Once known as Hogg Island, Paradise Island is 685 acres of pure bliss connected to Nassau by two 600-foot bridges. In the 1960's Huntington Hartford -- heir to the A&P supermarket fortune -- bought Hog Island which was used primarily for farming, and developed it into the 685 acre Paradise Island. More recent investors have included Merv Griffin and Sol Kerzner who developed Atlantis. The island was developed almost exclusively to delight and accommodate visitors, with resorts, hotels, restaurants, shops, a golf course, an aquarium, and a casino rounding out the amenities.
Paradise Island is world renowned for white sandy beaches, clear turquoise waters, a mild tropical climate and a luxurious lifestyle. It is home to some of the world's most sought-after real estate-properties owned by Bahamians and international investors alike.Rare island beauty and first-class amenities combine with rising property values, low taxes and a long history of political and economic stability. The mythical Atlantis Resort and Casino and the elegant One & Only Ocean Club greatly enhance the amenities and investment appeal of this tropical Shangri-la.
Paradise Is… For Sale or Rent!
Whether seeking a primary residence, second home, investment property or rental unit, Paradise Island is the idyllic location. Properties range in value from multi-million dollar waterfront luxury to investment apartments starting at $100,000.
Ocean Club Residences and Marina
While not part of the Atlantis Phase III, the Ocean Club Residences and Marina are a Kerzner International development which will continue the legacy of elegance and sophistication established at the One&Only Ocean Club. Located within the gated enclave of Ocean Club Estates will be 80 luxurious 3 bedroom condominium residences and 8 exclusive 4 bedroom penthouses ranging from 3,000 to 7,200 square feet.
Residents will enjoy a private beach club, fitness center, family and adults-only pools, on-site marina, garage parking and 24-hour security. Ownership includes a Resort Social Membership at the One&Only Ocean Club with access to dining and spa amenities, access to all facilities at the Atlantis Resort and the option to secure a golf membership. Groundbreaking is scheduled for spring 2005 with completion in Spring 2007.
Next door to Ocean Club Residences and Marina will be the luxurious Ocean Place on the Harbour. Groundbreaking for the 79 two and three bedroom condominiums with resort and marina amenities is in March 2005. This luxurious property will feature travertine floors, arches and columns, and open floor plans with harbour or golf course views.
Unique amenities include a concierge, room service, maid service, mail delivery, bill payment, fitness center, conference room, secretarial services, beach shuttle service, water taxi to downtown Nassau and Rose Island, airport transfers, boat rentals, tennis and much more. Use of the facilities at the Paradise Island Beach Club on world famous Cabbage Beach will include lounge chairs, beach umbrellas, beach attendants, pool bar, mini-mart, a private Ocean Place charge card and golf cart shuttle. Conveniently located on the property is the Columbus Tavern harbourside restaurant.
New Fire and Ambulance Station
Kerzner International’s commitment to improving Paradise Island extends to community projects. Contracts were awarded to Bahamian companies in December 2004 and completion of the new Fire and Ambulance station on Paradise Island is expected by the end of 2005.
The station will include emergency medical facilities and house over $1 million in equipment including a new ambulance and fire truck all purchased by Kerzner International. The response time will be reduced from 5 minutes to less than 2 minutes to any area on Paradise Island. This will be a major benefit for visitors, the 10,000 residents, and 6,000 Bahamians employed on Paradise Island. After construction is completed the facilities will be managed and operated by the government.
There is suddenly a wide variety of options available for a primary or second home on Paradise Island. Unprecedented luxury and amenities are included with the condominium developments planned along the harbour and the Ocean Club Estates lots. Not to be overlooked, many older properties are receiving facelifts as the pleasantly contagious “improvement bug” continues to spread. Spacious floor plans and recent upgrades make these units excellent value for money.
As the Atlantis Phase III expansion gets underway, we have already seen a tremendous upturn in the rental market on Paradise Island. This is generally the first indicator of an improving market, with rental rate increases and property value increases following suit.
Investment Opportunity Rental demand will continue to soar as the Atlantis expansion progresses; and with the rental inventory on Paradise Island limited, this is an opportune time for investors. At Paradise Sales and Rentals, we have long established ties with Kerzner International and the various contractors involved in the development of Paradise Island.
Paradise Is… a top 10 beach!
Cabbage Beach, Paradise Island has made top 10 beach lists over and over again— most recently on The Travel Channel. It meanders along the northern shore with 3 miles of soft white sand. The sea is a dazzling array of colours from pale aquamarine to deep emerald and cobalt blue.
Enjoy peaceful morning walks as the sun drifts lazily over the horizon. Later in the day water sports are available near the resorts, but you will still find a quiet retreat. There are two public access paths.
Several smaller beaches exist where the sand and water are just as gorgeous, and you are likely to find yourself more or less alone. Try Paradise Beach, Honeymoon Cove or Smugglers Beach.
For more information on services, amenities and activities on Paradise Island, visit our community listing.