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$ 4,950,000

Est. payment -/mo

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NORTH COAST APARTMENTS New Providence/Paradise Island

12 Beds

12 Baths

6,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $761

MLS Listing ID 62819

Style Apartment

Bedrooms 12

Year Built 1970

Lot Size 0.344 Acres

Property Description

Introducing North Coast Apartments — a rare opportunity to own a fully stabilized, cash-flowing beachfront investment in the heart of Cable Beach, Nassau. Comprising six turnkey two-bedroom units, each professionally furnished and performing on Airbnb, this oceanfront property combines short-term rental performance with long-term capital appreciation. With a 7.4% cap rate, $385,000+ in annual NOI, and direct beach access, North Coast Apartments stands as one of the few multi-unit oceanfront assets trading in The Bahamas today. Nassau's rental market continues to see record occupancy and nightly rates, driven by sustained tourism growth, new luxury developments, and investor appetite for branded, lifestyle assets. This is more than a property — it's a proven income stream on one of the Caribbean's most valuable coastlines.

Location

Community Cable Beach

Area Cable Beach

Building/Complex Name New Providence/Paradise Island

Interior

Interior Features Garden Area, Swimming Pool, Fully Fenced, Bed & Breakfast, Fully Walled, Impact Windows, Impact Shutters, Cable, Furnished, Hurricane Windows

Cooling Split

Exterior

Exterior Feature Patio, Porch, Pool

Parking Features Open

Amenities Available Pool Outdoor, Secured Entry, Storage Unit, Beach

Roof Type Asphalt Shingle

Building

Lot Description Easy Access, Family Oriented, View - Ocean, Sidewalk, Recreation Nearby, Waterfront - Ocean, Road - Paved, Pets Allowed, Can Be Rented, Beach Front

Foundation Yes

Sewer Septic - Yes

Water City

Structure Type Concrete Block

Others

Restrictions None

Courtesy of: The Bahamas MLS

NEARBY SCHOOLS & PROPERTIES

Cynthia Bocus

Advisor | License ID: 1062

+12424454115

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