Lot 24, Fairway Close

A gated community lot in growing Coral Harbour

Fairway Close is one of Coral Harbour's most sought-after gated communities — a quiet, family-oriented enclave that offers security, well-maintained common areas, and proximity to both the airport and some of New Providence's best beaches. When this multifamily lot came to market, the objective was clear: position it for buyers who understand the long-term value of building within a managed, gated environment in one of Nassau's fastest-growing suburban corridors.

Land sales at accessible price points require a different kind of market positioning than luxury home transactions. The buyer pool includes young Bahamian families ready to build their first home, investors looking to construct rental units in a high-demand area, and developers who recognize the upside of multifamily zoning within a gated community. My role was to connect this lot with the right buyer — someone who could see not just what the land is today, but what it becomes once built out.

This was a July 2026 transaction, and it reflects the kind of work I do consistently across the market: helping sellers achieve fair value and helping buyers find opportunity, regardless of the price point. The same attention to accurate pricing, market knowledge, and professional execution applies whether the property is a beachfront estate or a community lot in Coral Harbour.

Multifamily potential in a secure community

Lot 24 is a 7,563-square-foot multifamily lot situated within Fairway Close, a gated community in Coral Harbour that has become one of the more desirable residential developments on the southern side of New Providence. The lot's multifamily zoning gives owners the flexibility to build a duplex, triplex, or similar multi-unit structure — an increasingly attractive proposition in a market where rental demand continues to outpace supply.

Fairway Close itself is a well-planned community that offers residents 24-hour security, landscaped common areas with water features, a basketball court, parks, and walking paths. The community was designed with families in mind, and that shows in the quality of the infrastructure and the care taken with shared amenities. For buyers building a primary residence, these features translate directly into quality of life. For investors, they translate into rental premiums and lower vacancy rates.

The location adds another layer of value. Coral Harbour sits within easy reach of Lynden Pindling International Airport, making it convenient for professionals who travel frequently. The area is also walking distance to beaches and a short drive from schools, shopping centres, and the commercial heart of Nassau. For families and investors alike, these practicalities matter as much as the lot itself.

Entry-level land in a high-demand market

The Bahamas land market at the entry-level tier has seen sustained demand over the past several years. As housing costs rise across New Providence, more buyers — particularly young Bahamian families and first-time investors — are turning to vacant land as a pathway to homeownership or income-producing property. Building from the ground up allows buyers to control costs, customize their homes, and often achieve better value per square foot than purchasing an existing structure.

Coral Harbour is one of Nassau's most popular suburban communities, and for good reason. It offers a balance of accessibility, affordability, and lifestyle that few other areas on the island can match. The neighbourhood has seen steady development over the past decade, with new homes, improved infrastructure, and growing commercial amenities that make it a self-sufficient community rather than a distant suburb. Gated developments within Coral Harbour, like Fairway Close, command a premium precisely because they add a layer of planning and security that standalone lots do not provide.

At $150,000, this lot represented one of the more accessible entry points for land ownership on New Providence. In a market where waterfront lots can exceed $1 million and even modest single-family lots in established areas often start above $200,000, a multifamily lot in a gated community at this price point attracts strong interest from value-conscious buyers who understand the fundamentals of Bahamian real estate.

The growing demand from young families looking to build and from investors seeking multifamily rental income creates a reliable buyer pool for properties like Lot 24. This is not speculative land in a remote Out Island — this is buildable, zoned, serviced land in a functioning community within 15 minutes of the airport.

Active results across every price point

Lot 24, Fairway Close closed at $150,000 in July 2026. This is among the most recent transactions in my portfolio, and it demonstrates something important about how I approach my practice: every client and every property receives the same level of attention, market analysis, and professional execution, whether the sale is $150,000 or $6.3 million.

Land transactions are often underestimated in terms of the work involved. There are no staging photos, no open houses, and no emotional responses to kitchens and views. Instead, the sale depends entirely on accurate market positioning, understanding of zoning and development potential, and the ability to connect with the right buyer pool. For this lot, that meant reaching both the local Bahamian buyer who wants to build a family home and the investor who sees the rental income potential of a multifamily structure in a gated community.

Whether you are looking to sell a vacant lot, acquire land for development, or explore investment opportunities across The Bahamas, I bring the same depth of market knowledge and commitment to results that I apply to every transaction. My strength is not limited to a single property type or price bracket — it extends across the full spectrum of Bahamas real estate, from gated community lots to oceanfront estates.