31 Bedroom Condominium Building for Sale, West Bay Street, New Providence, Bahamas

This 16-unit condominium building, situated on 5.29 acres of elevated oceanfront land on West Bay Street, New Providence, offers exceptional income-generating and development potential. The fully furnished, move-in-ready building features 32 bedrooms and 32 bathrooms across thoughtfully designed residences.

The configuration includes four penthouses with 14-foot ceilings and top-of-the-line appliances including wine coolers; two feature 2 bedrooms and two offer 3 bedrooms with spacious master bathrooms containing standalone bathtubs and bidets. Ten additional units provide 2 bedrooms and 2 bathrooms, each equipped with Viking appliances and wine coolers, plus two 1-bedroom units with dens. Every residence enjoys large ocean-facing terraces and in-unit laundry facilities. All ocean-facing French doors feature fully automated roll-down shutters for storm protection and privacy.

The building is within a completely gated community offering a large, recently renovated pool, fitness center, and ample parking including covered spaces for all units. Walkways and stairs showcase travertine tile finishes with contemporary lighting throughout.

The existing turnkey units generate immediate rental income through short-term or long-term leasing arrangements. Alternatively, the building presents an excellent conversion opportunity into individual condominium or co-op units for sale to private owners.

The elevated 5.29-acre site provides ample space for at least two additional similar buildings on the hilltop above the existing structure. Recent changes easing height restrictions allow for increased unit density per building, substantially enhancing the overall development yield potential.

This property offers the opportunity for immediate income-generation plus substantial expansion potential, representing a compelling investment opportunity in one of The Bahamas’ most desirable areas.