22 Overwater Bungalows That Offer Paradise Without the Price Tag

13. Cocoa Island by COMO (Maldives): Understated Luxury, Strategic Value

While still a luxury experience, Cocoa Island often offers a more understated and intimate alternative to the flashier Maldivian resorts, sometimes at a surprisingly competitive price point, especially during shoulder seasons. Its unique Dhoni boat-inspired villas provide elegant, minimalist design with direct ocean access. The focus here is on holistic wellness, exquisite dining, and world-class diving on its vibrant house reef, rather than sprawling facilities. It's a prime example of where discerning travelers can find genuine Maldivian luxury and exceptional service without the absolute top-tier price tag of some larger brands.