When you think of the Bahamas do you think of luxury beachfront hotels casinos and colossal resorts

When you think of the Bahamas do you think of luxury beachfront hotels casinos and colossal resorts like Atlantis philadelphia hotel guide on Paradise Island? If so you can be forgiven for thinking that only the very wealthy can afford an oceanfront home in the Bahamas. In fact the islands of the Bahamas have real estate bargains that will surprise and enchant you. Especially now with the real estate market soft and sellers getting nervous you can find a bargain that will put you on the beach.
philadelphia hotel guide How to find a great deal from among the thousands of listings available? Easy: Ive done that for you. In order to maintain my objectivity I have not included any properties in which I have a personal interest. Nor can I earn a commission or any other kind of fee from properties mentioned in this article. philadelphia hotel guide Selections were based solely on exceptional value for the buyer. If you would like more information about any of these properties contact me and Ill give you the name of the real estate agent handling it.
Abaco is known as the sailing capital of the Bahamas. With scores of uninhabited philadelphia hotel guide cays and extraordinary fishing yachtsmen consider the Abacos to be among the worlds finest cruising grounds. A few miles north of Treasure Cay a private seller is offering 15 acres of land with 630 feet of oceanfront on the Sea of Abaco. The parcel has elevations to 65 feet. A portion of the oceanfront is beach and more could be converted to beach without difficulty. For all of you yachtsmen there is sheltered anchorage of 20 feet depth in front of the property. Harborfront philadelphia hotel guide lots at nearby Green Turtle Cay and Guana Cay routinely sell for 400000 an acre. The subdivided retail value of this 15acre parcel therefore is in the 5 million range. And the asking price? 1.2 million.
Before I wrote this article I would have told you it was impossible to buy a beautifully maintained and landscaped fourbedroom house right on a secluded beach for under 1 million. Not only do I stand corrected I stand doublecorrected. 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. Use the extra lot for a guest house or a pool. Great Harbour philadelphia hotel guide Cay has a superb harbor with a marina plus a ninehole golf course for us landlubbers. The price of this fully furnished beach house? 790000. And if thats too much for you sell off the extra lot. Theres one on the market nearby for 300000.
This quarteracre lot on Great Harbour Cay is right across the street from a beautiful whitepowder beach. On the west it borders a salt water creek so you can get your feet wet without leaving your property. Electricity is available at the site and a well could be dug for water. philadelphia hotel guide The sticker price of the lot is 45000. Ocean and sunset views are included at no extra chargea bonus youre not likely to get with the SUV.
Fifty miles long and with a population of 1600 you can almost hear your echoing footfalls on Cat Island. This is a place for people who want to get away from the hustle and bustle of for example rural North Dakota. Cat Island has miles of deserted pinksand beaches and you can buy 100 feet on one of them for 179900. How is this possible with beachfront in the Out Islands routinely selling philadelphia hotel guide for two to three times that amount? This quarteracre lot is actually 150 feet back from the sea but the parcel in front is a reserve that can never be developed. The owner of the lot can landscape the reserve trim its trees and best of all walk right across it to the beach. Just dont try to build on it. The lot has 30 elevations so a house could have expansive ocean views. And when youre deciding philadelphia hotel guide what to do with the 170000 you saved dont forget the guy who gave you the tip.
The island of Eleuthera is 110 miles long with a population of just 8000. With sixty miles of beaches philadelphia hotel guide and a few dozen hotel rooms Eleuthera is a paradise for beach lovers who enjoy privacy and unspoiled natural beauty. Located in Eleutheras Rainbow Bay community Coral Reef is a twostory house on an elevated lot which looks out over the Atlantic Ocean. Each floor consists of a twobedroom twobath apartment with a bright modern interior and an open plan. The units are fully furnished. A separate structure to the rear houses a double garage. Coral Reef is solidly built of concrete block and stucco and painted an orangey shade of yellow which isnt my favoritebut then again no one comes to me for decorating advice. Coral Reef sits on the landward side of Ocean Drive about 300 feet from the Atlantic. Theres a beach almost directly across the street from ittwo lots to the right actually about 500 feet from the front door. In theory the lot which is directly across the street from Coral Reef could be built upon partially blocking the view of the Atlantic. In fact however because of salt spray and other problems the lots on the ocean side of the street are essentially unbuildable and your view is safe. Coral Reef which was built in 1986 would cost at least 400000 to build today not including the price of the land. The asking philadelphia hotel guide price for the property is 250000. If its still available when you read this dont waste anymore timetake out your checkbook and make a deposit.
