H ome Buyers’ Guide The Tribune
Monday, December 16, 2019
The Bahamas Source For Homes, Condos, Apartments, Lots & Rentals
Balmoral
Coldwell Banker Lightbourn Realty
PAGE 2, MONDAY, DECEMBER 16, 2019
THE TRIBUNE, HOME BUYERS’ GUIDE
www.grahamrealestate.com | Phone: (242) 356-5030 A Little Bit of Heaven - Lyford Cay
5 bed 5.5 bath | Golf Course View Home | Lot Size: 27,615 sq. ft. | Living Area: 6,866 sq. ft.
$4,200,000 gross
Ref: 24666
Queen Road & Nassau East
Eves on Cable Beach
3Bd, 3.5Bth | Ocean View Condo Living Area: 2,300 sq. ft.
Ref: 20318
price reduced
3Bd, 3.5Bth | Single-Family Home Living Area: 3,452 sq. ft. | MLS: 39035
$1,195,000
$550,000
Ref: 25349
Caves Heights - Unit 6C
Harbour Mews
Pet-Friendly Condo 2Bd, 2Bth
3Bd, 3.5Bth | Condo Living Area: 2,439 sq. ft.
#12 Nelson Street, Blair
3Bd, 2Bth | Garden View Home Lot: 15,000 sq. ft. | Living: 2,000 sq. ft.
ER T D UN RAC NT O C
$379,000
Ref: 25585
Love Beach Walk 3Bd, 2.5Bth Condo
Lot #7 Glenham Village
Open Zoned Home | Soldier Road 4Bd, 3Bth | Living Area: 2,255 sq. ft.
Ref: 24871
$430,000
Elizabeth On Bay
Unit 7 | MLS: 33705 Area: 1,368 sq. ft. | Comm. Space
Available January 1st, 2020
Ref: 19661
$2,500 p/m
Lot B11 Cape Santa Maria
Lot #176 Channel Drive
Single-Family Lot | Long Island Lot size: 1.24 acres | MLS #18536
Ref: 6595
Gregory Graham President/Broker
South Seas Estate | SW New Providence
Single-Family | Lot Size: 7,500 sq. ft.
$430,000
Laura Kimble Broker
$5,900 p/m
Ref: 25610
$99,000
Ref: 24523
June Russell Broker
Dolly Griffin Sales Agent
Sophia Porras Sales Agent
Ref: 5103
$4,200 p/m
Gleniston Gardens
Single-Family | Prince Charles Drive Block 29, Lot 5 | Lot: 10,500 sq. ft.
Ref: 20779
Greg V. Miller Sales Agent
$95,000
Kevin Bastian Sales Agent
Ref: 20494
$2,400 p/m
Lot #22 Sea Beach Addition Multi-Family Lot | MLS: #37475 Lot Size: 7,695 sq. ft.
Ref: 23872
Delerese Pratt Sales Agent
$190,000
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HAVE YOU PAID YOUR PROPERTY TAX? By Mike Lightbourn
HAVE you paid your real property tax for 2019? If the answer is No, make sure you do so by the end of the year to avoid being charged interest on the amount due. You should have received your 2020 property tax bill by now. Pay your 2020 bill by the end of March next year and you will be able to claim a 10 percent discount for early payment. If you’re property has been reassessed, this will help offset any increase while assisting the cash strapped Public Treasury. Real property tax, in its present form, was established in 1969 to help government meet its financial commitments, for instance, to pay for garbage disposal, building maintenance, public service salaries and so on. The bills should be ready in October of the previous tax year. Everybody in New Providence has to pay real property tax on their homes unless it is valued under $250,000 and is owner occupied. Under this circumstance there is no tax. Any amount above $250,000 is taxable. There is no exemption on developed commercial properties and the tax rate is different. Non-Bahamians pay on any type of property they own in New Providence, whether developed or not. Bahamians do not pay on vacant properties. Bahamians in the Family islands are exempt from real property tax whereas non-Bahamians pay whether the property is developed or not. No property taxes are paid in the Freeport area by anyone. The tax is calculated on a graduated scale. • The first $250,000 on Owner Occupied residential property is tax exempt. • On the value of owner/occupied properties between $250,000 and $500,000, the rate is 3/4 of one percent. • On the portion over $500,000, the tax rate is 1% of the market value of the property. • There is a tax ceiling of $60,000 on an owner-occupied home. • In the case of non-Bahamians, on vacant land, a flat fee
of $100 is charged annually on the first $7,000 of the value of undeveloped land. Anything above $7,000 incurs a tax of 2% of the remaining property value To qualify for the $250,000 exemption, the home must be occupied at least on a seasonal basis which allows for persons who do not live in the home full time (Bahamians and nonBahamians) to qualify for the exemption. CAN I PAY IN INSTALMENTS? Homeowners who are unable to pay their bill in full may do so in monthly or quarterly instalments. If the tax is not paid by the end of the tax year, interest of five percent is applied to the outstanding amount. The government’s treasurer may also put a lien against a property and the government can take it after due process. I am unaware of this ever happening, but some years ago a few persons were sued for outstanding taxes. TAX RELIEF If it becomes necessary, homeowners may apply for tax “relief” on an annual basis. This can be granted after an investigation has been carried out, or a deferral of the tax, meaning that the tax will be held until the sale or transfer of the property. Senior citizens may be entitled to a tax break on owner occupied property. After the exemption on the first $250,000, a 50% discount on the balance of home value may be given provided the home is not valued above $1 million. In order to qualify, a homeowner must be 65 years or older and have an NIB Senior Citizen’s card. PAYING REAL PROPERTY TAX Thankfully, the nightmarish process of queuing up in long lines to pay the tax is no longer necessary. You can now pay your real property tax at any Royal Bank of Canada or via online banking. You can use your credit card and (I’m assuming) your debit card. You can also try paying on the Department of Inland
