With 6 bedrooms fit for 12 residents and four staff, The Osros floating island comes with a $4.7 million price tag.

“In the beginning, my goal was to create an exclusive, high-quality hotel chain based on floating platforms. With the progress of the project it became clear that the attractive and unusual concept of Orsos Islands should not be limited to only a selected group of people. Orsos Islands should reach a much broader audience, people with an awareness of modern life and a feeling of responsibility towards the environment.”

The Austrian company began construction of the prototype in Germany and Hungary. The company’s goal is to show the structure to the public by the end of 2013.