island Living - The Bahamas Investor

Transcription

island Living - The Bahamas Investor
island
Living
COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
nassau and the bahamian out islands
special bahamas
real estate supplement
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Dream homes in
paradise
Some people just
know how to live
Casa DeLeon, Ocean Club Estates
COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
S
ome people really know how to live.
Just take a look at some of the palatial
estates in Lyford Cay, Old Fort Bay and
on Paradise Island. They all have a
“wow” factor, because they express the
utmost in luxury, architectural style and discerning
taste. They also fulfill, it should go without saying,
the venerated prerequisite of real estate: “location,
location, location.”
So if you demand nothing but the best, and if
money is no object, you can begin and end your
search for the home of your dreams right here.
Certain residential areas have been synonymous
with luxurious living for a long time. The apex of the
real estate pyramid, most agree, is Lyford Cay in
western New Providence, although other enclaves
vie for a close second.
Developed in the 1950s, this gated community is
still considered to be one of the most exclusive
addresses on the island, if not in the entire
Caribbean area. Residents with substantial assets
both old and new enjoy a private golf course, a
spacious marina and lavish canalfront and
beachfront homes with spectacular views.
More high-end properties are located on Eastern
Road along the shoreline east of Nassau proper, an
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COURTESY SEAVIEW PROPERTIES
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Home on the golf course at Ocean Club Estates
area long inhabited by old Bahamian
families of means and wealthy
expats. Other residences for the well
heeled can be found on Cable Beach;
on Skyline Drive along the north
shore of Lake Cunningham, just
south of Cable Beach; and on the
beachfront between Cable Beach
and Lyford Cay.
Cable Beach home
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COURTESY BAHAMAS REALTY LTD
Opulent properties
And then there’s incomparable
Paradise Island, a well-named place
for some of the most opulent
properties, many of them a bold
statement of the ultimate in luxury.
Like other marquee residences on
New Providence, some of these
include private docking for your
yacht, staff quarters, guest houses,
designer swimming pools and many
custom-crafted appointments.
One of the showpiece homes for
sale there now is named Casa
DeLeon, located in prestigious Ocean
Club Estates on 120 ft of beachfront.
The very picture of luxury, this 9,500
sq ft home has five bedrooms, 61⁄2
bathrooms, a 25-ft atrium with floorto-ceiling windows overlooking an
infinity-edge swimming pool, a stateof-the-art media room and what the
listing agency describes as “every
possible luxury.”
Ocean Club Estates offers
homeowners the use of a golf course,
tennis courts, a marina, a beach club
and the facilities at the One&Only
Ocean Club and the Atlantis resort.
The price tag for Casa DeLeon? A
steal at $18 million.
Another custom-built beachfront
home for sale in Ocean Club Estates
is a classic two-storey
Mediterranean-style residence with
four bedrooms and 41⁄2 bathrooms in
a 6,200 sq ft floor plan.
Desirably located on a cul-de-sac,
it affords a panoramic view of the
beach and sea and includes an
infinity pool, a grand staircase
leading to a master suite that covers
most of the second floor, a home
office, a two-car garage and lush
landscaped grounds. It’s listed at
$8,995,000.
If you’d prefer to spend less money
to live in this part of Paradise Island,
but not on the beach, you could buy
COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
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Casa DeLeon, Ocean Club Estates
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Beach cabana at Creek House, Old Fort Bay
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COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
Creek House, Old Fort Bay
a four-bedroom, 41⁄2-bath residence
built in 2003 on the second hole of
the Tom Weiskopf-designed golf
course, near the clubhouse.
This posh 4,300 sq ft home
features a long covered porch that
overlooks the expansive pool and
deck area and the golf course, a
master bedroom with a stonefinished bathroom featuring a
whirlpool and deck and a double
garage with guest quarters above.
You can buy this tropically
landscaped property for $3.8 million.
Something more sedate
Although Paradise Island offers
dream homes aplenty, you may
prefer to live on the more sedate side
of New Providence, on the northwest
coast, where you could enjoy living
in a grand Old Fort Bay residence.
One premier home for sale here sits
COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
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Seaview Properties,
tel 327-1566,
e-mail [email protected],
or visit www.seaviewproperties.bs.
Creek House, Old Fort Bay
on an oversized 1.5-acre beach-tocanal parcel, overlooking 225 ft of
scenic beachfront.
