As pandemic travel restrictions and lockdowns eased both locally and abroad in early 2021, the Bahamian luxury housing market quickly began making a comeback. Interested buyers were discovering The Bahamas for its convenient proximity to the U.S. mainland and as viable destination for second and vacation homes for a number of desirable reasons including its stable government and economy, safe and friendly communities and famed natural beauty.
Condo Vikings and Jolie Luxury Homes have over 20 years of experience in luxury real estate in The Bahamas and have been at the forefront of the real estate boom connecting buyers and sellers through every stage of the sale. Created by Sweden-born, 43 year-old (and 20-year resident of The Bahamas) Gustaf Hernqvist, the two companies have shared a significant part of the market, producing more than $50m in sales in the second quarter of 2021.
“The Bahamas is still relatively undiscovered in luxury real estate and has enjoyed an upward growth trajectory making it an ideal emerging market with an increasing amount of investment opportunity,” says Hernqvist.
The Bahamas not only offers some of the world’s most gorgeous beaches and stylish communities, but it also offers a number of financial advantages and proactive incentives for investments and a host of other benefits:
Location, Location, Location: The Bahamas enjoys a close proximity to Florida (just 55 miles from the coast) and has direct flights to all major cities including London, New York, Miami, Toronto making Nassau an effortless destination to invest in.
Financial Benefits: The Bahamas are the premier banking and financial center of the Caribbean and is a tax haven with capital gains, corporate earnings, personal income, inheritance and dividends all tax-fee. Also, buyers of residences valued at $750,000 or more are eligible to apply for permanent residency in the Bahamas.
Ease of Lifestyle: English is the official language, U.S. currency is accepted, and real estate laws are similar to the U.S. The predominantly English-speaking workforce is made up of highly trained industry professionals.
Local Infrastructure: The Bahamas is an independent nation with compliant legislation and consultative legislative approach with essential public services, modern infrastructure and health care system. The capital of Nassau is a cosmopolitan city, full of world class amenities and telecommunications.
Below are two exemplary listings represented by Jolie Luxury Homes that are currently on the market showing the caliber of luxury the company represents and level of detail and care that go into each listing.
Charleston House, New Providence: Priced at $4,450,000. Perfectly situated on Charleston Lane in the coveted gated community Old Fort Bay, this turnkey canal front home is a homeowners dream featuring four bedrooms and four and half bathrooms in 5,000 square feet of living space. The lushly landscaped backyard has a large patio with multiple seating areas, pool with water features and 65 foot dock on the properties 75 foot of canal frontage. Located on the northern shores of New Providence, this exceptional community is anchored by the historic Old Fort Bay Club, offering first-class amenities including a pool, fitness center, beach bar and restaurant and the most beautiful beach on New Providence with tennis courts and children’s playgrounds nearby.
Cala Rum Dum, New Providence: Priced at $14,500,000. Surrounded by lush tropical landscapes, this contemporary bungalow style home is situated on the cul-de-sac of Fincastle Island within Old Fort Bay. This one-of-a-kind property includes an adjacent lot creating an opportunity to build an estate home on over 1.5 acres of canal front land. Cala Rum Dum offers 5,600 square feet of living space within a three-bedroom open concept main residence and a two-bedroom guest cottage. The custom designed kitchen features zinc and butcher block countertops, Wolf and Sub-Zero appliances. Distinguished features include a built-in indoor and outdoor audio/visual entertainment system and the outdoor living spaces offer dining and relaxation areas and a notable outdoor kitchen complete with a Wolf BBQ and refrigerator. The combined 67,964 square feet lot offers 800 feet of canal frontage, a large IPE deck with a 60′ long Bali Sukabumi tiled pool with a saltwater heating system and a petanque court adjacent to the guest cottage.
From development, property management and sales, the team at Condo Vikings and Jolie Luxury Homes engage a modern and sophisticated approach to marketing luxury home sales with an extensive database and a youthful tenacity providing clients with unrivaled service. With enthusiasm and a wealth of knowledge of The Bahamas, the team show clients how to live the island dream in this ever-popular destination.
For more information visit www.jolieluxuryhomes.com and www.condovikings.com. Follow on Instagram and Facebook @jolieluxuryhomes and @condovikings.
