04082019 HOME BUYERS' GUIDE

H ome Buyers’ Guide The Tribune

Monday, April 8, 2019

The Bahamas Source For Homes, Condos, Apartments, Lots & Rentals

#38

Ocean Club Estates Better Homes & Gardens Real Estate | MCR Bahamas Group

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THE TRIBUNE, HOME BUYERS’ GUIDE

www.grahamrealestate.com | Phone: (242) 356-5030 3A Gemini, Albany - Marina Residence

4Bd, 4.5Bth | Furnished | Living Area: 4,156 sq. ft. | MLS: 36241

$5,250,000

Ref: 22751

Colony Bay, Grand Baham

7Bd, 7.5Bth | Canal Front Home Lot 87,120 sq. ft. | Living 14,000 sq. ft.

Ref: 20489

$7,000,000

#82 Sunset Drive

3Bd, 4Bth | Port New Providence Fully Furn. | Pet Friendly |15,110 sq. ft.

MLS: 21943

$7,000 p/m

Jacaranda Close #3

Sandyport | Canal Front Home 4Bd, 3Bth | Furnished | 2.195 sq. ft.

Ref: 12449

Indigo House, Atlantic Drive 5Bd, 4.5Bth | West Bay Street Furnished | Pool | MLS: 36680

Gleniston Gardens

$95,000

Gregory Graham President/Broker

Laura Kimble Broker

$8,000 p/m

Ref: 23227

Cape Santa Maria

Prince Charles Drive | Lot 5, Block 29 Lot size: 10,500 sq. ft. | MLS: 33932

Ref: 20779

Reduced $595,000

Long Island | Lot B11 1.24 Acres | MLS: 18536

$430,000

Ref: 6595

June Russell Broker

Dolly Griffin Sales Agent

Sophia Porras Sales Agent

707 Venetian West

2Bd, 2Bth Condo | Furnished Size: 1,315 sq. ft. | MLS: 36024

Ref: 22619

Reduced $315,000

Coral Harbour

2Bd, 2Bth | Pet Friendly Cottage Furnished | Living Area 1,500 sq.ft.

Ref: 23235

$2,200 p/m

Serenity Gardens

Single Family Lot | Block 38 Lot 6 Size: 6,400 sq. ft. | MLS: 34756

Ref: 21483

Greg V. Miller Sales Agent

$100,000

Kevin Bastian Sales Agent

Sea Breeze - Motivated Seller 3Bd, 2Bth | 1Bd, 1Bth apartment 10,363 sq. ft. Lot | MLS: 24622

Ref: 12159

Reduced

$385,000

#3302 Venetian West

3Bd, 2Bth | Windsor Field Road Fully Furnished | Living 1,924 sq.ft.

Ref: 22896

$3,500 p/m

Lot 23 Western Shores

South Westridge Lot size: 8,250 sq. ft. | MLS: 35940

Ref: 22568

Delerese Pratt Sales Agent

Reduced $155,000

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THE LAW OF SUPPLY AND DEMAND

By Mike Lightbourn

Reader: Mike, I was listening to a new radio programme the other day and the question of the high price of land in New Providence and some of the Family Islands came up again.

Reader: I keep hearing land costs a lot because foreigners have “bought it all up.”

Mike: Unfortunately, this is a theme that is oft repeated.

Yes, property prices are steep in many areas of New Providence. They’re also high in some of our popular Family island communities in Abaco, Eleuthera and Exuma, for instance.

The reason is simple: Supply and demand determine prices.

The demand for housing, especially affordable housing, is high and the supply is limited in New Providence and other small prosperous Family Island communities.

What happens when a rage has been running for a long period and conch is scarce because the fishermen haven’t been able to go out and harvest any? The price goes up, right?

Think about this: Seventy percent of the Bahamas’ population lives in New Providence. However, the island comprises only 1.5 percent of the country’s total land mass.

So high demand for a limited product pushes the price up.

In addition to the supply and demand factor, the price of vacant land is high because of costly infrastructural and subdivision requirements.

Conventional building costs are also high. As a side note, a friend of mine who lives on one of the islands in a semiplanned development says that over the years, many persons have come in with new building methods which would cut

their building costs. He says that in every instance the cost ended up being higher than construction by conventional building methods!

GB AND FAMILY ISLANDS There’s lots of inexpensive property in Grand Bahama and most Family islands, depending on the location.

Land is more affordable in areas where economic activity is slower because of low demand.

The closer you get to popular towns and villages, the greater the demand and so the higher the price.

The government is trying to stimulate development in the Family Islands by leasing Crown Land to qualified applicants for farming purposes. They think this will provide an incentive to create more economic activity.

I believe this is a step in the right direction. In my opinion, the answer to the affordable housing issue rests with the orderly and sustainable development of the Family Islands which requires incentives to be put in place to attract more of us to move to these islands.

SECOND HOME OWNERSHIP The success of the most affluent Family Islands springs directly from second home ownership – foreign and local.

Pull the plug on foreign second home ownership and many businesses (and jobs) will go under.

