygoers, it is only five minutes away (literally!) from that magnetic party scene (if you are into that kind of thing). It is also very close to the Ibiza airport hub, making it easily accessible. Isla Tagomago has been available to rent since 2008, going for $176,000 per week. Visitors can enjoy a range of activities including various watersports, trekking, and birdwatching. The island boasts an area of 1,525 meters long and 113 meters wide, idyllic beaches overlooking turquoise waters, as well as a private jetty and mooring. There is a port and a lighthouse. It is owned by German businessman Matthias Kühn, ex-partner of the artist Norma Duval.