By Dana Niland
A significant new real estate project is coming to one of the region’s hottest developments.
Nassau’s Palm Cay has unveiled its latest project, a $100 million luxury condominium and penthouse marina real estate complex.
Named One Marina, the newest addition to the growing Palm Cay residential community in New Providence has already broken the 40 percent sales mark in pre-release.
“The pre-release response was really encouraging,” said Palm Cay Director of Sales and Marketing, Myles Newell. “When we shared the design and site plan with owners and new clients prior to going to market, expression of interest was almost instant.”
The new project includes 84 two- and three-bedroom residences, with the two-bedroom units ranging from 1,780 to 1,940 square feet and the three-bedrooms ranging from 2,751 to 4,228 square feet.
Two bedrooms start at $750,000, while the three-bedroom units start at $1.5 million, according to the company.
It’s a major expansion for the community that has become one of the top marinas in the wider Caribbean and a popular home-buying destination.
The 69-acre property, set on 1,200 feet of beachfront, has a mix of townhomes, condominiums, single-family home sites and marina cottages, along with boat slips.
“Palm Cay has a strong track record with property values appreciating consistently,” Newell said. “The resort-style development has already had approximately 160 properties purchased since opening.”
It’s part of what has become a surging development in The Bahamas, from downtown Nassau’s The Pointe to Paradise Island’s new One Ocean luxury condo project.
“Palm Cay’s quality of construction, design features, size of these residences and its amenities have helped to sell out previous phases in the development in a short space of time,” Newell said. “This time around is expected to be no exception.”
For more, visit One Marina.