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Eleuthera Real Estate...
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But Eleuthera still offers fantastic property at reasonable prices. Reasonable? Well, in 2005 prices started rising sharply. But compared to the above places and in comparison with real estate in the Caribbean in general, they are still reasonable.
To give you a general idea, here is a North-to-South view of the main areas of interest if you are a potential second-home owner. But...
... there is a way to own a home on this island without going through all the hassles as we did, as well as most home owner here...
In Central Eleuthera - near an international airport - the new condos at Button Wood Reserve are being built (2008/2009). Read a most interesting interview with the owner.
General Price Structure
Eleuthera real estate prices are highest on Harbour Island just off the East coast of Northern Eleuthera.Prices are lower from the North Eleuthera airport (ELH) down to James Cistern.
From Governor's Harbour airport to Windermere Island - in pink on the map's right side - prices range higher. This area is called Central Eleuthera.
Eleuthera real estate prices in the Tarpum Bay area are in the lower range.
An exception here is Winding Bay. On the above map it's located just to the right of Tarpum Bay. On Winding Bay an Italian version of a Club Med resort used to operate. Its name was Venta Club. That particular area is comparable in price to Central Eleuthera.
Further south - 5 miles past Rock Sound - there's another exception... Cotton Bay. Prices here range in the order of that for property in Central Eleuthera.
Apart from those two exceptions one can say that in the Southern part, approximately from Tarpum Bay down to the very South, prices are lowest.
The Two Sides of Eleuthera
The coastline on the right side of Eleuthera is the Atlantic side. It has the most breeze which is very pleasant in the Summer. This side also has the nicest pink sand beaches. The British colonialists preferred that side.The left side of Eleuthera is called the Caribbean side. But it looks out to the Atlantic actually the Exuma sound. The truth of the matter is that the actual Caribbean sea is further south of the Bahamas.
Whatever... locals call it *the Caribbean side*. Most but not all of it is rocky. You can observe awe-inspiring sunsets from there.
The Bahamas Handbook
A *must-have* source of information for anyone intending to buy or sell Eleuthera real estate, is the *The Bahamas Handbook*. 600+ pages and many photos. It is updated annually.Some of its articles are a bit overdone and sometimes outdated, but the blue pages sections with all the administrative details for buying and selling property are quite accurate. Click here to see the Bahamas Handbook.
Under *Property Tax* and *Property Transactions* in those blue pages, you will find all the details about taxes, legal fees and sales commissions.
This Will Interest You
Effective January 2004, the government of The Bahamas increased the property tax exemption to $250'000. Above that amount, it's only 1%.
Why & How A Canadian Couple Selected Eleuthera
Brad - a builder and sailor - and Amy have toured the Caribbean extensively before deciding to buy Eleuthera real estate. Read here why they found Eleuthera to be the best Caribbean island for them.Building Your Own Island Home?
Click here for an interview with a competent Eleuthera builder plus references from two US citizens for whom he built houses on Eleuthera.Important Tip
What is the most important tip if you consider buying Eleuthera real estate for wintering in Eleuthera?...Rent a home and start talking to home owners. Read here what Eleuthera home owners
Pierre and GiGi of the Rainbow area told me or... Rainbow home owner John's advice.
And one more important tip...
You probably have read my #1explorer tip. Click here to learn about the best Eleuthera map available.
Any Questions?
Please contact me by clicking here.
How To Find The Right Real Estate In The Caribbean...
And Avoid All The Pitfalls
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