Plans for 'luxury floating island' revealed Work on a prototype of the project, called ORSOS Islands, has already begun. According to Gizmag, an online technology and science magazine, the island should be open to the public by the end of 2013. The island is set to be more than 20-metres wide (66-ft) and 37 metres long (121-ft), with room for up to 12 residents. On its website the floating island is described as "more comfortable than just about any luxury yacht" - facilities would include a Jacuzzi, a large sun deck and accommodation for up to four staff members. The company suggests the floating island is being positioned as a more affordable option to owning or chartering a luxury yacht. It also claims a "high level of environmental friendliness," citing a wind energy system, extensive solar panels and plans to use the coolness of surrounding sea waters for air-conditioning. The founder is Gábor Orsós, an entrepreneur with a background in hospitality and real estate. According to early reports, the cost of your own floating island will start from around 3.6 million euros (£2.91m) for the most basic model. The rates for chartering the island have not yet been released.