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Coral Lakes

Listing Number: 
Property Type(s): 
For Sale
Agent Name: 
Property Frontage: 
inland front
Interior Features: 
Central Air Conditioning
Living Area: 
1,488 Sq Ft
Property Size: 
99,000 Sq Ft
Coral Harbour
Google Map: 
Coral Lakes

I'm interested

Detailed Description: 

We are offering for sale 2.3 acres of prime land with improvements in Coral Harbour, on the island of New Providence, Bahamas.  This subdivision consists of 10 large building lots (approx. 90’ x 110’) which can be further divided if so desired. Presently the property is the home of an equestrian center and includes stabling for 20 horses with tack rooms, feed rooms, and store rooms and outside patio/bar area. There is also a professionally built riding arena. There is a 2 bedroom house (1,488 sq ft) with all mod cons including central air, high speed cable/broadband access, etc… The property is fully fenced and landscaped which would require minimal alteration. The outbuildings and house are included to be used or not, depending on the plans of the prospective buyer. If used as an Equestrian Centre then the business potentially may be continued as a turn-key operation by incoming owners. The business currently enjoys a monopoly in the market as the only Tourism-based Equestrian Centre operating on the island. The business has been operated by a husband/wife and small team from the 1970's and has seen pre-recession revenues of up to $1,000 per day. With a $3.5 billion dollar high end resort development (Baha Mar) scheduled to be opened in Fall 2014, there is potential to enhance revenue. Current Owners are ready to retire and are motivated. Owners will even consider throwing in some horses free if the buyer is properly qualified to maintain them!  Coral Harbour is 10 minutes from Lyford Cay and Albany (Exclusive High End Communities), 7 minutes from the international airport and 20 minutes from Cable Beach and the new Baha Mar development. The beach is minutes away from the property – a portion of the beach is reserved for Coral Harbour residents. The Bahamas offers private offshore banking opportunities, potential tax benefits and eligibility for permanent residency. We are offering the entire property for sale (land, house and standing structures) for $1,500,000. (Appraisal Value Nov. 2013 was $1,700,000)