Record price fetched for Paradise Island property

A property at Ocean Club recently sold for an undisclosed amount, but it is understood that the last asking price of $37.5 million meant the property went for a record closing price for the island community, a press statement from HG Christie explained.

Broker realtor John Christie and agent Dylan Christie called the deal “historic”.

John Christie contended the sale is an example of the continuing robustness of the country’s real estate market.

“This was a record-breaking sale as the highest price achieved on Paradise island and one of the top single-family home purchases in the country,” said Christie.

“La Ceiba is a very special property, set on two lots on Cabbage Beach in the Ocean Club Estates. There is simply no other house like it.”

The statement added: “The 2.33-acre property is a private oasis of Asian-infused luxury, complete with waterfalls, pools and 300 feet of spectacular beachfront that takes your breath away, making it like none other on the market.

“With impeccably maintained residences, La Ceiba has ten bedrooms, nine full bathrooms, and is also an entertainment hub with cinemas, game rooms, manicured croquet/bocce ball green, infinity edge pool, lap pool and beach.

“The 2,400 sq. ft. main house has seaside verandahs, features recreation spaces, outdoor lounging areas, two kitchens, a gym, wine cellar, four-car garage, and mechanical rooms. Two tennis courts and a children’s playground are adjacent to the property, while the Tom Weiskopf championship golf course and protected private marina are only a golf cart ride away.”

John Christie said interest in this market from international cash buyers remains strong.

He said The Bahamas’ tax neutrality, proximity to the US, and direct flights from London, remain top selling points for international buyers.

“The Bahamas is the place to be, not to mention we are a 50-year-old successful, thriving real democracy,” said Christie.

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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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