12022019 HOME BUYERS' GUIDE

H ome Buyers’ Guide The Tribune

Monday, December 2, 2019

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

Madeira Street Bahamas Choice Real Estate

PAGE 2, MONDAY, DECEMBER 2, 2019

THE TRIBUNE, HOME BUYERS’ GUIDE

www.grahamrealestate.com | Phone: (242) 356-5030 #8 Shamrock Road, Lyford Cay - Price Reduced

Canal Front Home | 4 bed 4.5 bath | Lot Size: 28,183 sq. ft | Living Area: 3,792 sq. ft | MLS # 26533

$3,450,000 gross

Ref: 13950

A Little Bit of Heaven-Lyford Cay

5Bd, 5.5Bth | Golf Course View Home Living Area: 6,866 sq. ft.

Ref: 24666

$4,200,000

Orchid 1A Albany, Marina Res.

2Bd, 2.5Bth | Furnished Living Area: 3,911 sq. ft. | MLS: 25203

$3,850,000

Ref: 12678

Caves Heights - Unit 6C

Harbour Mews

2Bd, 2Bth | Pet-Friendly Condo Available December 1st, 2019

3Bd, 3.5Bth | Condo Living Area: 2,439 sq. ft.

12 Island Drive

3Bd, 2Bth | Port New Providence Lot size: 17,040 sq. ft. | MLS: 37218

Ref: 23673

$1,295,000

Elizabeth On Bay

Unit 17 & 18 | MLS: 39100 3,401 sq.ft. | Commercial Space

15 Coral Beach Road

3Bd, 2.5Bth | Sandyport Lot size: 6,450 sq. ft. | MLS: 39256

Ref: 25580

$789,000

Elizabeth On Bay

Unit 19 & 20 | MLS: 33705 1,368 sq.ft. | Commercial Space

Available January 1st, 2020

Ref: 19661

$2,500 p/m

Gleniston Gardens

Prince Charles Drive | Single-Family Lot Block 29, Lot 5| Size: 10,500 sq. ft

$95,000

Ref: 20779

Gregory Graham President/Broker

Laura Kimble Broker

$5,900 p/m

Ref: 25610

Lot B11 Cape Santa Maria

Single-Family Lot | Long Island Lot size: 1.24 acres | MLS # 18536

$430,000

Ref: 6595

June Russell Broker

Dolly Griffin Sales Agent

Sophia Porras Sales Agent

Ref: 25403

$7,927 p/m

Lot #22 Sea Beach Addition Multi-Family Lot Size: 7,695 sq. ft. | MLS: 37475

Ref: 23872

Greg V. Miller Sales Agent

$190,000

Kevin Bastian Sales Agent

Ref: 20494

$2,400 p/m

Lot 23 Western Shores

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

Ref: 22568 price reduced $155,000

Delerese Pratt Sales Agent

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BRIDGING THE GAP With Ginger Douglas

By Mike Lightbourn Mike: Homeowners planning to buy another home frequently want to know which comes first, selling a current home or buying a new home.

It’s like the question of the chicken and the egg.

Mike Lightbourn is president of Do you sell first and then look frantically for the Coldwell Banker Lightbourn Realty new home, or buy first and risk maintaining and financing two properties?

Ginger: It’s a good question and one we also field from time to time. As you know, there’s more risk involved than just two mortgages.

If you’re rushed to sell your home to buy a new one, you might be forced to list at, or accept, a lower price than expected.

If you’re pressed to buy a new home after selling your existing home, you may be forced into paying an unexpectedly higher price.

There’s a financing option called an Equity Take-Out Loan, also referred to as a “bridge loan.”

It got its nickname because it “spans the gap” between your sale and your purchase.

ample, if you own vacant land you can use this to satisfy the down payment requirement on a new home or commercial property.

Mike. Thank you for sharing this information Ginger. I’m going to move on to another topic.

Ginger Douglas is a mortgage specialist with RBC Royal Bank (Bahamas) Ltd.

