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Bimini real estate.

Old 02-03-2019, 04:23 AM
  #21  
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Originally Posted by biminibrad View Post
The underlying issues currently is “ the home owners” do not control the property. Change, that, everything changes. 99% are cash deals.
this is the problem.
You have no control over your property. If money is not an issue, I say go for it! But if you have to rely on rentals then I say find an owner on vrbo and just keep renting the property when you go.
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Old 02-04-2019, 08:52 AM
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you know what they say if it f---- , floats , or flies its cheaper to rent it !!!

Last edited by vinb1102; 02-04-2019 at 09:39 AM.
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Old 02-04-2019, 10:15 AM
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Thats the truth...!!!
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Old 02-04-2019, 01:32 PM
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Thanks guys for the replies!
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Old 02-05-2019, 04:20 PM
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Originally Posted by biminibrad View Post
The underlying issues currently is “ the home owners” do not control the property. Change, that, everything changes. 99% are cash deals.

I just saw on the real Bimini Facebook page the new owner was running all the rentals out?
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Old 02-06-2019, 06:12 AM
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Originally Posted by vinb1102 View Post
you know what they say if it f---- , floats , or flies its cheaper to rent it !!!
This is very True!!!!!
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Old 02-06-2019, 12:39 PM
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Not Bimini, but if you have a spare $19 million laying around you can have this. Or this one for a mere $125 Million.

https://www.7thheavenproperties.com/...-sale-91-acre/

https://robbreport.com/travel/destin...e-jet-2729234/
​​​​​​
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Old 02-06-2019, 01:06 PM
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Originally Posted by r.waddill View Post
So did the Bahamas actually pass the big tax on foreign owned land holders? Sounds like the next Venezuela in the making
No, that never went thru
Surprisingly, the real estate taxes are more than 50% lower than Southeast Fl property taxes

If you prefer to rent: www.vrbo.com #1406615
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Old 02-07-2019, 12:38 PM
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Originally Posted by arctic_f250 View Post
My wife has been on me about looking at a place in the sands...

Careful....Sands & the Beach club are both up for sale...Until it all gets sorted, I'd hold off...Sure miss the Beach Club

https://www.7thheavenproperties.com/...sort-for-sale/

https://www.7thheavenproperties.com/...sort-for-sale/
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Old 02-07-2019, 02:37 PM
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Originally Posted by Saltwater Dreams View Post
Careful....Sands & the Beach club are both up for sale...Until it all gets sorted, I'd hold off...Sure miss the Beach Club

https://www.7thheavenproperties.com/...sort-for-sale/

https://www.7thheavenproperties.com/...sort-for-sale/
Yes - X2 on missing the Beach Club!
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Old 02-07-2019, 08:26 PM
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Beach club never coming back, variety of reasons. I am sure a new one will appear one day some where else.
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Old 02-08-2019, 06:31 AM
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Originally Posted by biminibrad View Post
Beach club never coming back, variety of reasons. I am sure a new one will appear one day some where else.
That Beach Club property is ideal for a Fishing/Diving centric micro resort scaled for the property size.... Just takes vision, cash & the right owner. The property extends about 200-300 yards up the Port Royal canal as well as the bank side on either side of the entrance road. Both sides could be developed with a few two story townhouse with cut in slips/docks bellow, just like Great Harbour. Then revamp the marina, then the restaurant, pool area, Tiki huts & bars. Add a small shop for food/tackle/gear etc. like Big Games shop. Maybe also work in a great room above the restaurant with ocean/sunset views for larger gatherings, small weddings, fishing tournament award events etc. Rebuild the ocean front hotel with 20 rooms, in two stories as it was before. Run the path out to the SW along the rocky point with daybeds and thatched roofs like some of the cool beach clubs around the world. Last step, dredge the main marina channel more and use the fill to do a half moon around the main beach area for rough seas/wind/storm protection and add 10-12 over water bungalows like they do in Tahiti resorts. All the above separate units would individually feed revenue into the resort as each has its own potential revenue flow based on clients and time of year. With the clubs position for super quick deep water access west and the bank on the other side it would appeal to many "real" boaters/fishermen/divers and adventure type guests and they'd never have to leave the property. Plus the airport is on south with a 5-10 min ride. Yes, major infrastructure is required, power, freshwater, waste on and on and on. Devils in the details but all doable.

