GRAND BAHAMA ISLAND, Bahamas–(BUSINESS WIRE)–Oct. 14, 2004–Real estate buyers looking for coastal living are beginning to explore opportunities outside the United States. In tune to that; developments such as Bahamas-based Shoreline Properties are targeting Americans who have watched property values double over the past five years in select coastal areas such as South Florida. What’s the attraction? Besides the gorgeous destination; buying a first, second or third home in the tropics can mean no property taxes, inheritance tax or capital gains and better value.
Located just 50 miles off the coast of Florida, Shoreline Properties has experienced an extremely successful year in sales as the 38 homes in phase one of the single-family home development has sold out; triggering the release of 38 additional homes in its phase two. With homes ranging from the $600’s to more than $2 million, Shoreline is a gated and private master-planned community offering a variety of single-family homes rich in amenities and only steps from the white sandy beaches and turquoise waters of Grand Bahama.
“It has been an exciting sales year for us,” Director of Sales Keith Jervis said. “Considering the skyrocketing prices of coastal real estate, buyers looking for a second or third home are recognizing the value of buying in the Bahamas where it is still possible to find a home just steps away from the beach at a fraction of the cost of popular areas in the United States.”
Using the best in quality construction materials and engineering, Shoreline builds each home using hurricane-approved materials to withstand the tropical climate of the Bahamas.
“The recent storms, Hurricane Frances and Jeanne, put our commitment to quality construction to the test and we are proud to say that we surpassed our expectations receiving no structural damage and only minor landscape damage,” noted Jervis.
About Investing in the Bahamas
The Bahamas is a country exempt from all taxes on revenue, capital gains and inheritance. For more information on Shoreline and investing in the Bahamas, call 1-888-259-6004 or visit http://www.ShorelineBahamas.us
