With HNWIs increasingly looking for property investments in the Caribbean, the Baha Mar development is beginning to turn heads.
“The world has never seen what we are about to create” – Sarkis Izmirlian, Chief Executive Officer and Founder of Baha Mar.
The Bahamas’ most sought after luxury real estate address lies just ten minutes away from Nassau’s newly expanded Lynden Pindling International Airport, with direct flights to many major cities in North America, as well as key hubs in Europe and Latin America. Set along 3,000 feet of uninterrupted white-sand beach, the US$3.5 billion Baha Mar resort in Nassau, The Bahamas is at the forefront of the Bahamian luxury real estate market, making it one of the most coveted developments in the Bahamian landscape.
With the local currency on par with the US dollar and high accessibility via direct flights to major cities including Miami, which is just 30 minutes away, New York, London and Panama, The Bahamas is the perfect place for a second home.
Beautiful beaches, tropical weather, easy access from the US and enviable tax benefits have long attracted the jet set to The Bahamas, but the benefits of owning at Baha Mar go well beyond the breathtaking setting and financial advantages. Baha Mar is redefining luxury resort living in The Bahamas, aligning world-class, service-oriented partners with exacting attention to detail and an unprecedented focus on service, to deliver an unparalleled owner experience that meets the expectations of the most discerning owners.
Owners of The Residences at Baha Mar will have the ultimate experience living a life of glamour at Baha Mar. Unlike other hotel residential programs that limit owners to a single brand, owners at Baha Mar can enjoy access to five stunning properties with facilities and amenities that rival the best of the best around the globe.
Residents will have direct access to high-end gaming excitement at the 100,000 square-foot Baha Mar Casino - the largest in the Caribbean. The dazzling Baha Mar Casino not only features a full array of the latest slots and table games, but also offers dazzling views of the ocean with floor-to-ceiling windows. Sophisticated dining and shopping options are just feet away at Baha Mar’s Waterside Place, while the 30,000-square-foot ESPA at Baha Mar, the first ESPA flagship spa in the Caribbean, offers endless possibilities in pampering.
With 284 exquisite private residences valued at US$800 million across three global hotel brands, Baha Mar is encouraged by the strong momentum of sales. Pre-occupancy price points are expected to increase upon grand opening, scheduled for late Spring 2015.
Feel at Home at Baha Mar
The Residences at Baha Mar offer extraordinary ownership flexibility and exclusive benefits including a dedicated residential concierge as well as multi-lingual international staff. Owners may personalize their homes with the assistance of an interior designer. A fine art curator is also on hand to add a personal touch, decorating homes with works by Bahamian artists. Pets are also a welcome part of making you feel truly at home.
An Unmatched Return on Investment
Owners of these exclusive residences are not limited to a leasehold interest, unlike many Caribbean properties. Rather, Baha Mar purchasers are deeded full freehold ownership.
Owners have the option of participating in Baha Mar’s hotel rental management program. Through the program, purchasers can reserve up to 90 days of personal use per year, while allowing the respective Baha Mar hotel brand to market and rent their residence to hotel guests. Baha Mar Residences include all deluxe one-bedroom and two to three-bedroom suites each hotel has on offer.
Whether owners decide to live in The Residences at Baha Mar full time, or participate in the hotel rental management program to contribute towards their investment, owners will also have all customs duties waived at closing (approximately 25 per cent of the purchase price), along with yearly real estate taxes. In addition, owners who opt into the program will be exempt from Bahamian income taxes or capital gains upon resale.
Owners of The Residences at Baha Mar will benefit from the resort’s position as a global integrated gaming resort in The Bahamas. Through a reciprocal agreement between China and The Bahamas, Chinese and Bahamian passport-holders may now travel between the two countries without the need for an entry visa. Moreover, buyers and their dependents, regardless of nationality, may also be eligible for permanent residence status in The Bahamas, granting visa-free travel to The Bahamas.
Potential buyers are invited to the Baha Mar Residential Sales Preview Center at the resort’s Royal Blue Golf Clubhouse to learn more about the exquisite resort and the benefits of ownership. The clubhouse sits on the 18-hole 72-par Jack Nicklaus Signature Golf Course managed by TPC at Baha Mar. The course offers exclusive owner access and ease of play for golfers of all levels, while showcasing the natural beauty of The Bahamas with ocean views and inland forest.
Baha Mar’s host of dynamic, luxury brands provides a choice of lifestyle options to suit any owner’s preferences. Each of The Residences at Baha Mar offers residents a different perspective on living in The Bahamas. Each residence will exhibit the works of Bahamian artists, as Baha Mar will be home to the largest collection of Bahamian art in The Bahamas through more than 2,500 art moments across the resort.
The beautiful and functional spaces of The Residences at Baha Mar were designed by Baha Mar’s Master Planner and Principal Design Architect, Michael Hong. Inspired by the natural splendour of The Bahamas, Hong’s designs for Baha Mar are innovative and immersive, while instinctual and intricate.
The all-encompassing and inclusive designs of Baha Mar’s Leading Interior Design Architect, Dianna Wong are reflected in her designs at Baha Mar, which is inspired by the influences and complexities of many cultures around the world.
The collection of Residences in leading hotels have an authentic essence of The Bahamas that will be put on lavish display with architectural and design elements evoking the area’s past and promising future. Each of the residences includes spacious living areas and private terraces with unmatched views of the ocean.
Thoughtful design details include designer kitchens with stainless steel appliances and islands with seating, cookware, dishware, flatware and glassware as well as a full-size washer and dryer. Forty-six and 42-inch televisions can be found in the living rooms and bedrooms respectively, while wireless internet is provided throughout The Residences. A media jack pack (or similar) system allows owners to display portable electronic media television or audio through the television speakers. The Residences at Baha Mar are served by chilled water fan coil units, with a/c control sensors installed on exterior balcony doors to conserve energy. Wall-mounted remote controls ensure that temperature controls are always at your fingertips.
White solid doors with high quality hardware are installed throughout The Residences, with radio-frequency identification (RFID) controlled locks at all entrance doors. Security features include a 24-hour manned concierge desk, a vehicle drop off facility at the main entrance as well as CCTV security. Priced from US$1.1 million, the residences range from just over 800 square feet to nearly 4,000 square feet. In addition to Baha Mar’s 284 one, two and three-bedroom residences, The Residences will offer five four-bedroom, distinctly designed, stand-alone beach villas that provide the ultimate residential experience. Each beach villa will include a private pool and terrace overlooking the crystal-clear waters.
For more information, simply contact firstname.lastname@example.org or call +1.242.677.9249 or visit bahamar.com.
Baha Mar Ltd, The Bahamas