2. Long Island...
The Bahamas
The Bahamas is a tropical paradise made
up of over 700 islands spread over 10,000
square miles of ocean. As an ecological
oasis with 2,000 stunning cays, they have the
Home to one of the oldest dive operations in The
Bahamas, Long Island has numerous dive sites,
the best known is Dean’s Blue Hole, the deepest
recorded blue hole in the Bahamas (more than
600 feet). The western side of the island is
home to long white sandy beaches, and with
the Atlantic Ocean on the east, Long Island is a
haven for fishing, sailing and yachting.
perched high on the hill at the island’s northern
most tip. Visitors can experience some quite
incredible views of the ocean from here.
You’ll find sloping hills in the northeast, while
low hillsides make up the southern portion of
the island.
It’s the dramatically contrasting landscape that
makes so many people say that Long Island
clearest water on the planet with visibility As a towering spine of ancient reef, 80-mile Long
is one of the most picturesque islands in The
extending to over 200 feet. The islands also Island has two faces: the stunning cliffs and
have the world’s third largest barrier reef. Bahamas. Long Island is also a quiet island
caves of the east coast that front the crashing
dotted with quaint, friendly villages and miles of
The Commonwealth of the Bahamas is one of the Atlantic waves, and the soft, sandy beaches lined
uninterrupted beaches.
most politically stable countries in the world. The with Mangrove to the west. Cape Santa Maria
constitution is based on the Westminster model: Her beach, close to Stella Maris, has been recognized Without doubt, Long Island is truly one of the
Majesty Queen Elizabeth II, The Executive Branch, The by beach lovers and travel writers alike as one most beautiful, breathtaking tropical destinations
Legislative Branch, and Judicial Branch. of the most beautiful beaches in the world. The in the world, and a perfect place to invest in pure
The Bahamas is a member of the Commonwealth of island is also home to Columbus Point with its luxury and relaxation.
Nations and recognizes Her Majesty Queen Elizabeth towering memorial to Christopher Columbus
II as the Head of State. Her Majesty’s representative
in The Bahamas is the Governor-General.
A small number of islands such as New Providence,
Great Exuma and Grand Bahama are established both
as offshore banking centres and ultra luxury tourist
destinations.
Property prices on these islands are some of the most
expensive in the world. Bahamians enjoy the highest
standard of living of any Caribbean country with GDP
in excess of $45,000 US per capita.
There is no income tax, no capital gains tax and no
inheritance tax.
LAND
3. Further phases of development
First eight available plots
Robert Trent Jones II Commercial, retail
designed golf resort & condos
The Ridge - phase one
Port St George is certainly one of the most prestigious developments coming to the
Caribbean, and with its ‘Robert Trent Jones II’ championship golf course and 640 berth
Yacht Club
marina, The Ridge residences, forming the first phase within Stella Maris, situated
in an elevated position overlooking Port St George, will become the most desirable
property in the Stella Maris region of Long Island. Long Island has been highlighted
as the next phase of major luxury real estate development in the media, with major
developments planned.
The focus is to produce an up scale enclave within The Bahamas islands, ideal for the Langham
Place Hotel
golf and sailing communities, to enjoy what most consider as the most beautiful island & Spa
ISLAND in The Bahamas.
With the 640 berth marina and ‘world class’ golf course to become part of the superb Port St George Development, buyers can now
purchase on the very best land situated on The Ridge overlooking Port St. George. These plots have been held back by the developers
for the first phase of the Colleccion project, enabling buyers to secure elevated homes with cool trade winds, views of the golf course
and marina. A simply breathtaking location!
4. Plot No. Square feet $Price until 30th June
The Ridge 128 15,690 $490,000
128 The Ridge 130 15,990 $516,250
The Ridge 132 17,640 $560,000
130 The Ridge 133 17,364 $560,000
The Ridge 134 17,390 $560,000
132
133 The Ridge 136 17,850 $656,250
134 The Ridge 137 17,950 $656,250
136 The Ridge 138 17,860 $656,250
137 Prices are based on current estimated valuations. The first two plots
138 sold come with 2 ‘Rights to Buy’ on Port St. George. The remaining six
come with 1 ‘Right to Buy’.
LAND PURCHASE BUILD CONTRACT
As the first stage in the process of creating your Once your plot has been purchased, the process
luxury home on Long Island purchasers are to design and build your luxury Long Island home
required to complete the purchase of the land. starts here.
