H ome Buyers’ Guide The Tribune
Monday, February 11, 2019
The Bahamas Source For Homes, Condos, Apartments, Lots & Rentals
Royall Beach Estates Bahama Islands Realty
PAGE 2, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
www.grahamrealestate.com | Phone: (242) 356-5030 3A Gemini, Albany
Albany Club Villa
5Bd, 5.5Bth | Fully Furnished 10,729 sq. ft. Lot | MLS: 33387
4Bd, 4.5Bth | Marina Residence Furnished | MLS: 36241
Ref: 22751
$5,250,000
Casa Del Sol - Condo
3Bd, 2 Bth | 3rd Level | Harbour Front Paradise Isl. Dr. | MLS: 25152
Ref: 12678
$785,000
Reduced
903 Columbus Cove
3Bed, 3Bth | Beachfront Townhome Total Size 1,498 sq.ft. | MLS: 34424
$529,000
Ref: 21184
#3603 Venetian West Condo
#82 Sunset Drive
3Bd, 2Bth | Windsor Field Road Fully Furnished | MLS: 35012
3Bd, 4Bth | Port New Providence Pet Friendly | MLS: 35201
Ref: 21943
$4,150,000
Ref: 20244
$7,000 p/m
$4,500 p/m
Ref: 21706
Cape Santa Maria
Cape Santa Maria
Lot B13 | Long Island Beach Front 1.26 Acres | MLS: 21520
Lot B11 | Long Island 1.24 Acres | MLS: 18536
Daiquiri Estate Eastern Road 4Bd, 3Bth | Oceanfront Home Lot: 3.36 Acres | 10,253 sq. ft.
Ref: 19767
$2,600,000
9 Spring Terrance
3Bd, 2Bth | Gleniston Gardens 8,554 sq. ft. Lot | MLS: 36130
Ref: 22715
Now
$295,000
Nebruck House Unit 8A
Sandyport | Condo/Townhouse 3Bd, 2Bth | Furnished | MLS: 35466
Ref: 22181
$3,500 p/m
Lot 21 Cool Breeze
Tarpum Bay, Eleu. | Single Family Lot Lot 9,633 sq. ft.| MLS: 21519
Electricity & Phone Utilities installed and roads are completed
Ref: 9324
Gregory Graham President/Broker
$644,000
Laura Kimble Broker
$430,000
Ref: 6595
June Russell Broker
Dolly Griffin Sales Agent
Sophia Porras Sales Agent
Ref: 9335
Greg V. Miller Sales Agent
$24,000
Kevin Bastian Sales Agent
10B Caves Point
3Bd, 3Bth | Furnished Townhouse Total size: 2,100 sq. ft. | MLS: 34087
Ref: 20919
$875,000
East Section #2-Elevated Hm. Deadman’s Reef, Grand Bahama 2Bd, 2 Bth | MLS: 35212
Ref: 21933
$110,000
Mount Vernon
2Bd, 2Bth | Pet Friendly | Furnished Half Duplex with Pool
Ref: 14133
$1,800 p/m
Lot 2 Tarpum Bay
Single Family Lot | Eleuthera Lot 8,736 sq. ft.| MLS: 21518
Electricity & Phone Utilities installed and roads are completed
Ref: 9331
Delerese Pratt Sales Agent
$17,500
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 3
PAGE 4, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 5
PAGE 6, MONDAY, FEBRUARY 11, 2019
NO PAIN, NO GAIN
By Mike Lightbourn
IS home ownership worth the cost of a mortgage and the maintenance that will be required to keep the property in good condition? While many people think it is, others think it will cost less to rent. While homeownership isn’t cheap, careful planning and understanding the various financing options will give you leverage. Often overlooked, the most critical ingredient in the process is a well thought out plan. The first step is to save for a down payment. Your goal is to use your own money to leverage the purchase. Aim for a 20% down payment. This may not be easy, but it will reduce the amount you will borrow. And it will cut interest payments (the total cost of the mortgage payments made over the life of the loan) significantly. Once you have found a lending institution that offers the best rates and terms, sit down with a loan officer and go over the math with them. I guarantee, you’ll be surprised at how much you can save. Educate yourself on the various avenues that are available to reduce the cost of a mortgage. WHAT DO I MEAN? There are other ways to reduce the cost and life of a mortgage besides saving for a down payment of at least 20%. For instance, if you increase the frequency of mortgage payments, you’ll save a significant sum of money. Here’s an example of how it works. Take a loan of $100,000 at interest of 8.5 percent over a 25-year period: • Monthly payment of $805.30 with 300 payments over 25 years. Total interest cost $141,543.38 • Accelerated Weekly Payments (monthly payment divided by 4) of $201.30 over 19.5 years. Total interest cost of $104,870.44 • Accelerated Bi-Weekly payments of $402.60 over 19.5 years. Total interest cost of $105,036.92. Get a mortgage that will allow you to make extra payments to reduce the principal amount owed and build equity faster.
