DEEP WATER CAY, The Bahamas, Friday September 23, 2016 – Anyone who has ever dreamed of owning a private island – and has the big bucks to actually make the purchase – actually now has a chance. The world renowned sport fishing Deep Water Cay resort in the Bahamas is up for grabs.
Located in the heart of the East Grand Bahama National Park and only 120 miles from Palm Beach, Florida, the 91-acre resort has been brought to market by Colliers International Hotels Group.
The resort comes with an opportunity to add luxurious overwater bungalows perched above the turquoise, crystal clear water of the Bahamas. The island also comes with more than 48 private, oceanfront residence lots to be developed.
Founded in 1958 by two fishing legends, Palm Beach guide Gil Drake Sr. and “Field & Stream” editor A.J. McClane, the boutique fishing lodge resort has earned recognition as a popular sport fishing destination. Featured on seven episodes of Outdoor Channel’s Buccaneers & Bones, the resort also draws an impressive guestbook of visitors, ranging from celebrities and business executives to discerning guests passionate about the sport of fishing.
“It’s already an extraordinary property today but the opportunity for development is huge,” said Colliers International South Florida Broker Rich Lillis, who is marketing the asset on behalf of Deep Water Cay Holdings, LTD. “It’s almost an extension to the South Florida fishing and tourism communities, just a short 40-minute flight away.”
Deep Water Cay Holdings, LTD acquired the Resort in 2009 and has invested more than US$18 million in improvements.
“The vision for the property is two luxury resorts, one with overwater bungalows and partial overwater spa and the other as Fisherman’s Village Resort,” explained Kent Schwarz of Colliers International Hotels who is also marketing the property with Lillis. “Key Approvals in Principle are in place and a Heads of Agreement is being finalized that will allow the transfer of these approvals to new ownership.”