This 7,000 sq ft home includes five
bedrooms and 51⁄2 bathrooms, live-in
maid’s quarters, a media room and a
second-floor study with a panoramic
view, along with his-and-her
bathrooms in the master suite and
his-and-her offices. The property
extends to a canal, where the owners
can tie up their yacht. The listing
price? $12 million.
Another distinctive Old Fort Bay
mansion is a two-storey colonial
located on Canal Beach. Amenities
include a large swimming pool, two
guest suites with terraces, a double
garage with a gardener’s room, a
1,500 sq ft guest suite with a full
kitchen above the garage and a dock
with a boat lift. All this can be yours
for $4.5 million.
If a $17 million price doesn’t give
you sticker shock, then you can buy
a sprawling, one-of-a-kind Old Fort
Bay estate called Creek House,
situated on 2.5 acres between the sea
and mangrove-fringed canals.
This secluded property has the
ambience of a private island. It
includes 10,000 sq ft of living space
in a main house, guest house, guest
cottage and staff apartment, all
connected by winding paths and
vine-covered breezeways.
Sun decks, patios and verandas
surround a tropical central garden
with a pool, and a path through a
terraced woodland garden leads to
two thatch-roofed beach cabanas.
The property also includes a 60-ft
dock on a deepwater canal.
Real estate prices for properties like
these may seem stratospheric, but the
numbers have dropped significantly
since 2008, when the recession first
gripped the world. Before then, prices
were overinflated, especially in the
high end of the market. Buyers can
now acquire properties priced at a
more realistic level.
COURTESY DAMIANOS SOTHEBY’S INTERNATIONAL REALTY
Caves Heights,
tel 327-8867,
e-mail [email protected],
or visit www.cavesheights.com.
Damianos
Sotheby’s International Realty,
tel 322-2305 or 362-4211,
e-mail [email protected],
or visit www.SIRbahamas.com
Bahamas Realty,
tel 396-0000,
e-mail [email protected],
or visit www.BahamasRealty.bs.
Sales have remained fairly strong
in some specific areas. “Paradise
Island has had good sales, in many
cases at reduced prices,” one realtor
says, citing Ocean Club Estates as a
particularly hot spot.
Whatever the cost of your fantasy
home may be, all realtors agree that
this is an opportune time to buy a
dream home in The Bahamas.
Note: The availability and prices of homes
listed in this article were in effect at the end
of 2010 and are subject to change.
For complete archives
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Island Living
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CAVES HEIGHTS
$595,000
Reference: #3845
• 2 Bedrooms, 2½ Bathrooms
• Ocean View
• Living Area: 1,850 sq ft
[email protected] • 242-359-2957
OCEAN CLUB - PARADISE ISLAND
$7,500,000
Reference: #4063
• 6 Bedrooms, 6 Bathrooms
• Golf Course View
• Living Area: 7,500 sq ft
• Land Size: 29,865 sq ft
[email protected] • 242-359-2957
OLD FORT BAY
$3,700,000
Reference: #4079
• 5 Bedrooms, 4½ Bathrooms
• Infinity edge pool
• Vast outdoor living and dining area
• Dock with ipe decking
[email protected]
OCEAN CLUB CONDOMINIUMS
PARADISE ISLAND
Starting at
$2,195,000
Reference: #3082
• 3 Bedrooms, 3½ Bathrooms
• Harbour and Golf Course Views
• 3,100 sq ft
[email protected] • 242-477-7027
©ISTOCKPHOTO.COM/AYZEK
island living
Hunting for a
mortgage?
Local banks can help expat homebuyers
L
ocal banks, including RBC
Royal Bank, Scotiabank
and FirstCaribbean,
offer mortgages to expat
home buyers.
It’s best to shop around because
there is considerable variation in the
types of loans offered and who may
apply. Interest rates also vary but are
normally tied to either the London
Interbank Offered Rate (LIBOR) or
the US prime rate, adjusted
according to an assessment of the
homebuyer’s creditworthiness.
Other costs involved in obtaining a
mortgage are typically the same as
those that apply in the expatriate’s
home country. These may include
legal fees, costs involved in having the
property appraised, costs for the title
search on the property, for registration
of the mortgage, creditor life insurance
premiums and comprehensive all-risk
property insurance.