THE TRIBUNE, HOME BUYERS’ GUIDE
Most banks will allow you to make lump sum payments against the principal amount you owe during the loan period. This will build equity faster by also reducing the life of the loan, which in turn will reduce the amount of interest you end up paying. Making weekly (or bi-weekly) payments instead of monthly payments is equivalent to making one extra mortgage payment each year and is well worth doing so if your agreement allows it and you can make these extra payments. CRAFT A BUDGET Are you prepared to make the sacrifice required to own a home? An insatiable appetite for consumer goods has driven a lot of Bahamians into terrible debt and property foreclosures. Under government’s payroll reduction scheme, many civil servants have signed away a shocking 75% of their salary. The bank ceiling for customer loan to debt service ratio is typically 45 percent. This is the level of cash available for debt servicing on interest and principal payments. If you want to own a home, you must create a realistic budget and stick to it. Get pre-approved for a loan so you will know how much home you can afford. If you fail, draft a realistic plan that will Mike Lightbourn is president of put you on the path to home ownership. Coldwell Banker Lightbourn Realty Search for ways to save towards a down payment. Share a rental with friends or live with your parents, if pos- outright, providing security for his or her sible, while you save. Get a second job if you can. retirement. It all boils down to this: What will the tenant do? Are you prepared to make the sacrifice? QUESTIONS OR COMMENTS? Email me at: info@cbbahamas.com RENTAL VS. OWNERSHIP It is easier to rent. No question about it. The landlord’s stuck with the cost of maintaining and repairing the property, insurance and property tax. TO ADVERTISE On the other hand, if the landlord has a mortgage on the CALL: property, the tenant is helping to finance the payments, thus Charles Gaitor building the landlord’s equity in the property. 502-2356 Over time, the value of the property will increase (perhaps or Email: handsomely), if it was bought at the right price and in a desirable location and is properly maintained. cgaitor@tribunemedia.net At the end of the day, the landlord will own the property
Visit Us: http://www.tribune242.com
THE TRIBUNE, HOME BUYERS’ GUIDE
UNION WHARF #10-CAC #505
VENICE BAY-CAC #9119
This property is a key redevelopment site, and is per- Beautiful 3 storied home with infinity swimming pool, fect for High-End Retail, Waterfront Dining and Enter- double car garage, driveways, foot paths, patios and tainment, or even Parking. a pool/bar house. The property includes landscaping, fruit trees, a boundary wallwith rails, enclosure on three (3) borders and a private dock. $1,900,000 $17,000,000
MONDAY, FEBRUARY 11, 2019, PAGE 7
THE REEF UNIT #12-CAC #2723
THE CLIFFS UNIT - CAC #104
Standout on your balcony and take in the panoramic ocean and resort views from the 12th floor unit. Top of the line appliances, designer furnishing and Bose surround systems will allow the owner to enjoy priceless privacy combined with total elegance.