Mike Lightbourn is president of Coldwell Banker Lightbourn Realty
Revenue’s website by credit card. Or you can pay the old-fashioned way, by queuing up at the Department of Inland Revenue on Carmichael Road. Questions or comments? Email me at info@cbbahamas.com
TO ADVERTISE CALL:
Charles Gaitor 502-2356 or Email: cgaitor@tribunemedia.net
CHRISTMAS TREE SAFETY CHRISTMAS trees are staples of the holiday season that can be found in millions of households across the globe. But Christmas trees can be as dangerous as they are heartwarming. Many Christmas tree fires involve live Christmas trees that, while beautiful, pose a greater fire threat than artificial trees because they can dry out, making them vulnerable to electric lights and nearby heating sources. Homeowners can take the following steps. • PURCHASE A FRESH TREE Fresh trees are less likely to catch fire than trees that were cut weeks before being purchased. Avoid trees that are shedding their needles. Try to purchase trees with vibrant green needles that are hard to pluck. • DISCARD DAMAGED LIGHTS Damaged lights are not just an eyesore but a
significant safety threat. Electrical malfunctions in lights can contribute to tree fires, so discard any damaged lights. Before placing lights on the tree, stretch each strand out on the floor and plug them in to see if any lights are damaged or burned out, replacing those that don’t pass inspection.
• PLACE THE TREE AWAY FROM HEAT SOURCES Christmas trees are the centerpieces of holiday decorations. But trees should never be placed near heat sources, no matter how aesthetically appealing certain spots may seem. Keep trees away from fireplaces, radiators, candles, heating vents, and lights. • KEEP THE TREE WATERED A tree that gets ample water is less likely to dry out, and dried out trees pose a significant fire
risk. Check water levels and water trees in the morning and night as needed, and even more frequently if necessary. • TURN LIGHTS OFF AT NIGHT Christmas tree lights should always be turned off at night when residents are going to bed. In addition, lights should never be on when no one is home. Many Christmas tree fires involve live Christmas trees that, while beautiful, pose a greater fire threat than artificial trees because they can dry out, making them vulnerable to electric lights and nearby heating sources.
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MONDAY, DECEMBER 16, 2019, PAGE 7
Tonique Williams Darling Commercial Building-CAC #2756
Monastery Park Apartment Complex-CAC #9417
Prime real estate comprising of 3 lots approximately 1.27 acres on the busy Tonique Williams-Darling Highway. 2 lots are in front of the location on which sits 2 buildings approximating 6,000 sq.ft in size represented by 2 floors approximating 3,000 sq.ft on each floor. $2,000,000
Lovely ten (10) 1 bedroom, 1 bathroom apartment units situated in the peaceful community of Monastery Park just off of Prince Charles Drive, North of the entrance to Sea Breeze.
Winton Subdivision-CAC #3517
Estates of Seaview Unit #5-CAC #5111
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 it’s own closet, powder room and bathroom. There are 3.5 bathrooms in total. This home is perfect for a growing family! $525,000
Lovely condo for sale in western gated community. Newly renovated 3 storey, 3 bedroom / 3.5 bathroom Estates for Seaview is a quiet, family-oriented, se- townhouse located in the community of Perpall Tract cure community ideally located 10 mins from the off West Bay Street. airport, ten minutes from Bay Street and walking distance to the beach. $350,000 $495,000
Lake Cunningham Estates-CAC #8059
Nestled in an enclave as a private gated community off of BahaMar Drive, situated at #3 Middle Lake Road. This comfortable single storey home is great for a family of four (4) or a dream retirement home, equipped with all modern amenities. $800,000 $941,176
RENTALS
Sandriana Gardens Townhouse #1-CAC #296
Mount Stewart-CAC #575
Introducing Mount Stewart, once a fine Bahamian home nestled on 35,000 plus square feet of hilltop property, in the prime location of Thompson Blvd, now ready to be turned into a developer’s dream or a beautiful commercial space. $575,000
Coral Drive Fourplex-CAC #45
Great investment opportunity in the Carmichael Road area. This fourplex needs some minor TLC but once brought back to pristine condition, this fourplex can offer great return on the owners investment.
