Business

Carey: Interest in Eleuthera properties booming

Bahamas real estate mogul and businessman Mario Carey said yesterday that Eleuthera is “emerging as the family island real estate story of the year”, with real estate inquiries doubling the number that came into his offices last year and property prices on the rise.

The Better Homes and Gardens Real Estate MCR Bahamas president and chief executive officer contended in a statement that the “world is rediscovering Eleuthera” as people seek out his company to learn about properties on Eleuthera, Spanish Wells and Russell Island.

“During COVID-19, people began looking seriously at safe havens and where they could live with certain conveniences, but without the hassle or the density of a highly-populated urban area,” said Carey.

“Eleuthera has it all, especially the key factors of accessibility, affordability and availability.

“It’s also a beautiful place with great beaches and the fact that it now has good, reliable healthcare with several private clinics and an urgent care facility in Palmetto Point in Central Eleuthera, makes a difference because people feel a level of comfort that they may not feel on a more remote island.”

He added that another attractive quality of Eleuthera is accessibility, with United Airlines, American Airlines and Silver Airways servicing North Eleuthera from South Florida along with Bahamasair, Pineapple Air, Southern Air and Western Air from other parts of The Bahamas.

Carey contends there is a pilgrimage of Nassuvians to Eleuthera in search of retirement and primary homes.

“I’ve had several clients tell me personally or one of my partners, Tim Rodland or Tim Smith, that they feel they have spent enough time in Nassau, they want a place that is peaceful and where they can enjoy life and Eleuthera has what they are looking for,” he said.

“From boat mechanics to partners in a few of the most prominent law firms, there is a Nassau to Eleuthera movement afoot.”

MCR partner Tim Smith said in the statement that climate change is also a factor in the properties being inquired about and chosen, explaining that elevated properties are in demand.

“As buyers search for properties with elevation, Eleuthera hits that target,” said Smith.

“There are singular high spots in The Bahamas, like Mt. Alvernia in Cat Island, but there is nowhere else that has the rolling hills and general high elevation, yet stunning beaches like Eleuthera.”

“Prices are going up even as we speak, but fortunately bank rates are favorable, so I think we are going to continue to see an increase in interest and activity.”

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Chester Robards

Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian. Education: Florida International University, BS in Journalism

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