Think of all the businesses and people who depend on second home ownership - boat charters and rentals, water sports operators, caretakers, landscaping businesses, electrical and maintenance workers, grocery stores, liquor stores, car and golf cart rentals, restaurants and craft shops and so on.

If you don’t believe me, visit Harbour Island, Elbow Cay, Treasure Cay and Great Exuma among other islands. The proof is in the pudding.

We are fortunate that the-Bahamas is close to the U.S. It is this proximity that has helped keep the country afloat during

Visit Us: http://www.tribune242.com

Mike Lightbourn is president of Coldwell Banker Lightbourn Realty

periods of recession.

These island economies depend on second home ownership – local and foreign - and would collapse if the industry and tourism ceased to exist. I know many people will have a hard time believing this, but, generally speaking, prices in most areas have NOT returned to pre2008 levels!

QUESTIONS OR COMMENTS? Contact me at: info@cbbahamas.com

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Clifton Bay, Lyford Cay-CAC #1225

Sunrise Development Acreage-CAC #5703 Saunders Beach Acreage-CAC #38

Atlantic Drive, Indigo-CAC #1515

This beautiful vacant lot is located on Clifton Bay Drive in the premier gated community of Lyford Cay in the Western section of the island of New Providence.

Lyford Cay is host to some of the most beautiful homes, villas and condominiums in the world. $10,250,000

5.7 acres of prime commercial property located 5 minutes from the hotels & beaches of Cable Beach and West Bay Street, Fusion Superplex Theatre & Downtown Nassau. The development is approximately 10 minutes from The International Airport and 12-15 minutes from Paradise Island. $6,500,000

This beautiful, modern home is located in the serene Indigo gated community, in the Western district of New Providence. This home has modern appliances and open plan living which provides incredible views of the ocean and the pool from the living and dining room, and perfect for indoor entertaining. $999,000

Carmichael Road-CAC #680

Flamingo Court-CAC #300

Estates Of Seaview-CAC #41

Treasure Cove-CAC #365

Great commercial, mixed use building located through Golden Gates #2, off of Carmichael Road. The building is currently being used as an educational facility, but can easily be converted into retail or office space, with apartment living upstairs.

Flamingo Court Unit #6 is a 2 bedroom, 2.5 bathroom ground floor waterfront unit located on Paradise Island. This 1,500 square feet unit is very well kept with modern furnishings and has its own 30 ft dock slip. $560,000

Beautiful oceanfront home overlooking Sandals Island . Located on North Hibisus Avenue, a quiet and serene neighborhood. This home is also located off the Cable Beach strip, giving tenants a variety of entertainment and restaurant options. $560,000

Beautiful family home nestled in the tranquil gated community of Treasure Cove Subdivision. The home consist of 3 bedrooms, 2 bathrooms, with an open plan kitchen that flows into the family room. The home sits on a decent sized lot which is tastefully landscaped and has ample backyard and back porch space. $365,000

$680,000

RENTALS

Great development opportunity, 6 acres of prime real estate located on Southern side of West Bay Street oppositee Saunders Beach, immediate East of The Zoo restaurant & nightclub. $3,800,000

VACANT LAND

Tonique Williams Darling-CAC #1450 - Located on one of the busiest thoroughfare in New Providence, this amazing opportunity on the Tonique Williams-Darling Highway is 9,320sq.ft of prime commercial space outfitted for retail usage. $14,500

Tract A Lochaber Beach, Long Island-CAC #5157- Great investment opportunity, to own 157 acres of beautiful oceanfront land in the serene Lochaber Beach, Long Island. Perfect for hotel site or development of residential community. $5,000,000

Oceanview Drive, Westridge-CAC #1512 - Nestled in the upper middle class community of Westridge, in the heart of Cable Beach & nightlife, 5 minutes from the world famous BahaMar Resort & Casino to the East and Sir. Lynden Pindling International Airport to the West, this gem is close to everything yet very secluded. $8,500

#15 Kingfisher Island, Sandyport-CAC #415 - This canal front beauty on Kingfisher Island overlooks the ocean in a community that includes luxurious single family homes. $500,000 #15 West Lakes Plantation-CAC #3412- Gated secluded lot located in a highly desirable area in the west just off West Bay Street near caves. Perfect for a six-plex, this lot is conveniently located within walking distance from the beaches, shopping plaza and 5 minutes from the international airport. $354,900

The Cliffs Unit #104-CAC #1440 - The Cliffs at Cable Beach are a new development offering only eleven waterfront homes on Nassau’s Cable Beach strip. Each residence has its own private plunge pool overlooking the ocean and separated by privacy walls. $6,500

Lake Cunningham Estates-CAC #2600 - Vacant lot located in the exclusive gated community of Lake Cunningham Estates. This single family lot is slightly elevated and sits between two beautiful houses and just up the street from the park. $250,000

South Ocean Cottage-CAC #3012 - Situated on a very large, beautifully landscaped lot with an executive detached home in South Ocean is a delightful 2 bedroom, 2 bathroom cottage. $3,000

