The popular beachfront and marina community of Palm Cay on New Providence's southeastern coast is unveiling a new design for one of its most competitively priced residential offerings-- two and three bedroom single level condos accessible by elevator for well under $500,000. The single level design released this week for Phase 3 of the Anchorage condominiums has already been greeted by positive response.
"Single level residences with the convenience of elevators for second and third floor residents for carrying packages and groceries offer the best of all worlds, the view from above, the ease of living you'd expect at ground level," said Celeste Nixon, Palm Cay sales and marketing team.
The newly-introduced units range in price from $400,000 for a uniquely-designed 1,350 square foot, two-bedroom loft to $415,000 for the 1,476 square foot, three-bedroom condo unit pre-construction. Residences feature high ceilings, storm-rated glass doors and windows, high-end bathroom fixtures, granite countertops in kitchen and bath, private terraces and extensive attention to detail in construction. Half of the 12 units in Phase 3 have already been sold.
"People love the community with all the activity, the Friday music and pizza nights, the jazz, the Sunday barbecues on the beach," said Clara Alcime, also a member of the Palm Cay marketing and sales team. "It's like living in a private resort with your own marina, where you can play tennis and do yoga on the beach. Like everything we do, we listened to the market and provided options - some residences with multiple levels and this exciting design with single level living on all three floors, with the top two floors accessible by elevator. We believe that this is unique in Nassau."
When completed, the five phases of the Anchorage will consist of 18 three-storey buildings with a total of 48 residences. Phases 1 and 2 are completely sold out, with construction complete on the first phase and nearing completion on the second. Originally valued at $17.5 million, the finalized Anchorage project is now projected to be worth closer to $20 million.
Anchorage condos are the latest component of the $200 million community that includes luxury townhomes, single family residences, clubhouse and restaurant, a 194-slip marina, new dockside eatery, lighted tennis courts, pools, 24-hour security and more than 1,200 feet of white sand beach.
Palm Cay developers have said the community aims to satisfy every segment of the market -- in the local market, young professionals, families buying their first home and moving into a larger home in the same development later, at the other end of the age spectrum, empty nesters and retirees wanting to downsize. For the international and second home market, Palm Cay's Starfish Isle luxury townhomes right on the beach and one lane away have been the magnet. Starting at $650,000, the 2,000-square foot homes feature three- and four-bedroom options with open floor plan on ground level with kitchen, dining and living room on ground floor, master suite with ensuite bath and walk-in closet along with other bedrooms on second floor with terraces on both levels.
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