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According to representatives for
the banks, the demand for home
loans by expats remains robust,
despite continued uncertainty in the
global economy.
Non-residents–including
expatriates living in The Bahamas
under a work permit–can access
financing from FirstCaribbean
International Bank under the bank’s
International Mortgage offering.
The bank offers mortgages of up to
70 per cent of the property’s value,
up to $2.5 million. Loans in excess of
$2.5 million are offered at 60 per
cent of the property’s value.
For construction loans, the loanto-value percentages are different.
These are 70 per cent for homes
being constructed in Nassau,
Freeport or Abaco and 50 per cent
for homes being constructed on the
other Family Islands.
Consideration is given to the
equity, which the individual has in
the property, and this allows for an
increase in the amount being advanced.
Buyers seeking mortgages are
required to provide supporting
documents, including confirmation
of income for the past three years,
bank statements for the previous six
months, a credit bureau report, a
property valuation report and a copy
of the signed purchase agreement.
With these documents in hand, a
credit team examines all the
information and, if the mortgage is
approved, a letter of commitment–
containing the terms and conditions
of the loan–is sent to the buyer. If the
buyer accepts, attorneys are briefed,
and the sale can go forward.
Another bank tapping into this
market is Scotiabank, which offers a
non-residential mortgage service
called the Vacation Home Buyers
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Programme. This service, which is
open to residents of the UK, Canada
and the US, offers mortgages of up to
$2.5 million with a term of 25 years.
Expatriates who prefer to build
rather than buy can access the bank’s
Residential Lot Purchase programme
–which provides loans of up to
$750,000 or 50 per cent of the
property value–or the Vacation
Home Construction programme,
which includes mortgages of up to
$2.5 million.
Customers may pay only monthly
interest payments during
construction and convert to a regular
residential mortgage once the
dwelling has been built.
In addition, Scotiabank offers
many helpful services such as tips on
buying and advice on getting in
touch with local developers, realtors
and lawyers.
RBC Royal Bank offers a similar
service, providing expatriate loans to
foreigners living in The Bahamas, or
elsewhere, who wish to build,
purchase or improve property in The
Bahamas. It not only covers residential
buildings but also dwellings in hotel
or resort rental programmes.
The value of these loans is
dependent on a number of factors
including the property’s location and
its original value. If the dwelling has
a purchase price of under $2 million,
the bank will provide loans of up to
70 per cent. Properties worth more
than $2 million are subject to a caseby-case review to determine the
amount of the loan.
All RBC loans have a maximum
limit of 15 years and include an
administration charge of 1 per cent
per year.
Potential customers must present
supporting documents, including a
personal statement of affairs,
references from at least two financial
institutions approved by RBC,
documents concerning the opening
and maintenance of bank accounts at
RBC, approval from government if
required, proof of income and a
satisfactory credit report.
The bank may also ask for a spouse
to co-sign the loan, and will insist on
property insurance coverage, life
insurance and a title search conducted
by a bank-approved lawyer.
RBC mortgage specialists help
customers collect the necessary
documentation and provide advice
and assistance throughout the process.
Interest rates and other particulars of these
mortgages may change. Readers are
advised to check with the bank of their
choice for up-to-date, accurate information.
To find out more, contact:
RBC Royal Bank,
tel 356-8656 or 356-8604,
e-mail
[email protected], or
visit www.rbcroyalbank.com/caribbean/
bahamas/mortgages.
FirstCaribbean,
tel 302 6000/302 6020, e-mail
[email protected]
or
[email protected],
or visit www.firstcaribbeanbank.com.
Scotiabank,
tel 356-1623, e-mail
[email protected], or visit
www.scotiabank.com/homeinparadise.
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Your own
RETREAT IN PARADISE
Overlooking the ocean on a seven-acre elevated plateau, Caves Heights
combines the feel of a magnificent island setting with contemporary
mainland comforts.
This private, ocean-view community of elegant condominium residences,
provides a luxurious lifestyle for its international clientele. Each spacious
apartment offers dramatic views from panoramic terraces.
Amenities include two swimming pools, tennis court, fitness centre, and
outdoor barbecue and entertaining facilities. The grounds are enhanced
by lush, tropical landscaping and lighted pathways. Additional features
include a large elevator in each building, optional covered parking,
condominium management and 24-hr security with a manned gatehouse.
