Bahamas News
Concierge Auctions Anticipates Strong Bidding Activity for Unique Short-term Luxury Rental Properties Demand for The Bahamas & Caribbean Soars
The Bahamas, February 8, 2025 – Calling the demand for sophisticated short-term vacation rentals ‘unprecedented,’ a Sotheby’s Concierge Auctions executive anticipates strong activity when bidding opens on two unique Caribbean-based properties – one in The Bahamas, another in Jamaica – this month.
A heated pool overlooks pristine white sand beaches, while the beachfront bar and grill create an ideal entertainment setting. Immaculate landscaping enhances the natural beauty of this one-acre sanctuary.
“It is extraordinary that two distinct properties, each designed with spaciousness, attention to architectural style and detail, as well as amenities that cater to a highly sophisticated luxury market, come to market at the same time,” said Danny Prell, Vice President of Business Development at the world’s largest luxury real estate auction house.
He stated that both properties offer a component critical to the demanding high-end vacation rental client – a unique location with unmatched beauty, privacy and serenity.
One of the properties, Coconut Island Estate in Abaco in the northern Bahamas, already has a proven track record of rental success, generating a significant six-figure income. Situated on a stretch of baby powder soft beach in the chain of islands known as the ‘sailing capital of The Bahamas’, the estate consists of four separate houses with a total of 10 bedrooms and nearly 9,000 square feet of space. The residence features a beachside bar and grill, a heated pool, and ample opportunities for guests to enjoy swimming and snorkeling without leaving the property. For those seeking adventure, nearby charter options offer boating, fishing, diving, or excursions to charming neighboring islands and settlements.
Kenyan Sunset Listed for $3.5M; offers a distinct fusion of Caribbean elegance and African inspiration across two majestic acres in prestigious Caribbean Heights. This exceptional estate comprises three thoughtfully designed structures, each embodying unique charm.
The second offering, Kenyan Sunset in Montego Bay, Jamaica is sprawled across two acres with three residences perched high atop a hill overlooking two world-famous golf courses and the historic Rose Hall Great House. Its fusion of Caribbean and African lends colour and features that give it the appeal of an architectural magazine cover. The main house features three bedrooms, a private office, a fully equipped kitchen designed for entertaining, a wine cellar, a media room, and a gym, all centered around a private pool. A second pool is located at one of the two cottages.
“The short-term vacation rental industry as we know it today was unheard of just a generation ago,” said Prell. “Globally, it is generating upwards of $87 billion annually and there is no sign of a slowdown. What is less well-known is the demand for luxury properties where those of a certain economic standing can enjoy all the family, friends and colleagues they want to have around them in a non-commercial environment. These properties, Coconut Island Estate in the Abacos of The Bahamas and Kenyan Sunset in Montego Bay, are quintessential opportunities for the client who wants everything at his or her fingertips in a location that is easy to access and hard to leave.”
The estate’s elevated position between the renowned White Witch and Cinnamon Hill golf courses delivers spectacular views, while sharing grounds with the historic Rose Hall Great House adds to its prestigious providence.
Sotheby’s Concierge Auctions is working in collaboration with local Sotheby’s associates in both locations. Coconut Island Estate is listed by Mitzi Pearce of Bahamas Sotheby’s International Realty for $5.4 million with bidding expected to start between $1 million–$1.75 million. Kenya Sunset is listed by Coleen Samuels and Julian Dixon of Jamaica Sotheby’s International Realty for $3.5 million with bidding expected to open between $750,000 and $1.25 million. Both auctions are scheduled to open on February 21 and close on March 1 as part of an inaugural live sale event during ModaMiami in Coral Gables, Florida. Prell said he would not be surprised if a single bidder opts for both.
“Finding one revenue generating property at this level in excellent condition is rare, finding two in the same region at the same time is extraordinary,” he said. “It should be exciting and one of the most active auctions we have had in recent history because both lend themselves to the opportunity for owners to enjoy when they want and earn revenue when they wish.”
About Concierge Auctions
Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. Acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Anywhere Real Estate, Inc (NYSE: HOUS), the largest full-service residential real estate services company in the United States, Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry’s leading brokerages to host luxury auctions for clients. For Sotheby’s International Realty listings and companies, Concierge Auctions provides Sotheby’s brand exclusivity as Sotheby’s Concierge Auctions. Since inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and sold properties in 46 U.S. states and 35 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key® giving program in partnership with Giveback Homes™, which funds new homes for families in need from every property the company sells. For more information, visit ConciergeAuctions.com.
Bahamas News
Caribbean Wines & Spirits Displays Portfolio Evolution and Innovation with a Spectacular Showcase
Nassau, BAHAMAS — Caribbean Wines & Spirits (CWS), The Bahamas’ premier wines and spirits distributor hosted a spectacular showcase to celebrate the evolution of its portfolio while highlighting their innovative products.
The event was held at The Bahamas National Trust’s Retreat Garden as an opportunity to educate customers on how the company has
grown its product listing since 2020.
Karla Wells-Lisgaris, Commercial Officer of Caribbean Bottling Company (CBC), local producers of Coca-Cola and Dasani products, and sister company to CWS shared her thoughts during the event.
