« Trader Wizdom: a selection of quotes from the past six months | Main | Cara’s Commentary & Community Chat, Tues., Aug. 28, 2007, 5:20 AM ET »

August 27, 2007

Cara in The Bahamas, Mon., Aug. 27, 2007, 11:55 PM ET

I am now a live-aboard on a friend’s Ocean SS twin-diesel 48-foot sport fishing and diving yacht. This big boat is even outfitted with a crane used to lift onto the deck a jet-powered 4-seater Kodiak that does 40 mph and can run right up on the beach. Toys for boys.

Of course, I am here because it’s close to my business and has on-board broadband and TV. :-)

The owner happens to own a two-engine plane and once owned a Bell Jet Ranger helicopter. He has investment real estate in the UK, Florida and Poland. He developed a computer learning business and sold it in order to retire in his 40's.

His house here in The Bahamas is a mere 10-bedroom, 10-bathroom, 10,000 square foot single level home on a large 61,000 s.f. lot in a prestige area. "Long Bay" was once the home of the Prime Minister Lynden Pindling, who was the PM who engineered independence for the country.

My friend lives there by himself, but would now like to sell it in order to take off for a long Bahamas Out Island journey via his plane and boat. He has people to see, places to go.

It’s a fine house as you’ll see via the photo’s.

Situated on the highest point of land in New Providence/Nassau, he likes to say that his friends throw all the beach parties and he does the hurricane parties. He has enough oil in storage to last out almost a year’s emergency.

I love the place, but let's be practical. It needs an owner who either has a large family (it sleeps 19) or uses it as a corporate retreat or business of some kind. It would be perfect for Bed N Breakfast, for weddings or for an exclusive spa. I also think a specialized offshore medical therapy center would be a good fit.

I have even thought it might be a good center for trading and trader workshops. I might even consider raising the capital to do that. Who knows?

But for his kindness in letting me stay on his boat after two months in a hotel where I was wondering if I should grow a Howard Hughes beard (a la his stay at Xanadu in Freeport), I thought it would be cool if I ran the house photos.

For $1.8 million, somebody in the Cara Community will have an interest or know somebody who might have an interest.

Like I say, it might even be me.


Front view

Driveway

Aerial view

Front views

Kitchen

Kitchen view

Dining room

Lounge

Living room

Living room

Master Bedroom

Master bath

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Cabana

Cabana Bedroom

Sauna

Pool

Pool

Backyard

Backyard

Cottage

BBQ

BBQ

Aerial view

Aerial view

Do I think the place is worth $1.8 million? For the right owner, absolutely.

Posted by Posted by Bill Cara on August 27, 2007 11:55:42 PM | Category: Bahamas