Located on the small island of Vaavu Thinadhoo  78km south of Ibrahim Nasir International Airport, Plumeria (www.plumeriamaldives.com) boutique guesthouse promises more than affordable luxury. 

With a registered population of only 500, the island is surrounded by sandy beaches and lush barrier reefs, which makes it a favorite spot for recreational fishing, snorkeling and scuba diving. 

The newly opened 4-star boutique guesthouse has 21 rooms, with a restaurant that serves Western, Asian and local cuisines for breakfast, lunch and dinner. There's also an on-site PADI-certified diving school.

Room rates range from 80 to 180 USD (about B2,700-6,100), which covers all three meals and speed-boat transfers to and from the airport. There are also honeymoon, family and diving packages. Resorts are most expensive during the peak season between December-April, so get booking now.