Fortune Bay is a stylish canalfront community on the southern coast of Grand Bahama just a few minutes by car from the shops and restaurants of Port Lucaya. As noted in my book How to Buy and Sell Real Estate in the Bahamas A typical threebedroom threebath house with a pool on onethird of an acre in Fortune Bay would sell for 1.2 million. The house I found for you has four bedrooms and two baths and sits on an oversized halfacre lot with 120 feet of canal frontage. The large back yard has plenty of space for a pool. The kitchen could use updating but the overall condition of the house is excellent. An investment of 100000 for interior upgrades and a pool would turn this into a milliondollar house. The asking price from the motivated sellers? 625000.
This spectacular threestory house on West Bay Street sits on a cliff facing the ocean. Designed by a noted architect it has 4000 square feet of living space. Features include a den which could serve as a fifth bedroom a formal dining room a breakfast nook multiple balconies philadelphia hotel guide and patios and a private yard with a pool. The house comes fullyand very tastefullyfurnished. A comparable house is listed nearby for 1295000. This one is on the marketbriefly no doubtfor 995000.
Sandyport is a gated community philadelphia hotel guide on the edge of Cable Beach close to the hotels and casinos along that strip. Sandyport has 500 homes seven pools five tennis courts four restaurants three beaches and a partridge in a pear tree. It also has its own shopping center the Olde Towne Mall. The lot Im recommending has both canal frontage and beach frontage and comes with a dock. It is unusual to see any Sandyport canal front lot offered for under 500000 never mind one with beach frontage. At 450000 philadelphia hotel guide this lot is a rare findeven philadelphia hotel guide without the pear tree.
New Providences Eastern Road runs from the city of Nassau east along the coast. It is home to many fine oceanfront residences most priced between one and two million. I found one for you for under 500000. This threebedroom threebath townhouse has two stories plus a loft for a total of 1581 square feet of living space. The attractive modern layout features soaring ceilings floors of tile and wood and a wall of sliding glass doors facing the sea. Outside space includes a large balcony and a patio both with an ocean view. Built in 1999 the townhouse philadelphia hotel guide is located in a gated community with a pool and a small private beach. The price: 439000. You wont find a better bargain on an oceanfront townhouse in Nassau.
For this bargain I had to put the price in the headline or no one would believe it. Renaissance East is a small gated development of a dozen twoandahalf story townhouses with a pool. The Victorianinspired design is very pleasing to the eye. The units have three bedrooms including a large loft two and a half baths and 1300 square feet of living space. Amenities include private patios stainless steel appliances and granite countertops. Given that construction on the islands costs upwards of 200 per foot you would be hardpressed to find a better deal. There are only three units left so I guess Im not the only one who can divide 249000 by 1300.
Just because David Copperfield has a private island in the Bahamas philadelphia hotel guide doesnt mean you cant afford philadelphia hotel guide one too. Located off the northeast coast of Eleuthera philadelphia hotel guide near Harbour Island this 3.5acre 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. The threebedroom house is in need of extensive renovation so set aside a couple hundred thousand to personalize your space. Even so David Copperfield paid 45 million for his island. The price for yours? 1.5 million.
Someone is going to notice this so I might as well come and admit it: that was eleven bargains not ten. I tried to choose one to cut but was paralyzed by indecision. The quickest way to shorten the list I decided is to publish it. You can decide which property should get off the list and into the sold column first.
About the writer: Matthew Simon is an author and real estate developer. He is currently developing oceanfront condominiums on the island of Eleuthera www.ButtonwoodReserve.com. His latest book is How to Buy and Sell Real Estate in the Bahamas: Insider s Guide www.HowToBuyRealEstateBahamas.com. Matthew may be reached through either website.