A longtime attraction to the world, The Bahamas still is considered a top destination in the region for short term visitors, second home residents and expatriates. One undeniable draw is the beauty of its waters. In fact, global travel site Big 7 Travel recently included the Bahamas in its annual list of “The 50 Best Beaches In The World”. Fortunately, an island chain spread over 100,000 square miles means that waterfront living is not pie in the sky. You can literally get a slice on essentially any island. That’s great news for all lovers of coastal living!
Research shows that a property on the water’s edge is on average worth more than those located inland. This is because such locations remain in demand. For many, waterfront is coveted for the pleasing view it affords. Research shows that for others, living by the water has health benefits, such as access to fresh air with less contaminants and a calming effect for body and mind. For some, living by the water offers more fitness options and recreation such as sunbathing, snorkeling, fishing, boating and water sports. Additionally, by virtue of its premium value, waterfront properties have strong potential for capital appreciation over time.
In many countries, such properties are genuinely few and far between and this exclusivity often requires large sums of money to acquire. There are indeed amazing luxury communities, condominiums, estates, and private home sites with waterfront that command premium prices during purchase. Vacant home sites can range from approximately $1.5 million to $10 million and residences from $2 million to upwards of $50 million. Some of the most desirable properties are found in developments in Nassau include Old Fort Bay, Lyford Cay, Albany, Ocean Club Estates, Harbour Island, and luxury locations in The Exumas and The Abacos. Others are unspoiled private islands. However, with an estimated 2,200 miles of shoreline to share, there is a treasure trove of other opportunities that won’t break the bank too.
Waterfrontage in The Bahamas spans the range of sandy beaches, cliffs and bluffs, rugged shoreline, canals, lakes, ponds and creeks. This variety alone offers options to entertain and multiple prices that should match virtually any budget. Some of the Family Islands feature developed waterfront properties that are available for $500,000 thereabouts and many lots near the coast with ocean views or opposite beachfront lots may be purchased between $25,000 and $100,000 in Andros, Berry Islands, Eleuthera, Exuma, Long Island Cat Island and San Salvador. Several outer islands are desirable because of their remoteness and low density, appealing to the solitude and simplicity of quintessential coastal living from times past. For a more integrated option, homes and upscale condos start at $700,000 in New Providence and Grand Bahama with other modest options available for less, and even lower price points on island jewels such as Bimini. With so many options and an extremely active first half to the year, waterfront buys are walking out the door.
At Better Homes & Gardens Real Estate, we sell luxury but it’s not a price, it’s a lifestyle. Waterfront living can be yours. If you’d like to consider buying or selling a waterfront property, contact us over the phone, online, or visit our new office in One West Plaza, Windsor Field Road.