Real Estate Group sells $6.3M development property near Albany

Mon, Jul 25th 2022, 01:49 PM

Two years since its launch, BE Luxury Real Estate Group closed its largest sale to date—a $6.3M property near Albany, the luxury resort community.

 Perched on a 22-acre beachfront property, the parcel is in close proximity to Albany’s marina with over 200-feet of shoreline. Sold to international investors, the undeveloped land is just minutes away from the prominent communities of Lyford Cay and Old Fort Bay.

 BE Luxury Real Estate Group (BELRE) comprises of Shamon Campbell and Aaron Davis — associates of the established realty firm, H.G. Christie, the exclusive local affiliate of Christie's International Real Estate.

 “We’re humbled by our success in the first half of 2022. It is simply the results of our vision for local expertise and direct global relationships. Alongside our broker, H. G. Christie, we expect to continue to increase our marketing initiatives and provide an incomparable level of service to our clients,” Campbell said.

 “What separates BE Luxury Real Estate Group from other agents and teams is its full-service approach to the industry. Our head company and lifestyle division ensure that clients have an array of services to choose from including butlers, chefs & yacht charters to amplify their experience along with villa specialists to ensure their properties are well maintained and generating a healthy return on their investment,” she continues.

 Paving the path to “another record-breaking year within the luxury market,” BELRE is focused on their newest exclusive listing, a waterfront property in Old Fort Bay with a $8.1M price tag. Securing a buyer for this signature property will solidify the team’s position as industry leaders in this market.

 BE Luxury Collection, the parent brand, also has its sights on properties in Turks and Caicos, and the Latin Caribbean market. Campbell noted that while The Bahamas leads in buyer and traveler interest, the overall mission is to be a trusted resource for real estate and lifestyle in comparable markets across the Caribbean.

 Davis projects that the second half of 2022 will continue to break records for the amount of properties sold and price per square foot in certain areas.

 “As buyers begin to make travel plans to the Caribbean for the fall and winter season, they will scoop up the rest of the inventory in an already near-barren market,” Davis said, adding, “Sellers, who haven’t budged to the action yet, are getting close to their breaking point and will join in the action soon, this should not only match the current demand, but demand to come from buyers who are able, but still undecided on the Caribbean.

 “If the world's wealthiest continue to spend as we've seen in the past two to three years, prepare for a further 10-20% uptick in price on luxury properties and for overlooked, non-gated areas, like oceanfront Eastern Road and beachfront Southern Shores and Adelaide to trade significantly higher,” he said.

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