“Sandyport has proven to be a great investment. Both for those looking to live in an environment that offers the perfect balance of lifestyle and amenities and for those looking for excellent returns on investment properties.” Leo Huber
Sandyport is a planned canal front community located conveniently on the western perimeter of Cable Beach. The canal entrance on the north side of the island leads under a bridge to the many canals and waterways that showcase Sandyport’s houses. With a combination of colonial, Caribbean, and modern architecture, and the commercial centre that offers amenities like restaurants, banking, gym, school, and retail, Sandyport is one of the most popular family-friendly communities on the island. Built as a marina village, Sandyport has an incredible island coastline, and the majority of its 650 properties are canal front.
The master-planned Sandyport community is also the most popular rental community on Nassau, with consistent returns and a steady stream of tenants, usually on an annual lease. The 24 single-family homes currently listed range from $750,000- to $1.6million and offer a first-class lifestyle or excellent investment potential. There are also six Sandyport condos on the market priced from $289,000-$675,000, and 2 lots at $310,000 and $425,000.
Houses sold in the last three years range in size from 2000-5,500 square feet and traded between $585,000-$1.7million, or around $200-$530 per square foot. Condo sold from $289,000-$675,000 and lots from $225,000-377,000.
Owners who rent out properties can expect monthly rates from $4,000-$9,000.
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Engel & Völkers Bahamas Advisor Leo Huber says, “Sandyport has proven to be an excellent real estate investment, both for those looking to live in an environment that offers the perfect balance of lifestyle and amenities and for those looking for excellent returns on investment properties.
Sandyport has five subdivisions with a total of 500 homes. Another 150 homes, from one-bed apartments to large executive houses, are still planned.
Part of Sandyport’s appeal is its range of amenities, including a choice of swimming pools, tennis courts, parks and playgrounds, and 24-hour security. Tambearly International School is also based in Sandyport.
Its Olde Town centre is noted for its eye-catching Georgian/Colonial architecture in pastel colours. Olde Town is the place to come for shopping, dining, and to do business. There is a clinic, cathedral, post office, bank, grocery, and gym. Office and business space are available.
Due to its network of canals, waterway access to its houses, its marina, and coastline, Sandyport is a favourite of boaters.
For more details, see Engel & Völkers Bahamas’ Market Insight for Sandyport.
