Margaritaville Beach Resort Nassau Still something of a well-kept secret, this beach resort is set in a direct waterfront spot at The Pointe development in the heart of downtown Nassau. It’s a classic Margaritaville, from pizza at Frank & Lola’s to a JWB Prime Steak and Seafood eatery and a terrific beach bar called the 12 Volt Bar.. That’s along with a spa, a coffee shop and one of the Caribbean’s top cigar lounges, the rooftop Graycliff Sky Lounge. But the centerpiece is an outstanding waterpark called Fins Up featuring a lazy river, a 10-foot dive board and a host of water slides.