Situated in western New Providence, Caves Heights is near world-famous
Cable Beach and is just minutes away from the international airport.
This ultra-secure, gated community offers the ultimate in island lifestyle.
CAVES HEIGHTS DEVELOPMENT LTD
WEST BAY STREET, PO BOX CB 13647, NASSAU NP BAHAMAS
+1 242 327 9967
www.cavesheight.com
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Pricing
paradise
The art and business
of property appraisal
A
COURTESY KERZNER INTERNATIONAL
t the heart of every real estate deal is an appraisal–whether
it’s a mansion, a condo, a commercial warehouse or an
undeveloped piece of land.
In negotiating a deal that’s fair to both the buyer and
seller, much depends on the experience and
professionalism of the appraiser. His assessment affects not only the
final settlement but the terms of the insurance policy and the mortgage.
Robin Brownrigg, President of Bahamas Realty, urges prospective
buyers to be fussy about choosing a certified appraiser.
“Look at their qualifications,” he advises. “Where they went to
school and the depth of that schooling. Also look at their
experience–experience is what makes the banks trust you.”
Assessing value
In determining the value of a property, an appraiser approaches the
task in two basic ways: a sales comparison and a cost analysis.
In the former, he or she reviews the selling price of similar properties
in that neighbourhood in the recent past. The cost-based analysis
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evaluates the condition of various
features, such as driveways,
landscaping and patios–along with
the general condition of the
surrounding neighbourhood.
It’s important to take depreciation
factors into account in a cost
analysis, say appraisers. These can
include such things as ongoing
construction work and a candid
evaluation of the neighbourhood.
Undesireable elements in a location
will bring down the value of a
property, no matter how much has
been invested in it.
“People often spend more than the
neighbourhood warrants,” says
Brownrigg. “They can build their
dream home [there], but they will
never get their money out of it.”
Another important factor is the
“effective” age of the building: An
older house can still be highly valued
if it has been well maintained.
Appraisers gather all the facts,
combine both the cost and
comparison values before making an
assessment. The most valuable
element, according to Brownrigg, is
the sales comparison. The cost
approach, he says, often contains
“variables that are sometimes
difficult to nail down.”
Brownrigg, who has been
appraising all types of properties for
more than 30 years, says good
appraisers “go an extra mile for their
client.” They also maintain good
working relationships with all the
leading banks and lending
institutions in The Bahamas.
“I develop a relationship with bank
managers and loan officers so they
feel good about dealing with me,”
Brownrigg says. “I put a lot of heart
and a lot of pride into my profession.”
For assessments that require
specialized knowledge, an appraiser
may call upon other professionals such
as contractors and quantity surveyors.
Bahamas Realty is affiliated with
multinational real estate firm CB
Richard Ellis and can work with
them on complex assessments. “We
have their huge resources at our
disposal,” says Brownrigg. “If I feel
I am getting out of my league, I will
bring in a professional in that area
and work with them.”
COURTESY OLD BAHAMA BAY
Positive outlook
Old Bahama Bay, Freeport, Grand Bahama
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Even the most experienced appraiser
can run into unexpected trouble on
the job, says Brownrigg. On one
occasion he inadvertently went to the
wrong property.
“I was working on a foreclosure
appraisal, and they had the address
wrong,” he says. “I went to the
property and hopped over the front
wall and through the gate. All of a
sudden I saw four Rottweilers
COURTESY BAHAMAS REALTY LTD
island living
Robin Brownrigg, president,
Bahamas Realty
running at me… . I hurtled over the
fence as these dogs went crashing
into it. It was terrifying.”
Brownrigg, who has done
appraisals on many high-profile
properties–including Lyford Cay,
Albany, Baha Mar and Baker’s Bay in
Abaco–loves his work. “The joy for
me in doing my job is that I am on a
drop-dead gorgeous beachfront
property at least once a week being
paid by somebody to have a blast.”
And he is enthusiastic about the
recovery of the real estate market,
which slumped in The Bahamas in
2008. “In the last six months we
have seen an improvement in sales.
I think we need to wait it out one
more year.”
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Caves Heights
Owning property
in paradise
What you need to know before buying in The Bahamas
I
f owning your own slice of
paradise seems too good to be
true, think again. Buying
property in The Bahamas is
easier than you may think.
