189 Exuma Way: Unveiling a Prime Property (2024)

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Posted at August 11th, 2024 | Categorised in Real Estate

189 Exuma Way beckons with its idyllic location and captivating charm. Situated in a desirable neighborhood, this property offers a unique blend of comfort and potential. Whether you’re seeking a tranquil retreat or a promising investment opportunity, 189 Exuma Way presents an enticing proposition.

The property itself boasts a spacious layout, featuring [number] bedrooms and [number] bathrooms. Its architectural style exudes [describe style] elegance, while its current condition presents [describe condition] possibilities. With [mention unique features], 189 Exuma Way is a true gem waiting to be discovered.

Location and Property Details

Exuma Way is a captivating property nestled in the heart of a vibrant community, offering a unique blend of tranquility and convenience. Its strategic location provides easy access to a range of amenities, making it an ideal choice for those seeking a comfortable and fulfilling lifestyle.

Property Location and Surroundings

Exuma Way is situated in a desirable neighborhood known for its peaceful ambiance and well-maintained homes. The property is conveniently located near major thoroughfares, providing easy access to surrounding areas. Within a short drive, residents can reach a variety of shopping centers, restaurants, and entertainment venues.

The neighborhood is also home to several parks and recreational facilities, offering opportunities for outdoor activities and relaxation.

Property Details

The property at 189 Exuma Way is a charming single-family home that exudes warmth and character. It boasts a spacious layout, encompassing [Number] bedrooms and [Number] bathrooms, providing ample living space for a growing family. The architectural style is [Style], featuring [Specific architectural details].

The home’s exterior is [Exterior description], complementing the surrounding neighborhood. The property is [Current state of the property] and is ready for [Potential uses or renovations].

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Property History

[If available, provide information about the property’s history, including its construction date, previous owners, or any significant events associated with the property.]

Market Analysis

The real estate market in the area surrounding 189 Exuma Way, Exuma, Bahamas, is experiencing a steady growth trajectory, driven by a combination of factors including increased tourism, a favorable economic climate, and a growing demand for luxury waterfront properties.

Home Values and Sales Volume

The average home value in Exuma has been steadily increasing over the past few years. This trend is fueled by a combination of factors, including a growing demand for luxury waterfront properties and a limited supply of available properties. The median home price in Exuma is currently estimated at $1.2 million, according to recent data from the Bahamas Real Estate Association.

Sales volume has also been increasing in recent years, indicating a strong demand for properties in the area. This trend is supported by the increasing number of high-net-worth individuals seeking to invest in luxury real estate in the Caribbean.

Factors Influencing the Market

Several factors are influencing the real estate market in Exuma, including:

• Tourism:Exuma is a popular tourist destination, attracting visitors from around the world. This influx of tourists creates a demand for accommodation, which in turn drives up property values.
• Economic Conditions:The Bahamas has a stable economy, which is supported by tourism and financial services. This stability provides confidence to investors and contributes to the growth of the real estate market.
• New Developments:Several new luxury developments are underway in Exuma, including the construction of new resorts, marinas, and residential communities. These developments are attracting buyers seeking to invest in prime waterfront properties.

Property Value Comparison, 189 exuma way

The value of 189 Exuma Way is comparable to similar properties in the area, taking into account factors such as location, size, and amenities. The property’s waterfront location, private beach access, and luxurious amenities contribute to its high value. The asking price for the property is in line with the current market trends for similar properties in Exuma.

Potential Uses and Opportunities

Exuma Way presents a unique opportunity for a variety of uses due to its location, size, and current condition. The property’s expansive land area and proximity to the ocean offer possibilities for both residential and commercial development, while the existing structure provides a solid foundation for renovation or repurposing.

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Residential Development

The property’s expansive size and scenic location make it an ideal candidate for residential development. The existing structure could be renovated into a luxurious single-family home, or the land could be subdivided to create multiple residential lots. The potential for waterfront living and access to the surrounding natural beauty would attract discerning buyers seeking a tranquil and exclusive lifestyle.

• Luxury Single-Family Residence:The existing structure could be renovated and expanded into a luxurious single-family home with modern amenities and breathtaking ocean views. This option would appeal to high-net-worth individuals seeking a private and secluded retreat.
• Multi-Family Development:The property could be subdivided into multiple residential lots, allowing for the development of a gated community or luxury condominiums. This option would attract a diverse range of buyers, from families seeking spacious living to retirees looking for a low-maintenance lifestyle.

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Commercial Development

The property’s proximity to the ocean and its accessibility make it a viable option for commercial development. The existing structure could be repurposed into a boutique hotel, restaurant, or retail space, catering to the growing tourism industry in the area.

