Why Buy and Invest on Treasure Cay Beach
(The Bahamas)
The natural beauty and pristine waters are major attractions to living in or visiting Treasure Cay. Treasure Cay Beach is the most sparkling natural feature on the island of Abaco. Breathtaking is the only word for this world-renowned beach; a 3.5-mile stretch of powdery white sand, matched only in brilliance by the turquoise water caressing its shore. There are no pictures that can prepare a visitor for the awesome site of this beach…its size, its white powdery sand and those beautiful blue waters. With all that and no crowds, there's plenty of room to create your own private paradise.
About 100 yards from the waters edge sits the Coco Beach Bar & Grill, famous for its Bahamian drink specialties and local grilled favourites. This quaint nautical facility features weekly entertainment, picnic tables, lounge chairs, thatched shades and a water-sport cabana for hobby cat, kayak and banana boat rentals.
The area was established in 1783, when 1,400 American Loyalists from the New York state region fled the Revolution and settled first in Treasure Cay at Carleton Point. From there, some moved on to nearby islands of New Plymouth, Green Turtle Cay, Hope town, Man-O-War or settled south in Marsh Harbour. Early attempts at cotton farming failed, resulting in a population reduction to around 400 settlers. These pioneers developed the economy of the island with an expertise in wooden boatbuilding, a tradition that has been passed down to present day.
Treasure Cay began as a resort destination when developed by Captain Leonard Thompson, a former Royal Air Force pilot from nearby Marsh Harbour. In 1962, Mr. Thompson and America’s largest Chevrolet dealer at the time, Dumas Milner, joined forces in creating the community of Treasure Cay. The partnership also resulted in the formation of seven miles of canal systems throughout the mangroves.
This unspoiled scenic area inspired the creation of a hotel, condo projects and private home developments, a practice that continues today. This seaside community has grown to a population of 2,000 with 1,100 private homes of both full and part time residents, a multi-cultural mix comprised mostly of Bahamians, Americans, Europeans and Canadians. To preserve the everlasting, unspoiled splendour of the area, much care and consideration is given in developing future projects.
Treasure Cay is ideal for group events including weddings, family reunions or friends creating special memories. Excitement fills the air in early summer, with the commencement of several blue marlin fishing tournaments. . By 1988, Treasure Cay had established itself as the #1 spot for catching blue marlin in the Bahamas. In 1996, a 1,030 lb. blue marlin, the second largest ever in the Bahamas, was caught off Treasure Cay. This is the first “Grander” caught in the Abacos, and is on display in the Tipsy Seagull Bar. Tournament information and photos can be found on www.treasurecayfishing.com. The nearby fishing grounds are also known for their fabulous Wahoo, tuna and sailfish, as well as bottom fishing. One can also stay close to land for a fabulous bone fishing experience! Treasure Cay has the reputation of being Adventure Island, and again the resort doesn't disappoint. Fishermen with a taste for the big catch and the bigger fish story can battle one another for blue marlin, bonefish and billfish at the resort's acclaimed fishing tournaments. Those who'd rather be captivated by the sea and its bounty instead of capturing it can scuba dive, snorkel, windsurf and sail. Landlubbers can opt for biking, tennis or just a stroll around the lush gardens blooming with coco plum, hibiscus, palms, oleander, bougainvillea, ixoras, fire crackers, red sisters and bromeliads, a true Bahamian paradise. Play tennis or take a lesson on one of the four tennis courts. For those who like to explore the 1,500 acre resort, golf carts and bicycles are available.
This is the type of property you buy on
Treasure Cay Beach
From
Signatureoverseasproperties
Pineapple Point
Water Front Condos
Treasure Cay Lagoon
2/bed/2/bathroom condos
3/bed/3/bathroom condos
Phase 1 and 2 sold out
Phase 3 now released
Do you want to live next to one of the best beaches in the world?
Treasure Cay beach
Bahamas
Each condominium will be situated within a lush tropical landscape with direct water frontage on the crystal blue waters of the Treasure Cay Lagoon leading directly out to the Sea Of Abaco
Every condo has its own Private Deep Water Dock to accommodate yachts up to 65ft in length.
Investors and owners will enjoy the Tax Free Income from the Rental Program set up for the resort Owners knowing that the Bahamas has
No Sales Tax,
No Income Tax,
No Inheritance Tax
No Corporation Tax
Gated Community
Your own boat dock
Championship Golf
Best diving sites
3 bed units achieve $2000 a week based on 36 weeks rental = $72,000
2 bed units achieve $1600 a week based on 36 weeks rental = $57,600
Price from $515,000 (aprox) =£260
Mortgages
60% mortgages are possible at 8% interest with a local bank- Mortgages take time to process in the Bahamas so it is necessary to start this procedure directly as contracts are signed in the beginning.
To reserve one of these jaw dropping condos email nick@signatureoverseasproperties.com
These will sell quickly
Abaco, the second largest island in The Bahamas, is best known as a yachtsman's paradise. Abaco and its cays are scattered over 130 square miles of aquamarine water. Its two major islands, Great and Little Abaco, have a myriad of small cays flanking the mainland. The sea channel between the islands allows for good cruising. Abaco, located in the northern Bahamas, its waters abound with fish, including the marlin and sailfish. It also has bone fishing flats.