Yes I have been thinking about it for years.....Dreaming's free

This new Key Largo resort kinda has the "rough" idea/look I was thinking of- https://www.bungalowskeylargo.com

Anybody have Jimmy Buffets phone number? Lol....Ok, back to work and reality ;(
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Last edited by Saltwater Dreams; 02-08-2019 at 08:00 AM. Reason: added link
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Old 02-08-2019, 08:30 AM
  #33  
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Originally Posted by Saltwater Dreams View Post
That Beach Club property is ideal for a Fishing/Diving centric micro resort scaled for the property size.... Just takes vision, cash & the right owner. The property extends about 200-300 yards up the Port Royal canal as well as the bank side on either side of the entrance road. Both sides could be developed with a few two story townhouse with cut in slips/docks bellow, just like Great Harbour. Then revamp the marina, then the restaurant, pool area, Tiki huts & bars. Add a small shop for food/tackle/gear etc. like Big Games shop. Maybe also work in a great room above the restaurant with ocean/sunset views for larger gatherings, small weddings, fishing tournament award events etc. Rebuild the ocean front hotel with 20 rooms, in two stories as it was before. Run the path out to the SW along the rocky point with daybeds and thatched roofs like some of the cool beach clubs around the world. Last step, dredge the main marina channel more and use the fill to do a half moon around the main beach area for rough seas/wind/storm protection and add 10-12 over water bungalows like they do in Tahiti resorts. All the above separate units would individually feed revenue into the resort as each has its own potential revenue flow based on clients and time of year. With the clubs position for super quick deep water access west and the bank on the other side it would appeal to many "real" boaters/fishermen/divers and adventure type guests and they'd never have to leave the property. Plus the airport is on south with a 5-10 min ride. Yes, major infrastructure is required, power, freshwater, waste on and on and on. Devils in the details but all doable.

Yes I have been thinking about it for years.....Dreaming's free

This new Key Largo resort kinda has the "rough" idea/look I was thinking of- https://www.bungalowskeylargo.com

Anybody have Jimmy Buffets phone number? Lol....Ok, back to work and reality ;(
this is a great vision for the property, but it will take $20MM to build, if not more. would require coordinated airlift service, but it is doable.

this weekend, my wife showed me the bungalows in key largo that you referred to. super nice!
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Old 02-08-2019, 07:52 PM
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However.....marina and perimeter road owned by some one else other than seller according to survey.
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Old 02-08-2019, 08:00 PM
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Shannon owns the slips I believe.

Last edited by Ahoy Vay; 02-08-2019 at 08:48 PM.
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Old 02-08-2019, 08:04 PM
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Any hospitality business in the US is a tough way to make a buck unless you have unlimited resources and even then there is no gurantee of success. Doing so in the Caribbean or Bahamas is much more difficult under the best of cirucmstances. Corrupt politicans are just the beginning of the problems. Years ago I exported marine parts and hotel supplies to the Caribbean and there were only a handful of operations that i knew of that were well-run, profitable and well maintained. I think one would be wise to rent as opposed to commit to an uncertain future by buying.
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Old 02-09-2019, 04:42 AM
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That Key Largo property, $1600 for two for two nights??
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Old 02-09-2019, 06:21 AM
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Originally Posted by dpdash View Post
That Key Largo property, $1600 for two for two nights??
Yup, it’s the first all inclusive resort in the keys. They are running a “special” for $400 a night per person. Hotel prices in the keys have gone up a lot especially now during the high season.
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Old 02-09-2019, 09:22 AM
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Originally Posted by dpdash View Post
That Key Largo property, $1600 for two for two nights??
my wife has been prodding me to spend the weekend there. i looked at the pricing and well, you know the rest of the story.
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Old 02-09-2019, 01:15 PM
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Originally Posted by vinb1102 View Post
I think your right it is cheaper to rent !!
Well, it seems that if you’re renting - you’re renting from someone who owns. And if the place washes it’s own face, that can’t be that bad of a deal.
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