Continuing the trending uptick in high-end property values on the eastern end of New Providence, local realtors and representatives from the Bahamas Real Estate Association (BREA) and National Association of Realtors (NAR) recently attended a Palm Cay industry event to launch the exclusive ONE Marina @ Palm Cay, contemporary condominiums with panoramic views of Palm Cay’s award-winning marina and the oceanfront.
The realtors were enthusiastic about the new real estate offering and its sales potential. The luxurious two-and-three-bedroom homes range from 1,430 square feet to 3,000 square feet and will be outfitted with signature European-style kitchens and fixtures. Condominium residents will have access to Palm Cay amenities including a beach bar and grill, swimming pools, tennis courts and a newly planned private gymnasium.
ONE Marina @Palm Cay is a groundbreaking residential product for the community, bringing a modern look and feel that is expected to attract a new market of first and second home buyers from The Bahamas and around the world. In fact, within two hours of being on the market, three penthouses with rooftop pools were sold. According to Richard Browning, General Manager at Palm Cay, this demonstrates that the condominiums are meeting a growing global demand for high-end properties with marina views.
“Palm Cay is a special community. There is a family friendly sense of security and a high return on investment for our property owners,” said Browning. “We believe that ONE Marina @ Palm Cay will continue the trend of increasing high-end property values in eastern New Providence and we’re very excited about the future.”
ONE Marina @ Palm Cay purchase prices range from US $800,000 – $1.9 million.