The Cliffs at Cable Beach are a new development offering only eleven waterfront 3 bedroom, 3 bathroom units on the Cable Beach strip.
$1,650,000
$1,250,000
CARMICHAEL ROAD-CAC #680
WINTON SUBDIVISION-CAC #3517
FLAMINGO COURT - CAC #300
Great commercial, mixed use building located through Golden Gates #2, off of Carmichael Road. The building is currently being used as an educational facility, but can easily be converted into retail or office space, with apartment living upstairs. $680,000
Available in the sought after Eastern district of New Providence; this immaculate home with 4 bedrooms on the upper lever and 1 bedroom on the ground level, inclusive of its own closet, powder room and bathroom. $525,000
Flamingo Court Unit #6 is a 2 bedroom, 2.5 bathroom ground floor waterfront unit located on Paradise Island. This 1,500 square feet unit is very well kept with modern furnishings and has its own 30 ft dock slip.
RENTALS
BAILLOU HILL ROAD - CAC #405
Great commercial building located in the heavy traffic flow area of Baillou Hill Road and other major thoroughfares. This building is ideal for commercial retail, having a large open display area, back office warehouse for storage and a private office. $560,000 $405,000
VACANT LAND
Atlantic Drive, Indigo-CAC #3030 - This beautiful, modern home is located in the serene Indigo gated community, in the Western District of New Providence. $7,000
Skyline Heights-CAC #330 - In the peaceful neighborhood of Skyline, this 30,000 sq.ft lot makes for a number of possibilities. The lot is sloped, which means beautiful views of the golf course and partial ocean views. $295,000
Kingfisher Island, Sandyport-CAC #450 - This beautiful, townhouse situated in the desirable and secure gated community, Sandyport and is in close proximity to many beautiful beaches, downtown, fine restaurants, international airport and the multi-billion dollar resort, Baha Mar. $5,000
Coral Harbour-CAC #3599 - Single family canal front lot located on the waterways in Coral Harbour.Lot #60 has 180 feet on the canal and partial bulkhead, the property sits on over 12,000 square feet. $200,000
Estates of Seaview-CAC #410 - Cozy, tastefully furnished 3 bedroom, 2.5 bathroom townhouse located in a secured gated community of Estates of Sea View. $3,800
Soldier Road-CAC #158 - Lot #8 Blue Addition property is located on one of New Providence’s major roads, Soldier Road. Excellent for commercial development. $150,000
Suffolks House, Paradise Island-CAC #28 - This townhouse is located in the private gated community of Suffolks House on Paradise Island and minutesfrom Atlantis, shops and beaches. $2,500
Yamacraw Shore Drive-CAC #1290 - Located in the quiet area of Yamacraw Shores. The area is perfect for single family homes. Located close to beaches and schools. $120,000 Sandilands Village Road-CAC #1840 - Sandilands Village Road Lot #1 is 7,596 square feet, situated to the western boundary in-part at the back of Roberts Used Car and Scrap Metals. $87,000
Venetian West Condo-CAC #2005 - Located in the highly desirable district of western New Providence, steps away from the Old Fort Bay and other luxurious addresses is the beautiful Venetian West. $2,500
Charles Christie President
Cheslie Christie Vice President
Gavin Christie Managing Partner
Elizabeth Mackay Agent
Jessica Thompson Agent
Craig Clarke Agent
Reneika Knowles Agent
Desmond McIntosh Agent
Phillippa Newton Agent
Suzette Darville Agent
sales@cachristie.com | West Bay Street | Tel: 242-326-4800, 242-325-7960 | Fax: 242-326-5684
Chris Adderley Agent
PAGE 8, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 9
PAGE 10, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 11
PAGE 12, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 13
DEVELOPERS DIRECT COMMERCIAL LAND OFFICE LEASE HOME RENTALS RESIDENTIAL LOTS RESTAURANT SPACE
NEW RESTAURANT SPACE AVAILABLE!
