COMPANY PROFILE For those desiring to call The Bahamas home, the real estate broker of choice is HG Christie Ltd., the oldest and largest real estate firm in this island nation. Established by Sir Harold George Christie in 1922, HG Christie Ltd. represents the most extensive and best real estate offerings in The Bahamas with incomparable insight and passion.
HG Christie is also the Exclusive Bahamas Affiliate for the renowned and distinguished Christie’s International Real Estate company, the real estate division of the legendary Christie’s Auction House. With over 92 years of experience, HG Christie offers incomparable insights into Bahamas Real Estate. Celebrities, high net worth individuals and discerning clients return to HG Christie as a result of the genuine care and expertise they experience. Not one to rest on laurels, HG Christie is innovative! As the first local firm on the world-wide-web, HG Christie won accolades and awards and continues to remain on the cutting-edge of Real Estate innovation. Riding astride notable achievements and well-established practices, HG Christie adeptly holds the reigns of progress, offering clients incomparable representation. Keen analysis and visionary passion define the leadership and philosophy of this leading brokerage, making for outstanding experiences and results. HG Christie has 7 full service offices across The Bahamas, including a second location in the rapidly developing western area of New Providence at Old Fort Bay Town Centre and representation in several other islands. Entrenched in local knowledge and possessing an honest love of The Bahamas and the people it serves, HG Christie is…“The Trusted Authority in Bahamas Real Estate.”
HGChristie.com
HGChristie.com
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in this issue 6-7
A Message from John Christie, CEO
8-9
Globel Luxury Real Estate Report
10-14
Private Islands
19-20
Kishan Munroe
24-37
Eleuthera
38-43
Eleuthera Rentals
44
Investment Guidelines
45
Appraisal Services
HGChristie offices across
BAHAMAS
The Bahamas is truly an investor’s paradise for many reasons including a skilled professional workforce, stable government and economy, sound legal framework, modern infrastructure, proximity to key markets and investment incentive policies.
A Message From John Christie CEO, HG CHRISTIE LTD.
O
ur reputation for being the ‘Trusted Authority in Bahamas Real Estate’ has been earned. It is the direct byproduct of almost a century’s worth of earnest interactions steeped in ethics and excellence. When HG Christie opened its doors over 92 years ago in 1922, real estate in The Bahamas was forever changed and established as a legitimate business. Methods of business where sales contracts were written on cocktail napkins and then sealed with a handshake were now held to higher accountability. Sir Harold’s determined vision led to building an office, guiding regulated licensed Bahamas real estate transactions and the maturation of a company propelled by progressive ideas and innovative concepts. It is safe to say that technology will continue to change our world; not only in business and the real estate industry, but our lives on the whole - in new and exciting ways. Yet, at a time when there were no websites, apps, or even yard signs, a client relied almost entirely on their agent for all needed information, Sir Harold George Christie’s renown for trusted relationships drove his success. With a steadfast focus beyond providing the ‘latest and greatest’, he developed and cared for the relationships he built not just for a transaction, but for a lifetime.
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“HG Christie... delivering service, excellence and developing trusted relationships.”
Today, HG Christie Ltd. has 7 offices across The Bahamas providing cutting-edge technology and world-class results; we remain nimble and responsive to innovation. However, while we love what technology has done for real estate, for our skilled team of licensed professionals and associates ‘delivering service excellence and developing trusted relationships’ remains our core concern. We look forward to providing all of YOUR Bahamas Real Estate needs with distinction,
[on buying a private island]
“Money doesn’t buy you happiness, but it buys you a big enough yacht to sail right up to it.” - Johnny Depp
private islands
private islands
WALKER’S CAY ABACO CAYS
“Your private island specialist with over 20 years experience.”
