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COVID-19 stokes demand for luxury Real Estate in The Bahamas

Updated: Jun 23, 2021

Since COVID-19 took hold in early 2020, there has been a huge increase in demand for real estate in vacation hotspots around the world – including Homes in The Bahamas. The Bahamas luxury real estate market is booming, says the Bahamas Real Estate Association and is now outperforming pre-pandemic levels. Engel & Völkers Bahamas seeing strong demand from buyers around the world for luxury single-family homes in prime positions that provide space, security and room to work and play. The COVID-19 pandemic has vastly affected many aspects of our lives. Things that we took for granted before are now becoming precious commodities. At the top of the list are safety and security – a place to escape and peace of mind. The demand for a comfortable, secure Single Family Home in which the whole family can enjoy the sought-after Bahamas lifestyle has led to a frenzy of buying for a desirable, safe and stylish space. Space is now also vitally important, as working from home has become part of our daily lifestyle. Large Single Family Homes with enough room for a home office or two, as well as the usual living, dining and entertainment areas are top of the wanted list of Bahamas real estate buyers. Being able to work in a comfortable environment within your home where you can properly focus on your job, is incredibly important. Most buyers of luxury Single Family Homes are cash buyers. But for those who require financing, the fact that mortgage rates have been at a low for some time, is a big help. Here are three spectacular, spacious and secure Single Family Homes to consider buying in New Providence-

  1. 53 Ocean Club Estates

This incredibly beautiful home offers everything your family will need. At 6,800 square feet and set in the highly attractive Ocean Club Estate in Paradise Island, it provides all the space, style, security and prime location you could ever wish for. The stunning home has magnificent views over the nearby golf course and the ocean beyond. It has five bedrooms and five bathrooms and plenty of indoor and outdoor spaces to entertain with a patio, pool, Jacuzzi and outdoor cabana, this is perfect for the whole family. It is priced at US$6,995,000.

  1. Solomon’s Lighthouse, Eastern Road

If you are looking for a unique, secure and spacious family home, with spectacular ocean views and a waterfront outlook like no other, look no further! This property is set on the ocean and is made up of two waterfront lots. In total it has six bedrooms and four bathrooms, consisting of the main house and a unique lighthouse. The main home is set across two levels, with ocean views from expansive windows in each room. It includes a home study/office. The lighthouse is connected to the main home by a stone bridge and itself has two bedrooms, two bathrooms and five stories. It would be an ideal vacation rental property. Outside is a 90feet. horizon pool, an Italian Travertine tiled terrace, a wooden deck with direct access to the ocean, and a beautiful terraced planted garden. This home is priced at US$2,900,000.

  1. 6 Coral Beach

This fantastic four bedroom canal front home provides an excellent investment opportunity for investors as it comes with a US$7,000 per month rental guarantee for the first two years and has a long-term tenant in place. This equals around 5% per annum net of taxes and Home Owner Association fees. The purchase qualifies foreign buyers for the Permanent Residency program. The turnkey property has four bathrooms, a spacious kitchen with granite countertops and stainless steel appliances and quality finishes throughout. It also features a swimming pool and 40 feet of canal front for docking and a backup generator. It is on the market for $1,250,000. Sandyport Marina Village, one of Nassau’s premier gated communities, offers numerous amenities including swimming pools, playgrounds, and tennis courts. It is just a five-minute walk to the beach. For more details about beautiful Single Family Homes in The Bahamas, contact +1 242 424 1643


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