Treasure Cay beach is 3.5 miles in length and has been voted one of the top 10 beaches in the World with white powder sand leading you to the warm turquoise crystal clear water. Within walking distance of the resort is the award winning 18 Hole Championship Golf Course voted the; Best in the Bahamas There is something here for everyone.
Treasure Cay offers just about every amenity you would normally find in a small town, including hotels, medical services, a library and museum, police station, grocery and liquor store, bank with ATM, car rentals, as well as plenty of shops, restaurants and dive outfitters.
Each condominium will be situated within a lush tropical landscape with direct water frontage on the crystal blue waters of the Treasure Cay Lagoon leading directly out to the Sea Of Abaco and beyond to the Atlantic Ocean.
Every condo has its own Private Deep Water Dock to accommodate yachts up to 65ft in length.
Investors and owners will enjoy the Tax Free Income from the Rental Program set up for the resort Owners knowing that the Bahamas has
No Sales Tax,
No Income Tax,
No Inheritance Tax and
No Corporation Tax
Low Crime and very safe
Gated Community
Your own boat dock
Championship Golf
Best diving sites
The best of Bahamas sailing can be found just 100 miles from Florida's mainland. One of the world's great cruising areas is found in the clear, reef protected waters of the spectacular Sea of Abaco. Relaxed, smooth sailing is virtually assured here, making this a favourite sailing spot for families, couples and sailors of all skill levels like jewels in the ocean, a magical collection of sandy cays to the east of the mainland offer many protected anchorages that are just waiting to be explored. Popular stops include Treasure Cay, Green Turtle Cay, Guana Cay and Hope Town with its famous candy-striped lighthouse. Local cuisine includes the best fish, lobster and conch you'll ever taste With their relaxed mood, the Bahamians are some of the most friendly people you will ever meet.. When you see the extraordinary colour of the water surrounding these islands you'll know you've arrived at the perfect location. The Resort with it's Deep Water Boat Dockage, located at Treasure Cay on the Sea of Abaco is the perfect base to call home away from home while enjoying some of the best sailing in the World.
Do you want to live next to one of the best beaches in the world?
Abaco Island, Bahamas provides Luxury with top class golf close by and boat docks for your yacht - Live in another world far away from the rat race and let the stress of modern living melt away.
A Truly unique development in an exceptional location.
Treasure Cay Beach
(Voted one of the Top 10 Beaches in the World by National Geographic)
Makes it the perfect location for both couples and families too.
Treasure Cay is the perfect spot for world-class fishing, diving, snorkelling, tennis, boating, windsurfing, golfing, island hopping, dining, swimming or just relaxing in the sun. This beautiful resort is just minutes away from Treasure Cay and all it has to offer
Ranging in size from just over 1000sqft (110 sq.m) to over 1400 sq.ft (145sqm), the accommodations will be luxurious.
Every home will have a Private Deep Water Dock to accommodate yachts up to 65ft in length.
There will also be two private swimming pools for the exclusive use of Pineapple Point owners and their guests. The development will feature local Bahamian architecture and every unit will enjoy unspoiled views across the water.
Uniquely located on the peninsula that forms the entrance to the Treasure Cay Marina.
Take this opportunity to purchase a piece of paradise with savings on already low pricing for pre-construction purchase.”
Pineapple Point
2 beds on the ground floor
3 beds on the top floor
Phase 1 and 2 sold out phase 3 now released
Unit 16 - 3 Bed / 3 Bath
Unit 17 - 2 Bed / 2 Bath
Unit 18 - 3 Bed / 3 Bath
Unit 19 - 2 Bed / 2 Bath
Unit 20 - 3 Bed / 3 Bath
Unit 21 - 2 Bed / 2 Bath
Unit 22 - 3 Bed / 3 Bath
Unit 23 - 2 Bed / 2 Bath
Unit 24 - 3 Bed / 3 Bath
Unit 25 - 2 Bed / 2 Bath
Unit 26 - 3 Bed / 3 Bath
Unit 27 - 2 Bed / 2 Bath
Unit 28 - 3 Bed / 3 Bath
Unit 29 - 2 Bed / 2 Bath
Unit 30 - 3 Bed / 3 Bath
Unit 31 - 2 Bed / 2 Bath
Unit 32 - 3 Bed / 3 Bath
Unit 33 - 2 Bed / 2 Bath
Unit 34 - 3 Bed / 3 Bath
Payment process
To Reserve your property now you can reserve a unit with just $15,000 which goes to an Escrow Account until construction is started.
Payment Terms
10% at contract
10% when foundations are poured
30% when the Structure is completed
30% when the Roof goes on
10% when the unit is completed
5% when the certificate of occupancy is issued
5% at closing
White goods Included in the $6500 Community charges to cover property maintenance, pool and garden landscaping.
12.5% legal closing costs to be added to the purchase price
Rental Income
All units are put into a rental pool the management company fees are 35% for full rental management including meet and greet and looking after clients during their stay
3 bed units achieve $2000 a week based on 36 weeks rental = $72,000
2 bed units achieve $1600 a week based on 36 weeks rental = $57,600
60% mortgages are possible at 8% interest with a local bank- Mortgages take time to process in the Bahamas so it is necessary to start this procedure directly as contracts are signed in the beginning.ROI is estimated at 10% per annum
Docks for boats are available and charged according to the beam width
12ft - $24,000
16ft -$32,000
22ft - $44,000
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