Eleuthera – Rainbow Bay
Prime Condo Development Site!
2+ acres on hillside overlooking Exuma Sound on Rainbow Bay. Capacity for 18 – 24 condos on site with minimum sales value of each condo of $325,000.00.
18 condos (950 sq ft each) = $5,850,000.00
(estimated construction cost $175.00 sq. ft. = $2,992,500.00)
24 condos (950 sq ft each) = $7,800,000.00
(estimated construction cost $175.00 square foot = $3,990,000.00)
Recent articles in the Wall Street Journal & New York Times have described the Family Islands of the Bahamas as one of the top investment opportunities in the Caribbean. International developers are describing the Family Islands as “blank canvasses” on the brink of world wide celebrity. (Nassau Guardian)
According to the New York Times article “The Flip Side of the Bahamas”, “More and more developers are beginning to see the Family Islands as profitable! This 110 mile long Bahamian Fishing Island, with its spectacular beaches, is being groomed as the next big thing”
Located only 240 miles off the coast of Florida – 1 hour by air.
Spectacular sunset and ocean view!
Offered at
$2,300,000