The property’s location and potential for waterfront views would be highly desirable for businesses seeking to attract visitors and locals alike.

• Boutique Hotel:The existing structure could be transformed into a charming boutique hotel, offering guests a unique and intimate experience. The property’s proximity to the ocean and its serene surroundings would provide a tranquil escape for travelers seeking a relaxing getaway.
• Restaurant or Bar:The property’s location and potential for waterfront views would be ideal for a restaurant or bar offering stunning sunset views and fresh seafood cuisine. This option would attract both locals and tourists seeking a memorable dining experience.
• Retail Space:The property could be developed into a retail space featuring local artisan goods, souvenirs, or specialty products. The proximity to the ocean and the growing tourism industry in the area would provide a steady stream of potential customers.

Renovation Opportunities

The existing structure on the property offers a solid foundation for renovation. The current condition of the building will determine the scope of the renovation project, but opportunities exist to modernize the existing space and enhance its functionality.

• Modernization:The existing structure could be renovated to incorporate modern amenities, such as updated kitchens, bathrooms, and energy-efficient systems. This would increase the property’s value and appeal to a wider range of potential buyers.
• Expansion:The existing structure could be expanded to accommodate additional living space, such as bedrooms, bathrooms, or a home office. This would provide more flexibility for potential uses and increase the property’s overall size and value.
• Repurposing:The existing structure could be repurposed for a different use, such as a commercial space or a rental property. This would require a significant renovation, but it could create a unique and profitable opportunity.

Challenges and Limitations

While 189 Exuma Way offers numerous potential uses and opportunities, there are also some challenges and limitations to consider.

• Accessibility:The property’s remote location could present challenges for transportation and access, particularly during inclement weather. This may limit the property’s appeal to some potential buyers or businesses.
• Infrastructure:The property may require upgrades to its infrastructure, such as water, electricity, and sewage systems, to accommodate a new development. These upgrades could be costly and time-consuming.
• Environmental Considerations:The property’s location in a sensitive coastal environment will require careful consideration of environmental regulations and sustainability practices. These considerations may impact the scope and feasibility of development plans.

Community and Lifestyle

The community surrounding 189 Exuma Way is a vibrant and welcoming one, offering a unique blend of tranquility and opportunity. The area is characterized by its stunning natural beauty, relaxed pace of life, and strong sense of community.Residents enjoy a lifestyle that revolves around the outdoors, with endless opportunities for swimming, fishing, boating, and exploring the surrounding islands.

The area is also home to a diverse range of residents, including locals, expats, and tourists, creating a truly cosmopolitan atmosphere.

Amenities and Attractions

The community offers a wide range of amenities and attractions, catering to a variety of interests. Residents have access to a variety of local shops, restaurants, and bars, as well as several schools, healthcare facilities, and other essential services.

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• Shopping:The area boasts a selection of local boutiques, grocery stores, and specialty shops, offering a diverse range of goods and services.
• Dining:From casual beachside eateries to fine dining establishments, the community offers a variety of culinary experiences.
• Entertainment:Residents can enjoy a range of entertainment options, including live music venues, cultural events, and festivals.
• Outdoor Recreation:The surrounding area provides ample opportunities for outdoor recreation, including swimming, snorkeling, diving, fishing, boating, and hiking.

Community History and Culture

The community has a rich history, dating back to the early days of European settlement in the Bahamas. The area was originally inhabited by the Lucayan people, and later became a popular destination for pirates and privateers. Today, the community retains a strong sense of its history, with many historic buildings and landmarks still standing.The community’s culture is a vibrant mix of Bahamian traditions and modern influences.

Residents celebrate a variety of festivals and events throughout the year, including Junkanoo, a colorful and energetic street parade held annually in December.

Demographics

The community is home to a diverse population, with a mix of locals, expats, and tourists. The demographics of the area are influenced by the strong tourism industry and the growing number of people seeking a relaxed and affordable lifestyle.

Wrap-Up: 189 Exuma Way

189 Exuma Way is a testament to the allure of this vibrant community. Its strategic location, promising market trends, and diverse potential uses make it an attractive prospect for discerning buyers. Whether you envision a cozy family home, a lucrative rental property, or a captivating renovation project, 189 Exuma Way offers an exceptional opportunity to shape your dreams.

Questions Often Asked

What is the asking price for 189 Exuma Way?

The asking price for 189 Exuma Way is [insert price].

Is 189 Exuma Way located near the beach?

Yes, 189 Exuma Way is located [distance] from the beach.

What are the property taxes for 189 Exuma Way?

The annual property taxes for 189 Exuma Way are [insert amount].

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