Caribbean Home: Nassau’s Palm Cay Is Expanding

A rendering of the new units

A $2oo million project is getting bigger

By Dana Niland
CJ Contributor

The beachfront community of Palm Cay on New Providence’s southeastern coast is unveiling a new design for its most competitively priced residential offerings.

The design was released this week for Phase 3 of the Anchorage condominiums, which will feature two and three bedroom single levels condos for well under $500,000.

“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, of the Palm Cay sales and marketing team.

The units range in price from $400,000 for a 1,350 square foot, two-bedroom loft, to $415,000 for a 1,476 square foot, 3 bedroom-condo.

All of the residences feature high ceilings, storm-rated glass doors and windows, high-end bathroom fixtures, granite kitchen and bath surfaces, and private terraces.

Palm Cay reports that it has already sold half of the Phase 3 units.

“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, another 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, 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.”

Upon completion, the five phases of the Anchorage will consist of 18 three-story buildings, totaling 48 residences, and comprising a value of $20 million.

Anchorage condos are the latest development of the $200 million community that includes townhouses, single family residences, a clubhouse and restaurant, a 194-slip marina, new dockside eatery, lighted tennis courts, pools, 24-hour security, and over 1,200 feet of white sand beach.

Palm Cay developers have said that the community intends to satisfy every sector of the market–from local young professionals, families, and empty-nesters, to international buyers in search of a second home.