Active

MARGARITA HOUSE

New Providence/Paradise Island

$2,850,000


$570.00 per sqft

Active

7 Beds

8 Baths

5,000 sqft

Residential

Nestled near the pristine shores of Cable Beach, this charming estate house presents a unique opportunity for those with a vision for restoration and a love for natural beauty. Situated on a almost 25,000 sqft lot, this property offers ample space for creative renovations while maintaining its historic charm. The house exudes potential with its classic Bahamian architecture. Large windows provide abundant natural light, and the spacious rooms offer a versatile canvas for modern updates while preserving the property's original character. The true treasure of this estate is its stunning yard and pool area. The mature, lush landscaping creates a peaceful oasis, with tropical flora providing privacy and a scenic backdrop. The expansive yard opens up endless possibilities for outdoor living and entertaining. The proximity to the ocean adds to the charm of this property. Just a short walk away, the beach awaits, offering the perfect escape for sunbathing & swimming. Currently, there are also 4 small apartments on the property, making this an income producing gem.

58427

MLS ID

June 28, 2024

Listed

October 14, 2024

Updated

Map

MARGARITA HOUSE
New Providence/Paradise Island

Interior Features

Total Stories

3


Bedrooms

7


Total Bathrooms

8


Full Bathrooms

7


Half Bathrooms

1


Interior Features

Garden Area, Swimming Pool, Main Level Entry, Fully Walled, Cable, Stand-by Generator


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Split


Heating

No

Exterior/Building Features

Lot Size

0.57 Acres


Exterior Features

Private Yard, Gazebo, Covered Patio, Patio, Porch, Pool, Garden, Fruit Trees


Lot Features

Central location, Easy Access, Family Oriented, Private Setting, View - Ocean, Shopping Nearby, Treed Lot, Quiet Area, No Thru Road, Acreage, Phone to Lot, Level Lot, Underground Services, Can Be Rented


Architectual Style

Bahamian Style


Roof

Asphalt Shingle


Sewer

Septic - Yes

Other Property Details

Area Name

Cable Beach


Association Fee Frequency

Monthly


Association Amenities

No Fee


Garage

Yes


Parking

Garage - Double


View

No


Water Source

City


Pool

Yes

Listing History

Date

Event

Price

10/8/2024

Price change

$2,850,000

-90%

10/8/2024

Price change

$28,500,000

819%

Listed by with

The IDX display contains information sourced from the Bahamas Real Estate Association as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/14/2024 at 8:06 PM UTC

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