JOHN CHRISTIE 242 322 1041 . 242 357 7572 John@HGChristie.com
Known by fishermen worldwide as the premier deep-sea fishing and diving destination this 58-acre private island at the northern tip of the Abaco Cays is the ultimate resort escape. Walker’s Cay features a 2,800 ft. airstrip, state-of-the-art electric generating facility, marina, sandy beaches, and a close proximity to the Matanilla Shoal which make its fishing unmatched. Approvals are also in place for a second marina, new hotel and retail space, over 100 residential units, and beach and yacht clubs. OFFERED AT $18,000,000 ON THE WEB AS12368
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private islands BIRD CAY BERRY ISLAnDS
Just 30 minutes by air from nassau and in the center of the South Berry Islands national Marine Reserve is this 250-acre island with nearly 5 miles of water frontage. Chub Cay with marina and airstrip lies to the west, while Whale Cay to the east has a 4,000-foot runway and harbour. This island paradise is tailormade for a business retreat, family compound or eco-resort. OFFERED AT $11,900,000 ON THE WEB BS10593
BIG GRAND CAY ABACO CAYS
An 8 island chain encompassing over 200-acres includes Seahorse Cay, Mermaid Cay, Sponger’s Cay, Felix Cay, plus Big Grand Cay and its 4 bedroom hilltop residence with 360-degree views. Two guest houses, utility and storage buildings, and a caretaker’s quarters are other key improvements. Enjoy privacy, tranquility and everything needed for modern island living. OFFERED AT $11,500,000 ON THE WEB AS11949
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private islands
POWELL CAY ABACO CAYS
Beauty and tranquility abound at this island paradise filled with development potential and ideally located just three miles from Abaco’s mainland, and close to Spanish Cay with its 81slip marina and 5,000 ft. airstrip. The island comprises 292acres with a portion being held for a nature reserve, making it perfect for a luxury resort or private recreational use. OFFERED AT $9,400,000 ON THE WEB AS12305
CAVE CAY ABACO CAYS
Well suited for development as an eco-resort, boutique hotel, or private estate, this distinctively shaped cay of approximately 220-acres boasts rolling hills, sandy beaches, lagoons and protected harbours. Crystal clear waters surround this unspoiled paradise which enjoys tropical breezes all year round, plus a convenient location just 20 minutes from Little Abaco. OFFERED AT $5,995,000 ON THE WEB AS12183
JOHNNY’S CAY ABACO CAYS
This desirable and fully functional, turn-key private island is the perfect investment - ideally located between Elbow Cay and Man-O-War Cay, plus boasts utilities directly from the mainland. Totaling nearly 4.5-acres, Johnny’s Cay features a 2 bedroom main residence, a separate guest house, two amazing beaches, a man-made marina and offshore reefs. OFFERED AT $5,995,000 ON THE WEB AS12325
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private islands
JOE’S CAY ABACO CAYS
This 35-acre private island crowns a supreme location just south of Stranger’s Cay and near the airstrips at Walker’s Cay and Spanish Cay. This sunny isle has elevations to 15 ft., moderate anchorage, two beaches, and the possibility to construct a mini-marina. A veritable paradise for boating, fishing, and diving. Ideally suited for a family retreat or vacation getaway. OFFERED AT $2,225,000 ON THE WEB AS10800
FINLEY CAY ELEUTHERA
Finley Cay is only an hour by boat from nassau and easily accessed from the Exuma Cays and north Eleuthera. This 13acre island offers numerous alternatives for the distinguished vacationer, nature lover, or sports enthusiast. Promising as a secluded retreat, this hideaway enjoys sandy beaches, spectacular views and an abundance of bird and sea life. OFFERED AT $1,695,000 ON THE WEB ES11352
BONEFISH CAY AnDROS
This rare, 6-acre gem in the middle Bight of Andros provides excellent bone fishing, complete privacy, and the opportunity to create a luxury lifestyle. The island was developed with a cottage, meandering pathways, and a concrete pad perfect for the construction of a getaway home. Features include 10 ft. elevations, three beaches, and the remnants of a stone dock. OFFERED AT $599,000 ON THE WEB DS10628
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when it comes to
BAHAMAS REAL ESTATE...
Our team speaks nearly half a dozen languages, including French, Portugese, Greek, Swiss German and Spanish. This ensures our clients comfort and ease throughout their en tire real estate process.
Whether you are buying or selling BAHAMAS REAL ESTATE, we speak your language. 242.322.1041 242.362.4076 Sales@HGChristie.com www.HGChristie.com
we speak your language.
french
NEIL ABERLE
ELBERT THOMPSON
E: Neil@HGChristie.com C: 242.577.0277 Contactez-moi, Je parle Francais
E: Elbert@HGChristie.com C: 242.427.5743 Contactez-moi, Je parle Francais
Estate Agent
portuguese & french
Broker/Appraiser
greek
CARA CHRISTIE
JOHN CONSTANTAKIS
E: Cara@HGChristie.com C: 242.457.3562
E: JConstantakis@HGChristie.com C: 242.424.8669 Ε ικοινωνἠστε µαζἰ µου, Μιλὠ Ελληνικἀ
Estate Agent/Rental Manager
Entre em contato comigo, Eu falo Purtugues & Je parle Francais
spanish
Estate Agent
german
RYAN KNOWLES
IOLA KNOWLES
E: Ryan@HGChristie.com C: 242.376.7731 Contáctame, Yo hablo Espańol
E: Iola@HGChristie.com C: 242.376.7600
Estate Agent
Estate Agent/Appaiser Assoc.
