Beaches for Days. At 109 miles long, mainland Eleuthera has more beaches than nearly any other island in The Bahamas. The lure of beachfront living, combined with the island’s laidback lifestyle and affordable home prices, is attracting more buyers than ever before.
ELEUTHERA, The Bahamas (October 11, 2019) – When it comes to purchasing a home in The Bahamas, most buyers have one goal in mind: beachfront living. At 109 miles long, mainland Eleuthera offers so many beaches, you could visit a different one every day for a month and still have more to explore.
And with a year-round average temperature of 83 degrees (Fahrenheit), visitors from wintry U.S. locales like Ohio and Kansas are snapping up beachfront acreage while it’s still readily available—and still affordable.
“We’re attracting more educated buyers,” said Angelika Bacchus, an estate agent with Damianos Sotheby’s International Realty in Governors Harbour, the island’s largest settlement. “People are researching Eleuthera online in advance of their visit, so by the time they arrive they have a good idea of what the market offers and where they want to be.”
With tourist traffic on the rise, mainland Eleuthera is high on the radar for savvy investors who recognize the value of owning a second home on one of the island’s endless stretch of beaches.
“Beachfront properties, and villas in general, are in high demand on websites like Airbnb and Home Away,” Bacchus said. “Homes are becoming increasingly wise investments because they offer renters the ultimate in privacy and convenience in an era when group travelling is reaching new heights. Vacation home investments offer owners a healthy income stream while also supporting the local economy.”
While some of the more prestigious waterfront acreage in upscale areas like Windermere Island, Double Bay and Banks Road sell for well over $1M, the average price point for a residential lot in areas like Rainbow Bay and Palmetto Point in Central Eleuthera, Eleuthera Island Shores in Gregory Town and Current in North Eleuthera hover closer to $100,000, with some dipping below $50,000.
“Spanish Wells is becoming a feeder market for Current,” said Joan Braithwaite, also an estate agent with Damianos Sotheby’s International Realty in Governors Harbour. “Like Spanish Wells, Current has beautiful shallow beaches which allow for easy entry into the water, and easier access to dockage and moorings. This is not always the case in other areas on mainland Eleuthera so it’s becoming a real boating community. Plus, it’s just a few minutes’ boat ride from the ferry dock to Spanish Wells, Russell Island and Harbour Island.”
Similar to Spanish Wells, waterfront property in Current is relatively affordable when compared to Harbour Island with homes falling in the range between $300,000 to $600,000. Another similarity between the markets is their laidback vibe. While Harbour Island attracts jetsetters and the luxury resort crowd, mainland Eleuthera, Spanish Wells and Russell Island attract those looking for a more natural vibe.
“While our staple local attractions such as Fish Fry and the Jazz festival are events many Eleutherans look forward to annually, people come to the island for a variety of other reasons,” Bacchus said. “Our unrivaled beaches, our proximity to the U.S. and an increasing number of direct flights from the U.S. are among them. The most distinct attraction, however, remains the island’s striking natural beauty. Eleuthera living is all about the quality of life with the friendly locals and beautiful ocean. It’s where you decompress and can hear your thoughts when the only other sound is the sound of the ocean. Eleuthera has continued to hold on to its understated elegance in nature, though that doesn’t mean that there is a lack of variety. There is just the right amount of nothing to offer everything. ”
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About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 10 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or info @SIRbahamas.com.
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