COLLECTIONS Volume 3 : 2015 – NEWS AND INFORMATION ON THE GLOBAL REAL ESTATE MARKET
COLLECTIONS is a newsletter offering News and Information on the Global real estate market from Sotheby’s International Realty professionals worldwide. The Global Momentum newsletter has been added to Collections to further showcase the trans-continental accomplishments and tell the unique story of quality growth and invaluable connections worldwide. COLLECTIONS showcases the value of the Sotheby’s International Realty® brand.
This issue of COLLECTIONS shows the worldwide growth of Sotheby’s International Realty, offers Spotlights on Homes as Opportunity Gateways, including two Bahamas properties (Cuckoos Nest a home in Lyford Cay, and Sand Dollar a house in Sandyport), Listings of Distinction, Significant Sales including a home sold in Lyford Cay Bahamas for $9.5 Million, Community & network news, and more including the celebration of Damianos Sotheby’s International Realty’s 70 years of service in the Bahamas real estate market, and 10 years as an affiliate of the Sotheby’s International Realty Brand.
COLLECTIONS Volume 3 2015 Spotlight on Homes as Opportunitiy Gateways features two homes in the Bahamas on pages 4 and 5. The first located in Lyford Cay and the second located in Sandyport.
The Bahamas, comprised of over 3,000 islands and cays, has an established reputation of being the ideal tropical getaway. Gated resort communities, high-end casinos, world-class golf courses and yacht clubs are just a few of the draws of this archipelago in the Atlantic Ocean. Each Bahamian island is different, making the country appealing to home buyers and UHNW individuals from all over the world.
“The Bahamas are located only 60 miles off the coast of Florida. There is no inheritance tax, capital gains tax, corporate tax or income tax in Bahamas,” said George Damianos, president of Damianos Sotheby’s International Realty. “Non- Bahamian investors who purchase residences valued in excess of $500,000 (USD) may apply for a permanent residency certificate in The Bahamas, making investing in Bahamas real estate relatively easy for those looking to purchase primarily as an investment for a permanent residency with tax advantages.” Homes in The Bahamas range from resort-style condominiums to sprawling beachfront estates.
Tropically landscaped, this Colonial-style home in Lyford Cay is nestled on a private acre of land. Spanning over 9,650 square-feet, the home has direct waterfront access to the canal. Concertina doors throughout the home fold back entirely to reveal views of the outdoors, pool, spa and canal.
Located in the popular western community of Sandyport, Sand Dollar is a turnkey home. With an expansive private outdoor deck overlooking the waterway, the home also features a private boat dock suitable for a 35-foot boat. Outside, the property has been landscaped with native Coco Plum hedges and flourishing avocado, banana, lime, lemon and clementine trees.
Lyford Cay Sotheby’s International Realty in Lyford Cay, Bahamas recently completed the sale of a 9,050-square-foot beachfront home for $9.5 million (USD). The property included a four-bedroom, four-and-a-half bathroom main house, detached guest house, two-car garage, oceanfront pool and putting green.
This edition of COLLECTIONS also highlights the longevity of real estate services from Damianos Sotheby’s International Realty who have been in business since 1945 and a Sotheby’s International Realty franchisee since 2005.
DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
Damianos Sotheby’s International Realty is celebrating its 70th year as the premier luxury real estate brokerage servicing the Bahamas. Established as Damianos Realty Co. Ltd. in 1945 by Nicholas G. Damianos, the firm is also celebrating its 10th anniversary as a member of the Sotheby’s International Realty brand. With extensive experience and expertise in the Bahamas real estate market, Damianos Sotheby’s International Realty offers its clients personalized service and a comprehensive support system emphasizing an innovative approach and custom marketing plans.
ABOUT DAMIANOS SOTHEBY’S INTERNATIONAL REALTY:
George Damianos and partner Lana Rademaker own and operate Damianos Sotheby’s International Realty which has a total of 11 offices throughout the Bahamas with five offices in the Abaco’s, including two in Hope Town, one in Marsh Harbour, Treasure Cay, and Guana Cay in addition to its offices in Nassau, Old Fort Bay and Lyford Cay and offices in Eleuthera in Governor’s Harbour and Spanish Wells. The newest office is located in Georgetown, Exuma. Damianos Sotheby’s International Realty head office is located at 75 Shirley Street, Nassau. Tel: 242.322.2305. info.Bahamas@sothebysrealty.com