Own a hassle-free vacation home at Eleuthera`s

Own a hassle-free vacation home
at Eleuthera’s best address…
Pineapple Fields is a 32-unit boutique condo-hotel located
on Banks Road, just across the street from Tippy’s
Restaurant and one of the best beaches on Eleuthera.
ONLY 8 UNITS LEFT FOR SALE!
Toll Free from US/Canada
(877) 677-9539
Bahamas Office: (242) 332-2221
Fax: (242) 332-2203
Eleuthera is “one of the best secret islands on Earth.”
Travel and Leisure magazine
www.pineapplefields.com
[email protected]
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1. Why buy at Pineapple Fields?
CONTENTS
1.
Why Buy at
Pineapple Fields?
1
2.
Site plans/photos
5
3.
Floor plans/photos 9
4.
Amenities12
5.
Pricing and
Availability16
6.
The Rental Pool
17
7.
Press19
All you have to do is show up, get your stuff out of your owner’s storage
closet and head across the street to Tippy’s.
It’s run just like your own private hotel, with all the headaches of home
ownership taken care of. Owners don’t have to worry about routine maintenance inside and out, paying bills, rental problems, or securing your home
against the elements. At Pineapple Fields the friendly staff — who know you
— ensure your vacation home is ready for you when you arrive. This means
there’s more time to enjoy your island home in the Bahamas.
It’s affordable to own a home at Pineapple Fields because the property
is operated as a hotel and managed as a condominium.
Your low homeowners fees include all utilities, general maintenance,
insurance, repairs, and replacement of furniture, fixtures and equipment. Also
included is a yearly contribution to a Reserve Fund for major capital expenses
such as replacing roofs and painting the buildings. Revenue from the rental of
the units is pooled and goes towards offsetting the cost of operating the hotel
and keeping the HOA fees low. The better the hotel does, the better you do!
You can’t do it yourself for less. Professional property management
generates revenue and controls costs through economies of scale and reliable
local contacts. >>
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“Barlyn and Birkwieser have cut a swath through the Caribbean developing some of the regions’ most trendsetting
hotels and restaurants. With Pineapple Fields they have found a project to call their own.”
Caribbean Travel and Life
A Proven Track Record
The Bahamian developer of Pineapple Fields, Christopher Lightbourne, has 25 years of successful projects to his credit. The
managing director of the resort, David Barlyn, has 20 years of experience opening and operating some of the most successful boutique properties in the Bahamas, including Pink Sands on Harbor Island, Compass Point in Nassau and the Bimini
Big Game Club on Bimini.
Pineapple Fields has seven years of proven operating history. Since opening in 2006, Pineapple Fields has successfully weathered one of the worst economic downturns in recent memory. Occupancies and revenue have steadily increased
every year. High guest satisfaction, repeat clientele and a continued high level of international media exposure is our
winning combination. Be sure to check out what people are saying about Pineapple Fields on
www.TripAdvisor.com
Real Estate on Eleuthera is Coming Back
Travel and Leisure magazine called Eleuthera “one of the best secret islands in the world.” Titans like Pan American founder
Juan Trippe, industrialist and philanthropist Arthur Vining Davis, and explorer Jacques Cousteau have all called Eleuthera
their home. Real estate values on Eleuthera are stable and on the rise. Commercial development, planning, and acquisition
of property on Eleuthera is growing. The Cove in Gregory Town has reopened after a multi-million dollar renovation. The
French Leave Marina development and the planned 32-room expansion of Coco Di Mama, both in Governor’s harbour,
are underway. Property development is on the rise and Pineapple Fields sits smack in the middle of one of the best addresses
on Eleuthera — Banks Road, Governor’s Harbour. Unlike Harbour Island and other Out Islands, real estate on Eleuthera
is still very affordable.
>>
Just steps form your door to the pool
First and second floor verandahs
The beach looking south from Tippy’s
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Ownership at Pineapple Fields is straightforward
Purchase
Pineapple Fields walks you through the entire purchasing
process, from the time your initial deposit is put into escrow
to the closing. There are no hidden closing costs. Approval for
buyers is expedited and fee simple title is conveyed using the
same prestigious law firm that has transferred titles to 24 of
Pineapple Fields’ 32 units.
