Updated Dec 4, 2024
Matthew Marco Of Bond Bahamas Sells Apsara Mansion In Old Fort Bay For $39M
$39,000,000
$927/SF
Building Size
42,069 SF
Asset Type
Single Family
Closing
Apr 30, 2024
About this deal
AI
A lavish waterfront mansion in the Bahamas, known as Apsara and located in the Old Fort Bay gated community near Nassau, sold for approximately $39 million. The property spans 42,069 square feet and was sold at a price per square foot of $927.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $39,000,000
- Market: Old Fort Bay, Bahamas
- Broker: Matthew Marco - Bond Bahamas
The sale of the stunning Apsara mansion was facilitated by Matthew Marco of BOND Bahamas, making it one of the largest home sales in the country. Situated in a prestigious gated community, this transaction showcases the luxury real estate market in the Bahamas.
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Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $927 per square foot on a published $39M for 42,069 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93