Bahamas Real Estate In The News

Bahamas Real Estate
The real estate agents and reps at Coldwell Banker Lightbourn Realty are stationed throughout the islands of the Bahamas.
If you're looking for Bahamas real estate in Abaco, Andros, Berry Islands, Bimini, Eleuthera, Harbour Island, Spanish Wells, Exuma and Long Island, you'll find a Coldwell Banker real estate agent dedicated to meeting your needs.

Nassau Real Estate
Nassau, the capital of the Bahamas, offers the most versatile real estate options. Whether you're looking for a single family home, condo, town house, vacant land or rental, Nassau real estate covers it all.
Nassau, located on the island of New Providence, is linked to Paradise Island by bridge. The top real estate picks on the island are Lyford Cay, Ocean Club Estates on Paradise Island, Old Fort near Lyford Cay, and Port New Providence.
However, there are many other attractive real estate options in Nassau. Our Nassau real estate agents are keen to help you find a home and/or relocate.

Abaco Real Estate
Abaco is the third most developed island in the Bahamas. Abaco real estate is extremely popular as a second home destination for Bahamians, North Americans and Europeans. Coldwell Banker Lightbourn Realty has two Abaco real estate offices - in Marsh Harbour and Green Turtle Cay - and a third real estate agent in Cherokee, Abaco. One of our agents lives on Man O War Cay.
Our president, Mike Lightbourn, is a former Member of Parliament for Abaco. A real estate broker for more than 30 years, he has a broad knowledge of Abaco and the islands of the Bahamas.
He is also a second home owner on Abaco.
Whether it's Hope Town, Man-O-War Cay, Marsh Harbour, Winding Bay, Cherokee, Green Turtle Cay or any other island in Abaco, nobody knows real estate on those islands better than Mike Lightbourn.

Eleuthera Real Estate
Eleuthera real estate is incredible. The rolling country side and cliffs of beach-studded Eleuthera make the real estate on that island unique in the Bahamas. Eleuthera continues to draw the rich and famous, especially Harbour Island where real estate prices have increased dramatically over the years.
Coldwell Banker Lightbourn Realty has real estate agents on mainland Eleuthera, as well as the Eleuthera satellite cays of Harbour Island and Spanish Wells.

Harbour Island
Our real estate agent on Harbour Island, Robert Arthur, is a four time Coldwell Banker presidential circle winner and top producer. Visit Robert at his bristro - Arthur's Café and Bakery on Harbour Island.

Exuma
Our Exuma real estate office is located in downtown George Town upstairs in the Marshall Complex. Dale Kemp, our real estate agent in Exuma, is ably assisted by his wife, Lisa.
Together, the couple will help with your property needs in Exuma.

Land Policies for the Islands of the Bahamas
POPULATION growth and the demand for real estate in the Bahamas are likely to result in an official land development policy.
The Ministry of Energy and the Environment is looking into the use of land on several islands. Land availability, the potential for decentralising and population growths will factor into the review. The ministry is focusing on New Providence, where the capital of the Bahamas, Nassau, sits, as well as Harbour Island, Exuma and Eleuthera.
Harbour Island is of particular interest because of its small size - 3 miles long and ½ mile at its widest point and the demand for real estate generated by its beauty. The ministry said there's an urgent need for a master plan for Harbour Island.
The Bahamas government and winter residents of Harbour Island are partnering up to develop a new land use plan. A draft land use plan for Exuma was completed in 2003, but population growth surpassed expectations and so, a new plan is being prepared.

ABACO REAL ESTATE
An exciting new real estate development in Abaco aims to set the pace for residential development in the Bahamas in terms of renewable energy. The 570 home Schooner Bay development will not only replicate the quaint, historic villages of Abaco, but is to generate up to 20 percent of its electricity needs.
The Abaco development follows in the footsteps of The Island School on Eleuthera island in the Bahamas. The school started on a piece of Eleuthera real estate over a decade ago and uses a hybrid wind and solar system.

EXUMA REAL ESTATE NEWS
A Supreme Court judge has criticized lawyers who were attempting to change illegal Bahamas real estate transactions into legitimate ones “as if by some magical sleight of hand.” The ruling by Justice John Lyons confirms developers cannot sell lots without their subdivision having full approval from the Ministry of Works.
He was ruling on a contract dispute involving a 40-acre Exuma real estate development. Exuma is an island in the south eastern Bahamas.

PARADISE ISLAND REAL ESTATE DEVELOPMENT
The Bahamas Supreme Court has blocked further construction and sales on Ocean Place on Paradise Island, Bahamas, pending the outcome of an investigation into whether the real estate developers have proceeded in accordance with their original approvals.
If the developers disobey, they will be held in contempt of court, Justice Anita Allen said. The injunction springs from an action taken by Paradise Island resident Maria Castrechint, who is believed to live next door. She argues that the size and positioning of the development has lowered the value of her real estate next door.

LEHMAN BROTHERS & BAHAMAS REAL ESTATE
The failed Lehman Brothers bank is an equity holder in the propped Ritz Carlton hotel and residential real estate project on Rose Island off Nassau, Bahamas, according to the Nassau Tribune.
Lehman Brothers was also an owner of the Hurricane Hole marina complex on Paradise Island, which was sold to Paradise Island real estate giant Kerzner International. Lehman also sold the Holiday Inn Resort on Paradise Island and the Nassau Palm Resort in Nassau to the principal of the Gencom Group, according to the Bahama Journal.

LYFORD CAY, NASSAU
The oldest gated community in the Bahamas, this exclusive real estate enclave is home to Sean Connery. International best seller Arthur Hailey and CBS head William Paley, both now deceased, also owned homes in Lyford Cay. Members of the Bacardi rum family have homes in Lyford Cay. Some of the priciest real estate in the Bahamas is found in Lyford Cay.