Luxury Portfolio

This Private Island Paradise is up for Auction - and there's No Minimum Bid

 

Have you ever dreamt of owning your own sun-soaked private island? Now's your chance. Heading to auction on March 26th, with no minimum reserve is the opportunity of a lifetime.

Yacht in the water by St Andrews Island, little Ragged Island

Little Ragged Island, one of the largest private island in The Bahamas, is up for auction March 26th

Ringing in at an expansive 730 acres, St. Andrew's, also known as Little Ragged Island, is both the southernmost and the largest private island in the Bahamas currently for sale. Listed exclusively with Bahamas Realty agent, Stuart Halbert, the island is up for auction in collaboration with Concierge Auctions, a US real estate company that auctions luxury properties and has a client list that includes some of the most affluent buyers around the world, and notable celebrities and sportspeople.

Sand flats on Little Ragged Island in The Bahamas

White sand flats and deep waters make this one of the best fishing grounds on the planet - you'll find grouper, snapper, bonefish and many other species in abundant supply.

Surrounded by azure ocean waters and fringed with pristine white sand beaches, the island is breathtaking from first look and presents infinite possibility. Elevation varies from sea level to a hilly 40 feet. The eastern side of the island features deep water access, perfect for large ships to pull up, making it truly ideal for development and construction.

St Andrew's Island aerial - Little Ragged Island is up for Auction

A developers dream, the island has deep water access for large ships and yachts.

A perfect blank canvas of rolling hills, lignum vitae trees, and calm warm waters begs to be painted with your dream project: a picturesque private residential settlement, a crown jewel of a tropical estate with miles of private beaches to wander, or a boutique resort with more than enough acreage left to add an entire 18-hole golf course. The island's possibilities are as limitless as the Atlantic Ocean surrounding it.

The island is a developer's dream, with space for a luxury resort development, deep water access for ships, or even, as CNN points out, room for your very own Bond villain layer. After all, James Bond is famously fond of The Bahamas.

Bidding opens March 26, 2021 and closes March 31. Contact us for more information.

The State of the Luxury Real Estate Market – Just Released Report

The Residential Luxury Market is poised to have a banner year as demand fuels growth at the top.

State of Luxury Real Estate Report from Luxury Portfolio International | Bahamas Realty

Luxury Portfolio International®  (LPI) has released a comprehensive, first-of-its-kind report, which delves into affluent consumer attitudes and trends across the globe.

The State of Luxury Real Estate Report revealed that of the 30 million+ households represented, more than 15.5 million will be in the market for residential real estate over the next three years.  However, the report also revealed that demand for purchase far exceeds the number of sellers in the luxury market, making it a clear seller's market. 

According to Mickey Alam Khan, president of Luxury Portfolio International®, this is a trend that will likely continue through 2021. "The ultra-luxury buyer perspective is that the current climate is getting stronger. In many markets, we see home values going up, and there is more interest in prime property,” he said.

The report details:

•             Affluent consumer attitude and behavior trends for 2021

•             Traditional Real Estate Companies vs. Disruptors

•             5 pillars in the Luxury Buyer Mindset

•             Luxury Real Estate Market Update

•             Luxury Buyer trends in Asia Pacific, North America and Europe

 

View the full report at https://resources.luxuryportfolio.com/whitepaper/  

 

More: State of the Luxury Market: The Caribbean

Bahamas Realty Director, Andrea Brownrigg was recently featured in an exclusive podcast from Luxury Portfolio International for members around the globe with an update on what's happening in high-end island markets and how COVID-19 has affected the demand for luxury properties. Click here to learn more.

 

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State of the Luxury Market: The Caribbean

State of the Luxury Market: The Caribbean
LPI Connected Conversations

Bahamas Realty Director, Andrea Brownrigg was recently featured in an exclusive podcast from Luxury Portfolio International for members around the globe with an update on what's happening in high-end island markets. The conversation covered how COVID-19 has affected the demand for resort properties, the kind of properties and amenities that buyers are looking for right now, and how real estate business is being conducted in these second-home markets.

Key takeaways:

  • For luxury buyers, the pandemic has created an increase in demand for large, private estate properties with access to an outdoor lifestyle that's safe for the family.
  • The demographics of buyers hasn't changed, despite the challenges in travel.
  • Virtual tours and online life has changed how business is done, including how property transactions take place. Buyers are now purchasing property that they have "toured" without ever setting foot inside.

Andrea was joined by our LPI affiliate, Bernadette Hunt, of Turks & Caicos Property., and Anne Colvin, Director of Member Services for LPI.

Catch the whole conversation on Vimeo, Spotify or Apple Podcasts: LPI Connected Conversations.
 

                

 

MORE: Luxury Portfolio International recently released a first-of-its-kind report on the State of Luxury Real Estate globally. Read more here.

American UHNWI Prefer to Own Vacation Homes in Mexico, Bahamas, UK, France, and the Caribbean

Ultra high net worth (UHNW) clients in the U.S. tend to own multiple houses overseas, with North and South America the most popular locations for their foreign properties, according to a study of proprietary data by AIG Private Client Group, a division of the member companies of American International Group.

The study’s findings shown here helped the company develop a new multinational property coverage that serves U.S. UHNW clients with considerable overseas assets.

Luxury Portfolio 2015 White Paper: The Emerging Class of Global Affluent

2015: A Year of Growth As we enter 2015, we have the wind at our backs: the percentage of affluent and wealthy who are optimistic about their own future has continued to rise, reaching 38% in Q3 2014—roughly three times the percentage who say conditions are getting worse. Read more in this interesting article.

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