Friday, September 11, 2020

A Year After Hurricane Dorian & During Pandemic, Rotary International's Good Works in Grand Bahama Continue

Rotary District #6990 continues their "Service Above Self" projects helping rebuild Grand Bahama Island one year after Hurricane Dorian hit the island in a way that changed the lives of so many. 

The Friends of East Grand Bahama Fishermen came together recently with Rotary to help rebuild and provide new engines for those who lost their homes and boats on the east end of the island. The new boats and engines assist in restore the livelihoods of the fishermen and their families.

Rotary has been a consistent force in helping the Grand Bahama Island community continue with the relief work. Rotary keeps powering rebuilding projects on the island safely, even during the pandemic.

To donate to these good works and support the wonderful work Rotary 6990 is doing on Grand Bahama Island, here's the link to donate via The Robbins Fund:

Thursday, February 13, 2020

Good News for Grand Bahama Island: Grand Lucayan Hotel Deal Set to Transform Freeport

February 12, 2020
Tribune Business Editor

The prime minister's announcement of a March 2 closing date for the Grand Lucayan sale was last night hailed as "a game changer to transform Freeport from the bridesmaid into the bride".

James Sarles, principal of Coldwell Banker James Sarles Realty, told Tribune Business this was Freeport's "chance again" to fulfill its long-standing potential after Dr Hubert Minnis seemingly confirmed the deal with the Royal Caribbean/ITM joint venture was virtually complete.

The prime minister, in last night's national address, said the Heads of Agreement for the Grand Lucayan's sale will be signed in two-and-a-half weeks' time on March 2. "This project could mean approximately two to 3,000 jobs for Grand Bahama," Dr Minnis said.

"It will result in scores of jobs during reconstruction and development, and long-term employment, business and entrepreneurial opportunities for the residents of Grand Bahama."

Noting the uncertainty that has surrounded the Grand Lucayan negotiations, and the long wait for the deal to close, Mr Sarles said ITM/Royal Caribbean's plans needed to take effect "quickly, on time and as planned" and be accompanied by an airport rebuilt to "world class" standards.

He revealed that Grand Bahama real estate prices, already "in the doldrums", had slumped by a further 30-40 percent in some areas following Dorian. Together with Carnival's $200m cruise port project, Mr Sarles said ITM/Royal Caribbean's Holistica joint venture was vital to boosting the island's "exposure", attracting millions of new visitors, and creating the critical mass and economic activity that will stimulate his and other industries.

#"It'll be a game changer for us, especially with what has happened in the aftermath of Dorian. There's no doubt about that on paper," he told Tribune Business of the Grand Lucayan's imminent closing. "We've just been waiting and waiting and waiting for this deal to come to fruition.

#"We've always been the diamond in the rough, the bridesmaid and never the bride. We've never had the exposure. It's always seemed like we've taken two steps forward and three steps back. I'm optimistic that this is our chance again.

#"Royal Caribbean is a big player," Mr Sarles continued. "It's a time where we can all look and say: 'Let's hope this is a game changer so that Freeport can go from the bridesmaid to the bride'. We have the potential and everything going for us in terms of US proximity, beautiful beaches, low crime and so much land to be developed.

"We need other things to happen, like the Carnival cruise port. We've had the perfect storm, and now need the perfect recovery. It's a chance for us to reap the benefits and for Freeport to achieve its potential. We have long way to go because of the hurricane, and a lot of people need help."

Carnival provided a further boost for Freeport's long-struggling economy by yesterday revealing that it is doubling its investment in its cruise port facility to $200m, with construction set to start this summer subject to government approvals (see news for further details).

Mr Sarles, meanwhile, questioned whether Royal Caribbean plans to use Freeport as a "home port". This would potentially see hundreds of thousands of passengers fly into the city, and stay at the Grand Lucayan, before embarking on their cruises.

