New RE/MAX franchise in The Bahamas

- Denver, CO – RE/MAX International Inc. celebrated the official signing of the Commonwealth of the Bahamas - the 73rd country to join the RE/MAX global network - with a flag-raising ceremony at its Denver headquarters.

Two new Broker/Owners are making a splash in the Bahamas with the opening of separate offices in Nassau, Bahamas.

Craig Pinder, Broker/Owner of RE/MAX Paradise Realty, and William Wong, Broker/Owner of RE/MAX Ocean Realty, are the network’s newest additions.

Formally named Paradise Real Estate - one of the top Bahamas real estate companies - now RE/MAX Paradise Realty - have aligned themselves with the real estate powerhouse RE/MAX to serve you better.

“RE/MAX is recognized around the world and there is certainly a place for this powerful network in the Bahamas,” said William Soteroff, senior vice president of International Development at RE/MAX International. “The Bahamas has an established real estate market and agents and consumers alike will benefit from the international resources and tools that RE/MAX has to offer.”

RE/MAX Paradise Realty now offers the worldwide brand name of RE/MAX along with their expertise.

Bahamas MLS Update

Back in May I first wrote about launch of the Bahamas MLS where at the time 81 out of some 600 licensed Bahamas real estate agents had signed up to use the brand new system.

It was projected by the Administrator of The Bahamas MLS, Heather Joy Albury, "that in 6 months time we would have doubled the agents and listings if not tripled [them]."

Since then the number of participating licensed estate agents have increased from 81 to 129, which is 33 members shy of the projected double figure. The amount of participating offices have almost doubled since May from 23 to 42. However the number of active exclusive listings have increased more than five times from 115 to 615 listings.

I questioned Heather Joy about if The Abaco MLS had joined The Bahamas MLS and she responded by saying that "The Abaco MLS closed in September" and that "most of the Abaco agents joined [The Bahamas MLS] in July."

The direction is looking positive for The Bahamas MLS and I'm sure that this trend will continue to grow.

Fourtune Hills Open House

On Saturday (27th September) Paradise Real Estate had an Open House for it's exclusive development listing at Fortune Hills which is currently in Phase 1 of construction.

Fortune Hills, an environment where each resident can relax and unwind, is a new development comprised of 32 luxury two bedroom townhouses and three bedroom condominiums.

It is centrally located in a fully enclosed gated community which boasts panoramic views of New Providence. Comfortable, spacious residences also offer an in-ground swimming pool, club house and playground.

The affordably priced Fortune Hills is built with Bahamian style aesthetics and spacious floor plans.

Click the image below to read what was written on the front of the Business section of the Nassau Tribune.

Tribune Business, September 30th

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More Home Models of Serenity

Have a look at more of the models for the new development of Serenity. In total there are seven different models one of which is one storey (Saffron).

Tamarind

Coriander

Marjoram

Caraway

See the below post for the other three models of Serenity or click here.

New Private Subdivison of Serenity

Single-family and Multi-family lots are available in Serenity, a brand new development located in the western area of New Providence Island in The Bahamas. The single-family (residential) lots start at $80,000 and the Multi-family (duplex) lots start at $100,000.

Serenity is a private residential development, providing the perfect opportunity for an affordable real estate investment in The Bahamas.

Serenity is a tribute to the tranquility that is installed in us by the best of traditional Bahamian Architecture. There are seven different models to choose from; Jasmine, Coriander, Tamarind, Marjoram, Caraway, Saffron and Sage. Each model home has been designed specifically to capture the essence of island living.

Being at home in Serenity will enhance your lifestyle. Feature amenities will include a Community Club House, separate adult and children's swimming pools, parks and tennis courts - all in one of the most competitively priced real estate developments available in New Providence today.

I had the pleasure of going to this new subdivision last week and I must say that I can see all the potential that this community has to offer.

Serenity's Home Models

Saffron

Jasmine

Sage

Bahamas Real Estate Changing Hands

Last month Jennifer Knowles Higgs, an exuberant Bahamian Realtor, sold her exclusive waterfront listing, a Penthouse at Ocean Club Residences in Ocean Club Estates on Paradise Island for $7 million net.

Originally listed for the overpriced figure of $11 million gross, this unfurnished luxurious pad with breathtaking Harbour views was sold $3 million under the the asking price.

The former owner purchaed the Penthouse all in for $5.5 million and ended up selling it for $7 million net, making him $2.5 million [roughly] profit from the sale to a Swiss investor in August 2008.