Bahama Island Beach comprises a large area of land, which has been divided into individual lots, the majority of which are thought to be in the region of a quarter of an acre in size. It is situated on the north side of Little Exuma, close to the Tropic of Cancer Beach, which is considered to be one of the most stunning beaches in this region, with sparkling azure water and white sand.
Indeed, the pristine white sand beaches and crystal clear waters are perfect for all water sports and activities including kayaking, sailing, bone fishing, cave diving and, of course, sunbathing.
Other lots on Bahama Island Beach are known to have access to government electricity, telephone and internet services and it is thought that the same applies to this particular lot. However, it will be the responsibility of the buyer to verify this and to make the necessary connections at his or her own expense.
The area of a quarter of an acre is ideal for the construction of a single residence, but planning consent and a building permit will be required and the buyer will have to obtain these after completing the purchase, if the intention is to build.
However, the buyer may prefer to hold the lot as an investment in a country where land values are likely to increase as the land becomes more developed, and due to the wonderful year round climate and various tax advantages of ownership in this part of the world. There is no income tax, inheritance tax or capital gains tax in The Bahamas.
If the plot remains undeveloped, it is probable that the buyer will have to pay the current rate of tax (B$100 equivalent to US$100) on a yearly basis. A different rate is applicable should the plot be built on.
Little Exuma means �Big in Reality�. The island lies south of Great Exuma and is just 6 miles long, with an area of 12 square miles. It is home to the lushest vegetation in the area and is connected to Great Exuma by a bridge called �The Ferry'.
Great Exuma is one of the most unspoilt islands in The Bahamas. It is off the beaten track and preserved from excessive development. Like Little Exuma, it is a sailing and bone fishing haven. The recent opening of the Four Seasons and other luxury resorts has significantly raised the profile of this hidden paradise. Exuma is now a much sought after destination, as well as an excellent investment opportunity.
Scenes from two �Pirates of the Caribbean� movies were filmed off the southern end of Little Exuma and on one of the little cays just offshore. The movies' stars, Johnny Depp and Orlando Bloom, often roamed around the island and ate at Santana's open-air beach shack, the island's best known restaurant � just one of the many reasons why people are drawn to this lovely paradise.
For many years, the Exumas were uninhabited and became a regular haunt of pirates. It is known that a cove on Great Exuma was a favourite resting place of Captain Kidd.
Georgetown, on Great Exuma, is the capital of the Exumas and is about 25 minutes� drive from the lot. Nearby Exuma International Airport has direct flights from Nassau, Miami, Atlanta and Toronto. There is also a small airstrip on Staniel Cay.
To conclude, this single plot of a quarter of an acre is suitable for the construction of a single residence, subject to obtaining planning permission and all other necessary consents.
Alternatively, the plot can be retained as an investment, as land values here are expected to continue increasing at a considerable rate. This plot is an excellent example, its value having increased enormously during the last few years according to the Bahamian government.
The buyer will be responsible for payment of the seller�s legal fees and costs.
These details are provided and intended as a general guide only and do not form a contract or any part of a contract. Intending buyers must make their own investigations and are advised to take appropriate independent legal advice. The final sale price may vary due to currency exchange fluctuations.