Ownership
The Condo Declaration — the legal document which lays
out how the resort is governed, is exactly like that which you
would find in the United States. Finances for the resort are
completely transparent. Budgets are presented at the beginning of the fiscal year. Homeowner and resort profit and
loss statements are provided quarterly. Year-end financials,
reviewed by a certified CPA, are presented at the homeowners’ annual general meeting.
A Reserve Fund used for capital improvements and
replacement sits in a secure interest bearing account controlled by the Board of Directors. The property is managed
by Pineapple Fields Management, Ltd., a Bahamian company owned and operated by the Homeowner’s Association.
Property management answers directly to the Board of
Directors. Owners receive regular communications regarding sales and marketing efforts, finances, and capital improvement projects through regular emails and updates to
Pineapple Fields’ web site. ■
Tropical plantings abound — Star of Jerusalem bush
More facts to put in the plus column
●P
ineapple Fields is easy to get to. Fly to Nassau and
then take one of 8 daily flights to Governor’s Harbour.
● Pineapple Fields is five minutes from Forty’s Rentals,
where you can rent recreational equipment including
bikes, kayaks and snorkeling equipment.
● Pineapple Fields is 15 minutes from Governor’s Harbour International Airport (GHB).
● Besides relaxing and socializing, there are lots of things
to do such as: fishing, boating, surfing, kayaking,
snorkeling, bicycling, scuba and eco tours. Outside the
door are acres of lush gardens, fruit trees, a free-form
swimming pool and a BBQ area. Across the street is a
magnificent three-mile stretch of pink powdered sand
beach — with barely anybody on it.
● Pineapple Fields is across the street from Tippy’s,
considered one of the best restaurants in the Bahamas
— featured in the New York Times, Food, Gourmet and
more.
● Pineapple Fields is five minutes from the Ocean View
Farm, a world-class riding stable offering horseback riding on the beach and along trails around a local lake.
● Friends and family can stay at Pineapple Fields at
discount rates.
● Pineapple Fields is five minutes from Eleuthera’s only
national park, the Leon Levy Native Plant Preserve.
● Eleuthera is high on the list of “25 Sexiest Beaches in
the World” by Forbes Traveler.
● Pineapple Fields is five minutes from the Banks Road
Deli, a European-style gourmet deli.
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2. Site plans and exterior photos

ATLANTIC OCEAN
PARKING
AD
RO
KS
N
BA
8
1
2
7
OFFICE
3
4
6
5
OCEAN VIEW
FARM HORSE
STABLES
BBQ
WELCOME CENTRE
EDUCATION PAVILION
Just the perfect size, Pineapple Fields sits on five acres of lushly landscaped gardens. A total of 32 condos in eight buildings
are clustered around an oversized kidney-shaped pool. Each building has two upstairs and two downstairs units. There are
a total of 28 one-bedroom and four two-bedroom condos. The perfect cross between a hotel room and a condominium, all
units are no more than a few hundred feet from the most spectacular beach in the Bahamas.
Warm, friendly, and knowledgeable staff
The main entrance off Banks Road
5
6
“The complex of sun-yellow buildings, set amid a
landscaped riot of palms, cascading bougainvillea
and gumbo-limbo trees is comfortable yet completely
unpretentious.”
Travel and Leisure
Free-form pool
Outdoor shower at each building
Front of Building #7
The pink sand beach in front of Pineapple Fields
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Relaxation awaits on the verandah
View of the pool from the second floor of Building #3
The main pathway to Tippy’s and the beach — the ocean is in the distance
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3. Floor plans and interior photos
One bedroom-one bath unit
View from the kitchen to the front verandah
The king-size bed in the master bedroom
One bedroom unit features include:
Kitchen • master bedroom • master bathroom • living room
front and back verandah • teak furniture on porches
stack washer and dryer • flat screen TV • wireless internet
ductless AC units in bedroom and living room
ceiling fans • fully equipped kitchens • solid maple kitchen
cabinets and granite counter tops • large marble bathroom
vanities • in-room safes
View from the living room into the kitchen
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“Set back on 80 acres of manicured wilderness, and across the street from a pink-sand Atlantic beach,
Pineapple Fields is the perfect base for a disappearing act.”
