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SOURCE Caves Heights Development Ltd.
NASSAU, The Bahamas, July 18, 2014 /PRNewswire/ -- Heeding the trend of merging fine art and real estate, the premier luxury condominium development Caves Heights in Nassau, The Bahamas hosted a pop-up art exhibit last month as the theme of their penthouse open house, welcoming over 300 art enthusiasts and international real estate investors. As a result, coupled with the overall uptick in the economy, Caves Heights is currently witnessing a dramatic increase in sales.
Cave Heights offered its 4,594-square-foot penthouse to artists to showcase their work and attract high net-worth individuals looking to invest in second homes, converging the Commonwealth's renowned artists with international home investors.
Well-known art enthusiasts Beat Schlagenhauf and Gustaf Hernquist, Vice President of Sales and Marketing for the property, curated the evening, which featured over a dozen professional Bahamian artists, including: Ricardo Knowles, a mixed media artist known for depicting tropical island landscapes in his work; Trevor Tucker, known for his expressive brushstrokes and strong compositions reflecting his love for nature and religion; Rebecca Armbrister known for her children's art and fine silk; Toby Lunn, who showcased dramatic contemporary scenes of the pristine Bahamian waters; Morgan McKinney, with a flair for merging natural and man-made materials to create sculptured furniture using mediums of local woods, drift wood, chrome and alloy; John Paul, showcasing fine art watercolors; and other fine artists such as Scott Aranha, Catherine Armstrong, Je-rome Harris Miller, Barbara Pyfrom, John Cox, Marco Mullings, Sheldon Saint, Reginald Armbrister, and Nicola Hepburn.
While The Bahamas is known for its beauty, tax breaks, vibrant culture, fine arts, and accessibility to the United States, Nassau is a canvas for many renowned art enthusiasts, entertainers, sports personalities, investors, and business elite calling it home away from home.
Playing host to two-, three- and four-bedroom condos ranging from 1,855 to 4,594 square feet, Caves Heights has now sold over 75% of the completed development, with remaining units priced between $695,000 and $2,400,000 with attractive investment opportunities readily available, including the option to purchase and lease units with a safe net income before capital appreciation return of approximately five to six percent on an annual basis.
ABOUT CAVES HEIGHTS
Caves Heights is destined as the premier luxury condo development in Nassau, The Bahamas for second-home buyers and investors. Situated in a private gated community, Caves Heights features two-, three- and four-bedroom condos, ranging from 1,855 to 4,594 square feet and priced between $695,000 and $2,400,000 or for leasing from $4,500 to $10,000 a month. Amenities include two pools, a well-equipped fitness center and aerobic room, a lit hard-surfaced tennis court with side pavilions, gazebos, family picnic areas, 24-hour security, air-conditioned storage, and ample parking. The adjacent Caves Village, accessible by golf carts provided to residents, offers lit paved walkways and lush landscapes enveloping a variety of shops, restaurants, salons and spas, wine stores, pharmacies and other conveniences. www.cavesheights.com
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