Upscale Retreats For Relatively Affordable Prices
U.S. property values doubled over the past 5 years in coastal areas such as South Florida. Today, the average home price in Fort Lauderdale is about $300,000. Then, came a record number of hurricanes and, oh, the travel hassles. Where are second home buyers going? Off-shore, of course.
Bahamas-based Shoreline Properties is aiming its sights on the American market. And, that’s an attractive base for smart money that knows that buying a second or third home in the tropics may often also mean no property taxes, inheritance tax or capital gains and better value.
“It has been a huge sales year,” said Shoreline’s Director of Sales Keith Jervis. Jervis reports that the community sold out 38 homes in phase one of the single-family home development and is now moving to sell 38 additional homes in phase two.
A private master-planned community, Shoreline amenities aren’t cheap, but certainly competitive with U.S. property. And, unlike their U.S. counterparts, Shoreline private homes are mere steps from sandy beaches and the great fishing of the Grand Bahamas – that seems downright affordable to U.S. buyers who do purchase vacation properties.
Shoreline also builds each home using hurricane-approved materials to withstand the tropical climate of the Bahamas.“The recent storms, Hurricane Frances and Jeanne, put our commitment to quality construction to the test and we are proud to say that we surpassed our expectations receiving no structural damage and only minor landscape damage,” said Jervis.
Investing in the Bahamas
Grand Bahama Island has always enjoyed a stable political and economic climate. The local currency is linked to the American dollar and thus Grand Bahama is home to many international banks and insurance companies. The current wave of investment has meant that business and commerce are thriving.
The Bahamas is a country exempt from all taxes on revenue, capital gains and inheritance. Grand Bahama residents are also exempt from paying property taxes. In addition, the government of The Commonwealth of The Bahamas is committed to building an economic environment in which free enterprise can flourish. In this regard The National Investment Policy is designed to support an investment friendly climate.
About Shoreline
Shoreline is a gated community with 76 home situated on its own private beach. The development offers 10 home styles based on five floor plans ranging in size from 2800 to 4500 square feet. Its modern version of “Key West” style houses are one or two story homes with expansive front and back porches and luxurious interior spaces. Amenities include a private lake, 6 neighborhood pools and the infinity-style pool at the waterfront clubhouse with tapas bar, tennis courts and a basketball court. Shoreline is located just minutes the international airport and Port Lucaya, world-class golfing, fishing and boating as well as fine dining, hopping and casinos. Shoreline buyers purchase each home fee simple (freehold) with a homeowner’s association in place to manage the development. An optional rental program is available for those interested in generating income.
For more information on Shoreline, call toll-free (888) 259-6004 or visit www.ShorelineBahamas.us