The Tribune

BAHA Mar has launched its international campaign to advance the sale of the development’s luxury residences unveiling what it described as its “Limited Collection of Exclusive Private Residences in The Bahamian Riviera.”

Residences are priced from $1.5 million and may be rented to offset costs and to take advantage of incentives offered by The Bahamas Government while maintaining up to 90-days of personal usage per year. Alternatively, owners may elect to keep the residence for their exclusive use.

“Owners electing to rent their residence may be eligible for significant tax

benefits. Real estate ownership in The Bahamas is deeded freehold at Baha Mar and offers significant flexibility. Eligible Residence Club members renting their units will enjoy a number of tax advantages related to ownership such as rental income free from Bahamian taxes and tax-free Bahamian capital gains on property resales. Additionally, all stamp tax, duties and levies as well as annual real estate taxes are waived while in the rental programme. Owners at Baha Mar will also have the opportunity to apply for Permanent Residence status in The Bahamas, a sovereign nation, allowing access to private banking services in The Bahamas. Prospective purchasers should consult with their tax advisors to determine how these privileges may apply,” a press release from the resort said.

The multi-billion dollar property hoped to attract wealthy buyers to its “elite collection” of 307 private residences. Baha Mar will encompass four luxury hotels – Rosewood Hotels & Resorts, Mondrian, Grand Hyatt and the centrepiece of the resort, The Baha Mar Casino & Hotel.

Trying to entice affluent buyers looking for an “authentic Bahamian experience”, Baha Mar is offering the ultra-luxurious Rosewood Residences at Baha Mar. Buyers will have a choice of one, two and three-bedroom homes and four-bedroom beach villas. Rosewood residence owners and guests will have exclusive access to private lounge and pool areas and the intimate Sense spa.

Mondrian at Baha Mar will offer 107 distinctive designer one, two and three-bedroom residences that resort developers say perfectly capture the “quintessential lifestyle of The Bahamas with a pervasive sense of magic, glamour and excitement.” Home owners will have private terraces, a private pool and lounge area at the Mondrian at Baha Mar and access to the ESPA destination spa.

Grand Hyatt at Baha Mar includes a state-of-the-art convention centre featuring a performing arts centre and an art gallery. This property also offers 85 one, two and three-bedroom residences, all with private terraces and appointed in the signature Grand Hyatt style with ocean and waterway views.

Residence Club members will also have access to concierge services, including a personal concierge to book tee times, make dinner reservations, arrange spa bookings and help plan local excursions prior to arrival.