[2] For much of its history, the island housed a monastery first constructed in the 12th century.
[3] In 2011, the island was put up for sale while under the ownership of local real estate company Poveglia Ltd.
[2] In 2018, the island was purchased by Australian investment group Mayfair 101 under the leadership of James Mawhinney, who envisioned a luxury resort on the island.
The company disclosed that it paid less than half the €20 million asking price.
[4] The purchase was problematic, however, with the Supreme Court of Victoria finding that the means by which Mawhinney purchased the island through a chain of transactions were of "questionable validity".