Call + 242 - 374 3091
Call + 242 - 375 5297
BOATER’S PARADISE IN THE BAHAMAS
Basking under blue skies, this beautiful 3 bedroom,2 and a half bathroom home is set in one of the most prestigious canal neighborhoods on the island of Grand Bahama, known as Fortune Village.
It was constructed by Grand Bahama Island’s premier real estate developer of canal-front estate homes who builds only a limited number of excellent quality homes. It sits on a square half acre plot with 106’ seawall.
As you enter the house, you are captured by the amazing views. Making the most of the outdoors, the main living area opens onto a spacious covered patio and outdoor kitchen area via impact resistant French doors. The large picture windows and doors frame a beautiful garden and canal views, while providing ample natural lighting throughout the home as well as a refreshing breeze, making this home an entertainers delight!
This is a rare find characterized by bright flowing spaces and cathedral ceilings. Its excellent SW/NE orientation means that you do not have the full blast of the sun entering the house.
There are 3 a/c units, one for the main living area, one for the master bedroom/bathroom/dressing rooms, and one for the 2 guest bedrooms and the redesigned shower room.
With 102’ of treated wood dockage equipped with a 12,000 lb. boat lift, floating dock and dock power pedestal it is a boater’s paradise, with its clear water canal providing direct access to the ocean less than 2 minutes away.
Beautifully landscaped with a pool, barbeque area, vegetable garden, numerous fruit trees and a separate very large 2 car garage, this home has it all!
Call Martine Wardill on +242 - 375 5297 or +242 - 374-3091 to arrange a viewing today.
Fortune Point Drive is less than 5 minutes away from shops, schools and beaches.
Inside the house
Hurricane windows/doors at the rear
Metal shutters for the windows
Granite counter tops and sink in the kitchen
Quartz counter tops in the newly refurbished master bathroom
His and hers washbasins
His and hers dressing room
Large jacuzzi tub
3 a/c units
New water softener installed in October 2018
Reverse osmosis water system
2 hot water tanks
Solid mahogany doors throughout
12 K generator (manual)
Extra freezer in the garage
Washing machine, dryer
Fridge/freezer, dishwasher, large microwave and oven in the kitchen
New GE cookstop - 2019
Front load whirlpool washing machine
Electrically operated gate and garage door
Mosquito nets on all French doors
Brand new mosquito screens on all windows
2 flat screen televisions
Outside the house
15’ x 30’swimming pool
Large 2 car garage with storage
102’ wooden dock with power pedestal
Raised vegetable garden
Rain water collection system
External security lighting
Electrically operated gate and garage door
Hi-Tide 10,000 lb boat lift
Freezer in the garage
Weber coal BBQ
Top Reasons to Buy your Dream Home IN THE BAHAMAS
You will love it!
The Commonwealth of The Bahamas is a tax free zone nation since gaining its independence from the United Kingdom in 1973.
Its clear turquoise blue seas are unique in the world and the average temperature all year round is between 70-85 (21–29) with more than seven hours of sunshine every day.
Life on Grand Bahama is laid back and relaxed. You can choose to chill by your pool, but for those who prefer something a little more adventurous or active, the island offers fabulous sports fishing, boating, crystal clear water diving and golf, to name just a few of the activities on offer here. There is always something to do in The Bahamas.
The people in the island, both Bahamians and expats are very friendly and welcoming.
Grand Bahama is only a 20 minute flight from Fort Lauderdale, Florida, with direct flights from the USA and Canada, and if you enjoy cruising, you can travel here with the Paradise Cruise line (www.bahamasparadisecruise.com) which will take you on an overnight trip from and to Palm Beach.
Getting permanent or annual residency is an option for those who might want to live on the island for longer periods of time or permanently and is a relatively straight forward and easy procedure. Another option for the homeowner is the Annual Homeowners Residence Card, which allows the permit holder, spouse, and minor children to enter and remain in The Bahamas for the period of the permit.
It is a great Place to Invest and there is absolutely NO INCOME TAX, NO INHERITANCE TAX and NO PROPERTY TAX in Freeport. There are also no taxes on capital gains, corporate earnings, sales or dividends. This tax freedom is available to everybody who resides here.
The Bahamian Dollar is on par with the United States Dollar, meaning no complicated exchange rates or transactions.
Planning permission has been granted to extend the garage if you so wish, creating an independent guest house, office.
BUYING A HOME IN FREEPORT
The Government Stamp Duty (tax on the conveyance of real property). This is a graduated tax. The total amount of the tax is calculated as follows:
There is a total tax of 10% on all real estate transactions valued at $100,000 and over. This includes the 2.5 % government stamp duty plus 7.5% VAT. (VAT registrants will be able to claim as a credit or net off the 7.5 % VAT on commercial property sales valued at over $100,000).
There is a 12% Value Added Tax (VAT) charged on real estate services, including appraisals, legal work and commissions.
Once an offer is accepted by seller, a 10% deposit is put into the seller's attorney's escrow account to take the property off the market.
Typical closing time is 60-90 days.
The bar standard for attorney fees is 2.5% of the purchase price for both the buyer and seller and each party needs representation. In The Bahamas, you must use a Bahamian attorney for the transaction. It is not uncommon for one attorney to represent both buyer and seller, and in that case, attorneys will slightly reduce their fees. Attorneys handle title search and applications for all permits.
Local banks have many programs available to facilitate mortgages and will be happy to discuss ways to finance your real estate purchases.
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