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Bahamas Oceanfront Real Estate

Grand Bahama Island

Bahamas Oceanfront Resort Site for Sale

The 87 acre beach site (SITE A) offered for sale may be adjoined by an additional 100 acre site (SITE B) suitable for a nine hole golf course or with additional Crown Lands it can be expanded to eighteen holes.

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Bahamas oceanfront real estate, San Salvador, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

THE BAHAMAS

Located just off the coast of Florida, The Bahamas have long been a favored tourism destination for Americans. Encouraged by a stable government, a welcoming attitude toward direct foreign investment and buttressed by generous tax concessions under The Hotel's Encouragement Act, international conglomerates have invested billions of dollars in high quality real estate developments. These include mega resorts and hotels with world class amenities including casinos, golf courses and international shopping complexes. Internationally recognized multi-billion dollar resorts now include the Atlantis Paradise Island and the new Baha Mar at Cable Beach in New Providence. The proposed multi- billion dollar Blackwood Pointe and Sharp Rock resorts on the south coast of Grand Bahama Island will also enjoy the tax free advantages of investing in The Bahamas.

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

GRAND BAHAMA ISLAND

This sleeping giant, located just 50 miles from Miami, has an amazing infrastructure which for the most part was planned and implemented in the sixties by Wallace Groves, an American investor who worked with the Government to create a “free port”. It is one of the largest man made ports in the world and being the deepest port in the region, it supports a major transshipment industry. The city of Freeport, with wide boulevards and planned development zones, also boasts over 20 miles of bulk headed residential canal systems offering some of the best living and working conditions in the world. The tourism industry is supported by the development of Freeport and Lucaya resorts in the immediate Freeport area with major hotels, casinos, marinas and retail facilities. The nearby international airport has an 11,000 foot runway which is capable of handling the largest commercial aircraft.

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Grand Bahama Island is poised for future resort development and both developers and investors may well benefit from the tax free environment. The best beaches for future resort development are along the south coast ….. a few are privately owned. The property offered in these particulars has private ownership which has been tested and confirmed by the Supreme Court of The Bahamas.

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

SITES:

The 87 acre beach site (SITE A) offered for sale may be adjoined by an additional 100 acre site (SITE B) suitable for a nine hole golf course or with additional Crown Lands it can be expanded to eighteen holes. All services including power, piped water and high speed telecommunications are along the Grand Bahama Highway which fronts both sites. The property is located approximately 20 miles east of Freeport and the International Airport and close to the beach front town of High Rock. The former USA Mercury rocket program established a large air strip which may be salvageable and is located only 6 miles from the subject property.

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

The beach site (SITE A) has some 1600 feet of highway frontage by a depth of approximately 2,400 feet and just over 1,600 running feet of beach front. The registered survey area is 86.99 acres. The site is a hard rock terrain with numerous Bahamian Pines and Palmetto plants. The fresh water lenses is expected to be some 8 – 15 feet below grade on the north half of the site which then slopes down to a 100 – 200 foot wide marshy gulley or wet area approximately 500 feet back from the beach. The wet area (see SITE A aerial photo) appears to be clean fresh water and is quite clear so may be from a spring although this has to be determined. The fresh water lenses in Grand Bahama Island are typically located some 5 feet below the surface as evidenced by the growth of pine trees.

The golf site (SITE B) has 2,600 feet of frontage to the highway by a depth of 1,800 feet with a slight elevation rise in the middle of the width. The registered area is 97.3 acres.

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

Bahamas oceanfront real estate, Grand Bahama Island, Bahamas beachfront property for sale

OFFERED PRICES:

SITE A – US$8,500,000

SITE A and SITE B combined – US$10,000,000

Note:

The foregoing information is believed to be true and provided from sources on Grand Bahama Island however does not form part of any future contract and the sale of this property may be withdrawn at any time without notice.

CONTACT INFORMATION:

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Potomac, Maryland 20859-0646

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