Connect with us

Bahamas News

Nation’s Largest Privately Held Island Goes on Online Auction

Published

on

Bahamas Tops Post-COVID Destination Choices

 

#TheBahamas, June 28, 2022 – It’s not often that a once in a lifetime opportunity presents itself twice, but that’s exactly what’s happened in the case of Little Ragged Island.

The remote isle in the southern Bahamas is back on the market and has what it takes to draw the attention of the world’s wealthiest seeking a private tropical haven for personal pleasure or development potential.

The isle with an exotic feel and easy access to multiple airports short boat rides away is the largest private island up for sale in The Bahamas, a 100,000-mile open ocean archipelago that has remained a coveted destination among those seeking luxurious, secluded and easily accessible getaways.

According to industry analysts, interest is expected to be high when the island hits the online auction site this week with bidding opening July 25 for four days.

While COVID took a significant toll on the tourism-dependent economy, pent-up demand in the wake of early pandemic lockdowns continues to drive a real estate boom that has swept across the country’s many islands and cays — famed for their turquoise waters and hailed by former NASA Astronaut Scott Kelly as the “most beautiful place from space.”

“Private islands in The Bahamas have long been regarded as a premier choice for anyone in search of the ultimate getaway, and St. Andrew’s or Little Ragged as it is commonly called is a fisherman’s and diver’s paradise,” said Sotheby’s Concierge Auctions Vice President of Business Development Danny Prell.

“Located in the Ragged Island chain, the 712-acre island, with its secluded coves and beaches is unlike anything on the market, away from it all, but only a two-hour flight from Miami. That lends a feeling of true remoteness, while maintaining advantages like easy access from key markets and an English-speaking local population.”

Bahamas Realty’s Stuart Halbert, the local real estate agent for the listing, said he believes development opportunities for Little Ragged are limited only to one’s imagination.

“This is the perfect blank canvas for a dream project such as a private residential settlement or a boutique resort with a large marina,” he said.

The award-winning agent said St. Andrew’s Island has great potential due to its topography, good elevations, beautiful beaches and superb fishing.  Halbert also noted that the island could be perfect for an eco-resort, describing the natural wildlife as “abundant” and noting that it has excellent snorkeling and diving potential.

Little Ragged Island’s location, just a mile from the Duncan Town airport, means great accessibility for transporting supplies to the island and accommodating workers while developing the island.

Though Little Ragged Island was grabbed up in an auction last year, global market conditions have landed it back on the market, presenting those who missed out on the initial opportunity with a second chance. It’s not the first time Sotheby’s Concierge Auctions has sold the same property twice. There have been cases, executives said, when a highly desirable property changes hands three times, all by online auction, one of the fastest growing marketing tools for exclusive properties in the real estate world.

“One of the reasons we have enjoyed the growth we have and now the affiliation with the famed international auction master of art and estates, Sotheby’s, not to be confused with the real estate franchise by the same name, is that we are extremely selective in what we accept to represent,” explained Prell. Quality and fair market pricing are prerequisites, he noted. And where once auctions were considered a last-ditch effort, today they are anything but. In fact, many in the rarified upper air of high-end markets rely on auctions to bring the most interesting, objectively-priced unique properties to market knowing that the curated database includes the top 1% of the world’s wealthiest and their representatives or agents.

“Of every 20 properties or estates offered to the online auction firm, Sotheby’s Concierge Auctions turns down 18,” Prell says.

“The 10% of properties we do take must have that special something that makes it Sotheby’s Concierge Auctions quality,” “Only then will one of our digital marketing and sales teams begin the process of preparing for the sale, always aligning with a local agent, working the database, understanding who the offering and the price point will appeal to, qualifying them for the bidding process which requires a deposit to participate and then watching the excitement unfold online.”

Once up on the Sotheby’s Concierge Auctions website, the sale of a property takes on a life of its own with a clock ticking and prices climbing. Sotheby’s Concierge Auctions has successfully auctioned off numerous properties in The Bahamas, while maintaining its commitment to working with Bahamian agents for each transaction. Little Ragged Island is selling without reserve.

To register or follow the auction, click on www.casothebys.com/auctions/r1-st-andrews-little-ragged-island-bahamas.

 

Caption: Twice in a lifetime opportunity – Little Ragged Island, also known as St. Andrew’s, is back on the market as a unique opportunity to own a piece of paradise in the southern Bahamas. It will be offered for sale to the highest bidder without reserve next month by Sotheby’s Concierge Auctions in conjunction with Bahamas Realty’s Stuart Halbert. The 712-acre island with two fresh water springs is the largest privately held island currently for sale in The Bahamas. Photo by Brett Davis for DPA

 

Release: Bahamas Realty

Continue Reading

Bahamas News

New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

Published

on

ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

Continue Reading

Bahamas News

Nassau Opens CDB Annual Meeting at Baha Mar This Week

Published

on

NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Bahamas News

Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

Published

on

May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING