Increased Airlift, Lenny Kravitz and Hurricane Dorian Contribute to Record Number of Visitors as Eleuthera’s Winter Season Swings Into High Gear
Posted by Nicholas Delandy — December 19, 2019
ELEUTHERA, THE BAHAMAS – If pre-season numbers are any indication, mainland Eleuthera is poised to set new visitor—and second homebuyer—records this winter season.
“There hasn’t been a lull yet,” said Angelika Bacchus, an estate agent with Damianos Sotheby’s International Realty on Eleuthera. “It’s all homeowners and locals are talking about—there’s a higher volume of people and rentals are through the roof.”
This increase in rental occupancy is due, in part, to first-time visitors and second homebuyers looking to get a feel for the island before settling on purchasing a home. With the addition of direct flights on Delta, American Airlines and U.S. Airways from Charlotte, NC, Atlanta and Miami, access to Eleuthera is increasingly more convenient.
“People are realizing they can hop on a flight and come down for a long weekend,” Bacchus said. “Some people have never been to The Bahamas before, while others have only been further north, like Abaco, so, there is some educating that we’re doing about the market. Condominiums like Anchor Point and Pineapple Fields are popular first-time purchases because they’re a smaller investment and give people the opportunity to ease into the market.”
Neighborhoods like Rainbow Bay and Current are also attracting second homebuyers in search of vacation homes starting around $250,000.
“There aren’t a lot of beachfront properties in Eleuthera in that price range but what we’re finding is that people aren’t being deterred by this,” Bacchus said. “People are happy to purchase homes located further inland at a more economical price point because beaches on Eleuthera are so plentiful you don’t necessarily have to live directly on the beach to enjoy that private beach feeling.”
And with the aftermath of Hurricane Dorian fresh in people’s minds, this latest wave of homebuyers and investors is focused on homes that are well built and above sea level.
“Eleuthera is such a diverse island with so many hills, cliffs and elevations. People are finding that very appealing,” Bacchus said. “It’s going to be a very healthy season.”
About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 1,000 offices in 72 countries and territories worldwide. Each office is independently owned and operated.
About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 10 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or info @SIRbahamas.com.