Great Whale Cay is one of the largest, fee simple, contiguous island properties in the entire Caribbean.
SHORE TO SHORE VALUE
The Property’s long, expansive, geography results in a shoreline of over 12 miles. The shore-to-shore depth of the Property is beneficial to resort real estate yield driving value from oceanfront and ocean view homes within close proximity to the islands many beaches.
4.9 miles long. 850 acres. +12 miles of ocean frontage.
Great Whale Cay as a contiguous freehold property does not have any permanent residents, is entirely Freehold titled and with no Crown Land. As such the island is uniquely unconstrained for development. The Property was valued by an independent third party appraiser in 2008 at $110.6 million (during the peak of the global credit crisis).
APPROVED PLATTED LOTS
Since 2000 the current owners have acquired several large tracts of land and independent lots to complete the contiguous land ownership. Today the island has development and sub-division entitlements for an initial 155 platted and approved approx. one-acre lots within the overall 850 acre property. Of this initial platted plan 33 approx. one-acre lots have been sold to third parties with 122 approx. one-acre lots available for sale and average 170’ wide frontages.
Copyright WHALE CAY GROUP, LIMITED 2016
A RICH HISTORY OF CELEBRITY
The island has a rich history under the previous stewardship of Marion “Joe” Carstairs, an heiress of the Standard Oil dynasty who frequently hosted guests including the Duke and Duchess of Windsor, Marlene Dietrich, and other famous Royalty and personalities. Historic buildings including The Great House, The Church, and The Doll House remain on the property.
Expansive 850 acre fee simple island property
Distinction and cache as the largest contiguous, developable, fee simple island in the Caribbean
Excellent access from Miami or Fort Lauderdale (150 miles or 45 minute flight). 15 minute flight to Nassau
4000’ airstrip with expansion to 5700’ can accommodate commercial, charter and private jets
12 miles of coastline including an abundance of beaches as well as deep water access and moorage
Liquidity flexibility where initial, current 122 one acre approved lots can be sold or preserved
Value preservation with USD pegged currency
Excellent legacy asset for a Family Office. Inter-generational asset that can be transferred.
Alternatively can be developed as series of 100 to 150 acre compounds
4 to 5 boutique resorts can yield an aggregate $2.4 billion in real estate sales and $553 million in profit
The island offers fly-fishing, big game fishing, snorkeling, scuba diving and many more activities.
Unusual for the Bahamas, the island boasts cliffs reaching heights of up to 60 ft above sea level.