351-Acre Private Island

This is a 351-acre freehold private island in the Abaco region of The Bahamas, with government approval in place for a 6,000 ft private airstrip, a 30-acre marina and commercial use as a resort with Hotel Encouragement Act benefits. It is offered as a development opportunity, with the key approvals already secured and the island's natural beauty intact.

The land is exposed to the Atlantic Ocean on the east, with its cobalt blue waters, and to the calm, shallow turquoise waters of Grand Bahama Bank on the west. Over ten white sandy beaches are spread along 5 miles of coastline, and the island rises to elevations of 50 feet. Inland there is a large freshwater lake, and the island supports abundant wildlife.

There is no old or outdated infrastructure to work around. The buyer is free to bring their own vision, whether an easily accessible private retreat or a resort with multiple hotels, residential units, and beach and yacht clubs, creating a destination in its own right.

The Abaco region is a 120-mile-long chain of islands with calm waters, warm breezes and panoramic beauty, renowned for boating, diving, fishing and sailing. The island is 122 miles from Palm Beach, 26 miles from Grand Bahama and 20 miles from Walkers Cay.

The island is held freehold. Following the current owners' positive interaction with the Bahamian Government, permission has been approved for a 6,000 ft private airstrip and helipad, a 30-acre hurricane proof and landlocked marina, and commercial property use for a resort. With these approvals in place, the buyer can plan for access by air and sea from the outset.

Hotel Encouragement Act benefits include duty free imports for the construction and renewal of all buildings, facilities and even furnishings, and zero Real Property Tax for ten years, with considerably reduced tax thereafter. Other benefits under the Act include VAT deferment, work permits for key personnel and no direct taxation against the earnings of the resort for 20 years.