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Real Estate Firm Lists The Bahamas’ Most Expensive Single-Family Residence, a $39.5 Million Showpiece in Old Fort Bay

Mon, Jun 12th 2023, 02:18 PM
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One month to the day after marketing and sales specialist Matt Marco announced his relationship with Bond Bahamas, a real estate firm he predicted would “transcend the transaction,” he quietly confirmed the firm had just exclusively listed the single most expensive single-family residence in The Bahamas today, an 8-bed, 13-bath oceanfront property in the exclusive enclave of Old Fort Bay.  

“It’s been an amazing start and a great welcome to the market,” said Marco, whose extensive property owners’ rolodex built over decades of being in the development business gave him a head start when he launched with a focus on the high net worth market.  

“We’ve been able to build an incredible team in a short period,” he noted. And an impressive book of listings, he might have added, including the current crown jewel of the residential market, Apsara.  

The 14,000+ square foot oceanfront residence with high elevation and clean, contemporary lines hugs the Atlantic coastline on the north with 150 feet of frontage and graces another 150 feet on the canal with full boat dock and lifts.  

Among the features – a wall of 876 bottles in a temperature-controlled glass enclosure wine cellar that sets off a dining space for the kind of parties where memories linger long after the cognac lies deserted on the table and the tales of the night not yet turned into the stories that would be told years later.  

“Apsara is a rare beauty that is as inviting as it is show worthy,” said Marco. “Every time you walk through, you see another detail that you had not noticed before including the oversized loggias designed for seamless indoor-outdoor living. She truly lives up to her name which in Indian mythology means angels of dance and song.”  

There’s an infinity edge pool, fitness center, prized koi pond, outdoor steam room, chef’s kitchen, commercial grade elevator, staff suites. The dock with lift and storage is large enough for a boat house.  

“The property alone, just under and an acre in Old Fort Bay with water on both sides, is like a private oasis. Add a house like this equipping it with the finest of everything, you are shopping it to the top one percent of the world market,” said Marco.  

It’s a market he knows well. Marco travels to the high net worth corners of the globe like the rest of us trek to the food store, regularly. He’s as comfortable in a foreign land as he is at a local wine bar or conch stand. To ask him about frequent flier miles would be like prying into his financial status.  

“People used to say the three magic words in real estate are location, location, location. That may have been true a decade ago but today the three magic words are contacts, contacts, contacts. Our properties are here but for the most part our clients are out there.”   

And what continues to attract them to the Bahamas – the same things that always have and hold true through the most challenging of times, Marco believes. 

“The Bahamas has it all – the warmth, the people, sophisticated communications, banking and asset management capability, tax-friendly environment, a living democracy and the most beautiful waters in the world”. He continues to work with well-known developer Aristo and its president Jason Kinsale on sales of oceanfront condos like Aqualina nearing completion on Cable Beach but today he is making his mark building a team that now stands at nearly a dozen inspired by a leader who believes the world of real estate is changing and the role of property advisor that gets a listing like this nearly $40 million gem in Nassau is the future.  

Fully-equipped personal gym and fitness center is one of the features that makes the eight bedroom, 13 bath Aspara in Old Fort Bay, just listed by Bond, the most expensive single family residence on the Bahamas market today. 

One month to the day after marketing and sales specialist Matt Marco announced his relationship with Bond Bahamas, a real estate firm he predicted would “transcend the transaction,” he quietly confirmed the firm had just exclusively listed the single most expensive single-family residence in The Bahamas today, an 8-bed, 13-bath oceanfront property in the exclusive enclave of Old Fort Bay.  
“It’s been an amazing start and a great welcome to the market,” said Marco, whose extensive property owners’ rolodex built over decades of being in the development business gave him a head start when he launched with a focus on the high net worth market.  
“We’ve been able to build an incredible team in a short period,” he noted. And an impressive book of listings, he might have added, including the current crown jewel of the residential market, Apsara.  
The 14,000+ square foot oceanfront residence with high elevation and clean, contemporary lines hugs the Atlantic coastline on the north with 150 feet of frontage and graces another 150 feet on the canal with full boat dock and lifts.  
Among the features – a wall of 876 bottles in a temperature-controlled glass enclosure wine cellar that sets off a dining space for the kind of parties where memories linger long after the cognac lies deserted on the table and the tales of the night not yet turned into the stories that would be told years later.  
“Apsara is a rare beauty that is as inviting as it is show worthy,” said Marco. “Every time you walk through, you see another detail that you had not noticed before including the oversized loggias designed for seamless indoor-outdoor living. She truly lives up to her name which in Indian mythology means angels of dance and song.”  
There’s an infinity edge pool, fitness center, prized koi pond, outdoor steam room, chef’s kitchen, commercial grade elevator, staff suites. The dock with lift and storage is large enough for a boat house.  
“The property alone, just under and an acre in Old Fort Bay with water on both sides, is like a private oasis. Add a house like this equipping it with the finest of everything, you are shopping it to the top one percent of the world market,” said Marco.  
It’s a market he knows well. Marco travels to the high net worth corners of the globe like the rest of us trek to the food store, regularly. He’s as comfortable in a foreign land as he is at a local wine bar or conch stand. To ask him about frequent flier miles would be like prying into his financial status.  
“People used to say the three magic words in real estate are location, location, location. That may have been true a decade ago but today the three magic words are contacts, contacts, contacts. Our properties are here but for the most part our clients are out there.”   
And what continues to attract them to the Bahamas – the same things that always have and hold true through the most challenging of times, Marco believes. 
“The Bahamas has it all – the warmth, the people, sophisticated communications, banking and asset management capability, tax-friendly environment, a living democracy and the most beautiful waters in the world”. He continues to work with well-known developer Aristo and its president Jason Kinsale on sales of oceanfront condos like Aqualina nearing completion on Cable Beach but today he is making his mark building a team that now stands at nearly a dozen inspired by a leader who believes the world of real estate is changing and the role of property advisor that gets a listing like this nearly $40 million gem in Nassau is the future.  
Fully-equipped personal gym and fitness center is one of the features that makes the eight bedroom, 13 bath Aspara in Old Fort Bay, just listed by Bond, the most expensive single family residence on the Bahamas market today. 
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