The Eight Best Real Estate Bargains in the Bahamas
Posted by MyChoices on 08/14/08 in Uncategorized
An experienced real estate investor active in the Bahamas scours the listings for the best deals.
Have you dreamed of owning a
beach house in the Bahamas
but assumed only a mogul could afford one?
If so, the bargains below will show you otherwise. In order to maintain objectivity,
I have not included any properties in which I have a personal interest. Selections
were based solely on exceptional value. For more information on a property,
email me for the name of the relevant broker.
Great Abaco: 15 Acres
with 630 Feet of Oceanfront
With scores of uninhabited
cays and extraordinary fishing, yachtsmen consider the Abacos to be among the
world’s finest cruising grounds. This parcel has 630 feet of oceanfront on the Sea of Abaco,
including a stretch of beach. For all of you yachtsmen, there is sheltered
anchorage of 20 feet depth in front of the property. One-acre harbor-front lots
in the area routinely sell for $400,000. The subdivided retail value of this
15-acre parcel, therefore, is in the $5 million range. The asking price? $1.2
million.
Berry Islands: Four Bedroom Beachfront House
Before I wrote this article,
I would have told you it was impossible to buy a beautifully maintained and
landscaped four-bedroom house right on a secluded beach for under $1 million.
Not only do I stand corrected, I stand double-corrected. This house on Sugar Beach,
Great Harbour Cay, comes with two beachfront lots, for a total of 185′ of beach
frontage and almost an acre of land. The price? $790,000. And if that’s too
much for you, sell off the extra lot. There’s one on the market nearby for
$300,000.
Berry Islands: Almost-on-the-Beach Lot
for the Price of an SUV
This quarter-acre lot on
Great Harbour Cay is right across the street from a beautiful white-powder
beach. The sticker price of the lot is $45,000. Ocean and sunset views are included
at no extra charge?a bonus you’re not likely to get with the SUV.
Cat Island: Beachfront Lot
at Half the Price
Fifty miles long and with a
population of 1600, Cat Island is a place for people who want to get away from
the hustle and bustle of, for example, rural North Dakota. Cat has miles of
deserted, pink-sand beaches, and you can buy 100 feet on one of them for
$179,900. How is that possible? This quarter-acre lot is actually 150 feet back
from the sea, but the parcel in front is a reserve that can never be developed.
Walk right across it to the beach.
Eleuthera: Four Bedroom Duplex Overlooking the Atlantic
With sixty miles of beaches and
only a few dozen hotel rooms, Eleuthera is a paradise for beach lovers who
enjoy privacy and unspoiled natural beauty. Coral Reef is a two-story house on
an elevated lot directly across the street from the Atlantic
Ocean. Each floor consists of a two-bedroom, two-bath apartment
with a bright, modern interior and an open plan. Coral Reef, which was built in
1986, would cost at least $400,000 to build today, not including the price of the land. The asking price for the
property is $250,000. For more information about Eleuthera and its real estate, click , this 3.5-acre retreat is
surrounded on three sides by deep water and on the fourth by a beach. A
concrete pier and a wooden dock are already in place. Electricity comes from
the main Eleuthera grid. David Copperfield paid $45 million for his island. The
price for yours? $1.5 million.
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