Bitte kontaktieren Sie mich, Ich spreche Schweizerdeutsch
K
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THE ART OF LIVInG : ILLUMInATInG ISLAnD LIFE
I
n order for people to understand my direction, they would need to take a look at my early history. In 2008, I set out on the first phase of a project entitled The Universal Human Experience, and the goal was to travel around the world documenting conflicts and resolutions. For two years I travelled mainly around the Caribbean and the Americas. I would make it a subject. During my research, I came across the Flamingo incident and realised how much information hadn ’t b e e n p u t o u t t h e r e , h o w m u c h r e c o g n i t i o n i t wasn’t getting. It was basically lost in our
archives or the information was misrepresented. nobody paid attention to it even though every year they have a ceremony. It had just become a r i t u a l b e c a u s e p e o p l e d i d n ’t r e a l l y k n o w t h e g r a v ity of the story.
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“The Bahamas Real Estate Review”
2013 Issue
ltd.
•in-house real estate guide; •over 40,000 copies published annually; •distributed free throughout The Bahamas and around the globe.
•e-publication to thousands of readers; •showcasing listings and updates from the local Bahamian market; •productive click throughs and leads.
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•in-house design services and marketing support; •electronic and print publications locally and around the globe showcasing properties from across the Bahamas.
Maximum Listing Exposure
Oceanfron nfrontt Luxu
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Janet W Watts atts . C: 242 357 0960 E: Janet@HGChristie .com George Town Town Exuma, The Bahamas www.HG www.HGChris Christie.c tie.com om
T: T: 242 336 2274
•full colour brochures for our exclusive listings; •distributed to local and global markets.
to buyers and sellers BESPOKE MARKETING Christie’s International Real Estate
Extraordinary estates require a specialized approach. The bespoke services offered by Christie’s International Real Estate elevate property marketing to new levels through superb execution, comprehensive implementation, personalized attention, and flexible opportunities.
•Private Placement •Christie’s International Real Estate Magazine a quarterly publication with direct mailing to over 280,000 readers.
Persuasive marketing strategies may include: •Far-reaching Web Impact •Artfully designed brochures •Expert Public Relations •Podcasts, Microsites, and DVD Promotion •Direct Mail Campaigns •High-visibility Print Advertisements •Christie’s Events •International Auction Exposure •Video Presentations •Portable Promotion Banners
Contact HG Christie Ltd., your Exclusive Christie’s International Real Estate Affiliate in the Bahamas, to find out how your property can benefit from this effective, comprehensive Bespoke Marketing Program.
ELEUTHERA E
leuthera – the name says it all, coming
from the Greek word eleutheros, meaning Freedom. It was so named by the Eleutheran Adventurers, a group of shipwrecked puritans in the late 17th Century whose spirit still inhabits the island to this day… so if its freedom that you seek, then freedom you shall find on this hundred-mile long wisp of an island. Juxtaposing the energy of the Atlantic on the eastern shores with the calm serenity of the shallow banks to the west, Eleuthera continues to attract freedom-seekers of all types – artists inspired by the colourful characters and timeless settlements, surfers chasing swells, wreck divers exploring the infamous Devil’s Backbone, naturists, bone fishermen and cruising sailors. With direct flights from Florida, modern day Eleuthera strikes the perfect balance of rugged adventure and modern-day comfort. Here you’ll find off-the-grid boutique hotels, luxury homes, eco developments, and fine dining. And once you’ve explored all the mainland has to offer, there’s always Harbour Island just a water taxi ride away, an islandchic getaway for celebrities and bon viveurs with some of most classic real estate in The Bahamas.
