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An Oak Island home, situated on Long Island\u2019s southern shore near Fire Island, won\u2019t come with electricity, trash collection, or emergency services. And it\u2019s only accessible by boat.\u00a0<\/p>\n
It\u2019s on sale<\/a> for $500,000.<\/p>\n Yes, the area offers beautiful ocean views and the chance to rough it on a quiet island oasis just 50 miles from Times Square. Oak Island life is for those with \u201ca very hearty soul,\u201d a resident told<\/a> The New York Times in 2021, and rewards people who don\u2019t mind doing almost everything on their own.\u00a0<\/p>\n But there\u2019s not a single store, restaurant, or postal services, the New York Times reported<\/a>. Residents rely on solar panels, battery-powered pumps, and propane-fed gas lamps\u2014and notably, it\u2019s illegal to live there the whole year. Its 14,000-plus residents<\/a> return to their waterfront properties seasonally during the summer months.<\/p>\n The listed<\/a> house\u2014a four bedroom, two bathroom with 1,950 square feet\u2014was built in 1904 and comes with a small cottage towards the back of the property, a fireplace, and a private waterfront dock. It offers about an acre of land and has \u201cno damages from Hurricane Sandy,\u201d according to the property listing, which was one of the costliest storms<\/a> in U.S. history.<\/p>\n According to Redfin, the average house<\/a> in Long Island sells for about $645,000, up more than 12% since last year\u2014and it\u2019s much in line with rising home prices<\/a> that people are facing all over the country.\u00a0<\/p>\n The growing unaffordable housing crisis has been pushing some people to try alternatives, like moving off the grid, which is now a $2.27 billion market poised to reach $4.5 billion by 2030, according to a SkyQuest report<\/a>. More expensive housing means demand for tiny or off-the-grid housing is \u201clikely to rise significantly over the next five years,\u201d according to SkyQuest, and that younger people who can\u2019t afford home prices and retired people who struggle to maximize their savings will be the main drivers of its growth.\u00a0<\/p>\n<\/div>\nSubscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. Sign up<\/a> for free.<\/div>\n<\/div>\n