The new wave of hi-end pleasure based investments has already started among those in the know. With Harbour Island in the Bahamas grabbing the spotlight again as one of the most desirable places on earth to call home according to HGTV, America’s leading lifestyle programme, the tell tale signs that investor confidence is back are starting to show.
In recent weeks historic Strawberry House, Sandy Hill, a new site at Pink Sands and several apartments at Valentines Resort have been snapped up. New refurbishment has started at Fort Point and La Tortuga, and a beautiful restoration project by its new owners is underway at Strawberry House.
New build projects are well under way at Pink Sands and at a site overlooking Girls Bank. The Little Dock House project also looks set to come to life too. All this on an Island that covers just 1.6 square miles.
Development activity has also resumed on Little Harbour Island, just 1-mile west of Harbour Island. Another clear sign that the wave is coming…
Several existing owners, close to the market, have reinvested up-market before the wave hits its peak and two previous long term owners who left the Island for some years have returned. Local realtor Robert Arthur reports that others are also looking. Typical capital growth has been 3-5% p.a. and hi-end properties can rent for $6-10,000 per week when not in use by their owners – in some cases for up to 20 weeks. He also points out that, somewhat surprisingly, hi-end waterfront property on Harbour Island calls for lower investment than in Florida.
A magnet for yacht enthusiasts, the newly completed Sunset Harbour Estate development with its own private deep water dock is potentially an investors dream. The brainchild of UK business entrepreneur Peter Dempsey, who has owned property on the Island for over 25 years, Sunset Harbour Estate is a unique waterfront development concept of six luxury residences set in just over 2-acres. Three of them have already been sold. A private dock capable of accommodating some of the bigger yachts, especially the draught required for the 120 footers makes it a rare find.
Expertly designed and landscaped in true Bahamian style to an exacting standard it offers individual seclusion and privacy whilst benefiting from a shared full time Estate Manager and maintenance staff. Care free “get up and go” is the order of the day. Prices start from $1.2 million.
Photographs, property details and Island information can be found at www.harbourislandliving.com
Robert Arthur is the Island point of contact for more information on the Sunset Harbour Estate Tel: 001 242 359 7216 or interested parties can speak direct with the Developer, Peter Dempsey on: Tel: +44 (0)1803 844878 Mobile: +44 (0)7785 330788
