Friday, July 10, 2009 — NASSAU, BAHAMAS — When it comes to luxury living on the island of Great Exuma in the Bahamas, it doesn’t get much better than Oceania Heights, according to one local real estate professional.

This upscale gated community is ideal for a second home and makes for a great investment, said Rachel Pinder, principal broker of Island Living Real Estate and an expert in Cat Island, Bahamas real estate, as well as Exuma, Bahamas real estate.

“The developers of this beautiful piece of property bill it as a paradise for profit and pleasure,” Pinder said. “That is so true, because this community makes for an ideal vacation home, and since it’s a vacation destination for so many others, it creates a perfect investment opportunity, as well.”

Community features include tropical landscaping, cobblestone driveways and roadways and underground utilities, which makes for views unspoiled by utility lines and poles, she said.

To date, there are about 20 custom homes completed or under construction, all of which are in the old English architecture that the Bahamas is famous for, according to the community’s Web site, www.oceaniaheights.com.

The development features fully-serviced properties of up to one acre. The area’s elevation provides for beautiful views of the turquoise waters surrounding the area, Pinder said.

Oceania Heights owners have common-shared expenses, which enable them to take full advantage of all of the resort amenities within the gated community, including reception and concierge service, golf carts, professional tennis courts, Bahamian and international cuisine and personalized housekeeping and maid services, the Web site stated. The community also has a fitness facility and a pool pavilion that includes a heated outdoor spa and a freeform pool.

In addition to the features and amenities at Oceania Heights, homeowners and vacationers also can take advantage of other nearby destinations, Pinder said. Oceania Heights is less than five kilometers from historic Georgetown, the capital of the Exumas.

The Georgetown International Airport has up to five daily flights to Miami and daily flights to Nassau. Exuma is less than an hour from Miami and Nassau, Pinder said.

Investment Opportunities
For those seeking to invest in Oceania Heights real estate, there are several opportunities available, Pinder said. Homes can be purchased outright, or investors can take advantage of fractional ownership opportunities. Fractional ownership enables investors to purchase half, quarter or eighth shares in a property. Expenses are prorated between the owners and on-site management is in charge of upkeep and maintenance in the owners’ absence.

“This type of investment opportunity makes it particularly convenient for the owners for a couple of reasons,” Pinder said. “It makes it possible to own a piece of exclusive real estate without taking on all of the financial burden, and the development’s on-site management ensures the property is well cared for in the owners’ absence.”

Investors can place their custom home or villa in a rental pool during the times of the year when they aren’t using the home as a means of helping the investment pay for itself, she said.

Learn More
For additional information about purchasing an Oceania Heights home or villa, please visit Island Living’s Web site: www.islandlivingrealestate.com, or call them for a consultation: 1-242-322-7979/80.

About Island Living Real Estate
Island Living Real Estate has more than 25 years of experience in real estate sales and rentals throughout the Bahamas. Island Living’s main office is located in one of Nassau’s oldest historic buildings on Bay Street, named “Red Roofs.” Red Roofs was built in 1896 and has been home to various families, a Gourmet Deli and now Island Living.

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