The Eight Best Real Estate Bargains in the Bahamas

By: Matthew Simon
Have you dreamed of owning abeach house in the Bahamasbut 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. Selectionswere based solely on exceptional value. For more information on a property,email me for the name of the relevant broker.

Great Abaco: 15 Acreswith 630 Feet of Oceanfront

?With scores of uninhabitedcays and extraordinary fishing, yachtsmen consider the Abacos to be among theworld’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 shelteredanchorage of 20 feet depth in front of the property. One-acre harbor-front lotsin the area routinely sell for $400,000. The subdivided retail value of this15-acre parcel, therefore, is in the $5 million range. The asking price? $1.2million.

Berry Islands: Four Bedroom Beachfront House

?Before I wrote this article,I would have told you it was impossible to buy a beautifully maintained andlandscaped 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 beachfrontage and almost an acre of land. The price? $790,000. And if that’s toomuch for you, sell off the extra lot. There’s one on the market nearby for$300,000.

Berry Islands: Almost-on-the-Beach Lotfor the Price of an SUV

This quarter-acre lot onGreat Harbour Cay is right across the street from a beautiful white-powderbeach. The sticker price of the lot is $45,000. Ocean and sunset views are includedat no extra charge—a bonus you’re not likely to get with the SUV.

Cat Island: Beachfront Lotat Half the Price

Fifty miles long and with apopulation of 1600, Cat Island is a place for people who want to get away fromthe hustle and bustle of, for example, rural North Dakota. Cat has miles ofdeserted, 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 backfrom 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 andonly a few dozen hotel rooms, Eleuthera is a paradise for beach lovers whoenjoy privacy and unspoiled natural beauty. Coral Reef is a two-story house onan elevated lot directly across the street from the Atlantic Ocean. Each floor consists of a two-bedroom, two-bath apartmentwith a bright, modern interior and an open plan. Coral Reef, which was built in1986, would cost at least $400,000 to build today, not including the price of the land. The asking price for theproperty is $250,000. For more information about Eleuthera and its real estate, click here.

Freeport/Lucaya: Canal-Front Home for Half the Price

Fortune Bay is a stylish canal-front community a few minutes bycar from the shops and restaurants of Port Lucaya. A typical three-bedroomhouse with a pool would sell for $1.2 million. The house I found for you hasfour bedrooms and sits on an oversized half-acre lot with 120 feet of canalfrontage. The kitchen and baths need updating, but the overall condition isexcellent. $100,000 for interior upgrades and a pool would turn this into amillion-dollar house. The asking price??$625,000.

Nassau: NewThree-Bedroom Townhouse for $249,000

I had to put this price inthe headline or no one would believe it. Renaissance East is a small gateddevelopment of a dozen 2 ? story townhouses with a pool. The units have threebedrooms (including a large loft), 2 ? baths, private patios, stainless steelappliances, and granite countertops. Construction on the islands costs upwardsof $200 per foot and these townhouses have 1300 square feet of living space.There are only three units left, so I guess I’m not the only one who can divide$249,000 by 1300.

North Eleuthera: Private Island

Just because DavidCopperfield has a private island in the Bahamas doesn’t mean you can’tafford one, too. Located off the northeast coast of Eleuthera near Harbour IslandHealth Fitness Articles, this 3.5-acre retreat issurrounded on three sides by deep water and on the fourth by a beach. Aconcrete pier and a wooden dock are already in place. Electricity comes fromthe main Eleuthera grid. David Copperfield paid $45 million for his island. Theprice for yours? $1.5 million.

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