(As a seasoned mortgage specialist, Ginger provides customised solutions and advice to clients seeking to buy a home. She’s fully mobile, with a flexible schedule which allows her to meet her clients anytime and anywhere. ginger.douglas@rbc. com)

VAT Fact Check

Mike: That seems like a good solution.

Ginger: Yes. For instance, if $80,000 is outstanding on the existing property and the down payment on the future property is $30,000, then $120,000 will be deducted from the proceeds of the sale of the existing property.

A radio talk host suggested recently that property is more expensive because of VAT. This isn’t correct.

The amount of tax charged on real estate sales remains the same despite the VAT increase to 12 percent in 2018.

Prior to the increase, buyers paid 10 percent in taxes on property sales of $100,000 and over.

This comprised a stamp tax of 2.5 percent and VAT of 7.5 percent.

To simplify the 10% tax on property sales of $100,000 and over the charge is now 10% VAT. Stamp tax on property sales has been discontinued Transactions under $100,000 incur a VAT of 2.5%.

VAT charges on legal fees and commissions remain at 12%.

First Time Buyers Bahamian first time home buyers may still apply for a full or partial tax exemption, provided the appraised value of the property and structure is below $500,000.

Mike: Are there any other tips you would give to persons concerning the mortgage down payment?

Ginger: Yes. Property can also be used as a down payment for a mortgage. For ex-

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

Mike: Will you explain for our readers?

Ginger: An Equity Take-Out Loan allows you to use equity in your existing property as a down payment for your future home. Also, if you have sufficient equity you can also borrow additional funds for home repairs, refurbishing or any other expenses.

When the existing property sells, the amount used as a down payment on the future property will be deducted from the sales proceeds, along with whatever else may be owed on the property.

Safety first: We know you want your decorations to look great.

But don’t sacrifice safety to do it. Make sure all decorations are properly secured to your home and are not at risk of falling.

Never put yourself in a risky situation to hang decorations.

Choose a safe artificial tree: Choose a tree that is fire resistant.

When setting it up, make sure the base is sturdy so it won’t tip or fall over.

Keep live trees watered: Make sure you choose a fresh live tree. Keep it watered to ensure it remains green, fresh, and does not become a fire hazard.

Place decorations with care: Keep all decorations away from heat and fire hazards.

Use the right lights: Make sure all lights you plan to use outside are certified for outdoor usage.

Inspect all light strands before using: Carefully inspect all light strands for damage, loose sockets, fraying, and broken lights.

Don’t overuse extension cords: Never connect more than As you’re decorating your home for the holidays, keep an eye out for these one extension cord. Make sure you don’t overextend electrical common holiday hazards and safety outlets or they could short out. slip-ups: Choose decorations wisely: Avoid using decorations that look

like food or toys if you have young children or pets.

Use a helper for decorating: Always have someone spot you when using a ladder, lifting heavy boxes, and when hanging lights. Plus, a helper will give you some company and help you get things done quicker.

Place decorations carefully: Keep sharp and potentially dangerous decorations and ornaments out of reach of the kids and pets.

Turn off holiday lights when leaving: Turn off your outside and indoor holiday lights before going to bed or leaving your home.

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

THE TRIBUNE, HOME BUYERS’ GUIDE

MONDAY, DECEMBER 2, 2019, PAGE 7

Union Wharf-CAC #505

Westridge Acreage-CAC #1918

An Investment Opportunity in Historic Downtown Nassau. One of the last urban waterfront redevelopment sites in The Bahamas. Union Wharf Redevelopment Site is located on The Harbour in the heart of Downtown Nassau; minutes away from the cruise ship port, and facing The Atlantis Resort. $18,500,000

Located on the eastern end of Westridge, this twelve (12) plus acres of prime lakefront property on a peninsula at Lake Cunningham is a superb location for the development of an exclusive lakefront community.

Winton Estates Home-CAC #1231

Watercolour Cay, Sandyport-CAC #8333

Located on the South side of East Bay Street, approximately 100 yards from McPherson’s Bend and Yamacraw Road is this well constructed 2 storey home. From its 2nd floor it has a breathtaking view of the ocean, and beach access is also within a short distance. $1,000,000

Located in the serene gated community of San- This beautiful, modern 3 bedroom, 2.5 bathroom dyport is this beautiful 3 bedroom 3 bathroom canal- home is located in the serene Indigo gated community, front home. Situated on one of the most prestigious in the Western district of New Providence.

