“Ocean Club Estates is one of the most exclusive communities in The Bahamas. A combination of beautiful beaches, a par-72 championship golf course, and meticulously-kept surroundings are just a few of the reasons why discerning home buyers love this community.” Advisor, Silvina Andrews.
All the Ocean Club Estates‘ home lots on Paradise Island are on the beachfront, canal, harbour, or waterfront. Four stylish buildings contain 88 luxury condominiums with views overlooking the marina and harbour to the south and the golf course and ocean to the north.
Why is Ocean Club Estates such an attractive destination for Bahamas property investors?
Silvina says, “The Ocean Club Estates residential community was developed alongside the world-renowned Atlantis Paradise Island Resort and the One&Only Ocean Club and is one of the most elite luxury developments in the Bahamas.”
Ocean Club Estates has 125 home sites with homes ranging from 20,000 to 100,000 square feet and is currently listed from $2.8mil to $39.5mil. It is currently 86% built out.
Looking at the last three years, most houses fetched $11million-$16million and were between 28,000 and 30,00 square feet.
Lots actively for sale range from $1.9 to $9million for a triple lot. Those sold in the last three years average around $4.5million.
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Silvina Andrews says, “Based on data averages, the most in-demand Ocean Club Estates property is an 8,200 square feet Modern-style home with six bedrooms and eight bathrooms and is for sale, just under $7million.
“Houses with harbour or sea views, a private marina and dock, and panoramic views are favoured.”
Homes on the beach are considered prime real estate with direct access to Ocean Club Estates’ most coveted location: white, powdery sand and incredible turquoise water. Also, there are wonderful views of neighboring islands.
Canal and Harbourfront Homes
Approximately one-third of the properties are situated on the canal. The price of a property on the canal varies according to the linear footage on the waterfront. Residents in these areas love the views of Nassau Harbour with its daily boat activity and the beautiful twilight and night lights of New Providence.
Golf Course Homes
A golfer’s ultimate dream is to have a course in their backyard. These homes provide views of the beautifully maintained course and lakes as well as partial ocean views.
Taking account of amazing amenities including a private marina, golf course, private beach, and beach club, tennis courts, and 24-hour security, as well as amenities offered by Atlantis and the One & Only Four Seasons Resorts, monthly rental income can range from $10,000 – $50,000.
Here is a more in-depth look at the amenities and privileges.
For all who love golf, boating, and watersports, Ocean Club Estates is a dream destination. “The Ocean Club’s championships course is world-renowned for its design and maintenance. Golfers say that some holes have the most beautiful views they’ve ever seen on a course. The course also boasts of having hosted several international tournaments such as Pure Silk and Michael Jordan Celebrity Tournament, “ Silvina explains. “For boating enthusiasts, Ocean Club’s marina is just minutes away from Rose Island and an easy shot to the Exuma Cays.”
Famous hotelier Sir Sol Kerzner, the founder of Atlantis and the One&Only Ocean Club, purchased the fabulous Paradise Island properties in 1994. Development of Ocean Club Estates took off at lightning speed. To this day, Ocean Club Estates residents can enjoy the Atlantis and Ocean Club facilities as their own as a membership privilege.
The exclusive Ocean Club Estates private community’s vision was to offer residential lots so owners could build luxury homes in their desired styles and take advantage of surrounding amenities.
The 18-hole, par-72 golf course, designed by Tom Weiskopf, spans 7,100 yards and is surrounded by the Atlantic Ocean and Nassau Harbour. The ocean views are amazing, and the bunkers are challenging!
The exclusive Ocean Club Estates Beach Club is reserved for residents and guests to sunbathe by the infinity pool, enjoy the beautiful beach, and benefit from the full-service options.
For more information, see Engel & Völkers Bahamas’ Market Insight for Ocean Club Estates.