The bid to buy the Ulva Estate on behalf of the island's community was launched about a year ago - and it's been successful.
The estate covers Ulva and some of the isle of Mull, although there are only six residents on Ulva itself.
The group applied for a community right to buy of the estate under the Land Reform (Scotland) Act 2003.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!