Latest news of the $3.5 billion resort Baha Mar’s much anticipated opening is forecasted to prove well for every business in Nassau, creating jobs and contributing to the economic development of the region, especially enticing the second home market to invest in the destination.
The 1,000-acre megaresort, which includes a 1,000-room casino hotel, a 300-room SLS Lux, a 200-room Rosewood and a 700-room Grand Hyatt as well as a championship golf course designed by Jack Nicklaus and a 30,000-square-foot spa, has been billed as an economic engine for the Bahamas, with projections that it could grow the country’s gross domestic product by 12%, as reported recently in Hotel News Now.
The Bahamian government’s recent announcement that construction will resume on the resort complex this month with plans to open in 2017 are paving the way for home buyers to invest in second homes with many nearby condominium developments already experiencing an uptick in sales, including Caves Heights located just four minutes from Baha Mar.
Playing host to two-, three- and four-bedroom condos ranging from 1,855 to 4,594 square feet, luxury condominium development Caves Heights in Nassau has seen a peak of interest in its remaining units priced between $695,000 and $2,100,000. “There has been a significant increase of inquiries,” said Gustaf Hernqvist, vice president of sales and marketing.
While The Bahamas is known for tax breaks, vibrant culture, and easy accessibility to the United States, Nassau is a canvas for many renowned art enthusiasts, entertainers, investors, and business elite calling it home away from home. With real estate offering resort-style living with pockets of privacy, attractive investment opportunities readily available, and coupled with year-round warm temperatures – it’s paradise within reach.
ABOUT CAVES HEIGHTS
Caves Heights is destined as the premier luxury condo development in Nassau, The Bahamas for second-home buyers and investors. Amenities include a heated lap pool, a family pool, fully-equipped fitness center and aerobic room, lit hard-surfaced tennis court with side pavilions, gazebos, picnic areas, 24-hour security, air-conditioned storage, and ample parking. The adjacent Caves Village, accessible by golf carts provided to residents, offers lit paved walkways and lush landscapes enveloping a variety of shops, restaurants, salons and spa, fine wine and spirits store, pharmacy and other conveniences. www.cavesheights.com