Many of my celebrity buyers seek anonymity, peace and quiet. Rum Cay and other outer Bahamas islands provide them just that
Miami Beach, FL (Vocus) September 14, 2010
The Bahamas, a prime luxury destination for decades, has seen increased activity from celebrities and sports stars, particularly professional football players. Many current and former NFL stars have celebrated their Super Bowl victories in The Bahamas. The Paradise Is Mine Company, a “global real estate Marketmaker”, has developed a new program to provide discounts to current and former members of the NFL and NBA Players Associations of $100,000 off its properties in The Bahamas. The close proximity to the United States, English as its official language and its currency being pegged to the US dollar make the island nation a very attractive home for athletes and celebrities from around the world.
As an additional benefit, Bahamian land owners are likely to see a solid return on their investment in Bahamian land, as these properties have a great potential for future appreciation. Globalpropertyguide.com, one of the largest global real estate websites, has listed The Bahamas as one of the top 20 places to purchase property. Recently, The Bahamas has seen a flurry of investment activity related to the development of new projects. Most notably, the Chinese government approved a $2.6 billion (USD) investment for a development on Cable Beach in Nassau.
Many athletes are purchasing second homes, winter homes and retirement homes in this picturesque island nation. The year-round tropical temperatures, its accessibility and significant tax advantages are also cited by many as the primary reasons for the sudden migration. Many athletes and their families are discovering what Michael Jordan, Carl Lewis, Barry Bonds, Clyde Drexler and Ernie Els have long since come to know.
Rum Cay, a lush tropical picturesque destination locale in the southern Bahamas, in particular, has been recently been pinpointed as the “locale de jour” for athletes and celebrities alike. Located 180 miles from the mainland United States, just off the southern coast of Ft. Lauderdale and Miami, the island has become a favorite for current and former athletes looking for peace and quiet. Rum Cay is widely considered one of the most beautiful Bahamian islands and is located on the continental shelf. It is known for its serenity, picturesque vistas, beautiful salt water ponds and spectacular fishing. Recently, there has been a tremendous surge of pro athletes and celebrities who have acquired real estate on this 40 square mile island. Rum Cay’s landing strip provides for commercial and private airlines to land and is just off the beaten path providing them the freedom to enjoy their hobbies in relative obscurity.
Paradise Is Mine is at the forefront of the gaining popularity of Bahamas real estate amongst celebrities and non-celebrities alike. Its promotion has been so successful that the company has considered the creation of a “Pro-style Athletes Village.” Prices for lots range between $450,000 and $1,000,000 US dollars which is significantly less expensive than US and other Caribbean alternatives. As ESPN recently reported, The Baltimore Ravens’ Ray Lewis has a street named after him on the island. If you’re looking for Ray in The Bahamas, he can be found relaxing at 52 Lewis Lane, on Rum Cay.
“Many athletes love fishing, scuba, boating and other water sports. Rum Cay has it all,” states Yul Frenkhal. “Many of my celebrity buyers seek anonymity, peace and quiet. Rum Cay and other outer Bahamas islands provide them just that,” Frankhal continued. Frenkhal is a private celebrity realtor based in London who has developed an international private clientele of celebrities and athletes from around the globe.
Frenkhal points out that “many athletes have been relatively unaffected by the economy and can take advantage of the low real estate prices while they are still available. I would imagine that it would be appealing for them to live with like minded people. Now that LeBron James is in Miami, it would not surprise me to see him live like a king with a place in The Bahamas too. It’s just so close and so beautiful. How fitting would that be? It just makes sense.”