There are some beach huts about 1/2 mile down the seafront towards Ryde about the size of 2 sentry boxes; I was amused to see one of them for sale a couple of years back for £8000

It now seems that it would have been an absolute bargain if anyone with money that's irritating them in their bank account buys any of these.
I shall watch with interest; however, as I have said, nothing would surprise me on the Isle of Wight; I could show you properties that have been built that must have cost millions

There are people with VERY serious money to spend on the IoW

I saw a very large and exotic motor cruiser that must have cost well in excess of £100 million at anchor off Bembridge for some time and the ship to shore radio traffic was in Russian ! (an 'oilygarch ?)