Charles Christie President

Cheslie Christie Vice President

Gavin Christie Managing Partner

Elizabeth Mackay Agent

Jessica Thompson Agent

#60 Brighton Road, Coral Harbour-CAC #3599 - Single family canal front lot located on the waterways in Coral Harbour. Lot #60 has 180 feet on the canal and partial bulkhead, and sits on over 12,000 sq.ft. $200,000

Craig Clarke Agent

Reneika Knowles Agent

Desmond McIntosh Agent

Phillippa Newton Agent

Suzette Darville Agent

sales@cachristie.com | West Bay Street | Tel: 242-326-4800, 242-325-7960 | Fax: 242-326-5684

Chris Adderley Agent

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DEVELOPERS DIRECT COMMERCIAL LAND OFFICE LEASE HOME RENTALS RESIDENTIAL LOTS RESTAURANT SPACE

NEW RESTAURANT SPACE AVAILABLE!

NEW LISTING! Now taking applications for new restaurant in the heart of Sandyport Marina Village! 2,100 sq ft with magnificent waterfront views of the Grand Canal. Floor plans and elevations available for serious inquiries.

Please contact us for more information.

$7,000 per month

16A Royal Palm Cay Stunning Grand Canal views from this charming 3-bed 2.5bath single family home with great garden and dockage. Also offered with 2-year rental guarantee for investors.

Call us to find out more!

$785,000

195 Sandyport Drive 3-bed 3.5-bath end-unit townhome with spacious living areas and lots of storage. Modern kitchen features granite counter tops and stainless steel appliances. Fenced-in garden.

Call us to find out more!

$695,000

www.sandyport.com

Jolika Buckner, Broker

Lot 254 Sandyport Drive This large 9,011 lot is among the more substantial lots in Sandyport. Its corner location is ideal to take advantage of the canal views.

Sandyport includes swimming pools, tennis courts and children’s playgrounds, with restaurants, bank and gym close by.

$395,000 NEW LISTING!

401 Island Lane

3-bed 3-bath penthouse loft with great ocean and canal views. Accessible by private elevator, residents also enjoy access to Sandyport Beach Resort pool and tennis court. Also nearby to gym, bank and restaurants.

Also offered with 2-year rental guarantee for investors. Call us to find out more!

$395,000

6 Coral Beach Spacious 4-bed 4-bath open plan single family home with own beach, dock and generator. Lovely patio area outside is ideal for outside entertaining. Also offered with 2-year rental guarantee for investors.

Call us to find out more!

$1.1 million

Contact: Jolika Buckner, Broker | Work: 327-2425 | Cell: 376-1662 | E-mail: jbuckner@sandyport.com

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If you require further information or require assistance please feel free to contact: (242) 677-3763 | www.bumblebeebahamas.com Nassau, Bahamas

5 Indoor Plants You Can’t Kill ALOE

GOLDEN POTHOS

SNAKE PLANT

PEACE LILY

FIDDLE LEAF FIG

ALOE: Aloe is a plant that is very familiar to us here in the Bahamas. We generally turn to it for its medicinal values which it is very rich in, but did you know that it is a great indoor plant also? Though Aloe thrives in the outdoor in full sun it also does well indoors in medium light and at moderate temperatures. It requires infrequent watering so is a great choice for persons that often can’t get to water their plants or forget to water.

PEACE LILY: If you prefer something with flowers you should try a Peace Lilly or Spathayphllium. This shrub with its dark green triangular leaves and white spoon shaped flowers can add a striking look to your interior-scape. The Peace lily does well in medium light, it will tolerate lower lights but there may be reduced flowering. It will generally require once per week watering depending upon the conditions it is kept in.

GOLDEN POTHOS: This plant is frequently sold in hanging baskets but can also be set as a floor shrub or you could add some form of trellis to allow it to trail. Pothos is also an air purifying plant so for this reason it makes a welcomed house mate. Pothos does well in various light intensity but seems to lose its variegated look in very low light.

It likes its soil to dry out before it is watered again. So minimum watering is required.

FIDDLE LEAF FIG: This plant is one of the family of ficus trees with its leaves shaped much like a Violin or a fiddle, hence its name. As is generally true of the ficus family of trees this is a tough hard to kill shrub. The average temperature of 65 to 75 degree room is comfortable for the Fiddle Leaf Fig and it will do well in medium to bright light. It likes its soil to dry out before it is watered again so no great rush required here.

SNAKE PLANT: This plant is as easy as it gets It isn’t fussy about temperature, isn’t fussy about light intensity it requires very little water and very little attention in general. The Snake plant or Mother-in-laws tongue is as near to having an artificial tree as you can get. However when well maintained will give a radiant shiny colour to its elongated yellow and green leaves.

So as you can see all of these plants come with the least amount of demanding watering and general pampering requirements. So for this reason it is my thought that if you can’t maintain these indoor plants it is indeed best you go plastic!

Should you require additional information on this topic please feel free to contact: Marcus Sweeting at 525-0933 or email: marqleads@gmail.com.

You can also read many other interesting landscape and gardening articles on our website or Facebook page, Bumble bee landscaping Bahamas. While there please like our page.

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