The cruise line and its ITM partner have given no indication that this is in their plans, though, which so far are focused mainly on transforming the Grand Lucayan and nearby Freeport Harbour into a water-based them park destination.

However, Mr Sarles echoed other Freeport businessmen and residents in urging the Government to rapidly follow through with plans to take over Grand Bahama International Airport's ownership and redevelopment from Hutchison Port Holdings and the Grand Bahama Port Authority (GBPA).

He added: "It would be very exciting for us if, in conjunction with this, the Government takes the airport away from the current owners; the people who are not doing anything. If they redevelop this airport as a world-class destination and attract millions of new visitors, they will be exposing Grand Bahama to the world and that will doubtless affect real estate prices.

"Prices are flat and in horrible shape because of the hurricane. It's a good time to buy for people buying right this second. As as soon as you make that announcement it creates some optimism and will doubtless affect prices as it makes those properties more desirable to sell.

"We need jobs, we need bodies. It all translates into trickle down, into tourists and visitors, life and new businesses. We cannot live without a major hotel here."

The Government acquired the Grand Lucayan from Hutchison Whampoa for $65m in September 2018, amid fears that the Hong Kong-based conglomerate would close the property - long seen as Freeport's 'anchor' resort - in a bid to stem operating losses running as high as $1.5m per month.

Hutchison Whampoa had also failed to reinvest the Hurricane Matthew insurance proceeds into repairing the resort, resulting in two of its three properties being shuttered. The Government eventually signed a Letter of Intent (LoI) with ITM/Royal Caribbean for the hotel's sale, and wider redevelopment, in March 2019 - meaning negotiations to close the deal will have taken almost one year.

The Holistica joint venture is to pay the same $65m purchase price that the Government gave to Hutchison, subject to normal due diligence and closing procedures. The Minnis administration has come under fire from its political opponents over the cost and financial risk that the Grand Lucayan deal has created for Bahamian taxpayers, with a further $16.1m outlay to be regularised in today's House of Assembly debate.

The constant subsidies required to cover the Grand Lucayan's operating losses will have likely taken the Government's exposure towards the $100m mark, but it will hope that the sale - combined with taxes generated on the back-end from economic activity under ITM/Royal Caribbean's ownership - will more than offset this.

The Government's own Fiscal Strategy Report, though, warned in November that a redeveloped Grand Lucayan and Freeport Harbour will not emerge overnight. Construction work will take around two years, meaning that the project's operational phase should probably launch in early 2022 - potentially just in time for when the next general election is called.

"The first phase of the project will feature a $195m initial investment, inclusive of the $65m resort purchase price, and will span over a 24-month period, providing 2,000 jobs," the Fiscal Strategy Report said.

"The project is poised to act as an economic stimulus to Grand Bahama, bringing approximately two million passengers annually to make use of the associated facilities, which will include a five-star hotel property, water-based family entertainment, as well as dining, gaming and other entertainment options.

"The additional cruise passengers will also present an opportunity for local vendors, taxi drivers, arts and crafts artisans and other souvenir businesses to benefit from increased sales."

Wednesday, September 25, 2019

Helping Grand Bahama - Update: Post Hurricane Dorian - Thank You & We Still Need You


​Dear Friends,

I want to personally thank EVERYONE who has been so supportive in the Dorian Hurricane Relief Efforts. With your help we were able to be the 1st Responders immediately after the Hurricane to help those in dire need.  We delivered water and supplies to so many that were in shock and suffered devastation from the Hurricane. I was able to support our Rotary Club Relief Efforts through your donations with cash on the ground to set up logistics for gas for delivery vehicles, security for warehouse, volunteer food, inflatable mattresses for shelters, blankets, pillows, gas stoves, generators water filters, tarps and more. There is still so much need on Grand Bahama. There are many Relief Organizations on the ground now and the government is taking an active role but we are still filling the gaps everywhere we can and our next important objective is to supply basic building materials for those who have lost so much and don't have the means to rebuild.  The hardest hit parts of the island were the East End, the downtown area and over the bridge. Unfortunately we now have a water crisis as our water table has been compromised with salt water by the 22 foot surge and is not healthy to drink. We are all doing what we can and with your help we will  keep working to make Grand Bahama Island Grand again!
If you want to continue to help me help others please send donations to PayPal:  ​Your generous donations will be put to good use.

