Location:
66 Ocean Club Estates, Paradise Island, BS
Price:
Listed at $8,200,000
Contact Information:
David Andrade, Phone: (954) 326 8953
Investment Overview:
This unique asset offers not only a prestigious real estate investment property or home, but an investment opportunity unique in the world. Located in the British Protectorate, the Bahamas’, it is a property with advantages for the discerning buyer.
This very private, custom-built residence is designed to take advantage of the lovely views of the sea and golf course and the water front location affords 65 feet of dock space for yachts and powerboats. Placed in prestigious Ocean Club Estates on fabulous Paradise Island, this magnificent British Colonial-style home boasts 175 feet of frontage on the turquoise waters of the Ocean Club waterway. A classically-styled swimming pool with spacious limestone deck, brick paver drive and three-car garage complete the exterior amenities. The grounds are gracefully landscaped with tropical coconut palms and colorful native foliage.
The elegant 8,370 square foot home offers sumptuous living areas with soaring ceilings, crown moldings and hardwood and cool marble flooring. The residence is built with tropical living in mind featuring Marvin hurricane impact-resistant windows, enclosed gardens and all the amenities one expects of a community of the caliber of The Ocean Club. Double French doors lead to the outside spaces and pool on the first floor and the upper level French doors open on to the covered balcony taking advantage of the views and ocean breezes. The large gourmet kitchen is a cook’s delight, featuring spacious prep areas for preparing meals for social and family gatherings, state-of-the-art stainless appliances and more. With five bedrooms and four and one-half baths, delightful staff quarters and pool house, this is the perfect home in which to gather with family and friends and enjoy the easy life!
The internationally exclusive residents of the Ocean Club Estates enjoy beaches, a world-class Tom Weiskopf golf course, Club House, the future Beach Club with pool and tennis courts on famous Cabbage Beach, the use of the facilities at the One & Only Ocean Club and the Atlantis Resort as well as 24-hour security.
Real Estate Investment in Paradise Island, Bahamas
The Bahamas has no income tax, no capital gains taxes, no inheritance taxes and no sales tax with the exception of the Stamp Duty paid on the conveyance of real property. Government revenues are by way of customs duties on all imported goods. The International Persons Landholding Act, 1993, provides for the sale of real property in The Bahamas to non-Bahamians and The Bahamas attracts a wide range of international property investors. Those looking for multi-million dollar estates and investing in Paradise Island have gained and maintained strong investment returns over the past decades.
The Bahamas is an independent, politically stable, English speaking country with a population of some 312,000 and a comprehensive and modern infrastructure, particularly on the two major islands, New Providence and Grand Bahama. The Bahamas is a coral archipelago of 700 islands, starting 55 miles off the east coast of South Florida and stretching as far southeast to within approximately 60 miles of Cuba and the island of Hispaniola. The economy of The Bahamas is driven by tourism, international banking and real estate developments. There is an ample supply of electricity and water on the major islands. Telecommunications services and facilities in The Bahamas are state-of-the-art, with direct international links provided through a 100% digital switching system.
It is possible for non-Bahamians to establish permanent residency in The Bahamas by following specific guidelines and criteria set by the Government of The Bahamas.
Contact Information:
David Andrade, Phone: (954) 326 8953
