Owning exuma real estate has its advantages. Not only does it come with a luxurious lifestyle but it also has tax and citizenship benefits. As tourism is increasing, so is the demand for real estate on the island. You can take advantage of the increased tourism to sell your property or use it as a rental property.
In the Bahamas, non-Bahamians can buy property without having to pay double stamp duty. This makes it much easier to invest in real estate. The tax-free economy and business-friendly laws make purchasing an Exuma property a great option. Non-Bahamians can buy both undeveloped and developed Exuma property. However, depending on the value, some properties may require permits or certificates.
In addition to providing extensive information on available properties, Bahamas Realty also allows users to save their favorite listings so they can receive email notifications when similar properties become available. For example, if you are interested in purchasing a villa or land on a private island, you can use Bahamas Realty’s MLS to receive updates on the property.
Jenny Ross has 15 years of experience in the real estate industry. She joined Bahamas Waterfront Properties in 2007 and is currently with Engel & Volkers Bahamas. She graduated from Harvard University, is a Justice of the Peace, and has served on local government boards in Exuma. In addition, she and her husband, Chris, established the Exuma Foundation, which has helped support a wide range of educational initiatives.
For those looking for a waterfront home, you can buy a lot in the Exuma Cays. A great deal of these properties are located near the Exuma domestic and international airports. Some even come on private islands, such as Staniel Cay, which was the setting for the James Bond movie Thunderball.
The new Emerald Bay Resort was built by Sandals Resorts International in 2010 and sits on a beautiful white sand beach. The resort features a Greg Norman-designed 18-hole golf course and a 17-acre marina. As the chain has gained popularity, the prices of Exuma property have also increased.
The Exuma Islands are a haven for celebrities for many years. The low Bahamian taxes on non-locals have made buying property relatively affordable for celebrities. Famous individuals such as Faith Hill and David Copperfield have owned properties on Exuma. Some celebrities have even bought a private island. Recently, the Bahamian prime minister signed a contract to redevelop the airport on Exuma. Once completed, the airport will be a tier-one airport with a modern runway and taxiway.
There are also great vacation rentals on the island. The Fair Winds Tropical Beach House offers WiFi, outdoor furniture, and housekeeping services.