Browsing Tag

Moving to The Bahamas

Damianos Sotheby's International Realty, Sotheby's International Realty

Damianos Sotheby’s International Realty Reports Robust 2018 Residential Real Estate Market

Resort-Style Living. According to Damianos Sotheby’s International Realty, the demand for luxury resort-style properties such as those found on Kamalame Cay (above) saw a significant surge in 2018.

 

Nassau, The Bahamas (Jan. 21, 2019) — According to Damianos Sotheby’s International Realty, 2018 was another healthy year for luxury residential real estate sales with the company’s list price averaging $1.55 million and sales prices averaging $1.4 million.

“Overall, 2018 was a strong year for sales with a slight increase over the 2017 performance,” said Lana Rademaker, Chief Brokerage Officer for the company, noting that there has been a significant increase in demand for homes in the Family Islands. “Markets like Hope Town, Harbour Island, Kamalame Cay, Treasure Cay and Spanish Wells are ideal entry markets into The Bahamas. People come down for holidays and end up returning as buyers.”

Rademaker added that the uptick in visitors and buyers in both Nassau and the Family Island markets can be partially credited to the increased number of direct flights into these markets from the U.S. and Canada. Major carriers such as American Airlines, Air Canada, JetBlue and Delta offer daily flights to The Bahamas and recently announced direct flights from Chicago and Houston to Nassau will offer even more opportunities for easy access to The Bahamas.

“The enviable lifestyle of The Bahamas has always been a major attractor to buyers in addition to the fact that we’re an English-speaking country with a stable economy,” Rademaker said. “And now with even more direct flights to our islands, people are able to get here more conveniently and frequently, making our country a strong choice for those who want to own a vacation home just one flight away.”

Another factor is the growing demand for unique resort-style residential properties such as those found on Kamalame Cay, which is about a 20-minute flight from Nassau.

“We are constantly striving to stay ahead of market trends and seek out distinctive opportunities for our clients,” Rademaker said. “I am proud to announce that one of our top agents, Vanessa Ansell, participated in seven transactions on Kamalame Cay this past year, making it one of the most active periods in the history of the luxury resort. Through her strategic marketing and carefully cultivated relationships, Vanessa has positioned herself as the go-to real estate advisor for Kamalame Cay.”

To further accommodate and more fully service this ever-increasing market activity, Damianos Sotheby’s International Realty expanded their sales team with the addition of two new agents in 2018. In December, the company also opened a new office location on Harbour Island next to the popular Piggly Wiggly food store on King Street, the island’s main thoroughfare.

“Nurturing ongoing client relationships is our number one priority as a company,” Rademaker said. “The more visible we are in the markets we serve, and the more knowledgeable our agents are, the more value we can provide to people whether they are current, past or future clients.”

The company’s ongoing mission to continually seek out ways to better serve their clients was further augmented when the firm hosted a four-day NINJA Selling Conference for their entire company at the Grand Hyatt Convention Center at the Baha Mar Resort in October 2018.

“The conference was an incredible experience,” Rademaker said. “Our entire company gathered together for four days to focus on expanding our knowledge and skills as real estate professionals. Designed to help agents capitalize on their strengths, conquer their goals and transform their business, the content of the NINJA Selling Conference aligned perfectly with our company’s culture.”

New developments like BahaMar, GoldWynn, the Pointe and the soon-to-be redeveloped Hurricane Hole on Paradise Island are also providing exciting new opportunities for buyers in the country’s capital.

“The great thing about The Bahamas is that we’re constantly growing and progressing as a country,” Rademaker said. “There is always new and fresh inventory to explore, which makes it a very exciting market to live in, work in and invest in.”

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.

 

About Sotheby’s International Realty

 The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 970 offices in 72 countries and territories worldwide.  Each office is independently owned and operated.

January 17, 2019 by
Damianos Sotheby

Moving to The Bahamas: Homes for Sale Around the Islands

Moving to The Bahamas. From its tax-neutral, business-friendly environment to the breathtaking beauty of its 700 islands and cays, The Bahamas attracts people from all over the world who move to The Bahamas to find the perfect home to fit their dream lifestyle. Whether it’s traditional-style Bahamian bungalows like Plantation Beach (pictured above) in Hope Town, Elbow Cay, or luxurious penthouses and estates, The Bahamas offers homes and lifestyles to match every taste.

For the better part of a century, people have been moving to The Bahamas from as nearby as Florida to as far away as South Africa and Asia. While some point to the country’s year-round temperate climate as motivation for relocating, others cite The Bahamas’ tax-neutral environment. Either way, what everyone agrees on is the allure of the Bahamian lifestyle, and the residences that reflect that lifestyle. From charming and historic bungalows to modern penthouses with panoramic views, The Bahamas real estate market offers something to suit everyone’s lifestyle. Below are some examples of the range of homes you’ll find for sale around The Bahamas.

Nassau

Paradise Island & East Nassau

  • Villa Florentine: Located in Ocean Club Estates, Villa Florentine is a grand estate reflecting today’s demand for worldly luxury, while maintaining the ambience of comfortable Caribbean living. With a 14,000-sq.-ft. main house and a 10,000-sq.-ft. guest villa, the property offers 12 bedrooms, extensive indoor and outdoor entertaining spaces, manicured tropical gardens and 175 feet of bulk-headed canal frontage with docks and boatlifts.
  • Full Moon Estate: This oceanfront home sits on the picturesque northern coast of east Nassau on a 68,000 sq. ft. lot with 220 feet of waterfront. Located opposite Brigadoon the main home measures 8,665 sq. ft. and the cottage 2,690 sq. ft.
  • 24 Island Drive, Port New Providence: Located on the Eastern end of the island, in the exclusive gated community of Port New Providence, this stunning canal front home is a dream offering for a family who enjoys spending time on the water. Commanding 141.67 square foot of canal frontage, the idyllic property features a 35-foot boat dock which can accommodate a vessel of up to 60 feet, with a boat lift which can accommodate up to 16,000 pounds.

