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Market Insight: Cable Beach

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Cable Beach has been hailed as the best beach in New Providence, in the Bahamas, so it is no wonder that the area draws many local and international property buyers.

The stunning 2.5-mile Cable Beach features soft, sand and calm turquoise sea, and is a haven for sunbather, boaters and watersport enthusiasts.

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The opening of the 1,000-acre Baha Mar resort three years ago, which features three luxury hotels, restaurants, grocery stores, and services, contributes to the appeal of Cable Beach.

The Baha Mar Resort has even been described as “the ultimate playground for fun in the sun” as it includes a golf course, exciting nightlife, and the largest casino in the Bahamas.

Cable Beach, on the northern coast, is around three miles west of Nassau centre and 10-minutes from the international airport. Engel & Völkers Bahamas offers a choice of luxury townhouse/condo developments in Cable Beach, as well as prime single-family houses with magnificent ocean views.

Engel & Völkers Bahamas Advisor, Claire Thackray, says Cable Beach is an inclusive neighborhood that offers luxury residential property and rental investment opportunities.

“Cable Beach is popular with both locals and international residents, largely because of convenient location and access to an extensive range of amenities at Baha Mar.

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“Because there are many residents who have moved there from other places it tends to be a very inclusive scene which can help new expats easily develop a network of friends.

“Most buyers are looking for two-bedroom properties in a secure community with beach access and simple, new furniture.”

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It is also important to find a well-maintained community with a strong Home Owners Association, says Claire.

“I can help advise Cable Beach property buyers of the rules of different apartment communities to ensure that it’s suitable for their circumstances and investment goals. For example, if they have children or pets, or plan to lease out the property when they aren’t using it to cover some of their expenses.”

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