Property Information
2 brand new beautiful town houses for sale on the tropical Paradise Island of Exuma in the Bahamas, the setting for Pirates of the Caribbean films an Island with no income tax, no corporation tax or VAT!!! - Price is £350,000 per property.
Situated on a private fresh water lake inhabited by super friendly turtles and beautiful local bird life, less than a 5 minute stroll from a fabulous semi-deserted white sand tropical beach, both houses enjoy stunning sea views from spacious first floor balconies. The Capital George Town is just 2 miles away and the airport is just a short drive away.
Each house consists of a large through lounge and dining area, fully fitted kitchen, 2 large double bedrooms each with huge walk in closets, 2 and a 1/2 bathrooms, laundry room, large balustraded porch overlooking the lake and stunning first floor balcony.
The houses each consist of around 2,000 square feet of living space and are surrounded by a quarter of an acre of lush tropical landscaping.
Exuma is the sailing capital of The Bahamas and has 365 neighbouring Cays to explore most of which are uninhabited. The capital Georgetown is only 2 miles along the main highway from Turtle Lake Villas. The Island boasts a beautiful Four Seasons Hotel complete with Casino, many restaurants, a few small friendly hotels and a number of exciting new developments.
Neighbours include Johnny Depp, Oprah Winfrey, Bill Gates, Michael Jordan and David Copperfield all of whom have recently bought houses in Exuma
Activities enjoyed locally include fishing (shallow water bone fishing with a fly rod or deep sea for Marlin) Scuba diving, snorkelling, sailing, canoeing, windsurfing, golfing on the near by Greg Norman Signature Golf Course or just lazing by a beach bar.
Both houses are offered for sale individually, alternatively we offer the entire Multi Build Plot where we have planning permission already granted for a third house with plans already drawn and passed.
Huge potential for rental income either on long term lets at $3,000 plus per month per house. Long term lets are in short supply on Exuma. The Four Seasons Hotel have a continual demand for staff accommodation and offer 12 month contracts whereby rent is paid whether they occupy the premises for the full twelve months or not.. Other developers new to the Island (such as Crab Quay Developments) have similar demands.
Short term holiday lets for similar properties on the Island run at $5,600 plus per week per house.
Capital appreciation on properties has been running at 15% per annum but is set to increase considerably as the Island quickly develops
Situated in the heart of the Caribbean, Nassau is 30 minutes away and Miami 50 minutes away by local Airlines.
Bedrooms : 2
Swimming Pool : No
Heating : Air Conditioning
Photos : Yes
Furnished : No