Castaway Cay Castaway Cay is located somewhere within The Bahamas and lies on the Atlantic Ocean. They used to call it Gorda Cay until Walt Disney paid a lease on the island until 2096 and they pretty much do whatever they want with it. The island is like 1000 acres and only 5% of that is being utilized and developed at the moment but still, it is one of the places to visit in The Bahamas. Hollywood movies were shot in this location like Splash and Pirates of the Caribbean – Curse of the Black Pearl. This is one of the reasons why Castaway Cay is very popular.