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Bimini real estate.

Old 02-09-2019, 03:25 PM
  #41  
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Originally Posted by alacrity View Post
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.

what weekend end are you going??
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Old 02-09-2019, 10:41 PM
  #42  
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I am telling you... you rent from somebody, somebody is making money. It always seems like a great deal. It is a good deal... probably. But like all things, some one is making the money.

Leasing cars, seems like a good deal, but someone figured out the car companies would make more money... there's never a bargain, there's never a safe play. If you're renting, leasing whatever, SOMEONE is making more money. So when you find a place in Abacos and pay a fair rental and you did well, realize some one has just paid on their investment, paid down their principal and are living cash free on the property.

OTHERWISE, there'd be no such thing as rentals...
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Old 02-10-2019, 02:38 AM
  #43  
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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 ;(
Years ago might have been a nice dream.
These days, why bother?
The whole Miami crowd pretty much has ruined the whole area.

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Old 02-10-2019, 02:40 AM
  #44  
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Originally Posted by cntdr View Post
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
This piece of property is actually for sale, what 4mm?
Now, buy this, the marina and old bar, and you have something.
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Old 02-11-2019, 12:33 PM
  #45  
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Has anybody on this thread retired full time over in the West End area from the U.S.? We are close enough that we are starting to make a punch list. I hear a lot of negativity, but it can' be all bad.
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Old 02-11-2019, 03:06 PM
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If you can’t afford to play it’s all bad. Whatever anyone says Bahamas is still paradise.
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Old 02-11-2019, 07:04 PM
  #47  
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Originally Posted by Andros26 View Post
Has anybody on this thread retired full time over in the West End area from the U.S.? We are close enough that we are starting to make a punch list. I hear a lot of negativity, but it can' be all bad.
I haven't heard of anyone retiring in West End. Not much to do there and now with all the possible changes ahead, I would not advise any property purchases.
There are a lot of other more desirable places to retire in the Bahamas. Another alternative is to buy a boat and travel the islands.
I did the research and math, and decided to buy and occasionally rent until my girl and I retire in the Bahamas :-)
Please feel free to pm for more info.
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Old 02-12-2019, 04:45 AM
  #48  
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If you have money you want to gamble with, then Bahamas is the place to do it. Take a look at Freeport and what happened there for the last 20 years. The only one that actually had a good run was Jack Tar back in the heydays. And they were that. It makes all these other "resorts" today lame in comparison. Those who were around know what I am talking about. West End has tried to get started with the private homes, but look what happened there. They are all for sale now. Bootle Bay has a few homes that were built for vacation homes and have survived the hurricanes well. The one thing that West End has going for it is the location to the US, but without any normal freighter coming there, only to Freeport, getting your day to day items can be tough. Staying in one place for an extended period of time gets old very quickly. I agree with CNTDR. Buy a boat and travel the islands. You may find you like Man O War or Great Harbour or somewhere in the Exumas.. At least when I get tired of a place, I can untie my lines and take off. Not so easy to do that with a property, especially with all the ones on the market. Not trying to deflate your dreams but reality in the Bahamas is different than our perception of it.
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Old 02-12-2019, 08:24 AM
  #49  
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Having a boat that is big enough to live on comfortably enough for a couple of weeks to cruise through/in the Bahamas is so much more preferable in my mind to owning in a country where the government changes constantly, the rule of law is ambiguous, the rule of the dollar is not, and any given year, a hurricane can wipe out or destroy your land-based property. On a boat, you can't get bored because you just pick up and cruise to another island. The dockage is really cheap in the Bahamas -- or you can anchor out for free. And you always have a waterfront view. What's not to like!
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Old 02-12-2019, 03:39 PM
  #50  
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Originally Posted by jillybird View Post
Having a boat that is big enough to live on comfortably enough for a couple of weeks to cruise through/in the Bahamas is so much more preferable in my mind to owning in a country where the government changes constantly, the rule of law is ambiguous, the rule of the dollar is not, and any given year, a hurricane can wipe out or destroy your land-based property. On a boat, you can't get bored because you just pick up and cruise to another island. The dockage is really cheap in the Bahamas -- or you can anchor out for free. And you always have a waterfront view. What's not to like!
thats my plan
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