Most of us cannot imagine being able to afford to live in the Bahamas. In a place where one is in constant danger of bumping into stars like Johnny Depp or Justin Timberlake, Demi Moore or Tom Cruise, Bill Gates or Madonna one should not expect the privilege of being able to afford to buy property on the same island spaces.
Not true!! Start expecting!
The Bahamian government has introduced a duty free zone to some of the most beautiful outer islands of the chain. One of these is Long Island.
Just two hours boat ride from Great Exuma or a twenty minute flight, Shrimp Hole is a new community situated on the North Side of Long Island. On Long Island you can now build for 34% less than you could a few years ago...that makes a mighty difference to the cost of privilege.
Shrimp Hole lots are located just off the main highway which runs the length of the eighty mile island and are within a short walking distance to a beautiful, white sandy beach with turquoise waters lapping at its shores.
You can start with a 1/4 acre plot for $14,000! Yes I am going to repeat that!
$14,000 buys you a quarter of an acre with access to beach and highway on a Bahamian island complete with sun, sand and that amazing Bahamian turquoise sea. All lots have electrical, water and telephone service available on the lot, and gas can be readily provisioned.
The owner is a local islander born and bred, he says, "For years Long Island has been a well kept secret and with the current legislation that allows all land buyers to build on their plots without having to pay the customs duty on their building materials, now is the time to buy a piece of it and construct. Inevitably the island will start to get busier and prices will rise.. The Duty free status is on the island NOW - a window of opportunity that will only last a short time…."
The area is zoned for one and two storey villas, and you must build your home within 18 months of starting construction.
But who wants to wait?
More Information and to Contact Us
Emily Elizee
Property and Real Estate Liaison
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Monday, May 25, 2009
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