$37,900,000
For Sale

Ghc Berry Islands Bahamas

Other Fl City, FL 00000
Browse 66 photos
Type:Purchase
Structure:House
Zone:Residential

Description

GREAT HARBOUR CAY MARINA Berry Islands, Bahamas, and nearby Haines Cay represents a unique opportunity for discerning property developers. The operating 60 slip full-service marina is situated in the safest harbors of the Bahamas with an additional 1500 feet of potential dockage. The 265-acre private island is a rare confluence of unspoiled natural beauty and strategic positioning. Offering boundless potential to craft the Caribbean's most exceptional destination, only 150 miles from Palm Beach, FL, and 2.5 miles of pristine white sand beach creates a potential for luxury homesites in a natural enclave. Haines Cay is being sold with a supporting package of assets including an 18-hole Jack Nicklaus golf course with 9 holes in service, (150+ acres), and a 4.5-acre beachfront hotel site. One of the most attractive elements of investing in The Bahamas is the tax-free status accorded to income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. This tax freedom is available to all resident corporations, partnerships, individuals and trusts. Investors are also attracted to the stability of the economy, which is steadied by the solid value of the Bahamian dollar. This currency is pegged to the US dollar on a 1:1 ratio. US dollars and Bahamian dollars are used interchangeably throughout the island chain.The inducement of a tax-free environment and a stable currency are enhanced by a series of investment incentives that provide relief from customs duties on approved raw materials, equipment, and building supplies, as well as allowing exemptions from business licenses and real property taxes for up to 20 years.Additionally, Haines Cay sits a mere 600 feet off the eastern end of Great Harbour Cay, which boasts its own newly-built airport with customs and immigration facilities. The island's proximity allows for the possibility of a bridge connection, seamlessly integrating Haines Cay with Great Harbour Cay's amenities, conveniences, work force, and infrastructure. Further enhancing its value, Haines Cay is being sold with a supporting package of assets on Great Harbour Cay including an 18-hole golf course site (150+ acres), a 60-slip full-service marina (recognized as one of the most sheltered ports in the Bahamas), and a 4.5-acre beachfront hotel site.The combination of infrastructural advantages, amenity package, the island's natural beauty and strategic location make Haines Cay a remarkably compelling opportunity for savvy developers.25.7473 degrees N, 77.8595 degrees WTropic Ocean Airways and Makers Air have scheduled service from Ft. Lauderdale, Florida, to/from the island several times each week. Marine charts and cruising guides give clear directions to get to GHC from South Florida. For the type of boats assumed here, it is an easy trip - mostly based on weather and tide. Great Harbour Cay can be reached by passing either around the North end of Bimini or the South end (though the South end is a bit trickier). Both paths join long before the final approach to Great Harbour Cay Marina. It is important to note that the "cut" which must be passed through to enter the interior harbour and marina at Great Harbour Cay is nearly invisible until the final turn just outside.

  • Property Details
      • Lot FeaturesPaved Road, 11 to 25 Acres
      • Lot DescriptionPaved Road, 11 to 25 Acres
      • ViewOcean
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • SubdivisionGreat Harbour Cay Marina
  • Financial Details
      • Original List Price$37,900,000
      • Buying Agency Compensation2%
  • Other
      • MLS #FX-10428894

Location

Lynn A GansterRealtor
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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