3.59 acres of beautiful beachfront property with four 768 sq. ft cottages with open plan living room, kitchenette, bedroom and bathroom located at Flamingo Bay, on the southern shore of Cat Island in the Bahamas. Great for a family or corporate retreat or boutique resort.
There is also a 140 square foot utility building with provisions for a washer and dryer. The property features 250’ of sandy beach frontage at one end, and overlooks an inland lake at the other end, and in between there are rolling hills up to about 50’ high.
The property is located on a peaceful crescent shaped bay about one half mile long, with 95% sandy beach, and numerous reefs beginning 200’ offshore. Snorkeling and kayaking are excellent. Deep-water fishing begins about 1 mile offshore. At each end of the bay there is a high, rocky hill that provides privacy and seclusion. The property has fruit trees and numerous species of native trees. It is also home to about two dozen species of birds.
The four cottages have a potential income of $3,200 per week and there is room to build a larger home on the beach if so desired. Electricity, telephone, DSL and water are all on site.
The property is located 15 minutes from the local regatta site and fish fry as well as the highest point in The Bahamas on Mt. Alvernia. It is also 25 minutes away from Hawks Nest marina (with its own airstrip and small hotel), 5 minutes from the Flamingo Hills Marina, currently under construction, and 25 minutes from the Island’s main Airport at New Bight (TBI). Cat Island is a 90-minute flight from Fort Lauderdale, Florida, and 35 minutes from Nassau.
This property is ideal for someone looking for a peaceful island lifestyle with income potential from the cottages.
- Living Area:3072 sqft
- Total interest:$ 1,398,837
- Total loan value:$ 2,898,837