Thank You so Much...

James Sarles

Wednesday, September 18, 2019

Helping Grand Bahama Island after Hurricane Dorian

Hurricane Dorian—the worst hurricane in history to impact The Bahamas—has devastated Grand Bahama Island and our neighboring Abaco islands and cays. Countless volunteers from the 5 Rotary Clubs of Grand Bahama Island, a valuable part of Rotary District 6990, are bringing relief to those who are in dire need in the aftermath of this unprecedented Category 5 storm.

We are beginning phase 2 of our operation and while we will continue to deliver food, toiletries, and medical supplies for immediate needs, we are preparing to obtain larger items to help rebuild the community. This included fans, generators, trucks, buses,
and building supplies.

Rotary International District 6990 has a non-profit fund, The Robbins Fund, which was established over twenty years ago to aid in Disaster Recovery Efforts.
Make your monetary contribution at the site below.

We are grateful for the international aid that is arriving and will need long-term help on the road to rebuilding this beautiful community of Grand Bahama Island that has also become a
beloved second home to so many around the world.

Thank you for donating to 

— James Sarles and family and staff
Coldwell Banker James Sarles Realty

Saturday, August 3, 2019

West End Grand Bahama Boutique Resort For Sale

Click HERE for video



Bootle Bay Villas currently operates as a vacation resort and now the resort AS IS is available for sale. The resort consists of Seven Villas on 5 acres with 200 feet of beachfront located in Bootle Bay, West End Grand Bahama Island—a mere 30 minute flight from West Palm Beach, Florida.

All cottages have ocean views and offer 1,350 square feet of living space which includes:   three bedrooms, two full bathrooms, full modern kitchen, wrap-around porches, and French doors.

All Cottages are turn-key and include washer/dryer, stove/ oven, dishwasher, refrigerator, gas grill, air conditioning, cable TV, and wireless internet.

Bootle Bay Villas features a pool and hot tub with beautiful sun deck, white sand beach and a magnificent coral reef just 100 feet offshore. Resort has 2 kayaks, paddleboard, snorkel gear, and beach volleyball court. The entire Resort  is offered Exclusively for sale by Coldwell Banker James Sarles Realty. 
 For more photos and information, click HERE or call Shelly Gardiner at 242-351-9081 or (242) 727-0944.

Coldwell Banker James Sarles Realty. The Grand Bahama Island Specialists.
James Sarles
104 Retail Street
Grand Lucayan Resort
Freeport, Grand Bahama Island
(242) 351-9081

Friday, July 19, 2019

Grand Bahama Canal Front Lots: SOLD!

We are pleased to announce that exclusive listings in Fortune Bay
(Sir Francis Point lots 45 & 46) are now sold.
Contact Nikolai Sarles at 242-727-8887
if you are looking to buy or sell a waterfront property.

Grand Bahama Island:
Incredibly Beautiful. Modern Infrastructure. Still Affordable.
68 miles from South Florida.

Saturday, July 6, 2019

Royal Caribbean Cruise Line and ITM Investing in Grand Bahama

to view video, click here.
Life in The Bahamas is getting better as Royal Caribbean Cruise Line and ITM invest in the Grand Lucayan project on Grand Bahama Island. Read the July 3, 2019 Travel Weekly article here.
Now is the time to buy in Grand Bahama Island, located only 66 miles from Palm Beach, Florida—especially if you like beaches, snorkeling, boating, world class fishing, scuba diving, golf, fine dining, close proximity to US, a tax free environment, relaxed lifestyle, business opportunity, and a great community of people.