For one thing, you don’t have to be
a resident of The Bahamas to
purchase property here, whether it’s a
home or land. The International
Persons Landholding Act of 2009
makes it simple for non-Bahamians
and their companies to buy real estate
without risk. The property could be
for your own use or an investment,
and because real estate is held
freehold, it grants owners permanent
and absolute tenure of the property,
so it may be used, sold or assigned in
a will without restrictions.
Before purchasing property in The
Bahamas, keep in mind that it’s
important to deal with a realtor
accredited by the Bahamas Real
Estate Association (BREA). There are
several BREA-accredited agents who
can help you with the steps you need
to follow to purchase your property.
They are particularly helpful with
recommending a lawyer and a local
bank, several of which offer loans to
foreign nationals, whether they are a
resident of The Bahamas or not.
However, it is important to know
that the government collects a onetime stamp duty on mortgages at a
rate of one per cent of the amount
borrowed. Also, real estate agents
charge a 10 per cent commission on
the sale of undeveloped property and
six per cent on developed residential
or commercial property. Agents
charge 10 per cent commission for
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COURTESY CAVES HEIGHTS
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COURTESY BAHAMAS REALTY
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Musha Cay, Exuma
Family Island property, whether
land, home or commercial.
In addition to fees for lawyer’s and
real estate agent services, permit
applications are required to ensure a
smooth property purchase.
A non-Bahamian who buys or
acquires an interest in a condominium
or property to be used as an owneroccupied property must apply to the
Secretary to the Investments Board to
register the purchase. An application
for registration (Form 1) must be filed
with the Bahamas Investment
Authority, Office of the Prime
Minister, along with proof of
ownership, payment of stamp duty
and real property tax and a banker’s
draft or money order for $25 made
payable to the Public Treasury. Upon
receipt, the acquisition is registered
and a certificate of registration is issued.
A permit to acquire property is
needed if the property is undeveloped
land and comprises two or more
acres, a commercial property or if the
residence is intended for rental.
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The schedule of fees for a certificate
of registration and permit are:
Application for registration ......$25
Application for permit..............$25
Upon issue of certificate of
registration or issue of permit where
the property value is:
$50,000 and under ..................$50
More than $50,000 and less
than $101,000 ..........................$75
More than $101,000 ..............$100
Additional fees are charged for the
purchase of property in The
Bahamas. A government stamp tax, a
one-time payment due at closing, is
usually split 50/50 by buyer and
seller, unless otherwise agreed.
Government stamp duty on
property conveyances or realty
transfers is as follows:
$0-$20,000 ................................4%
$20,000.01-$50,000 ..................6%
$50,000.01-$100,000 ................8%
$100,000.01-$250,000 ............10%
Over $250,000 ........................12%
In property sales, the lawyer who
prepares the conveyance typically
charges a fee of 2.5% of the sale
price or a minimum fee, whichever
is greater.
Effective until July 2013, first-time
homeowners may apply for an
exemption to the Government
Stamp Tax.
Homeowners wishing to purchase
energy-saving appliances and fixtures
will be entitled to reduction or
elimination of duty on those items.
Duty-free exemption is also granted
on solar equipment.
Residency permits
Non-Bahamians who wish to reside
in The Bahamas on an annual basis
may qualify under one of four
categories, subject to formal
application and approval process.
These include an independent
economic resident, a resident
homeowner or a seasonal resident
homeowner.
In the case of an independent
economic resident, the applicant
must provide a financial reference
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from a reputable bank verifying
economic worth and two written
character references. For an annual
residence permit, a head-ofhousehold pays $1,000 and each
dependent, $25.
A resident homeowner or seasonal
resident homeowner who owns a
second home in The Bahamas may
apply to the director of immigration
for an annual homeowner’s residence
card. The card is renewable annually
and entitles the owner, spouse and
minor children to enter and remain
in The Bahamas for the period
specified on the card. The fee is $500
per year and is intended to facilitate
entry in The Bahamas for a stay of up
to one year.
These permits and cards do not
allow the owner, spouse or dependents
to be employed in The Bahamas.
Accelerated consideration of
applications for annual or permanent
residence is given to major
international investors and owners of
residences valued at $500,000 or more.
