NASSAU, BAHAMAS — With The Bahamas placing second in numbers only to Florida in the rush to relocate, a phenomenon that is driving eager sellers to seek the widest possible marketing database, a small resort on Eleuthera has succeeded in nabbing the world’s largest auction firm to handle the sale of its 3.5-acre seaside property.
The historic Rainbow Inn, renamed Sunset Cove and Rainbow Room, announced it has landed Concierge Auctions for the global marketing and online auction that will open for bidding January 21 and run until the 27th.
Concierge is working with the mother-son team of Tamina and Lex McKinney of the local firm Graham Real Estate with headquarters in Nassau, Bahamas.
This is the third Eleuthera property in the Concierge book in less than one year, but the first since Concierge, itself the largest luxury real estate auction marketplace in the world, became part of the world’s premier destination for fine art and luxury goods, Sotheby’s, and the largest full-service residential real estate services company in the United States, Realogy Holdings Corp.
Asking price is $3.68 million.
When the site goes live for viewing on December 17, interested parties will see the boutique resort with panoramic views, waterfront restaurant, pool, seven fully renovated suites, four classic cottages and two-bedroom houses, creating a total of 14 bedrooms and 12 bathrooms spread out in a park-like setting with mature trees and lush landscaping.
The restaurant, with its famed wood brick pizza oven, seats 85 with a popular terrace setting that comes alive with local bands on special nights large enough for another 52.
Built in 1970 with only three sets of owners over half a century, the inn and restaurant rank #1 on TripAdvisor for Eleuthera in the B&B category.
Its proximity to Governor’s Harbour Airport to the south and the quaint and charming hot spots of Harbour Island and Spanish Wells to the north make it a convenient location.
Tours and excursions in the area include swimming with the pigs, a search for treasure in pirates’ cove at Hatchet Bay and nearby beaches.
Concierge said the Eleuthera property auction would enjoy exposure to Concierge’s comprehensive database, reported to be the largest of high-net-worth property connoisseurs on the planet, and its reach to major publications.
Its listings have been featured in The Wall Street Journal, New York Times, Fortune, CNBC and most international property publications.
Graham Real Estate is also going to feature it prominently on its website and on signage.