• • • • • •
About Eleuthera
Over 110-Miles Long Rich Bahamian History World-renown Surfing Famed Pink-Sand Beaches Known as ‘The Island of Freedom’ 250-miles off Florida’s South Coast Investment Updates
• The Cove Eleuthera Hotel Scheduled to Reopen • French Leave Resort Construction to Begin
eleuthera
eleuthera
UNDERSTATED ELEGANCE GOvERnOR’S HARBOuR
“Devoted to your satisfaction in real estate needs; specializing in Eleuthera, and the Bahamas.”
RHONDA WATON 242 332 3404 . 242 359 7019 Rhonda@HGChristie.com
nestled on 1.5 acres within the private and history-filled community of Wykee Estates, lies this 3 bedroom retreat ideal for family and entertaining. A neutral colour palette is complemented by subtle pops of the tropics, while vaulted ceilings add elegance to the open floorplan, and the blue-hued waters of the Caribbean Sea in the distance provide a breathtaking backdrop. Outdoors, an enclosed patio leads to a two-tiered deck design with upper and lower lounge areas to choose from, plus an outdoor kitchen. OFFERED AT $1,900,000 ON THE WEB ES11455
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eleuthera PURE BLISS GREGORy TOWn
The epitome of beach front living, this turn-key getaway invites you to laze away the days. Comprising 5.7 acres on Gaulding Cay Beach and located close to The Cove Resort and Eleuthera’s famous Glass Window Bridge, this home is the ultimate address. Four bedrooms include two master suites, plus there is a bonus room that can accommodate guests. OFFERED AT $1,875,000 ON THE WEB ES11461
UNDERSTATED BEAUTY ROCK SOunD
Reminiscent of a bygone era, this sprawling 5 bedroom beach hideaway extends from sea-to-sea overlooking the former Cotton Bay Club. The interior is furnished in eclectic style and features sliding glass doors in every room that embrace indoor/outdoor living. The property has deeded road access to launch your boat or build a dock at the nearby beach inlet. OFFERED AT $1,250,000 ON THE WEB ES11459
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eleuthera
BAREFOOT ESCAPE WInDERMERE ISLAnD
Private island living awaits at this newly built 3 bedroom home perched atop the bluff with 220 ft. of waterfront and views over Savannah Sound from every room. OFFERED AT $1,500,000 ON THE WEB ES11463
TURN-KEY GOvERnOR’S HARBOuR
Stylish 4 bedroom getaway offers all-around views, decks to choose from, plus snorkeling, diving and fishing the pink sands of French Leave Beach at your doorstep. OFFERED AT $1,237,000 ON THE WEB ES11365
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eleuthera
UNSPOILED ACREAGE WInDERMERE ISLAnD
Located on a private island community just off Eleuthera’s mainland is this 6.9 acre peninsula with expansive views and perfect privacy. The property is defined by almost 3,000 ft. of shoreline extending from the Atlantic Ocean to the Caribbean Sea, and a 240 ft. palm-fringed beach cove. The coastline offers the potential to construct a dock and a boat ramp. OFFERED AT $3,250,000 ON THE WEB ES11374
CASUALLY ELEGANT GOvERnOR’S HARBOuR
This well elevated residence on nearly a half acre is just a short walk to Club Med and a town filled with rich history. Spacious, inviting and well designed, the 4 bedroom home is turnkey with attention to details and an abundance of natural light throughout its interior. Walk-around decks and private balconies ensure relaxed island living at any time of the day. OFFERED AT $995,000 ON THE WEB ES10617
180- DEGREE VIEWS GOvERnOR’S HARBOuR
uniquely designed, 4 bedroom home sits high on a hill within the private Wykee Estates community. Spacious interiors are accented by cathedral ceilings, a modern kitchen and guest quarters with its very own gym. Lounge on 1,200 sq. ft. of decks, or tap into your creative side in the artist’s studio. Hut Point Beach and the community pool are just steps away. OFFERED AT $975,000 ON THE WEB ES11464
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To go out with the setting sun on an empty beach is to truly embrace your solitude. Jeanne Moreau
eleuthera
ISLAND OASIS LITTLE BAy
“Having been embraced by the beautiful shores, people and culture of Eleuthera, it is my great fortune to assist others with finding their paradise.” ANNE BETHEL 242 332 3404 . 242 470 9921 Anne@HGChristie.com
