Private Island For Sale In Abacos Bahamas

Canes Cay is a 7 acre island located in Abaco, Bahamas.

It helps frame a cove between Scotland Cay and Great Guana Cay. This cove has been featured on the cover of the Abaconian and National Geographic Magazine several times for it’s pristine beauty. The island has approximately 1 mile of golf cart paths connecting the two homes on each end. Currently the larger home is used as a main home and the other home used as Guest House. Both homes are two bedroom two bath with a large great room and big wrap around porches. There are two new docks on the island next to the main house and a third dock scheduled to be rebuilt is by the guest house on the cove.

Bakers Bay, a Discovery Resort, is 7 miles away. The exclusive club is second home to Michael Jordon, Reese Witherspoon, Justin Bieber, Nicole Kidman, and many more. Many of the occupants of Bakers head up to Canes Cay Cove on their boats to find quiet, calm waters on white Sandy beaches, because 70% to 80% of the Abaco Island days have 10 to 20 knot winds.

Just 6 miles away, Montage Hotels & Resorts recently bought and announced renaming Matt Lowe’s Cay to Montage Cay, a 47- acre private-island resort and residential community in The Abacos Islands in the Bahamas with 1/2 lots selling for $2 to $4mm per Acre, and nearby 4 acre island, Gamellimi cay sold for $17mm with no houses, no docks.

There is work still being done on the Canes Cay to repair damage from Dorian hurricane. The main house is complete. Guest house needs kitchen counters to be completed. There is a perfect area in the middle of the island at the highest point for a new and bigger main house with wonderful views of the Sea of Abaco, and the cove, as well as views of the Atlantic Ocean, where you see waves, breaking on the reef. Actually there are 5 undeveloped acres if one wanted to build multiple cottage homes for a resort.

Another amenity included in the sale is a lot on the adjacent Cay, which includes landing rights which supports small jets and twin props and a boat slip for a 40’ boat in the protected harbor. This lot on Scotland Cay is under contract and scheduled to close Late March or early April and is included in the asking price. Also included in the sale is a 2020 WorldCat 32 Dual Console boat, two golf carts, both under 3 years old. Both houses have all new appliances, and a rock wall is scheduled for the Sea of Abaco dock along with new landscaping.

Mortgage amount

Period

Total cost of mortgage:$24,957,371

Monthly payments:$69,326