Cays in Sandyport this home is ideal for a small family seeking waterfront living. $875,000 $895,000

Westridge Home-CAC #919

Palatial Estates Home-CAC #55

A beautiful 4 bedroom 3.5 bathroom house located on lot #16 West Place Drive, Westridge a very desirable, high value, well maintained neighbourhood. The house is immediately north of the prestigious Sandyport Development. $1,300,000 $3,500,000

RENTALS

Indigo Home-CAC #1515

A beautiful, spacious two story single family house in gated enclave of Palatial Estates on Paradise Island due East of the scenic Cloisters Gardens. This lovely three bedroom two and a half bathroom house is one of only six (6) houses in this exclusive Enclave. $1,270,000

Golf Course Estates-CAC #596

Nestled in a cozy location on the beach which allows for luxury living and wonderful starts to the day, influenced by breathtaking views of the ocean which one awakens to greet the day.

$509,600

VACANT LAND

Deleport Point Condo-CAC #960- Beautiful, newly renovated Executive 3 bedroom, 3.5 bathroom, 3 floor condo in the gated community of Delaport Point on West Bay Street. $4,000

Marshall Road Acreage-CAC #4375 - 2.07 Acre oceanfront vacant lot, access by the main road with oceanview. $340,000

St. Luke’s Medical Centre-CAC #1118 - St. Luke’s Medical Center on Collin’s Avenue is centrally located, just minutes from Doctors’ Hospital and PMH. There are three (3) Medical Suites available comprised of a Private Office and Examination Room. $3,000

Culberts Hill Lot #14-CAC #142 - This fantastic single family residential lot nestled in the heart of Winton, is a great investment property or perfect for building your family home. $160,000

Suffolks House Unit #11-CAC #112 - Furnished 2 bedroom, 1 bathroom condo located in a partially gated community in Paradise Island. It is fully furnished and equipped with its own washer and dryer, storage space and swimming pool. $2,200

High Point Estates Lot #55-CAC #5511 - This large multi-family lot in High Point Estates is being offered complete with approved plans for a 2 unit townhouse dwelling. $155,000

Leeward Drive-CAC #210 - Lovely 2 bedroom, 1 bathroom unit located in the quiet Leeward Drive neighbourhood. This unit comes fully furnished and with a backup generator, and a nice shared covered backyard patio, perfect for entertaining or just relaxing and taking in the peaceful environment. $2,000

Jacaranda Estates-CAC #314 - Jacaranda is a fairly new gated community, where high end custom built homes and neatly landscaped yards already exist. $138,000

Mackey Street Warehouse-CAC #221 - With just under two thousand square feet, this centrally located warehouse space is perfect for simply storage, and/or a low traffic business. $2,000

Charles Christie President

Cheslie Christie Vice President

Gavin Christie Managing Partner

Elizabeth Mackay Agent

Jessica Thompson Agent

Craig Clarke Agent

Fix Hill Triplex Lot-CAC #985 - Nice 6,078 sq.ft multi-family lot located on a hill.

The subject property has a foundation for a triplex and comes with approved plans. $120,000

Reneika Knowles Agent

Desmond McIntosh Agent

Phillippa Newton Agent

Charlene Gibson Agent

Erin Bethell-Jones 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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THE TRIBUNE, REAL ESTATE GUIDE

BAHAMAS CHOICE REAL ESTATE OFFICE: 242-677-3868 | CELL: 242-357-7698 | US: 561-208-1118 | P.O. Box N-4484 | Nassau, Bahamas lana@bahamaschoicerealestate.com | sales@bahamaschoicerealestate.com www.bahamaschoicerealestate.com