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Discover a turn-key haven right on the water’s edge and surrounded by acres of tropical vegetation. Charm and comfort characterize this vacation destination filled with views of the Caribbean Sea and loads of cozy spots. Perfect for entertaining, the main level hosts open living and dining areas, a state-of-the-art kitchen, plus two bedroom ensuites. Funfilled recreation and room for guests can be found on the lower level. Additional highlights include a single car garage, ample storage space and snorkeling just offshore. OFFERED AT $895,000 ON THE WEB ES11454
eleuthera
PEACEFUL PARADISE PALMETTO POInT
This amazing beachfront property offers a range of opportunities from being the site of your new island home to an exciting development venture. Pink-sand beach coves sit at the base of 6 acres of clifftop land providing endless views and cool breezes. Everything needed for comfortable island living is within easy reach including the airport, shopping and dining. OFFERED AT $975,000 ON THE WEB ES11421
LIVE ON THE EDGE ELEuTHERA ISLAnD SHORES
Twin clifftop lots set high above the beautiful waters of the Caribbean Sea are the perfect location for your vacation home or retirement hideaway. Each property comprises 10,650 sq. ft. with dramatic views extending across the horizon. Surfer’s Beach is just a stone’s throw away, while the north Eleuthera Airport and Harbour Island are within close proximity. OFFERED AT $60,000 ON THE WEB ES11453
BIRD’S EYE VIEW ELEuTHERA ISLAnD SHORES
In a quiet island community, just minutes from the airport at north Eleuthera, you’ll find this well elevated homesite with views as far as the eye can see. The property boasts a generous 11,000 sq. ft., 80 ft. of waterfront and a wonderful ambience that is perfect for your island retreat. nearby you can experience lots of cultural activity, plus shopping and dining. OFFERED AT $60,000 ON THE WEB ES11449
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eleuthera TIMELESS ELEGANCE WInDERMERE ISLAnD
Sophisticated, yet simple 3 bedroom, Caribbean-style home boasts 4.4 acres with nearly 300 ft. of beach on an exclusive island just off of Eleuthera’s mainland. Built and designed by one of the Bahamas’ most distinguished architects, “Dolphin House” provides sweeping views throughout, plus a collection of shaded patios to relax at any time of day. OFFERED AT $2,900,000 ON THE WEB ES11475
RUSTIC ELEGANCE GOvERnOR’S HARBOuR
Constructed more than 100 years ago, this Bahamian cottage across from the bay at Governor’s Harbour is a true piece of Eleuthera’s heritage. Showcasing a weathered natural charm, this 3 bedroom home enjoys breathtaking water and sunset views, a relaxing sunroom and a covered front porch spanning the entire width of the home. OFFERED AT $595,000 ON THE WEB ES11353
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Our Referral Agents
Licensed. Talented. Multifaceted.
TIM COVINGTON
ROBBIE BETHEL
“A focused and targeted individual ready to provide his clients with the right solution at the right time resulting in a win/win outcome.” TIM COVINGTON 242 322 1041 . 242 424 2403 Tim@HGChristie.com
ROBBIE BETHEL 242 366 0272 . 242 577 8533 Robbie@HGChristie.com
JACKIE KEMP
Still Expanding JACKIE KEMP 242 334 2298 . 242 557 7895 Jackie@HGChristie.com
our Team! HGChristie.com
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eleuthera
FAR HORIZONS WInDERMERE ISLAnD
“Striving to give the best service to all clients, while using my 20+ years in real estate business to guide and support throughout the entire sales process.� JOHN CHRISTIE 242 322 1041 . 242 357 7572 John@HGChristie.com
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Situated on just over 3 acres on the exclusive Windermere Island, Far Horizons was the last commission designed by Hal Levitt. This turn-key beach residence has 3 bedrooms, 3.5 bathrooms, and a large double-sided fireplace. Tall glass windows that face the sea make the most of the view, while a large open deck overlooks the beach. The home is built into the dunes and blends beautifully with the surrounding beachscape. Amenities include a salt water heated pool and cabana, plus a two story guest house. OFFERED AT $6,000,000 ON THE WEB ES11478
