Great Whale Cay, Nicholls Town And Berry Islands, Bahamas  

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Overview

From $ 35,000,000 - $ 59,900,000

Development Description

735.92 Acres as part of a Bankruptcy Sale. Over a seven (7) year period, the existing owner has methodically consolidated ownership of the island to make it available for development or sale. The repurchase of most of the land, island improvements, and changes to the CC&R’s were designed to improve the ease with which the island could be sold or developed by future developers. This provides the new owner with over 90% of the island by direct land ownership and 100% control to enforce reasonable restrictions on current and future development of the island. Deed restrictions on the other lots and remaining homes allow for a Master Development or design criteria to be stipulated by the current owner for the entire island. This uniformity of architectural controls represents tremendous additional value, allowing the developer and/or the new owner to control design criteria and land planning issues comprehensively. This also mitigates product risk in terms of product level and exclusivity. The current owner has fee simple ownership, Title Insurance via First American Title Company and registered Covenants, Conditions and Restrictions. Previous approvals were granted by the Bahamian Government to include commercial operations, airstrip, marina, hotel and communal parks, resort homes and related facilities such as tennis courts, restaurant, swimming pool and 155 platted and approved, ready to build, individual ±1 acre home sites. The current owner has also obtained the expert advice of four highly respected firms specializing in land planning: EDSA, Wood & Partners Inc., Hart Howerton and Lane Pettigrew Associates Great Whale Cay spans 850 acres of lush, ecologically unspoiled land with elevations reaching up to 60’ and miles of extraordinary white sand beaches. The island is surrounded by shallow flats, coral reefs and deep water. Located at the tongue of the ocean, the island boasts some of the best fishing and diving in the Caribbean. Great Whale Cay is a unique island with extraordinary natural beauty that illicits a sensory response from every vista. A tropical version of the Garden of Eden, Great Whale Cay benefited from the 1 930’s through 1970’s from its wealthy owner, Marion Carstairs. The existing vegetation was greatly enhanced as more hibiscus, oleander, bougainvillea, and palm trees were planted as part of Carstairs plan. The industrious efforts of Carstairs and her crew resulted in miles of roadways that serve today as an extraordinary trail through the history of a wealthy eccentric – and a trail around a pristine island. In addition to interesting structures, lush tropical vegetation, and an ideal climate, there are fabulous stories about Carstairs “The Queen of Whale Cay” who ruled her island for over 40 years. The airport runway  is currently 4,000’ with the capability of being extended to over 5,000 ft. Hangars can be provided for privately owned planes. Direct charter and private flights – The 4,000 foot airstrip at Whale Cay is capable of handling small jets, most single and twin engine piston and turbo prop aircraft. Flight time from Nassau to Whale Cay is approximately 10 minutes. Flight time from Fort Lauderdale is approximately 45 minutes. Flights from Fort Lauderdale and other locations outside the Bahamas currently stop at adjacent Chub Cay to clear immigration and customs. Nassau is within an hour boat ride or a short 10-minute flight. Nassau offers an International Airport with flights arriving from around the world, World Class cuisine, duty free shopping, championship golf courses, and Casinos. Ft. Lauderdale and Miami are accessible via a 20 minute flight. The islands’ main attractions are seclusion, privacy, natural amenities such as fishing, diving, bird watching, kayaking, nature trails, beaches, shelling, and for more diversions there is easy accessibility to the U.S. and Nassau. Great Whale Cay is an ideal place for a highly qualified investor to create their own Kingdom in the Bahamas..

Developer Information

Name : Jerome Lewless

Phone # : 407-955-1497

 

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