Discover the allure of the Bahamas with these eight exceptional real estate opportunities that defy the high-cost stereotype. From oceanfront acreage to private islands, these properties offer a slice of paradise without the expected millionaire price tag. This curated list excludes any properties with personal ties to ensure unbiased recommendations. For further details, reach out for broker contacts.
Great Abaco is a yachtsman's dream, boasting numerous uninhabited cays and exceptional fishing spots. A prime 15-acre parcel with 630 feet of oceanfront on the Sea of Abaco is on offer, complete with a beach stretch and a sheltered 20-foot deep anchorage. Comparable one-acre lots in the vicinity fetch around $400,000, hinting at a potential $5 million retail value for this larger tract. Yet, this expansive property is available for just $1.2 million.
The Berry Islands present a rare find: a well-maintained four-bedroom beach house on Sugar Beach, Great Harbour Cay. This property includes two beachfront lots, totaling 185 feet of beach frontage and nearly an acre of land, all for $790,000. The option to sell the additional lot, comparable to others in the market at $300,000, makes this an even more attractive deal.
On Great Harbour Cay, a quarter-acre lot sits just across from a pristine white-sand beach, priced at a mere $45,000. This lot offers ocean and sunset views, rivaling the luxury of an expensive SUV but with the lasting value of real estate.
Cat Island, a tranquil haven with a small population and miles of deserted pink-sand beaches, offers a beachfront lot at $179,900. Although set 150 feet back from the shore, the beach is easily accessible via an undevelopable reserve, ensuring unobstructed access.
Eleuthera, known for its extensive beaches and limited accommodations, features Coral Reef, a two-story duplex with stunning Atlantic views. Each floor houses a two-bedroom, two-bath apartment with modern interiors. Constructing a similar building today would exceed $400,000, not accounting for land costs. This property is on the market for $250,000. For more insights into Eleuthera's real estate, visit Buttonwood Reserve.
In the stylish Fortune Bay community, a four-bedroom canal-front home on a half-acre lot with 120 feet of frontage awaits. While the kitchen and baths require updates, a $100,000 investment could transform this into a million-dollar property. The current asking price is $625,000.
Renaissance East, a gated community in Nassau, offers a new three-bedroom townhouse for an unbelievable $249,000. With 1300 square feet of living space, stainless steel appliances, and granite countertops, the cost per square foot is significantly below the island's construction average of $200 per square foot.
Owning a private island in the Bahamas isn't exclusive to celebrities like David Copperfield. A 3.5-acre island near Harbour Island, Eleuthera, is up for grabs, featuring deep water on three sides and a beach on the fourth. With existing docks and access to the main Eleuthera electricity grid, this private retreat is available for $1.5 million, a fraction of Copperfield's $45 million investment.
While the properties listed above showcase individual bargains, it's essential to understand the broader real estate trends in the Bahamas. According to a 2021 report by Engel & Völkers, the Bahamas real estate market has seen a surge in demand, particularly in the luxury segment, with a notable increase in property values across the islands. This uptick is attributed to the Bahamas' tax-friendly environment, stunning natural beauty, and proximity to the United States.
Despite the overall market growth, savvy investors can still find hidden gems that offer significant value. The key is to look beyond the well-trodden paths and consider properties that may require some renovation or are located on less developed islands.
For those interested in exploring the Bahamian real estate market further, the Bahamas Real Estate Association provides comprehensive listings and resources for buyers and investors.
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