eleuthera
LITTLE BAY SAvAnnAH SOunD
“To help everyone, no matter how small the transaction and to be a great ambassador for HGC.� ANGELA DARVILLE 242 332 3404 . 242 554 6336 Angela@HGChristie.com
A gorgeous piece of 25,351 sq. ft. land, gently wooded leading down to the shore of the pure, crystal clear waters of the Carribean or Leeward side of the island of Eleuthera. This is an idyllic spot to build a home as the views are lovely, the water inviting and perfect for swimming and snorkeling all year round. Stunning Ten Bay beach with its half moon of pure white sand, is just around the cove. This is a tranquil location with shops and amenities not far away, including 2 airports each about 30 minutes away. OFFERED AT $130,000 ON THE WEB ES11485
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“...What’s beautiful about beach communities is for whatever reason, they feel like vacation to me.” Hill Harper
vacation rentals
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eleuthera rentals
BEACHFRONT ELEGANCE windeRmeRe iSland
Bedrooms: 7 Bathrooms: 7 Sleeps: 18 brand new, spacious beachfront home combines luxury and comfort with the peace and relaxation of this secluded island. Amenities: movie theatre, fully equipped office, infinity pool, gym, plus snorkeling gear. OFFERED AT $11,999/week
ON THE WEB eR10555
TIR NA NOG GoveRnoR’S haRbouR
Bedrooms: 5 Bathrooms: 6 Sleeps: 12 enchanting beach estate has a spacious main villa, two separate 1 bedroom bungalows, plus inviting relaxation spots. Amenities: beach, tennis courts, outdoor decks and available concierge services. OFFERED AT $8,000/week
ON THE WEB eR10585
SEVEN PALMS palmetto point
Bedrooms: 6 Bathrooms: 4.5 Sleeps: 10 Secluded 30 acre estate on a 500 ft. private pink-sand beach promises a relaxing vacation. Amenities: Great snorkeling offshore, large outdoor patio, and two master bedrooms. OFFERED AT $7,490/week
ON THE WEB eR10593
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eleuthera rentals
LA BOUGAINVILLEA palmetto point
Bedrooms: 3 Bathrooms: 2.5 Sleeps: 6 moroccan-style beach estate on 30 acres is a true paradise getaway offering pure relaxation. Amenities: outdoor entertaining area, swimming pool, 500 ft. of pink-sand beach, and landscaped gardens. OFFERED AT $7,350/week
ON THE WEB eR10571
THE YELLOW HOUSE GoveRnoR’S haRbouR
Bedrooms: 4 Bathrooms: 4.5 Sleeps: 9 Spacious and elegant bahamian-Colonial perched high on a hill offers a serene vacation experience. Amenities: wrap-around verandahs, swimming pool, ocean views, and just a short stroll to the beach. OFFERED AT $5,250/week
ON THE WEB eR10575
ENDLESS SUMMER double bay
Bedrooms: 5 Bathrooms: 5 Sleeps: 12 a beachfront treasure on nearly 3 acres offers gracious vacation living. minimum 7 nights stay required. Amenities: Relaxing patios, sweeping atlantic views, and over 200 ft. of pink-sand beach. OFFERED AT $4,950/week
ON THE WEB eR10597
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The SEA lives in every one of us. - Wyland
eleuthera rentals
SEVEN PALMS palmetto point
Bedrooms: 6 Bathrooms: 4.5 Sleeps: 10 Secluded 30 acre estate on a 1,200 ft. private pink-sand beach promises a relaxing vacation. Amenities: Great snorkeling off shore, large outdoor patio, and two master bedrooms. OFFERED AT $7,490/week
ON THE WEB eR10593
ON THE ROCKS GoveRnoR’S haRbouR
Bedrooms: 4 Bathrooms: 3 Sleeps: 6 peace and privacy await at this nearly 11 acre beach estate offering a main residence, plus guest cottage. Amenities: Caribbean decor, spectacular views, and 350 ft. of pink-sand beach. OFFERED AT $4,000/week
ON THE WEB eR10606
THE YELLOW HOUSE GoveRnoR’S haRbouR
Bedrooms: 4 Bathrooms: 4.5 Sleeps: 9 Spacious and elegant bahamian-Colonial perched high on a hill offers a serene vacation experience. Amenities: wrap-around verandahs, swimming pool, ocean views, and just a short stroll to the beach. OFFERED AT $5,250/week
ON THE WEB eR10575
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exuma
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T 242 336-2274 F 242 336-2272 E rentals@hgchristie.com W HGChristieRentals.com
LEGAL FEES
• Both the buyer and the seller are responsible for 2.5% legal fees on the sale of property.
