New developers bring 12-year-old Abaco development to life

A 12-year-old luxury development in Abaco has been revived by SBR Ultra Lux after investors purchased 40 acres of land this year and immediately set to work reviving a 10-year-old dream, according to a development statement. did.

The statement added that the clubhouse and first home will come out of the ground in early 2023.

According to a statement, the owners said they have already started selling a development called Serenity Beach Resort as part of the first phase of the development, which includes 24 lots priced between $580,000 and $2.5 million. I’m here.

The owner purchased the unfinished development from a family who had dreamed of seeing a luxury development called Serenity Point come to life, the statement explained.

However, the family stopped development after its previous owner, Alexis Nihon, passed away in 2013.

SBR owners Mark Hawn and Brett Babick are seasoned developers who plan to bring the luxury development to life.

“Our company develops and owns a community on a ranch in Belt Creek, Montana. We were looking for opportunities in the Bahamas,” says Hawn.

“Belt Creek Ranch has a ownership and rental model that we believe fits well in the Caribbean.

“With 3,000 feet of tropical beachfront on two miles of pristine bay, this property was exactly what we were looking for in terms of the perfect location for our development.

“Belt Creek’s ranch is proving to be a large market for those looking for an intimate getaway away from the crowds, and we are

We believe this will translate well into Serenity Beach. “

Half of the development already has infrastructure in place, and it’s part of the first phase, which includes seven oceanfront lots, according to a statement.

Horn said the community will be upscale in its look and feel, with homes built in the Cycladic style, like those found in Greece.

“Residential sizes are expected to range from 1,500 square feet to 4,000 square feet,” the statement said.

“All the houses follow the Cycladic architectural style that is synonymous with Santorini, Greece.

“SBR partnered with renowned Caribbean architect Donald Dean to design all of the homes and facilities on the site, with Freeport-based Greg Farrington and Entec Building Systems responsible for all construction.

“Completed home prices are expected to range from $350 to $450 per square foot.”

The statement adds that engineering has already begun on infrastructure work on the remaining 20 acres of development. These works will begin in Phase 2 in late 2023.

“Once completed, Serenity Beach will feature a beach club, clubhouse, restaurant, double infinity edge pool and hotel suites,” the statement said.

“People who buy plots and build homes can choose to keep them as private residences or participate in a rental program run by SBR.”

Babick adds:

“We will be able to build experiences based on what owners and guests want, from having a private chef in the house, to fishing expeditions, to setting up private beach outings.” New developers bring 12-year-old Abaco development to life

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