News at Shoreline.

Shoreline Announces New Luxury Amenities

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CONTACT: Jennifer Nesci Cotton & Company 772-287-6612 x 114 Jennifer@Cottonco.Com

Shoreline Announces New Luxury Amenities

Grand Bahama Development Lures Buyers with More Luxury Features
Shoreline Amenities Rival Any Found in Islands – or Stateside

GRAND BAHAMA ISLAND, The Bahamas, May 1, 2005 – Second-home buyers and investors alike often seek amenities in prospective properties that will both add to their vacation lifestyle and lure future buyers. Features at Bahamas-based Shoreline promise to entice both.

Half of the 76 homes planned for the tropical island barely 50 miles off the coast of South Florida already have taken occupancy. Those currently living at Shoreline enjoy richly appointed, single-family residences offering luxury living – and the amenities to match discerning buyers' lifestyle and personal tastes. The community features such amenities as six lagoon-style pools, an infinity pool set aside a restaurant and tapas bar pavilion with breathtaking views overlooking white sandy beaches and turquoise Caribbean water. Additional amenities to be completed by year's end include tennis courts, a lap swimming pool, club house, lakefront park, and a beautified beach vista with new landscaping.

"Our extensive consumer research has shown that buyers looking for secondary or vacation homes expect a greater level of features and 'special touches' that they might get on their primary homes," said Keith Jervis, Shoreline's Director of Sales. "Our homes and community is created to deliver exactly what affluent buyers expect."

Shoreline is located minutes from Port Lucaya and its golfing, shopping and nightlife. Even the homes themselves offer amenity-rich touches. The 10 home styles range from picturesque Key West seacoast homes to styles common to the Caribbean and Key West. And with home prices ranging from $680,000 to more than $2.5 million for 2,800 to 4,500 square feet, price-sensitive U.S. buyers will find value often unattainable in the States.

Lifestyle enhancements aren't all that Shoreline has addressed. Among features the savvy vacation or speculative home-buyer would appreciate are the Bahamas lack of property taxes, fee-simple purchase, easy transfer of title, no stamp duty and even a home-owner association covenant and agreement styled after those U.S. home owners might already be familiar with – and a competitive $300 monthly fee. Also available is full rebuild, hurricane and contents insurance. Prospective buyers can even reside in a guest home on site while touring Shoreline.

Studies show Shoreline has tapped a hot and emerging market. U.S. sales of second and vacation homes surged to 2.82 million properties in 2004, up 16.3% from the year prior, noted the National Association of Realtors (NAR). Vacation homes accounted for 13 percent of all homes purchased, and investment property accounted for 23 percent, combining for more than one-third of all residential transactions, NAR reported.

For more information on Shoreline, call me at 561-703-5159 or visit www.ShorelineBahamas.com

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