REAL ESTATE COMMISSION • Developed property, residential/commercial
6%
• Undeveloped property
10%
guidelines PROPERTY TAX RATES • Owner-occupied property (residential and licensed rental homes) - The first $250,000 of market value - Between $250,000.01 and $500,000 - Between $500,000.01 and $5 million - Over $5 million
Exempt .75% 1% 25%
- Owners/operators of owner-occupied rental homes pay a hotel guest tax of 10% of the total room rate collected from renters additional to the rental rate. • Vacant land owned by non-Bahamians - The first $7,000 of market value - Portion over $7,000
$100 1.5%
• All other properties/commercial - The first $500,000 of market value - Portion over $500,000
1% 2%
GOVERNMENT STAMP TAX Value Added Tax • As of January 1, 2015, VAT charges of 7.5% will be levied on commissions, legal fees, and appraisals, as well as commercial property transactions including the sales price, rentals and Common Area Maintenance (CAM). 110
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• Up to and including $20,000 • From $20,000.01 to $50,000 • From $50,000.01 to $100,000 • $100,000.01 to $250,000 • Over $250,000
4% 6% 8% 10% 12%
The buyer and seller each pay half of the stamp tax unless otherwise agreed upon. Stamp tax on mortgages is payable at 1% on the amount borrowed.
appraisal
APPRAISAL TYPES • Residential • Commercial • Estate Probate • Private Islands • Developed or Vacant Land
services
REGISTERED BANKS/ MORTGAGE COMPANIES H.G. Christie Ltd., 'The Trusted Authority in Bahamas Real Estate for • British American Bank • Commonwealth Bank • Bank of The Bahamas Ltd. • Ansbacher (Bahamas) Ltd. • Scotiabank (Bahamas) Ltd. • Finance Corporation of the Bahamas (FInCO) • CIBC First Caribbean International (Bahamas) Ltd. • Family Guardian Insurance Co. • The Bahamas Mortgage Corp. • EFG Bank & Trust (Bahamas) Ltd. • Fidelity Bank (Bahamas) Ltd. • Butterfield Bank (Bahamas) Ltd. • Teachers & Salaried Workers Cooperative Credit Union
ELBERT THOMPSON BROKER/ APPRAISER nASSAU T: 242.322.1041 C: 242.427.5743 130
HGChristie.com
IOLA KNOWLES ESTATE AGEnT/ APPRAISER nASSAU T: 242.322.1041 C: 242.376.7600
over 90 Years', proudly offers valued clientele timely, trusted and stateof-the-art appraisal services across The Bahamas. Licensed by the Bahamas Real Estate Association and recommended by leading financial and legal institutions, HG Christie's courteous and professional appraisal team maintains a cutting-edge in their field through relevant training, trends and technology. HG Christie Appraisal Services and quotes may be requested online at HGChristie.com with a 24 Hour Guaranteed Response. WWW.HGCHRISTIE.COM APPRAISALS@HGCHRISTIE.COM
RYAN KNOWLES ESTATE AGEnT/ APPRAISAL ASSOC. nASSAU T: 242.351.8501 C: 242.376.7731
CHIARA PETRUCCI ESTATE AGEnT/ APPRAISER GRAnD BAHAMA T: 242.351.8501 C: 242.727.2030
DWAYNE WALLAS ESTATE AGEnT/ APPRAISER ABACO T: 242.367.5454 C: 242.359.6046
JANET WATTS BROKER/ APPRAISER EXUMA T: 242.336.2274 C: 242.357.0960
THE CLIFFS CABLE BEACH
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Cara Christie 242 322 1041 Ryan Knowles 242 376 7731 242 322 1041 - www. www.HGChristie.com HGChristie.com
DISCOVER THE ISLAND LIFESTYLE AND TIMELESS HERITAGE OF DEEP WATER CAY.
%FFQ 8BUFS $BZ IBT CFFO LOPXO TJODF BT UIF #BIBNBT QSFNJFS mTI ing destination. Today it is becoming known as an ultra private island retreat with an unpretentious and low-key lifestyle. Boaters and their guests enjoy a wide variety of on-island amenities, a 4,000 ft private SVOXBZ mOF EJOJOH BOE mUOFTT NBTTBHF TFSWJDFT " MJNJUFE OVNCFS PG home ownership opportunities are available, all of them oceanfront.
HGChristie.com - 242.322.1041 - Bahamas