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$ 16,000,000

Est. payment -/mo

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OCEAN TERRACES New Providence/Paradise Island

31 Beds

31 Baths

30,000 SqFt

UPDATED:

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 30,000 sqft

Price per Sqft $533

MLS Listing ID 66379

Style Apartment

Bedrooms 31

Half Baths 13

Year Built 2008

Lot Size 5.290 Acres

Property Description

Set on a 5.29-acre elevated property overlooking the beach and ocean along West Bay Street, The Ocean Terraces present a one-of-a-kind opportunity to acquire a turnkey, 16-unit condominium building. The property is fully furnished with move-in-ready residences and includes ample land for at least two additional similar buildings on the hilltop above the existing structure. The current building is configured as follows: there are four penthouses—two with two bedrooms and two with three bedrooms. All penthouses feature soaring 14-foot ceilings and top-of-the-line appliances, including wine coolers. The three-bedroom units offer spacious master bathrooms with standalone bathtubs and bidets. In addition, there are ten two-bedroom, two-bathroom units, each equipped with Viking appliances and wine coolers, as well as two one-bedroom units with a den. Every residence boasts large ocean-facing terraces and in-unit laundry facilities. All ocean facing french doors have fully automated roll down shutters. The Ocean Terraces offer excellent potential for multiple income streams.

Location

Community West Bay Street

Area West Bay Street

Building/Complex Name New Providence/Paradise Island

Interior

Interior Features Swimming Pool, Impact Windows, Roll Down Shutters, 24 Hour Security, Furnished, Partial Furnished, Short Term Allowed

Cooling Central

Laundry In Unit

Exterior

Exterior Feature Patio, Pool

Parking Features Open

Roof Type Bermuda

Building

Lot Description Family Oriented, Highway Access, Hillside, View - Ocean, Shopping Nearby, Recreation Nearby, Quiet Area, Landscaped, Acreage, Road - Paved, Pets Allowed, Can Be Rented, Gated Community

Foundation Yes

Sewer Septic - Yes

Water City

Structure Type Concrete Block

Courtesy of: The Bahamas MLS

NEARBY SCHOOLS & PROPERTIES

Cynthia Bocus

Advisor | License ID: 1062

+12424454115

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