THE BAHAMAS – Leading Bahamas Real Estate broker, HG Christie Ltd. CEO, John Christie, and Douglas Johnson, Managing Director of CBRE Auction Services, are thrilled to announce that the Big Grand Cay Archipelago Estate located in the northern Bahamas realized a successful sale at the online auction held on May 14th 2014 with an opening bid of $1,950,000. Heralding ‘UNDER CONTRACT!’ the auction came to a close in the late afternoon with resounding success!
HG Christie Ltd, the exclusive affiliate in The Bahamas for Christie’s International Real Estate, excitedly updated awaiting clients and networks of the outstanding results of this highly anticipated Private Island Auction held in conjunction with CBRE.
HG Christie CEO, John Christie, shared insights into the event “The interest for this unique private island holding was strong and competitive. The bidding during the auction was robust and led to a successful offer with the holding being placed ‘Under Contract’.” Mr. Christie further enthused “…the desire for Private Island ownership is hotter than ever and we are proud of the excellent portfolio we possess of private island offerings for qualified buyers. If you missed this outstanding opportunity, make sure to check out others available such as the gem of Johnny’s Cay in the Abacos.”
The level of activity and engagement of this auction speaks to the growth and positive movement within the luxury real estate market of The Bahamas.
The 277+ acre opportunity included Big Grand Cay, Bakers Cay, Sandy Cay, Mermaid Cay, Rat (Seahorse) Cay, Spongers Cay, Felix Cay, an unnamed cay and three small rocks. Big Grand Cay itself features a 4-bedroom and 5-bathroom vacation home with saltwater swimming pool, expansive decks overlooking tropical beaches, a deep-water dock, an ocean villa, inland villa and caretaker’s quarters. This exclusive private Bahamian estate has notably hosted many high-profile guests including former President Richard Nixon and his family. The opening bid for the online auction was $1,950,000.
“The Big Grand Cay Archipelago was an extremely rare offering, we are thrilled to find the perfect buyer.” concludes HGC CEO, John Christie, “The potential of this captivating estate holding is endless. It is a tremendous opportunity, in a world-class location, where owners can create ultimate dream destination. That is the ultimate lure of Private Island ownership in The Bahamas.”
For more information on this, and other auctions, visit www.cbre.com/auctionservices, or call CBRE Auction Services at 800-815-1038. HG Christie Ltd. CEO, John Christie, can be reached via www.hgchristie.com or at 242-322-1041.
About CBRE Group, Inc.
CBRE Group, Inc. headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
About HG Christie Ltd.
HG Christie is a full service real estate company in the Bahamas offering sales, rentals, appraisals, and property management. Founded in 1922 by the legendary Sir Harold George Christie, HG Christie is the Exclusive Affiliate of the prestigious Christie’s International Real Estate network, the Real Estate arm of the renowned Christie’s art auction house. The company is known as “The Trusted Authority for Bahamas Real Estate” and has an incomparable selection of property listings from across The Bahamas.
Listings include private islands, luxury estates, affordable homes, and condos, vacation villas, commercial and development properties, as well as vacant land. With eight offices strategically located throughout the Bahamas in Nassau; Freeport; Governor’s Harbour, Eleuthera; George Town, Exuma; Marsh Harbour, Hope Town, and Green Turtle Cay, Abaco: the HG Christie team of professional agents is knowledgeable, well established in their market and ready to support their client needs.