• Owners have complete flexibility to decide how many days (or weeks, or months) to reserve their condo for personal use and when to make it available for use in the Rental Program.  You can come to visit (or send family and friends) whenever you wish, as often as you wish, for as long as you wish.

• Owners participating in the Rental Program are exempt from property tax under the Bahamas Hotel Encouragement Act (a savings of about $3,000 per year).

 

In short, the program removes one of the major hassles associated with owning a vacation rental property, provides for professional management of all key functions, ensures a positive experience for rental guests that builds the positive reputation of Buttonwood Reserve in the marketplace, and maximizes financial returns to owners.

 

 

2. In the long term, Buttonwood Reserve offers attractive appreciation potential

 

The potential for long term appreciation in Eleuthera is based on a multitude of factors:

 

First, outsiders are rapidly discovering Eleuthera as a “hidden gem” in the Caribbean

 

• The island has all the necessary infrastructure for an enjoyable vacation spot including good roads, cell phone coverage, high-speed internet, some excellent restaurants, nightspots, and little resorts, all the necessary stores and services, and plenty of flights every day
• Proximity to the U.S. (just 200 miles from Miami) makes Eleuthera attractive to Americans trying to get away from crowded and overpriced beaches
• Beginning about 10 years ago the travel industry began to notice Eleuthera again. Travel and Leisure, for example, noted that Eleuthera, “once renowned for its picture-perfect white and pink sands somehow dropped off the traveler's map,” and described some of the early steps in the island’s rebound, which had already begun. Around the same time, The New York times called Eleuthera “an untold hidden gem.” Major hotel companies also began to plan development projects.
• Since that time, Eleuthera’s reputation and visibility has continued to grow.  One tangible indicator of the most recent trends:  inquiries and rental bookings through Eleuthera Vacation Rentals continue to grow rapidly.

 

Second, prospects for continued development on the island are strong – but not so intense as to destroy the charm that makes it such an appealing destination.  In recent years, a half dozen significant resort and hotel development projects have been completed, begun, or announced, including some major luxury brands names such as the Four Seasons, Echantment Group,  and Marriott.

 

Third, the performance of the nearby real estate market in Miami could point to some nice cyclical gains in the next few years.  Bahamas real estate market typically lags Miami by a year or two, and the Miami market is very strong.

 

Fourth, the Bahamas government is stable, the legal system is sound, and property rights are protected.

 

Fifth, Bahamian currency is pegged to the US dollar, eliminating currency risk.

 

Finally, current prices are attractive relative to comparable properties elsewhere in the Caribbean and the US.

 

 

3. The condos at Buttonwood Reserve are still very affordable

 

Purchase price

 

• Top Floor Units:  $595,000
• First Floor Units:  $475,000

 

Notes:

- Prices include mini-garage (for golf cart) and all appliances

- Luxury furnishing packages shown in unit photos also available for purchase; pricing on request.  Or units can be custom-furnished, if desired

 

 

Financing available:  Up to 75% seller financing available to qualified buyers

 

 

*Additional details available for review, along with Purchase Contract and Condominium Association documents. Costs include marketing, housekeeping, guest services, maintenance, utilities, property management, insurance, replacement reserves, and HOA Fees. Does not include depreciation allowance (e.g., for tax benefits)