Fodor’s
Two bedroom-two bath unit
The two-bedroom living and dining room
The fully-equipped kitchen
Two bedroom unit features include:
Kitchen (w/dishwasher) • master bedroom • walk-in closet
master bathroom • living/dining room • front and back
verandah • guest bedroom (two twin beds) • guest bathroom
teak furniture on porches • stack washer and dryer •
flat screen TV • wireless internet • ductless AC units in
bedroom(s) and living room • ceiling fans • fully equipped
kitchens • solid maple kitchen cabinets and granite counter
tops • large marble bathroom vanities • in-room safes
Two full-size beds in the second bedroom
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Two-bedroom unit living room with pull-out sofa bed
One-bedroom unit living room
The master bathroom
Teak furniture on the front verandah
Looking at the pool from the rear verandah of Building #2
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4. Pineapple Fields amenities — Tippy’s Bar and Restaurant
Within a five-minute walk outside the door of your condo sits world class amenities including…
Tippy’s Beach, Bar and Restaurant — Tippy’s is
considered one of the best restaurants in the Bahamas,
having been featured in such publications as Food and
Wine, Gourmet and Bon Appetite. USA Today called
Tippy’s “one of the best beach bars anywhere.” A chalkboard menu changes daily depending on the freshest
produce and seafood brought to the restaurant by local
farmers and fisherman. Tippy’s is open for lunch and
dinner, with live music every Saturday night.
“Tippy’s beachside bistro
….not some rickety shack but
the epicenter of the Island’s
emerging social whirl.”
New York Times
“Don’t let the casual, weatheredwood-and-palm-thatch exterior
fool you—this is no ordinary
beachside shack”
Travel and Leisure
12
Banks Road Deli
The Bank’s Road Deli — located next to the Pineapple
Fields office, the Banks Road Deli is fashioned after a
true European delicatessen. The deli carries a variety
of imported meats, cheeses and wines from around the
World. European cookies and candies, olives, home made
humus, and freshly baked quiches and breads make for a
very special lunch or hors d’oeuvres over cocktails on
the porch of your condo.
The deli is a very popular spot in the morning
for guests and local residents to enjoy freshly baked
croissants, pastries, espresso and cappucino on the
back porch.
13
Ocean View Farm
Ocean View Farm — a five-minute walk from
Pineapple Fields is Eleuthera’s newest attraction,
the Ocean View Farm. This world class riding stable
offers one of most exciting ways to explore the beauty
of the island on horseback.
Two daily trail rides are offered Monday through
Saturday for up to 6 guests. The riding trails appeal to
nature lovers, bird watchers and horse enthusiasts alike.
The Lake Trail takes riders around an inland lake and
through indigenous vegetation including wild orchids,
several varieties of palm trees, mangroves, and numerous
species of birds.
The Beach Trail Ride takes riders up and down a
picturesque three-mile crescent-shaped powdered-sugar
pink sand beach.
Pony rides are now being offered daily for kids five
years of age and up.
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Leon Levy Native Plant Preserve
The Leon Levy Native Plant Preserve — located adjacent
to the Pineapple Fields office is the Leon Levy Native
Plant Preserve, Eleuthera’s only Bahamian National Park.
Working with the Bahamas National Trust, Shelby
White Levy established a plant preserve in honor of her
husband where Bahamians and visitors can now walk
miles of trails through the native habitat, and view the
beautiful orchids, the food and medicinal plants, and the
hardwood trees that played an important role in the history of the island.
This 25-acre Preserve has been designed as a
research centre for traditional bush medicine and a facility for the propagation of indigenous plants and trees.
It is an educational centre focusing on the importance of
native vegetation to the biodiversity of The Bahamas.
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5. Phase 2 units and pricing as of January 1, 2013
Building #4
401 West
402 East
421 West
422 East
one bedroom
one bedroom
one bedroom
one bedroom
first floor
first floor
second floor
second floor
$205,000
Sold
Sold
Sold
two bedroom
two bedroom
two bedroom
two bedroom
first floor
first floor
second floor
second floor
Sold
Sold
Sold
$455,000
one bedroom
one bedroom
one bedroom
one bedroom
first floor
first floor
second floor
second floor
$205,000
$205,000
Sold
Sold
one bedroom
one bedroom
one bedroom
one bedroom
first floor
first floor
second floor
second floor
$205,000
$205,000
Sold
Sold
one bedroom
one bedroom
one bedroom
one bedroom
first floor
first floor
second floor
second floor
$205,000
$205,000
Sold
Sold
Building #5
501 West
502 East
521 West
522 East
Building #6
601 West
602 East
621 West
622 East
Building #7
The entrance to Building #7
701 West
702 East
721 West
722 East
Building #8
801 West
802 East
821 West
822 East
The front of Building #7
The path down to the beach
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6. The Rental Pool Program
Revenue, expense and profit/deficit billing structure
Owner occupied room nights
We are pleased to announce that to date in the 2013 fiscal
year, our revenue has exceeded our budgeted expectations,
and the budgeted quarterly deficit assessment billings, previously billed to each unit owner, has provided us with an
excess of income relative to expenses. The surplus at the end
of this fiscal year will be credited to our reserve funds for
future major repairs and or upgrades.
