Have you ever heard of developments like Bahama Palm Shores, Abaco, Casuarina Point, Abaco, Rainbow Bay, Eleuthera, Exuma Sound, Great Exuma? Perhaps not. These hidden Out Island communities offer some great opportunities for low cost purchases of really affordable second home or retirement properties with plots of land for as low as $20,000 near a beach or the ocean and relatively close to some descent amenities.
Bahama Palm Shores Abaco for example lies a quick 40 minute drive from downtown Marsh Harbour, an even quicker 35 minute flight from Nassau and 45 minute flight from South Florida. Before, what seemed perhaps a long drive from the city on a desolate and deserted road is now a route rather frequently traveled. With luxury resort developments in communities like The Abaco Club at Winding Bay, Schooner Bay and Serenity Point, restaurants like Pete’s Pub, and commercial ventures like Abaco Neem, Bahama Palm shores may not be so far away from things after all. Famous for it's long crescent shaped beach that is typical of that entire southeast shore of Abaco Bahama Palm Shores is the place to relax. Be aware that some lots don't yet have utilities. These are usually the more "affordable" lots. Some purchase now knowing that they won't be building on their property for a long time, figuring that by the time they're ready to build, electricity will have moved down to them. If you need electricity now, the Bahamas Electricity Corporation will bring power to your lot for a fee. Lots start in Bahama Palm Shores around 20,000.
Not far away is another peaceful beachside community that’s perfect for retirement - Casuarina Point Abaco. With a 2 mile long magnificent white sand beach to the south, a small canal system to the north and a community boat ramp providing boaters with the best of both worlds - Boating and Beaching. Casuarina Point offers quick access to some of the best fishing in the world. Catch bonefish on the flats in the morning and troll for deep water marlin in the afternoon. A wonderful place to retire. Lots in Casuarina Point start in the 30,000's with Canal lots running from 120,000 to 150,000 and beachfront lots in the 200,000's when you can find them.
Rainbow Bay Eleuthera is another community that's affordable and growing. Located a few miles north of Governor's Harbour Airport and south of the famous settlements of Hatchet Bay and Gregory Town on the island of Eleuthera. Perched high atop limestone bluffs at a narrow point of the island, these lots offer spectacular views, strong tropical breezes and face either towards of the Atlantic (deepwater) dark blue side of Eleuthera or the Caribbean (shallow) side with shimmering light aquas and greens. There are many lots available in Rainbow Bay which is why they are so reasonably priced. Rainbow Bay is a very friendly community with a strong and vibrant property owners association. Property owners frequently get together for picnics and social functions. The island of Eleuthera lies 65 miles east of Nassau/New Providence. Close access to Governors Harbour Airport makes Rainbow Bay a convenient location. Vacant land can be found in Rainbow Bay from $30,000.
Exuma Sound lots are located on the island of Great Exuma Bahamas. There are literally hundreds of lots available in these subdivisions close to the bustling little town of Georgetown on Great Exuma Island. Although the community is now sparsely populated, buyers purchase here with the knowledge that their property will appreciate over time as less and less available lots remain. Lots can be found in these subdivisions in the low 20,000's. It is very sparsely populated now but in 40 years will it be? Nobody knows, but ask Donald Trump about speculation. Again, daily flights from Nassau and the United States make easy access to your retirement home.
Treasure Cay, Abaco boasts wonderful inland lots close to one of the nicest beaches in the world. Accessed by two airports, either Marsh Harbour or Treasure Cay, daily flights are available from Nassau and the United States. Offering water ferry access to the outer cays of Green Turtle Cay, Scotland Cay, and Great Guana Cay. With a large deepwater Marina, an 18 hole Championship Golf Course and a 7000 ft. paved runway, Treasure Cay has so much to offer. Lots located here can be found from the mid 50,000’s in this wonderful place to retire.
So as you can see, there are still affordable investments to be found in The Bahamas, you just have to look beyond the hustle and bustle of the city! Visit our website at www.erabahamas.com for thousands of Bahamas Real Estate Listings.