Kosrae Nautilus Resort

Would you trade about fifty dollars for a life of leisure on a faraway tropical island?  If so, this offer might be right up your alley — and although it almost sounds too good to be true, it seems to be legit.

Doug and Sally Beitz, ex of Australia, are selling raffle tickets at $49 a pop.  If you buy one, and your number comes up, then you will be the new owner of their fully functioning resort on a tropical island in Micronesia.  That’s about it.  Instead of a traditional sale, the Beitzes, who are the current owners of the Kosrae Nautilus Resort, decided to use a more non-traditional method of cutting themselves loose from their business:  namely, a lottery.


The 16-room resort is located on the tropical island of Kosrae in the Federated States of Micronesia, and is fully furnished with a restaurant, swimming pool and scuba diving operation.

According to a media release, the resort is “debt-free, highly-rated, and staffed by 16 long-term employees.”  The Beitzes say the winner can be hands on with operations if they like, but they don’t really have to be, because the resort is pretty much self-sustaining.

“We are confident if the winner is able to listen and watch what is going on, and not make big changes overnight, the staff will continue to do 95 percent of the work, with the new owner watching and making decisions based on my initial training and daily help from the staff,” Doug Beitz says.

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When the Beitzes, who are originally from Australia, started the Kosrae Nautilus Resort more than 21 years ago, they wanted to get away from the rat race of their day jobs and embark on a new adventure.

“It seemed like the perfect antidote to the mind-numbing monotony of 9-to-5 life,” they wrote on their website.  But after more than twenty years of operating the resort, the Beitzes want to return to Australia and reunite with family.

“We’ve had our time in the sun and enjoyed a career most people would never even dare dream about, but our current goal now is to become professional grandparents,” Doug said.  “We feel like a new chapter in our lives is beginning, and we’re ready to pass the baton to someone else.”

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There is a caveat, though.  The raffle website indicates that the resort won’t be given away unless at least 50,000 tickets are purchased. Otherwise, the holder of the winning ticket will be given half of the money raised, and the Beitzes will keep the resort and the other half of the money.

There are a few other considerations, as well.  Quoth the website:  If you win and you are not a citizen of the Federated States of Micronesia, you will need to apply for a Foreign Investment Permit in the state of Kosrae. Once you receive the permit, the shares of the resort are transferred to you. To apply for the permit you will need to obtain a police clearance and a medical clearance from your country of residence. These are the two main prerequisites for obtaining the permit. After receiving the permit, you are then able to receive immigration status for yourself and your dependents to live in Kosrae and operate the business. Click here to view the Kosrae State government’s foreign investment information page.

The winning ticket will be drawn on Tuesday July 26.  If you’re interested, head over this way.

Love, Dr. Scott James
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