NASSAU, BAHAMAS — After just a few months of being on the market, the 20,800 sq ft ultra-exclusive La Ceiba property at Ocean Club, Paradise Island was sold for an undisclosed amount, last asking price offered of $37.5 million – the sale was a record-breaking one for Paradise Island.
Broker Realtor John Christie offered the sale exclusively with agent Dylan Christie, who touted the deal as historic.
“This was a record-breaking sale as the highest price achieved on Paradise Island and one of the top single-family home purchases in the country,” according to John Christie.
“La Ceiba is a very special property, set on two lots on Cabbage Beach in the Ocean Club Estates. There is simply no other house like it.”
The 2.33-acre property is described as “a private oasis of Asian-infused luxury,” complete with waterfalls, pools and 300 ft of beachfront.
La Ceiba has ten bedrooms, nine full bathrooms. It is also an entertainment hub with cinemas, game rooms, manicured croquet/bocce ball green, infinity edge pool, lap pool and beach.
The 2,400 sq. ft. main house, with seaside verandahs, features recreation spaces, outdoor lounging areas, two kitchens, a gym, wine cellar, 4-car garage, and mechanical rooms.
Two tennis courts and a children’s playground are adjacent to the property, while the Tom Weiskopf championship golf course and protected private marina are only a golf cart ride away.
With the sale of La Ceiba becoming a record-breaking real estate deal for Paradise Island, John Christie called it a true example of The Bahamas’ robust real estate market.
“Our Real Estate market remains strong, especially with international cash buyers,” he said.
“We are finding that as high net worth buyers scan the globe for a place to settle, The Bahamas is a shining star, with its tax neutral status, great location, only minutes from South Florida and a number of direct flights from London. The Bahamas is the place to be; not to mention we are 50-year-old successful, thriving real democracy.”