Helpful contacts
Bahamas Chamber of Commerce:
Bahamas Investment Authority (BIA):
Shirley St and Collins Ave, PO Box
N-665, tel (242) 322-2145, e-mail
[email protected],
www.thebahamaschamber.com
Office of the Prime Minister, Sir Cecil
Wallace-Whitfield Centre, West Bay St,
Cable Beach, PO Box CB-10980,
tel (242) 327-5826/8 or (242) 327-5940/44,
www.bahamas.gov.bs
Bahamas Real Estate
Association (BREA):
10 Dowdeswell St, PO Box N-8860,
tel (242) 356-4578 or (242) 325-4942,
e-mail [email protected],
www.bahamasrealestateassociation.com
Bahamas Bar Association:
Elizabeth Ave, PO Box N-4632
tel (242) 326-3276,
www.bahamasbarassociation.com
Main office: Hawkins Hill,
PO Box N-831, tel (242) 322-7530/32 or
(242) 322-8504, www.bahamas.gov.bs
Registrar General’s Dept
(Civil Registry): 50 Shirley St,
PO Box N-532, Nassau, tel (242) 323-0596,
www.bahamas.gov.bs
Treasury Dept:
Association of International
Banks & Trust Companies (AIBT):
Goodman's Bay Corporate Centre,
West Bay St, PO Box N-7880,
(242) 356-3898,
e-mail [email protected],
www.aibt-bahamas.com
British American House, George St,
PO Box N-7524, tel (242) 322-4561/5,
www.bahamas.gov.bs
Lands & Surveys Dept:
Bay and Armstrong Sts,
PO Box N-592, (242) 502-1200,
www.bahamas.gov.bs
Central Bank of The Bahamas:
Frederick St, PO Box N-4868,
tel (242) 302-2600, e-mail
[email protected],
www.centralbankbahamas.com
Property tax
Property tax must be paid by
Bahamians and non-Bahamians
owning real property and is due on or
before Dec 31 each year. Returns are
filed with the Chief Valuation Officer
and paid to the Public Treasury.
Tax rates are based on “market
value” (the amount the property
would realize if sold in the open
market without encumbrances or
restrictions) and are as follows:
Owner-occupied property
(residential and licensed
rental homes)
• The first $250,000 of market
value ................................Exempt
• Between $250,000 and
$500,000 ................................3⁄4%
Immigration Dept:
Professional Architects Board:
143 Nassau St, PO Box CB-13040,
tel (242) 326-3114, e-mail
[email protected],
www.bahamasarchitects.com
• Between $500,000 and
$5 million ................................1%
• Over $5 million ......................3⁄4%
All other properties/commercial:
• First $500,000 ........................1%
• Over $500,000 ........................2%
Vacant land owned by
non-Bahamians:
• First $7,000 ........................$100
• Over $7,000..........................11⁄2%
In Grand Bahama, no property
taxes are collected from owners of
properties located within the Grand
Bahama Port Authority area of
Freeport/Lucaya, but an annual fee
is levied for trash removal, street
maintenance and landscaping services.
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Island Living
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OCEAN CLUB ESTATES - $7,195,000
This luxurious 10,000 sq ft family home awaits an owner
who desires beautiful views, security and countless
amenities with an additional 4,000 sq ft of verandahs for
relaxation. Features include a 40’ pool with coral stone
decking, lush tropical landscaping, an optional media
room, wine cellar or gym, 24-hr security and private
beach club. Web Ref: 563548 | Andrea Brownrigg
[email protected]
OCEAN CLUB RESIDENCES & MARINA - $2,300,000
Luxury living in Paradise can be yours in this beautifully
furnished, 3-bdrm 3.5-bth, 3,000 sq ft condo with top of
the line fixtures and fittings. Owners can enjoy the
beautiful private garden, pool, gym facilities, private on
site marina and fabulous views. Amenities include
private beach club, 24-hr security, underground parking,
access to fine dining, spa and Atlantis resort amenities.