Albany

  • Belle Brisé: Belle Brisé, a spacious 10,000-square-foot residential retreat, looks out over Albany‘s 18-hole championship golf course, site of the PGA’s Hero World Challenge. There are three bedrooms on the ground floor and four bedrooms on the second floor, including the master suite which features a large private balcony, walk-in closet and bathroom with soaking tub and double shower.
  • Tee Time: This luxury turnkey house is situated on approx. ½ of an acre and combines over 10,000 square feet of useable space with 7,199 under roof. The layout is well planned with great lateral entertaining space connecting 3 reception rooms and kitchen orientated to the swimming pool, landscape gardens and golf course beyond. Additionally, on the ground floor is a separate office, laundry room, 3 Bedrooms all with en-suites and walk-in closets and galley-style bar within the rear hallway between 2 of the bedrooms.

Abaco

  • Sandalwood Estate, Hope Town: Sandalwood is a breathtaking sea to sea estate sitting on 1.45 acres of land. The two-storey, 2,800 Sq. ft. main house sits up on a hill and boasts 80 ft. of perfect beach frontage. The main house utilizes 3,000 sq. ft. of wrap around deck to provide 360-degree views of both the ocean and Bay of Abaco.
  • Island Wings: Island Wings is a private 3.38-acre estate with 173 linear feet of waterfront on the Sea of Abaco. Smartly positioned to maximize the outstanding views of Tahiti Beach and Tilloo Cut. The residence has three bedrooms and three baths and two of the bedroom are en suite. The home is fully furnished and completely tiled and cypress tongue and groove walls.
  • Prana: Stretching from sea to sea on approximately 3 acres of pristine white sand beach on the northern end of Man-O-War Cay, this expansive estate with 6 bedrooms, 5 full bathrooms and 2 partial baths, features custom woodwork throughout from vaulted tongue-and-groove ceilings to high-end wood finishes.

Eleuthera

Harbour Island

  • Estate at Dunmore Beach Club: Located on Harbour Island’s famous Pink Sand Beach, this 6-bedroom, 7-bathroom estate is an idyllic tropical retreat situated in one of the Bahamas’ most coveted locations. As one of only 5 homes located in a private enclave on the grounds of the exclusive Dunmore Beach Club, this Dunmore Estate recalls the traditional colonial architecture of a bygone era and offers more than 6,000 sq. ft. of living space.
  • Rosebud Cottage: This famed 1½-story, three-bedroom cottage features an open-plan living room leading to an outdoor dining area allowing for maximum fresh airflow, and a fully equipped and modernized kitchen. To the rear of the property is an outdoor courtyard and dining space that comfortably seats six with additional space for outdoor entertaining located under a covered patio. Abaco Pine Hardwood flooring and tongue and groove ceilings enhance the cottage’s airy Caribbean feel, and all bedrooms are elegantly decorated in the fresh island, colonial style.

Spanish Wells

  • Tranquility Beachfront Cottage: A recently refurbished 2 bed/2 bath cottage sitting just steps off the beach, Tranquility is located on the North Side Beach of Spanish Wells. The 1,750-sq.-ft. cottage is situated on approximately 62,000 sq. ft. of property with 115 ft of beach frontage. This property extends 690 ft from the road to the beach.
  • Hidden Haven: Custom built in 2010 by Higgs Construction, this 3-bedroom, 2-bathroom island home is unlike anything else on the island of Spanish Wells. Sold entirely furnished and extremely well maintained, the property is completely move-in ready, and comes with the incredible added bonus of a Robalo 2520 center console T-top boat with twin 225 Mercury Off Shore outboards, and a four seater EZ-GO gasoline golf cart included in the price.

About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 950 offices in 69 countries and territories worldwide. Each office is independently owned and operated.

About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 11 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2035 or info.Bahamas@SIR.com.

August 7, 2018 by
Damianos Realty

Top 10 Reasons for Moving to The Bahamas

The Benefits of Moving to Nassau, Bahamas. There are a lot of reasons for moving to Nassau, Bahamas, but perhaps the biggest benefit is the country’s tax neutrality.

  1. Close to key North, Central and South American financial centres.
  2. The world’s largest economy is only 50 miles away.
  3. The Bahamas share time zone (EST) with Miami, New York and Toronto.
  4. Peaceful and stable democracy for almost 300 years.
  5. Independent nation since 1973.
  6. Life is less taxing for those who choose to live here. No personal of corporate income taxes and no taxes on capital gains, no inheritance tax, dividends or interest.
  7. Numerous Acts of Parliament offer ease of purchasing property with investment incentives and Permanent Residency.
  8. English-speaking, trained workforce.
  9. The ease of getting here with frequent daily U.S. Canada, London and several direct International flights.
  10. An ideal climate and lifestyle with modern infrastructure and world-class communications.

Get more information on the costs involved when purchasing real estate in The Bahamas.

About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 950 offices in 69 countries and territories worldwide. Each office is independently owned and operated.

About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 11 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2035 or info.Bahamas@SIR.com.

May 29, 2018 by