Lana Munnings-Basalyga Broker

Brooke Greene Sales Agent

Marcus Laing Sales Agent

SKYLINE DRIVE, MADEIRA STREET MLS#39173 | $1,200,000

This recently renovated residence has been cleaned up and cleared out, for customization almost to ‘white box’ status. Curved driveway, covered impressive entrance, spacious tiled rooms, a clean canvas for your personal interior redesign. Lovely pool and terrace at the rear. The home has so many flexible design possibilities – create the main section, a mother-in-law suite and more. Established and highly sought after neighborhood of quiet Skyline Heights with lush tree-lined streets, and quiet neighbours. Marcus 376-4600

CULBERTS HILL #28 | WINTON HEIGHTS 3Bed|2.5 bath| MLS#39218| $645,000

#8 SUGAR APPLE STREET, SANS SOUCI

#54 RIPLEY CLOSE HILLSIDE ESTATES VACANT LOT

3bed/2 bath|MLS#39009| $475,000

SEA BEACH ESTATES CONDO

MLS# 39250 | $98,000

Web Listing ID 6808C1564796900875 Reduced to $325,000

This 11,062 sq ft wooded lot is slightly elevated, and located in the quiet community of Hillside Estates Subdivision. Several well maintained homes in this secluded cul de sac adjoin the lot. From Bernard Road, take the street directly opposite Kingsway Academy School, third left, then left again up the hill to the cul de sac. Property is on the right. Lana 357-7698

Beautifully renovated two storey 2 bed, 2.5 bath condo located in the heart of activity in the west, bonus: deeded sandy beach access on Rock Point. Excellent attention to details, vaulted ceilings, new stainless steel appliances plus washer and dryer. Condo is nestled in a quiet area, close proximity to restaurants, hotels and attractions. Gated for security and a very spacious backyard. A must see to appreciate. Brooke 802-2654

MOUNT VERNON SINGLE FAMILY VACANT LOT

A solidly built split level home, landscaped and enclosed in this quiet, upscale community. Sleeping rooms, living room, family room and kitchen are on the main level, small efficiency, laundry, storage and two car garage below. Enclosed patio overlooks the pool. Central air, water tank, flooring is tiled and carpeted. Soaking tub in master bedroom. The property is landscaped and fully enclosed. With a little updating, make it your own little paradise. Close to Camperdown horse stables, beaches, shopping, schools and a marina. Appointments to view second week of December. Lana 357-7698

This 2,200 sq ft split-level home sits on elevated land just off Camperdown Drive in Sans Souci. Quiet neighborhood, beautiful homes, active crime watch community. Separate living, dining room, open-plan kitchen and family room.

Bedrooms are all in one area. Central a/c, split units and ceiling fans cool the home, and it is tiled throughout.

The kitchen features granite countertops with updated cupboards. Bonus-1,800 sq ft basement with concrete floor, can easily be converted to a large apartment with its own entrance. Two-car garage, wash area, water storage and pressure tanks, and a diesel generator. Property is landscaped with bearing fruit trees. Lana 357-7698

OXFORD AVENUE A & B Commercial

OXFORD AVENUE #11 OFFICES AND APARTMENT

PALM CAY VACANT LOT

Commercial Lots A & B Southern side of Oxford Avenue adjoining Lot 11. Roadside, there is a food take-out business in a neat building of wood construction and tile floors. The entrance is gated and the property is enclosed.

Behind the gate, is vacant land and a warehouse that presently accommodates an on-site fence manufacturing factory. There is a generator shared with the adjoining building. Property size 6,186 sq.ft. Can be purchased with adjoining property MLS #39042. Lana 357-7698

This multi-purpose 1,646 sq ft building on 6,400 sq ft lot, is a gem of a property! At the main entrance is the office space, reception and 4–5 offices, kitchenette, and beyond is a peaceful oasis a 3 bedroom apartment, of beautifully appointed and decorated rooms, with a very large enclosed patio for entertaining.

Behind the patio is a spacious storage shed with high ceilings.

Generator shared with adjoining property. Close to NIB, BTC, Thompson Boulevard, shops, transportation and all major highways. Call for more details. Must see to appreciate. Can be bought as one property with MLS #39041. Lana 357-7698

Families are buying, and building in this gated community!