Each unit owner can stay in their unit at no cost for up to
15 days per fiscal year. Owners occupying more than 15
days are billed a nightly rate of $40 for a one-bed unit and
$60 for a two-bed unit. Such charges address the fact that
when an owner occupies their unit, the available rentable
inventory is reduced, as is the potential rental revenue while
still incurring costs such as utilities, maid service, maintenance staff, etc.
Rental Pool overview
2014 Fiscal Year projections
1. Rental Revenue is pooled from all units, regardless of
which units are actually rented.
2. All Expenses incurred from operating and maintaining
the hotel/condo resort are pooled.
3. Any Deficit or Profit is shared amongst all unit owners.
Profits are distributed and losses are billed, based on the
air-conditioned square footage of the unit owned (i.e.
one-bedroom units @ 620 SF and two-bedroom units @
940 SF). Because all of the owners do not occupy their
respective units the same number of days as their neighbor, the distributions are adjusted to reflect the different
occupancies.
4. If there is a Profit at the end of the fiscal year it will be
distributed by crediting each unit owner’s account at the
end of the fiscal year.
5. If there is an Loss, it will be shared amongst all owners
just as any profit would be at the end of the fiscal year.
6. If there is a Budgeted Operating Loss at the beginning
of any given fiscal year, to cover the projected operating
losses, the unit owners will be billed quarterly for their
share of covering the projected deficit.
In the 2014 fiscal year it is anticipated there will be no
required deficit contribution from the unit owners. It is
projected that room revenue will, at a minimum, cover all
operating costs and potentially provide an operating profit.
Verdant plantings around the pool
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7. Press
Caribbean Travel Life, November, 2008
As the team from the National Enquirer checked into their hotel, they must have been drooling over the chance for a
scoop on Mariah Carey’s top-secret Bahamian wedding. A few minutes later, though, before they’d even had time to
screw on their telephoto lenses, a guy carrying garden clippers and badly in need of a shave knocked on their door.
“When the front desk told me they were from a tabloid, I had to toss them out,” says David Barlyn, the otherwise
laid-back owner of Eleuthera’s Pineapple Fields resort. Not wanting to be ungracious, though, Barlyn suggested an
alternative arrangement. “I told them to get a real career and go cover what’s happening in Darfur.”
Barlyn tells me about the days evictions over lobster warps and rum drinks at Tippy’s, a strikingly successful beach
bar and restaurant he co-owns with a grumpy Austrian gourmet named Peter Birkweiser… (a nine-page article).
Condé Nast Traveler, December, 2012
“Sand Bar” — Drink in the views
at Tippy’s in Governor’s Harbor
on Eleuthera, see page 66.
Pineapple Fields has 32 wellequipped condos and a pink
sand beach (242-332-2221);
one-bedroom condos from
$220).
Read more about
Pineapple Fields by
clicking the links on
the next page >>
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Pineapple Fields press links
Travel & Leisure: “Best Secret Islands on Earth”
READ
Islands Magazine: “Our Top 10 Best Islands To Live On”
READ
Forbes Traveler: “25 Sexiest Beaches in the World”
READ
New York Times: “The Flip Side of the Bahamas”
READ
Travel & Leisure: “Pineapple Fields”
READ
Food & Wine Magazine
READ
Frommers Travel Guide
READ
Bon Appetit Magazine
READ
Alexandria Woman Magazine: “A Silver of Wild Paradise”
READ
Fodors Travel Guide: “Pineapple Fields Review”
READ
Bridal Guide: “Caribbean Secret Islands
READ
New York Times: “Dispatch/The Other Bahamas”
READ
New York Times: 36 Hours In The Bahamas
“Drinking, Driving and Adventurous Diversions in Eleuthera”
READ
Eleuthera Island, Bahamas
READ
The Denver Post: ‘Pure Paradise”
READ
Martha Stewart Blog
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