Villa Lemuria, The Bahamas
Villa Ephelia, The Bahamas
Lemuria and Ephelia comprise of the exquisite, beachfront Grand Estate within the exclusive Fortune Cay, Grand Bahama, located a 30 minute plane journey from Palm Beach, Florida. Since acquisition of the then two individual properties in 2018 and 2019, subsequent major renovations have generated capital gains alone of 400%. Revenue is achieved through both short term ($6,900 daily) and long term ($23,000 monthly) lettings.
Jwycesska Island, Abaco, The Bahamas
Acquired in 2013, Jwycesska Island is a 351-acre freehold private island with unprecedented government approval for a 6,000 ft private airstrip, 30-acre marina, and commercial use for a resort with Hotel Encouragement Act benefits. Located in the exquisite Abaco region of The Bahamas and home to calm waters, warm breezes and panoramic beauty in notably one of the best boating, diving, fishing and sailing destinations in the world. Jwycesska is just 122 miles from Palm Beach, 26 miles from Grand Bahama and just 20 miles from Walkers Cay. The Island has exposure to the Atlantic Ocean to the East, as well as the shallow waters of the Grand Bahama Bank to the West, and features over ten white sandy beaches spread over 5 miles of coastline, elevations of 50 feet, a large freshwater lake, and abundant wildlife.
Following our positive interaction with the Bahamian Government, permission has been approved for:
- a 6,000 ft private airstrip and helipad (the longest private airstrip in The Bahamas and The Caribbean);
- a 30-acre hurricane proof and landlocked marina;
- commercial property use for a resort; and
- Hotel Encouragement Act benefits enabling duty free imports for the construction and renewal of all buildings, facilities, and furnishings, as well as zero Real Property Tax for the next ten years and with considerably reduced tax thereafter.
Other benefits under the Act also include VAT deferment, work permits for key personnel, and no direct taxation against the earnings of the resort for 20 years.