This 'island' has been up for sale a few times on ebay and never met the reserve.
Note that this is a 'rush, cash only sale'
they claim they have no time to wait for banks that should be a huge red flag
Here's the real price of that island:http://www.privateislandsonline.com/cayo-iguana-nicaragua.htm
Another huge red flag is this guy used to sell scammy weight loss pills where the bulk of his feedack comes from. Then of course there's this:
" Follow-up by swabby-ret (May-03-12 10:45):
YOU SOLD ME A RAT AND ROACH INFESTECONDO ON FOREST CITY RD. YOU ARE A DISGRACE! "
It also claims there are employees there, well you'd better research Nicaraguan laws because you probably have to keep them employed or pay out severence.
You're crazy if you think this is a legit sale and will only cost $127,000.
If you want that cheap (and economic paradise) then look into Ecuador land or North Cyprus