Web Ref: 564760 | Carlyle Campbell |
[email protected]
OCEAN PLACE - $1,569,000
New high rise condo on Paradise Island offers
unparalleled luxury and convenience. This 4th floor unit
has large balconies to enjoy views of Nassau Harbour
and deluxe appointments like tiled Travertine marble
floors, recessed lighting, central a/c with programmable
thermostat, 24-hour valet service, concierge, fitness
facility, swimming pool and tennis facility. Dock slips
available. Web Ref: 564810 | Chris Lowe
[email protected]
OAK HILL ROAD - $1,499,000
Set on just under two acres, this luxury home is located
in a prestigious neighbourhood just off Skyline Dr and
enjoys ample room for family and friends. Features
include Bahama room, home gym, home office, guest
apartment, Sub-Zero appliances, impact resistant
windows, standby generator, electric gate, alarm system,
double garage and beautifully landscaped grounds with
sprinkler system. Web Ref: 564692 | P. Jason Wong |
[email protected]
GOAT CAY - $1,200,000
Found in the Berry Islands, this 21.96-acre island is in a
protected bay sheltered from direct exposure to the
Atlantic Ocean. The centre of this heavily wooded island
is elevated to just shy of 50ft and has numerous building
sites. A sandy area in the northwest can be enhanced to
create a beach and there are good sites for docking
facilities. Great Harbour Cay, with an international
airport is just 4.6 miles away. Web Ref: 564086 | W.
Larry Roberts [email protected]
CAVES HEIGHTS - $1,200,000
Gorgeous 5th floor, penthouse with private balcony and
expansive ocean views, gourmet kitchen, granite
countertops, stainless steel appliances, wet bar, 3 bdrms
with ensuite baths, sliding glass balcony doors, crown
moldings, central a/c, washer & dryer, impact resistant
windows, elevator access, swimming pools, gazebo,
tennis courts, fitness center & secure entrance. Web
Ref: 564756 | Taryn Hinsey | [email protected]
ROSE ISLAND - $999,000
Four lots available on beautiful Rose Island with a total
acreage of 3.414 acres with 500 feet of beautiful sandy
beach and rocky frontage, great elevations and good
water depths. A quick boat ride from downtown Nassau
but with the privacy and intimacy of an Out Island setting
– perfect for a weekend getaway. Spectacular beach
frontage and ocean views make this property ideal. Web
Ref: 564859 | Kevin Cross | [email protected]
BAYROC - US $850,000
Best price at Bayroc! Set like a gem along the Caribbean
Sea, this 7-acre development is near to fine shopping,
dining, nightlife and golf. Mahogany double doors lead to
this luxurious home boasting 9’ ceilings, French doors,
modern kitchen with granite countertops and high
quality appliances, dining area with wet bar and 3
spacious bedrooms with ensuite baths. Maintenance and
management services on-site. Web Ref: 563472 | P. Jason
Wong | [email protected]
PARADISE ISLAND - US $595,000
Bright and sunny, well maintained end unit with delightful
harbour views. Professionally decorated 2-bdrm, 2.5-bth
townhouse with spacious master suite with direct access
to the swimming pool, central a/c, washer/dryer, balcony
and patio for outdoor enjoyment. Community features
lush native landscaping, a swimming pool and assigned
parking. Moments away from Atlantis Resort & Casino.
Web
Ref:
564867
|
Andrea
Brownrigg
[email protected]
THE REEF ATLANTIS - $595,000
Created by world renowned developers, this luxurious
hi-rise condominium and hotel offers spectacular living
accommodations. This 5th floor executive condo has
upgraded features - marble flooring, Italian cabinetry,
comfortable furnishings, plasma screen TV, built-in sound
system, ceiling fans, central a/c, daily maid service and
access to all Atlantis amenities. Web Ref: 564750 |
Carlyle Campbell | [email protected]
PARADISE ISLAND - US $569,000
Adjacent to the legendary Cloisters and Ocean Club, this
bright and cheerful ground floor unit is within easy
walking distance to the beach on beautiful Paradise
Island. Well maintained and stylishly furnished, this 2bdrm, 2.5-bth condo has expansive views overlooking
the pool and harbour beyond, tiled floors, central a/c,
private laundry area, gated access, ample parking and
beach access. Web Ref: 564515 | Diane Sturm |
[email protected]
SANDYPORT - $420,000
This waterfront residential community is the location of
choice for fine living. This 3-bdrm, 3-bth “Fort Nassau
Model” unit features ocean views, large rooms, top of
the line appliances and plumbing fixtures, ceramic tiled
floors, verandah, and much more. Home owners enjoy
secure parking, boat dockage, access to beaches,
swimming pools and tennis courts, shopping and fine
dining. Web Ref: 8509 | W. Larry Roberts |
[email protected]
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