Cryptic crossword clue
Island in kingdom – it’s not a resort for dreamers! 7

The most common and most likely answer to this crossword clue is the 7 letter word REALISM

I've seen this crossword clue in Financial Times
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Buddy explains!

The straight part
We know that "it’s not a resort for dreamers" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it’s not a resort for dreamers = realism.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does REALISM mean?

REALISM noun
  1. A concern for fact or reality and rejection of the impractical and visionary.
  2. An artistic representation of reality as it is.
  3. The viewpoint that an external reality exists independent of observation.
  4. A doctrine that universals are real—they exist and are distinct from the particulars that instantiate them.

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