NEW LISTING! Now taking applications for new restaurant in the heart of Sandyport Marina Village! 2,100 sq ft with magnificent waterfront views of the Grand Canal. Floor plans and elevations available for serious inquiries. Please contact us for more information.
$7,000 per month
16A Royal Palm Cay Stunning Grand Canal views from this charming 3-bed 2.5bath single family home with great garden and dockage. Also offered with 2-year rental guarantee for investors. Call us to find out more!
$785,000
195 Sandyport Drive 3-bed 3.5-bath end-unit townhome with spacious living areas and lots of storage. Modern kitchen features granite counter tops and stainless steel appliances. Fenced-in garden. Call us to find out more!
$695,000
www.sandyport.com
Jolika Buckner, Broker
Lot 254 Sandyport Drive This large 9,011 lot is among the more substantial lots in Sandyport. Its corner location is ideal to take advantage of the canal views. Sandyport includes swimming pools, tennis courts and children’s playgrounds, with restaurants, bank and gym close by.
$395,000 NEW LISTING!
401 Island Lane
3-bed 3-bath penthouse loft with great ocean and canal views. Accessible by private elevator, residents also enjoy access to Sandyport Beach Resort pool and tennis court. Also nearby to gym, bank and restaurants. Also offered with 2-year rental guarantee for investors. Call us to find out more!
$395,000
6 Coral Beach Spacious 4-bed 4-bath open plan single family home with own beach, dock and generator. Lovely patio area outside is ideal for outside entertaining. Also offered with 2-year rental guarantee for investors. Call us to find out more!
$1.1 million
Contact: Jolika Buckner, Broker | Work: 327-2425 | Cell: 376-1662 | E-mail: jbuckner@sandyport.com
PAGE 14, MONDAY, FEBRUARY 11, 2019
Calling All BREA Agents This is the ideal spot to feature your exclusive property listings.
AGENT FEATURES
Call 502-2356 For details
THE TRIBUNE, HOME BUYERS’ GUIDE
THE TRIBUNE, HOME BUYERS’ GUIDE
MONDAY, FEBRUARY 11, 2019, PAGE 15
Advertising Contracts are available.
HUGE SAVINGS! ALSO receive FREE SPOTS on The Tribune’s Website. *Restrictions apply
Call 502-2356 or Email: cgaitor@tribunemedia.net
PAGE 16, MONDAY, FEBRUARY 11, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
Charlotteville Home Go off the grid with this 100% Solar powered home! This well designed 5 bed, 4.5 bath 3,200 sq. ft. home plus Den is finished to the highest quality. Featuring an open plan living and dining area, a modern kitchen with stainless steel appliances, recessed lighting, granite counter tops, hardwood cabinetry and tile flooring. The home is equipped with Energy Star with LED lighting and Energy Star fixtures. Additional features include a den that can be converted to an additional room, central A/C, ceiling fans, walk-in closets, washer and dryer. Residents have access to Charlotteville amenities including access to the community clubhouse, walking paths, playground and 24-hour security. REF#1796 - Carmen Massoni
$1,500,000
Turnberry Executive Townhome Charming Tower End-Unit, Four Bedroom, 3.5 Bathroom Townhouse within the Upscale, Gated Community of Charlotteville. Featuring: An open plan living, beautiful new wood tile flooring, modern kitchen with stainless steel appliances, granite counter tops, hardwood cabinetry, upgraded finishes throughout and 22KW Generator! 24/7 Secured Community amenities include open air gazebos, two tennis courts, a volleyball court, lush landscaped gardens and grounds with a unique grotto pool with waterfalls. Enjoy a healthy lifestyle without leaving the community, while bicycling, jogging and walking on the many streets. A Fantastic Location across from Specialty Grocery Store, Fresh Market, along with shopping at the Old Fort Bay Town Centre! Close to Schools, Restaurants and all Airports. Offered Beautifully Furnished! Ref#1861 - Marilyn Ayearst
$4,800 p/m
Chou Close Off McKinney Dr.