James Sarles Realty has a variety of Real Estate property available, everything from vacant beach land to condos to deluxe single family homes. An example of condos on the beach with boat dockage for sale and rental is Bell Channel Club and Marina. For Bell Channel Club and Marina listings, click here.

Now is the time to invest in an island that has great opportunities with Royal Caribbean and ITM investing in the island.

FULL ARTICLE TRAVEL WEEKLY article by Tom Stieghorst 

Tuesday, July 2, 2019

Incredible Deal: Fortune Bay Home

Check out this amazing value at only $315,000 for a three-bedroom, two-bath Canal Home in a great Grand Bahama Island neighborhood on Sir Francis Point—just a quick stroll across the street to the beach!!

Click here for more photos and information on Listing # 37346. Call Nikolai Sarles at 242-727-8887 or 242-351-9081 to view this furnished home with dock and enclosed yard, right on the canal, and sooo close to the beach!

This incredible deal won't last long—make an offer today!! 

Wednesday, June 19, 2019

Beautiful Princess Isle Canal Home and Beachfront Lot Package: Amazing Value

High End Canal Home
Located in Gated Community
with 1.45 Acre Beach Lot Included



an upscale dream Island Home 
at an amazing price, 
just a mere 55 miles 
from South Florida?

Located in the highly-desirable gated community of Princess Isle on Grand Bahama Island, the lushly greenscaped grounds encompass both a 149 foot Canal Front lot and 136 foot Beach Front lot on the southern shore. Unbelievably-aqua ocean views. The approximately 2 acre beach/canal is complete with modern boat lift and deep water dockage. This two-story tropical paradise features tasteful and thoughtful furnishings throughout the 3 bedroom, 3.5 baths with 25 foot ceiling in the main living are. A large patio and gazebo, well-suited for elegantly relaxed entertaining, overlooks the water and pool. One would be hard pressed to find this unique combination of beautifully-maintained island home within a No Property Tax environment anywhere else for this price. With gorgeous views and a 1.45 acre beachfront lot with a free standing gazebo, this property is perfect for building a second home. Just a 30-minute flight from Miami and Fort Lauderdale, this distinctive opportunity is unmatched. Call Nikolai Sarles at 242-727-8887 for more information on a home and beach front lot that ticks all the boxes on making your ultimate dream island home a reality.

Click here for video footage of the home and island.

Click here for more photos and property listing details. 

GET IN TOUCH:  Follow Coldwell Banker James Sarles Realty on Facebook, Twitter, or Instagram to stay up to date on all the amazing opportunities for island homes and commercial real estate properties on Grand Bahama Island and throughout The Bahamas.

Sunday, May 20, 2018

Income Producing Rental Property with Boat Dockage in Lucaya

6 Three Bedroom 2,000 sq feet apartments fully furnished, turn-key. Good Return On Investment

Remember that dream of finding your own place in a beautiful unspoiled tropical paradise? Imagine that dream not only coming true, but also paying for itself as part of an income-generating property that features deep water dockage and easy ocean access to boating, fishing, and water sports year round in pristine waters a mere 68 convenient miles from South Florida.

Channel Bay Club is a private, well-situated complex of six three-bedroom townhouses along tranquil Bell Channel Bay. Just minutes away from the islands shopping and restaurant hub, Port Lucaya Marketplace and Marina, the combination of central location and at-home canal-front yacht and boat dockage makes this an unparalleled opportunity for an investor that knows a good thing when they see it.

These six 2,000 square foot 3-bedroom, 3-bath units are fully furnished turnkey and have large balconies and patios looking out over the private canal docks and swimming pool. Built to the highest European standards with solid oak stairs, and elegant tiled floors, each unit has fully-equipped kitchens with polished granite countertops and bar tops. A cabana for entertaining and barbecues overlooks the canal and lovely lush landscaping.

