The warm turquoise waters are not just the perfect place for sailing but also for swimming, snorkeling, scuba diving, island-hopping, beachcombing, bone fishing or simply relaxing in the sun.

The delightful interiors offer one-bed units that sleep up to 4 with sofa bed; two-bed units that sleep up to 6. Each bedroom has a full-size ensuite bathroom. Central air conditioning and ceiling fans in lounge and bedrooms, but the 9’ ceilings will allow for a cool, stylish interior! All units will be fully furnished with high- quality furniture in the Bahamian style. Purchasing a property in the Bahamas entitles you to apply for a "homeowner’s card", allowing you to reside in your property for as much of the year as you like.

There will be a solar-heated freshwater swimming pool with Jacuzzi, with a large patio area and sun loungers/ parasols. The development will benefit from great landscaping and peaceful gardens surrounding the apartments.Building is scheduled to begin mid 2007, with completion early 2008

Finance

Pre-construction prices are either $265,000 for 1050 sq ft unit or $390,000 for 1565 sq.ft unit. Unit sizes include balcony. Both ground floor and first floor units are available. Pre-construction prices are scheduled to increase by 10% once construction is underway.

Payment Schedule:
$1,000 Reservation fee
40% Within 4 weeks of reservation (less reservation fee)
40% On completion of foundations
20% Exchange of contracts

1% discount for each additional 20% paid at time of first installment

Purchase Costs:
In The Bahamas, stamp duty is normally shared between the buyer and seller.
The buyer and seller are each responsible for legal fees of approximately 2.5%.
The first $250,000 of property is tax exempt. The next $250,000-$500,000 is subject to
an annual government property tax of 0.75%.

The tax haven status of the Bahamas has made the islands a wise place to invest.
There are no capital gains, income or inheritance taxes.

Rental services can be arranged for those wishing to rent out their apartment and rental returns on the island are particularly good, with year-round potential.
One can expect around $1,000 per week for a 1-bed or $1,500 for a 2-bed unit. Maid service is available on request for a small fee.

Maintenance Fee
$175 per month for 1-bed units; $245 for 2-bed units.
This covers:
Upkeep of communal garden and pool area
Weekly refuse collection from Queens Highway
Maintenance of utility supplies, including water and electric
Delivery of drinking water bottles
Other routine and admin expenses