Westward Villa, Cable Beach
Hanna Road Duplex
Coconut Cove Condo
Multifamily 9,479 sq. ft. lot is ideal to build your Triplex or Fourplex with ample room for parking. Lot is in close proximity to public transportation, schools and shopping. Ref#1876 - Nikki Boeuf
Charming 2 bed, 1 bath townhome located directly on the Cable Beach strip. If you are looking for a great investment opportunity, this is a must see! The townhome is in need of some upgrades and with a little TLC it can provide excellent rental income. Ref#1581 - Rudy Carroll
Duplex consisting of a 2 Bed, 2 Bath unit and a 1 Bed, 1 Bath unit. Both units are designed with an open floor concept with a spacious living and dining area, kitchen, ceramic tiling throughout, burglar bars and central A/C. Ref#1871 - JC Percentie
Luxury 2 bed, 2 bath, 1,404 sq. ft. condo in new secured gated community, central A/C, quartz countertops, stainless steel fixtures pool and many other amenities. Ref#1859 - Advara Joos
$150,000
$175,000
1 West Business Center
Seaview Drive Townhome
Commercial Unit offering 2,000 Sq. ft. in a newly constructed plaza situated near the exclusive gated community of Charlotteville. 1 West will offer more than 30 new outlets for upscale boutiques and businesses. Lease $3,333 p/m Ref#1833 - Carmen Massoni
Two story 2 bed, 1.5 bath townhome PLUS vacant land with approved plans for 3 additional units. Features include central A/C, granite counter tops, stainless steel appliances and much more. Ref#1822 - Rudy Carroll
$395,000
$475,000
$280,000
Palm Cay Garden Townhome Spacious 2-Storey, 1934 sq ft. Townhouse, 3 Bed, 2.5 Baths with Large Patio and Ocean views. AMENITIES: 24/7 security, Beach, Marina, Fitness Centre, Tennis Courts, plus Clubhouse. Ready for immediate occupancy. REF#1803 - Marilyn Ayearst
$550,000
$359,000
Sandyport Home
Canal front 4 bed, 4 bath plus powder room home featuring walk in closets, gym, private dock, pool, covered patio balconies, stand-by generator and hurricane impact windows and doors. Ref#1786 - Carmen Masson
$1,140,000
Dunmore Drive – Canal front 2 Bed, 1 Bath, open floor plan, appliances, A/C, laundry facilities and mini docking space. $1,300 Lival Estates – Private townhome, 3 bed, 2.5 baths, 3,000 sq. ft., fully furnished, appliances, split A/C & ceiling fans in quiet community. $2,300 Southwest Caves –Stylish 2 Bed, 2.5 bath fully furnished townhome, washer & dryer, private balcony, cozy den and gated entry. $2,700 West Grove – PET FRIENDLY 3 bed, 2.5 bath, 2,500 sq. ft. townhome, gated community, open floor plan, fully equipped kitchen and pool. $3,700 Turnberry – Charming 4 bed, 3.5 bath, 2,200 sq. ft. townhome PLUS loft, fully furnished, pool, tennis court & stand by generator. $4,800
South Ocean – Single family 13,491 sq. ft. in a secure gated community with utilities in place. $120,000 Opulent Heights – Multi family 6,840 sq. ft. corner lot in developing subdivision near shopping and other amenities. $77,000 Bacardi Road – Multifamily 5,229 sq. ft. lot in an established neighborhood near shopping. Ideal to build a duplex. $68,000 East Street South Lot #41 & #42 – Highly visible commercial corner lot offering 10,000 sq. ft. in a high traffic area. $290,000 Coral Harbour – 2.3Acres, Open Zoned, 10 Lots each 9,900 sq.ft. Potential Gated Community minutes from the airport. $795,000