This peaceful gated property blooms with investment-savvy strategies with all the best of Grand Bahama Island nearby: world-class diving and snorkeling, a PGA-designed top flight golf course, pristine clear ocean waters, sandy white beaches, wide modern roads, state-of-the-art communication, a developer-friendly infrastructure of land and utilities, and a spirit of cooperation that makes the island a favorite amongst a great community of international winter second-home owners and warm, welcoming residents that can trace their history back multi-generations in this stable, English speaking country of 700 island and cays where the Bahamian dollar is on par with the US dollar.

Just off the coast of South Florida, this is a unique listing ideal for sharp-eyed business people and island boating lovers alike.

Contact James Sarles, Broker, Coldwell Banker James Sarles Realty for more information and a chance to see this top deal in person before this blissful home-away-from-home property in paradise is gone: 242-351-9081.

Friday, April 6, 2018

Blue Marlin Cove: Luxury Turn-Key-Ready Condos NOW in West End, Grand Bahama

Contact James Sarles at (242) 351-9081 or in the USA: (212) 655-5751
for more information on this unique opportunity to secure your own
tropical paradise home in West End, Grand Bahama Island.

Wednesday, February 28, 2018

10 Unit Income Producing Apartment Building In Lucaya with Boat Dockage Priced to Sell

10 Unit Income Producing Apartment Building

in Lucaya with Boat Dockage

Priced to sell at $925,000

Taino Gardens is an Excellent Income Producing Property in a prime area on the canal in Lucaya that is easily rented. Taino Gardens Condominium is situated in the Bell Channel Bay Subdivision and consists of 10 units. (Eight 1 bedroom 1 bath and Two 2 bedroom 2 baths). Spacious 1 bedroom apartments rent for $650 and 2 bedrooms rent for $1,200. The well-built apartment complex is located on Bell Channel deep water canal with over 108 feet of canal frontage with 8 boat slips with room to build additional slips. The property is situated on 2 multi-family high rise lots with opportunity to build a second building on the adjacent lot. The building amenities include swimming pool, private docks, ample parking, laundry facilities, and is directly across from Bahamas Adventure Beach. The apartment complex needs a bit of TLC but has great potential. With deep water dockage and a short walk to the beach,
Taino Gardens is just 10 minutes from downtown Freeport and 5 minutes from
Port Lucaya Marketplace, and the Grand Lucayan Hotel.
This 10 unit apartment building is very well priced for a sale in this Buyers Market.
Listed Exclusively by James Sarles.

For more information Click here

Wednesday, January 24, 2018

Amazing Opportunity at Bell Channel Club & Marina

This three bedroom, three bath, fully furnished condo is located in the beautiful Bell Channel Club and Marina directly on a private beach with spectacular ocean views on Grand Bahama Island.
Bell Channel Club and Marina has everything to offer from canal and ocean frontage,Coral Windows Hurricane Shutters, pool, tennis court, beach access and a fully furnished unit ready to move in.
The unit comes with a storage unit.
Just minutes away from Port Lucaya, restaurants, and shopping.
Offered Exclusively by Coldwell Banker James Sarles Realty for $350,000.

For more Info on this listing click here.

Grand Bahama Island is only 68 miles from South Florida—discover it for yourself!

Tuesday, September 27, 2016

Grand Beachfront Estate in Fortune Cay

This elegant beachfront estate is grand indeed and located in the exclusive private gated beach community of Fortune Cay, along the south shore of Grand Bahama Island. 

This Grand Estate is magnificent------consisting of a majestic main house which includes a full maid quarters and sits on a white sandy beach in the most private of settings. The entrance welcomes you with marble floors and mahogany woodwork which flows through the entire house. Interiors include powder room, kitchen with stainless and granite finishings, sumptuous dining room, office, living room, bedrooms (which include en-suite bathrooms), sitting room and wet bars. 