$280,000
VACANT LAND
Deleport Point Condo-CAC #960- Beautiful, newly renovated Executive 3 bedroom, 3.5 bathroom, 3 floor condo in the gated community of Delaport Point on West Bay Street.$4,000
Marshall Road Acreage-CAC #4375 - 2.07 Acre oceanfront vacant lot, access by the main road with oceanview. $340,000
St. Luke’s Medical Centre-CAC #1118 - St. Luke’s Medical Center on Collin’s Avenue is centrally located, just minutes from Doctors’ Hospital and PMH. There are three (3) Medical Suites available comprised of a Private Office and Examination Room. $3,000
Culberts Hill Lot-CAC #142 - This fantastic single family residential lot nestled in the heart of Winton, is a great investment property or perfect for building your family home. $170,000
South Ocean Cottage-CAC #3012 - Situated on a very large, beautifully landscaped lot with an executive detached home in South Ocean is a delightful 2 bedroom, 2 bathroom cottage. $3,000
Culberts Hill Lot #14-CAC #142 - This fantastic single family residential lot nestled in the heart of Winton, is a great investment property or perfect for building your family home. $160,000
Coral Harbour Condo #2-CAC #88 - Spacious 2 bed, 2 bath upstairs unit, comes fully furnished, this unit has unobstructed ocean views located on the beach in Coral Harbour $2,500
High Point Estates Lot #55-CAC #5511 - This large multi-family lot in High Point Estates is being offered complete with approved plans for a 2 unit townhouse dwelling. $155,000
Suffolks House Unit #11-CAC #112 - Furnished 2 bedroom, 1 bathroom condo located in a partially gated community in Paradise Island. It is fully furnished and equipped with its own washer and dryer, storage space and swimming pool. $2,200
Jacaranda Estates-CAC #314 - Jacaranda is a fairly new gated community, where high end custom built homes and neatly landscaped yards already exist. $138,000
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
Charlene Gibson Agent
Erin Bethell-Jones Agent
Suzette Darville Agent
sales@cachristie.com | West Bay Street | Tel: 242-326-4800, 242-325-7960 | Fax: 242-326-5684
Chris Adderley Agent
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DEVELOPERS DIRECT COMMERCIAL LAND OFFICE LEASE HOME RENTALS RESIDENTIAL LOTS RESTAURANT SPACE
Jolika Buckner, Broker
202 & 203 Church Street
103 Island Lane Modernized open plan office space with storage room, move-in ready! Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.
Available as one or two offices Popular offices finished to Sandyport Standard with attractive modern tile, glass doors, modern bathroom and kitchenette. Also includes 24-hour security, CCTV and back-up generator. Popular restaurants, post office, gas station, bank, and gym close by. Ample parking.
Office Size: 2,480 sq ft Rent: $7,400 per month | CAM: $1,653.34 per month
Office Size: 1,240 sq ft Rent: $3,720 per month | CAM: $826.67 per month
Office Size: 556 sq ft Rent: $1,800 | CAM: $370.67 per month
7 North Buckner Square
3 South Buckner Square
Great-sized open-plan office space in soughtafter area with 24-hour security and back-up generator. Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.
Great-sized open-plan office space in soughtafter area with 24-hour security and back-up generator. Popular restaurants, post office, gas station, bank, and gym nearby. Ample parking.
Office Size: 908 sq ft Rent: $2,750 per month | CAM: $605.33 per month
Office Size: 952 sq ft Rent: $2,850 per month | CAM: $635.00 per month
6 Coral Beach “Coral House”
www.sandyport.com
4-bed 4-bath fully furnished home with own private pool, generator, beach, boat dock. Spacious single-family home features quality finishes throughout, including bamboo wood floors in all bedrooms, granite countertops, stainless steel appliances, high-end ceramic tile, raised wood cabinetry in the kitchen and raised ceilings and brick driveway. $1,250,000
Contact: Jolika Buckner, Broker | Work: 327-2425 | Cell: 376-1662 | E-mail: jbuckner@sandyport.com
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