This $16 Million Beachfront Property Comes with a Private Island
The Bahamas is a not only a great place to vacation, but it’s also a great place for an internet entrepreneur to run his business from. With its territorial tax system and easy to obtain residency, the islands are a great place to make and invest income free of taxation.
One of the many projects that caters to this new rich group of entrepreneur is the Residences at Montage Cay. This is a collection of 47 homes built on a private 53-acre island in the Abacos. The homes start at $6 million but one you’re interested is the Hibiscus Estate Residence. This is the biggest home on the property and the most expensive at $16 million.
The Hibiscus Estate Residence spans 6,619 square-feet on a single level. The residence was designed by Californian architect Robert C. Glazier and New York-based design firm Gensler. It offers five bedrooms, five bathrooms and comes fully furnished, so you all you have to do is bring your laptop and you can run your internet empire on your own private beach!
Award-winning studio DesignAgency was tapped create the home’s interiors, which feature high 14-foot ceilings and sliding glass walls to let the ocean breeze and sun in. you’ll also find high-end appliances from Wolf and Sub Zero as well as Cove dishwashers. Two spacious primary suites both offer private outdoor terraces and garden showers.
Outside, the residence offer nearly 2,000 square feet of covered terraces and pavilions. The home is surrounded by tropical gardens for privacy and features a infinity pool with a lounge area that overlooks the clear blue Sea of Abaco. There is also a fully equipped outdoor kitchen for alfresco dining.
The residence is fully serviced and managed by Montage International, which means all the housekeeping is done for you, and a concierge is at your 24/7 beck and call should you need anything.
In addition to the residences, Montage Cay will feature a 50-suite Montage hotel with all the amenities, services and renowned cuisine associated with Montage, a signature Spa Montage, as well as a deepwater marina to welcome yachts from around the globe.
The Residences at Montage Cay will be available for occupancy in 2023. Buying a property worth over $750,000 dollars on the Caribbean makes you automatically eligible to apply for permanent residency. Because of its territorial tax system, the Bahamas only tax income made inside the Bahamas. If your income comes from outside the country, as would be the case for most internet marketers, it is not subjected to income tax.