The second floor on one side consists of the master bedroom with ocean views, large walk-in closets and spacious bathroom. On the opposite side is the maids or quest quarters which consists of a full kitchen, living room, 2 bedrooms and bathrooms. Amenities include a 2 car garage, pool, outside dining area, and sitting area with a pit fireplace, tennis court and generator.
All inclusive with over 17,000 square feet of living space and more than 2.5 acres of lushly landscaped property with beautiful views of powder white sandy beach and serene ocean views. Each house has a separate drive way and full size pools.

The guest house is simple elegance-----entrance welcomes you with a full pool and ocean view through large windows and doors. This house is a mirror image of the main house.

Experience one of Grand Bahama Islands most unique beach front estates. This residence is situated on the south beach of Grand Bahama Island, on a picture perfect white sandy beach is elegant and comes complete with all of the amenities and ready-to-entertain features anyone could ask for! 

10 Bedrooms
10 Baths
Tennis Court
Enclosed Yard
2.62 acres of Lushly Landscaped Property
Condo Fees/Home Owners Fees


Listing ID: 8032 Click Here to View Video of this Stunning Property!

For more information, contact James Sarles, President, Caldwell Banker James Sarles Realty at 242-351-9081.

Monday, August 29, 2016

Pearl Bay Lucayan Waterway Canal Lot — All Offers Considered

Located on Black Pearl Close this prime canal lot is 43,000 square feet and boasts over 200 feet of deep water dockage. The lot is fully serviced and is an ideal lot to build the perfect canal home as it is only 10 minutes from the beach and 10 minutes from Port Lucaya Marketplace. The lot is valued at over $130,000 and this Motivated Seller is willing to consider ALL OFFERS. The owner must sell so this is an opportunity to get a fantastic deal.
 Contact Coldwell Banker James Sarles Realty for more information:
Click here for more information on this amazing opportunity.

Monday, August 15, 2016

Multi-Family Fortune Bay Lot for Sale


Call Nikolai Sarles to arrange a viewing now:  242.727.8887
More photos and information: click here.
Coldwell Banker James Sarles Realty

Monday, June 13, 2016

Suffolk Court: Luxury Waterfront Condos with Boat Slip Starting at $185,000

Suffolk Court: Luxury Waterfront Condos with Boat Slip—An Incredible Value!

Freeport, Grand Bahama - A Boaters Paradise awaits you at Suffolk Court, Now with New Reduced Prices!

Listing ID#2228

A private peninsula of luxury condos with beautiful ocean views, secure gated access, landscaped tropical gardens & direct access to the ocean. Located on the sleepy south side of Grand Bahama Island by Xanadu Beach, Suffolk court is paradise found.

Suffolk Court is designed in traditional island style with generously proportioned rooms. Condos range from one to four bedrooms with two dramatic penthouse per building. Prices starting from $185K – boat slip included. Only 60 miles form Florida.

Features secure gated entry, spacious decks and balconies, private marina with direct access to the sea. On-site facilities management with other features including heated pool and hot tub, energy efficient air-conditioning system. Units are professional designed with fully-outfitted furniture packages available. Kitchen appliances are included—washer dryer, self cleaning cooker, dishwasher, refrigerator and microwave oven. There is a 60 gallon quick recovery water heater.

  • 100% private peninsula with secure, gated entry
  • Spacious decks and balconies
  • Private marina with direct access to sea
  • On-site facilities management
  • Buoyant rental market
  • Fully-fitted furniture packages available
  • Free marina berth with every condo
  • Heated community pool & hot-tub
  • Energy efficient air-conditioning system
  • Professionally designed cabinetry
For more info visit or call Coldwell Banker James Sarles Realty
(242) 351-9081.

Tuesday, May 17, 2016

Beautiful Beachfront One Bedroom

This beautiful one bedroom condo sits in the gated complex of Bell Channel Club and Marina. With a new granite kitchen and island added, this unit is ready to go. Backyard views include lush landscaping along with the turquoise waters of Grand Bahama.