Above: 20 Princess Isle

By the Caribbean Journal staff

An oceanfront estate in Grand Bahama is headed to the auction block.

20 Princess Isle, a Freeport-area property currently listed for $13.8 million, will be auctioned on May 14 in cooperation with James Sarles Realty Coldwell Banker.

The Palm Beach-style estate is located on 1.44 acres and 150 feet of private beach frontage.

“The vision was to create a fantasy home, not simply a beach house, which is exactly what we did,” said David Kollat, a former president of Victoria’s Secret Catalogue. “In the fashion business, the primary focus is always on design and attention to detail. Here, we created not only a beautiful home, but a relaxed and quiet place where one could reflect and create. I always loved its tranquility, serenity and solace.”

The property, which was designed by architect John Mitchell and interior designer David Berg, also includes a .28-acre canal lot with 100 feet of deep water dockage.

“Having been in at least a thousand luxury homes around the world as a part of my job, I can truly say that this particular house stands out as one of my all time favorites,” said Mike Russo, vice president of business development for concierge auctions. “The inspiration stemming from Mizner’s Palm Beach design is evident from the moment you walk in the front door. There is not one spot in the home where you couldn’t imagine spending time relaxing or with family and friends, living out your oceanfront dreams.”