Bahamas Blog and NewsNew York Times Article
Published Monday, November 10, 2014 Updated on Monday, November 10, 2014

New York Times Article

House Hunting in the Bahamas

Recently The New York Times displayed an article entitled “House Hunting in the Bahamas” where they featured a 6 bedroom home on Elbow Cay, Abaco. The Bahamas listing agent for this Abaco home is Kerry Sullivan, an experienced estate agent with Damianos Sotheby’s International Realty. Read The New York Times article below.


 New York Times article


"A SIX-BEDROOM COMPOUND ON ELBOW CAY for $2.5 MILLION
A 25-minute ferry ride from Marsh Harbour in the Abaco Islands’ 120-mile-long chain, this recently renovated six-bedroom five-bath home, typically reached by golf cart, is down a gravel driveway through a porte-cochere marked “Point of View.” Facing the calm, turquoise Sea of Abaco and the Atlantic Ocean, the compound, on 0.52 acres, has two beige stucco buildings or “pods” connected by a boardwalk with a gazebo between the two structures, said Kerry Sullivan of Damianos Sotheby’s International Realty.

Up four wooden steps to a wraparound deck, the entry door of the main pod opens onto a hallway with a travertine marble floor that runs through the entertaining spaces on the first level, with wood floors in the loft. Off the hallway to the right is a full bath with access to a bedroom beyond. To the left is a staircase to the upper level. Straight ahead, the kitchen is outfitted with custom raised-panel eucalyptus cabinets, smoky granite countertops, a Viking gas range, Grohe faucets, stainless steel GE Café Series appliances and granite countertops. A breakfast bar is open to the dining and living areas, where the vaulted 25-foot ceiling has tongue-and-groove cypress planking and exposed white beams.

Light streams through a high arched window, and panels of glass stretch across the back wall, with glass side doors opening to the deck. To the left of the dining area is a bedroom with a wrought-iron canopy bed and French doors leading to the deck. The home is being sold furnished

Upstairs, a loft/game room with a Chippendale-style railing overlooks the main living space to one side and, on the other, opens through French doors to a balcony. A bedroom down the hall has a dormer and an arched window with sea views.

From the living room side of the 3,600-square-foot house, the deck leads in boardwalk fashion to a gazebo and the sleeping pod beyond. There, French doors open onto a master suite that has wall-to-wall windows with north and east sea views. Its bath has a single vanity with a granite countertop, an oversize travertine shower and a toilet. A second en-suite bedroom is on the ground level. The ground level of the main pod serves as a cabana and also has a bedroom and full bath.

Staircases from the gazebo and near the dining area lead down to an oval swimming pool surrounded by a wood-plank deck. A lattice pergola provides shade in one corner; in another, an outdoor fireplace can be used for cooking. Beyond a hedge to the east side of the property is a grassy sloped lawn.

A two-minute stroll down the road is a protected cove with a white-sand beach and a community dock with a boat slip. Ten minutes away by golf cart, the picturesque 1700s village of Hope Town has shops, restaurants, a school, churches and a 150-year-old, hand-operated lighthouse. Six-mile-long Elbow Cay, with a number of hotels, is a top boating, fishing and sailing destination.

MARKET OVERVIEW
Homes on Elbow Cay start at $300,000 at the lower end, with prices on the water stretching from more than $1 million to $8 million. Inventory is higher now than during the recession, and sales in the first part of this year were “sluggish,” Ms. Sullivan said. “It is still a buyer’s market,” she said, “but we have already hit bottom and the prices are starting to go up.” Sellers in the luxury market, who typically own other homes, “are people who don’t need to sell” and wait if they do not get their price.

With the recent opening of a new international airport in Marsh Harbour, on Great Abaco Island, new developments on the Out Islands are “gaining momentum,” said Mark Pordes, the chief executive of Pordes Residential, the sales and marketing firm for Schooner Bay, an amenity-laden “harbor village” on Great Abaco with 450 home sites and the Verandah House, a six-unit condominium complex. About 40 cottages, villas and oceanfront estates are complete, with nearly a dozen more under construction. Prices range from $395,000 to $595,000 for condominiums and $439,000 to $4.5 million for houses, with oceanfront homes starting at $1.8 million. “There is more confidence than a year ago. There are sales happening,” Mr. Pordes said. “People are talking about the Bahamas again.”


If you are interested in purchasing real estate in Abaco or anywhere in the Bahamas contact the sales team at Damianos Sotheby's International Realty. We have the experience and the knowledge to get the results. Based on the last 18 months Damianos Sotheby's International Realty has been #1 in Abaco real estate - read that article here.


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View The New York Times article in full on their website 

 

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