A $50 million private island that's a 10-minute boat ride off the coast of Florida just hit the market. Take a look.

• A 7-acre private island off Florida's coast is on sale for $50 million.
• Black's Island has a private resort with 26 waterfront bungalows.
• The owner is open to selling the entire island or some of the bungalows, starting at $1.5 million.

If owning a private island is a personal dream for you, you're in luck — a 7-acre private island located just 3 miles off the coast of Florida just hit the market and could be all yours for $50 million.