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Caribbean Real Estate Investment Informationby Mike McCormick "There are some great opportunities for home investing property in the Caribbean" claims Polly McCormick, owner Premier Real Estate Group, expert in Florida Condo Conversion and Miami Preconstruction Investing. "I'm encouraging all my clients to give a good hard look at Turks & Caicos, and the out islands of the Bahamas", said Polly. "The Turks & Caicos are still affordable, and the out islands of the Bahamas are a terrific alternative to the hustle and bustle of Paradise Island and the Bahamas." Claims Polly. "The out islands are heading up. Some of the jet setters who have already bought homes on the out islands include Leon Levy, the founder of the Oppenheimer Fund; Luci Baines Johnson, the daughter of President Lyndon Baines Johnson; and the granddaughter of Lord Mountbatten," the last viceroy of India, and celebrity entertainers Patti LaBelle and Lenny Kravitz," adds Polly. The out islands are still under developed. There are no private golf courses, no five-star hotels, no shopping. But if you walk into Tippy's a beachside bistro on the string bean-shaped island of Eleuthera, the appeal is obvious; white sandy beaches that stretch forever, untarnished by condos, or hotels. Just the footsteps of tropical birds washed away by the gentle tides. But that's about to change. Hotel construction is evident everywhere you turn. This 110-mile-long Bahamian fishing island will be the next hot spot for investors and vacationers. Continental Airlines has added new nonstop flights from Miami and Fort Lauderdale. (It takes just over an hour.) And all across the island, luxury hotels are going up. Cotton Bay, a sprawling all inclusive resort now under construction will include a 73-room Starwood hotel will open sometime this year. A Club Med will be replaced by French Leave, a 270-acre resort with a marina, boutique hotel and oceanfront homes. Another marina is being built at Cape Eleuthera on the island's southern tip. This will include also include 63-home development. Poseidon Undersea Resorts wants to build an underwater hotel with capsule like bungalows offering views of the coral reefs. What's happening on Eleuthera is being mirrored on Bimini, the Abacos and the other, lesser-known islands of the Bahamas. In the past, going to the Bahamas only meant gambling at the casinos of Freeport, the tourist hustle of Nassau or the Las Vegas style resorts of Paradise Island. The other 30 or so sparsely inhabited islands are so off the tourist radar that they are simply lumped together with the 700 uninhabited islands and are just referred to as "The Out Islands." But now the Out Islands are in. Virgin beachfronts are being sold and developed. Thatched roof bungalows are being bulldozed over to make room for beach front condos. And new resort construction is starting all across the island. Developers want to duplicate the appeal of the high profile Caribbean destinations like Anguilla and Turks & Caicos to the backwaters of the Bahamas. For more information on preconstruction, and condo conversions for investments, vacations, or retirement visit Premier Real Estate Group www.condo-conversion.ws. They maintain an active inventory of properties all across the nation that is updated regularly. |
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