Investors eye Old Bahama Bay anticipating Skyline Announcement
By the Bahamas Weekly News Team
Dec 6, 2018 - 10:36:29 PM
West End, Grand Bahama Island - During The Bahamas Weekly News Team’s trip to the western tip of the Grand Bahama with estate broker James Sarles, an expert on West End real estate, our team was pleasantly surprised to find that the desire for high end Real Estate has has taken on a new life with the announcement of Toronto based Skyline Investments deal to acquire the former Ginn Property. Skyline Investments
. will purchase 2,012 acres of the former Ginn property which includes portions of Old Bahama Bay resort.
Skyline’s vision is to create a self‐maintained, secluded, high‐end, low impact innovation community of residences and hotels to create a vibrant community with healthy living and a pristine environment. This exciting new development has brought about a resurgence of enthusiasm and excitement in the Old Bahama Real Estate market by investors and second home owners. The end result being an uptick in sales of deep water canal lots and homes by Coldwell Banker, James Sarles Realty. With investors sighting that they love the close proximity of Old Bahama Bay to the U.S. mainland and the out island feel reminiscent of Eleuthera and Abaco, not to mention deep water dockage and a private airport available to all owners.
Real Estate Broker James Sarles who has his pulse on the market touts that these are exciting times for the West End and studious investors are getting in on the ground floor to scoop up what they can before prices start escalating stating, “Now is the Time to invest in West End Grand Bahama, as there are still a number of exciting deals available at Old Bahama Bay and it’s still a buyers market, but not for long.”
The Bahama Weekly News Team had the opportunity to do a walk through of a property called Villa Gardenia,
a 4 bedroom, 4.5 bath canalfront home with over 5,200 feet of living space which, although listed for $1.5 Million, all offers are being considered. Villa Gardenia is perfectly positioned with 75 Feet of Deep Water Dockage and stunning Canal and Ocean Views. Full info along with a comprehensive gallery of hi res photos and video are available on Villagardenia.org
Villa Gardenia - One of the homes out at Old Bahama Bay, West End Grand Bahama Island. (Photo by David Mackey - Mackey Media Ltd)
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