“CWS was birthed with the goal of offering Bahamians premium wines and spirits. Over the years we have grown to be an alcohol beverage provider known for our quality products and excellent service. As we grow each year striving to continuously satisfy our clients and consumers, we are proud at the expansion of our portfolio.”
The showcase was a testament to CWS’s steady growth and strategic planning. The company that started with only one brand, House of Angostura and 14 Stock Keeping Units (SKU) has now grown to over 40 brands and 350 SKUs.
Waylon McHardy, General Manager for Caribbean Wines & Spirits shared what inspired the tradeshow that took place in “grand style”.
“We decided to celebrate our growth by showcasing our evolution along with the incredible products offered in our portfolio. As a team
we’re elated by the expansion of our portfolio, appreciative of our loyal customers and proud of our Team Members across the organization who continue to embrace a customer-centric mindset, which also calls for celebration.” McHardy expressed.
The event categorized its wines and spirits into two sections, the ‘Americas’ and ‘Europe’. Each product had a brand ambassador at their respective stations offering consumers a better understanding of the product’s origins and taste.
While CWS is known for providing quality products, a few key brands wowed guests that night. Fan-favorites were: ABK6 Cognac, Hard Truth Toasted Coconut Rum Cream, El Tequileno, Caposaldo Moscato and Fonseca Bin No. 27 Port.
Another highlight of the night was the introduction of two new products in CWS’ inventory; El Tequileno an award-winning tequila and ABK6 a single estate cognac.
McHardy revealed that tequila is the fastest-growing category in the beverage industry globally. Aiming to always compete and provide a
variety of products, CWS secured El Tequileno, a multi–International Spirits Challenge (ISC) and Spirits Business Awards winner for tequila; which can now be purchased and enjoyed locally.
Cognac, a highly popular spirit within the country presented a gap in CWS’ portfolio, which was filled with the introduction of ABK6. This “innovative” product, made with diligence and integrity in each step makes for a delightful taste on the pallet.
Guests savored a variety of hand-crafted cocktails at the El Tequileno Tequila and Nemiroff Vodka stations which heightened their taste buds.
The night was a celebratory affair without a doubt, however McHardy shared the overall goal of the event.
“We want customers to leave feeling valued and appreciated with a deeper understanding of our organization’s mission, which is to serve as a business partner for our customers while seeking to meet the needs of our consumers.” McHardy disclosed.
As the year progresses, consumers can enjoy products at the company’s growing monthly Block Parties and samplings. Also be on the
lookout for a fun summer calendar that will include multiple islands in The Bahamas.
To keep up to date on exciting events and new products visit CWS’ website at www.cwsbahamas.com and follow-on social media at @caribbeanwinesandspirits.
Bahamas News
Bahamas Maritime Authority launches campaign for re-election to the International Maritime Organization (IMO)
The Bahamas, March 22, 2025 – Minister of Energy and Transport, the Hon. Jobeth Coleby-Davis attended meetings in London, UK, in support of the Bahamas Maritime Authority’s launch of Bahamas Candidacy for re-election to the IMO under Category “C”.
The minister reported, “the importance of the country’s membership on the Council, is not only because of its active and regulatory leadership with the IMO at the Council and Committee level, but also because of its Shipping Register – recognised internationally for its quality – and the expectation of the ship owners of Bahamas-flagged vessels that the country retains a seat on the Council.”
During week of March 10, 2025 Minister Coleby-Davis, along with Minister of Foreign Affairs the Hon. Fred Mitchell, Ambassador Paul Rolle, BMA CEO Captain Hutchinson, Board Chair Jacqui Simmons, Deputy Chair Peter Goulandris and Port Controller Berne Wright met with the Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez Velasco in discussing three important areas of concern: 1) Maritime Safety and Security- Environment; 2) Safety and Training of Seafarers; and 3) Equity and Diversification in the Maritime Sector.
Additionally, the Minister met with the following Excellencies:
- AMBASSADOR OF BELGIUM TO THE UK – HIS EXCELLENCY MR. JEROEN COOREMAN;
- AMBASSADOR OF SAUDI ARABIA TO THE UK – HIS EXCELLENCY HRH PRINCE KHALID bin BANDAR bin SULTAN AL SAUD;
- AMBASSADOR OF QATAR TO THE UK – HIS EXCELLENCY SHEIK ABDULLAH bin MOHAMMED bin SAUD AL THANI;
- AMBASSADOR OF COLUMBIA TO THE UK – EXCELLENCY ROY BARRERAS; and,
- AMBASSADOR OF OMAN TO THE UK – EXCELLENCY BADR MOHAMMED BADR ALMANTHERI.
The minister stated: “These collaborative meetings were to discuss ways member states can work together on addressing matters related to maritime security, efficiency and digitization. Additionally, it was to encourage support for SIDS as some regulatory mandates focused on global transition to cleaner fuels by our vessels may have negative impacts and therefore member states are discussing a balanced and equitable approach to sustainability.”
(BIS Photos/Anthon Thompson)
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