So - let this be your new address. #160 Calico Jack Drive is ready for your home, your lifestyle, your security. Well priced vacant lot, allowing for great curb appeal with 102 feet road front!

Space for a house and pool of your design. Bonus: The architect/owner is offering house drawings for the purchaser! Palm Cay is exciting with its active Marina, deli, beautiful beach, new Pink Octopus restaurant, membership available, which includes gym, pools and more. Marcus 376-4000.

MLS#39041 | $225,000

MLS# 39042 | $385,000

MLS#28674 | $195,000

SPENCE CLOSE|WINTON HEIGHTS

OFF QUEENS HIGHWAY|EXUMA

MLS#36417|$160,000

MLS#36416| $1,500,000

Owner is willing to sell portions - or the whole of this 29.5 acre elevated tract, boasting areas with views overlooking Emerald Bay as well as towards the untouched southern coppice of Exuma.

There is clear title, survey maps and civil design for a primary access road from Queens Highway to the land.

This location should also yield a freshwater lens for pristine natural potable water.

Marcus 376-4600

At the end of the Spence Close cul de sac, there is great potential to build a large home and pool on this 19,917 sq ft lot. The property is level, with some mature indigenous trees. Homes on this quiet street are well kept and many neighbours have lived here for many years. Winton Heights is a desirable community with easy access to the Eastern Road, Prince Charles Drive and connecting highways to the west. Bring Offers if you already pre-approved.

Marcus 376-4600

MLS# 39040 $185,000

Just off the Eastern Road, in this quiet subdivision, a 12,000 sq. ft. vacant, single-family Lot, #92, awaits your own special home design, on a street of many lovely homes. The lot is located on the northern side of Orchard Street. Avoid much of the early morning traffic delay into town, close to schools, shopping and beaches. Lana 357-7698.

VACANT MULTI-FAMILY LOT MLS #39043 | $92,000

A multi-family lot #2, located South of Forbes Close, and 600 feet west of East Street, by way of Cox Way. This 6,600 sq.ft. property can be used for investment building or for a single family home.

Centrally located, close to schools, bus transportation, shops and restaurants.

Bring Offers!

Lana 357-7698

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

Jolika Buckner, Broker

202 & 203 Church Street

103 Island Lane Modernized open plan office space with storage room, move-in ready!

Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.

Available as one or two offices Popular offices finished to Sandyport Standard with attractive modern tile, glass doors, modern bathroom and kitchenette. Also includes 24-hour security, CCTV and back-up generator. Popular restaurants, post office, gas station, bank, and gym close by. Ample parking.

Office Size: 2,480 sq ft Rent: $7,400 per month | CAM: $1,653.34 per month

Office Size: 1,240 sq ft Rent: $3,720 per month | CAM: $826.67 per month

Office Size: 556 sq ft Rent: $1,800 | CAM: $370.67 per month

7 North Buckner Square

3 South Buckner Square

Great-sized open-plan office space in soughtafter area with 24-hour security and back-up generator. Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.

Great-sized open-plan office space in soughtafter area with 24-hour security and back-up generator. Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.

Office Size: 908 sq ft Rent: $2,750 per month | CAM: $605.33 per month

Office Size: 952 sq ft Rent: $2,850 per month | CAM: $635.00 per month

6 Coral Beach “Coral House”

www.sandyport.com

4-bed 4-bath fully furnished home with own private pool, generator, beach, boat dock.

Spacious single-family home features quality finishes throughout, including bamboo wood floors in all bedrooms, granite countertops, stainless steel appliances, high-end ceramic tile, raised wood cabinetry in the kitchen and raised ceilings and brick driveway. $1,250,000

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

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Calling All BREA Agents This is the ideal spot to feature your exclusive property listings.

AGENT FEATURES

Call 502-2356 For details

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MONDAY, DECEMBER 2, 2019, PAGE 15

Advertising Contracts are available.

HUGE SAVINGS! ALSO receive FREE SPOTS on The Tribune’s Website. *Restrictions apply

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