The process: For all buyers we will have five luxury property
Purchasing process:
types and three interior design packages available,
10% deposit to reserve the land or alternatively you may prefer to subscribe to our
(14 day cooling off period) bespoke service, giving you the opportunity to
On 28 days the contract is drawn up ready for work with our designers throughout every stage in
completion, whereby the remaining 90% of creating your dream home.
purchase price is required. We will then specify your requirements in detail,
and present a price for all works.
The purchaser would also receive 2 “ Right to Following an agreed specification, we will then
Buy” agreements, entitling the holder to purchase produce a build contract for you to sign, with an
LAND 2 freehold serviced plots within the proposed
new, exciting, luxury 5 star, “ Port St George”
development, at $320,000 each. Similar plots
agreed staged payment which is payable after the
following stages of construction.
in 5 star developments on neighbouring Islands 40% FOUNDATIONS AND SERVICES COMPLETION
sell for upwards of $1million. This represents a
substantial discount. Also, these agreements are 50% AT ROOF LEVEL
fully assignable!
10% ON COMPLETION
(Each stage payment is due following the
completion of the named stage)
5. Architectural paradise...
‘Colleccion’ allows you to work
with our architects to design
your luxurious Long Island
home.
As part of the ‘colleccion’ package we have
five beautifully designed homes, able to
be adapted for all plots available within
Stella Maris.
With the blank canvas we have
available on Long Island we can
also design and build a totally
bespoke home as part of our
bespoke architectural and
design service.
LAND
7. MJM Fit out is a division of the MJM Group, a privately
owned international award winning interior design
Bespoke Interior Design...
company.
The company is a specilist fit out and refurbishment
contractor operating in a diverse range of sectors
including Leisure/Entertainment, Hotel, Residential,
Our designers will create Retail and Education. A personal designer is designated to the ‘colleccion’
project for all buyers, with a full project management team to carry out the
the interior design to your works. MJM have a very strong portfolio of clients including:
specification. The Berkeley Hotel K-Club
As part of our portfolio we have three interior packages, The Clarion Hotel Oulton Club
from a minimalistic contemporary style to classical colonial The Dorchester Royal Bath Hotel
chique.
We also provide a full bespoke interior design service, allowing
you to work with our interior design partners in creating your own
design for your beautiful Bahamian home.
LAND
8. Q&A’s
What effect has the global financial How easy is to buy property in the
situation had on the Bahamas and Bahamas?
Long Island? The Bahamas welcome foreign ownership of second
The Bahamas never had a housing bubble so there homes and make the purchase as stress free as
was nothing to burst. Property here is often self possible with virtually no red tape.
funded and those who use local banks for funding
will find them basically risk averse; willing to lend but How easy is it to fly to Long Island?
prudent. Land prices have increased greatly over the
Nassau, on New Providence Island, is served by
past three years on Long Island.
hundreds of direct or connecting flights from all
corners of the globe, including daily connections from
What is the political situation and how all major cities on the US east coast. Also, Stella
stable is the Bahamas? Maris airport (near to The Ridge) has recently started
taking flights from Fort Lauderdale in Florida, further
More than 300 years ago, English Adventurers in enhancing access to Long Island.
search of religious freedom founded the western
world’s first true seat of democracy and named it
Eleuthera, the Greek word for freedom. The Bahamas How does the Bahamian dollar
has elections every five years and a highly democratic compare with the US dollar?
and literate population.
The currency has been on a par with the dollar since
1973.
Can I apply for residency following my
purchase? Is the Bahamas a tax haven?
Most property purchasers qualify for Economic YES, there is no income tax, no capital gains tax and
Permanent Residence status. Depending on your no inheritance tax in the Bahamas.
country of origin this benefit could offer further tax
advantages.
Video links...
Cape Santa Maria Beach, close to Stella Maris.
LAND CLICK HERE.
Stella Maris, Long Island.
CLICK HERE.
The real Bahamas.
CLICK HERE
9. The information presented in this brochure is correct at the time of going to press (02/05/10). The Collection project is a fully bespoke project, but the developer will
provide a number of standard luxury real estate property types for buyers choice. If a buyer wishes to take advantage of a fully bespoke architectural service, the
developer reserves the right to submit an estimate based on a clients specification. Any specifications listed are purely a guide for purchasers.