Brennan Custom Homes, Inc. and Sterling Financial joined forces to develop a handful of luxury villas in the Bahamas. These villas are designed to meet the 21st Century lifestyle and financial needs of high-level executives, diplomats, and entrepreneurs. The homes offer many strategic advantages. They provide residents with the much-desired security and privacy that Paradise Island can offer. MMD Realty is the exclusive real estate listing agent for the villas.
Brennan Custom Homes and Sterling Financial have enlisted the help of Michelle Farber Ross, Managing Partner of MMD Realty to sell the properties globally. With a direct reach to global high net worth individuals, Ross will market the properties to diplomats, C-level executives and leverage her Toronto marketing office to present to Bay Street financial executives who can benefit from the tax benefits. Ross explains, “I am honored to work with Brennan Custom Homes and Sterling Financial on selling the remaining three villas. The properties are stunning and far exceed the typical product found in the area. Brennan Custom Homes has really outdone themselves.”
There are only two harbor side villas and one beach villa still available for purchase starting in the low U.S.$8Ms. The spacious 4-bedroom homes offer luxury finishes, state-of-the-art design, private pool, concierge, water taxi service with a dedicated boat and a full-time security/boat captain. With Miami, just 40-minutes by plane, residents can enjoy the conveniences and the resources of close proximity to a major international city. These turn-key properties are perfect for the busy executive who wants a secure refuge with easy access to an international airport and U.S. city. The restaurants and shops of Paradise Island are also easily accessible.
The benefits of owning property in the Bahamas extends beyond privacy and security. Foreigners who own property and become Bahamas residents can also benefit financially in a number of ways. Investors who purchase a home valued at U.S.$1.5 million or more are eligible for accelerated residency in the Bahamas. The many financial benefits include no income tax, capital gains tax, or inheritance tax. In addition, the country holds a high regard for protecting the personal privacy of its residents. There are several options for foreigners to establish transparent residency. The security and financial advantages of owning property in the Bahamas makes it one of the world’s foremost safe havens.
Michelle Farber Ross founded MMD Realty LLC in 2011. A dynamic force in the South Florida real estate community, she joined forces with NFL legend Dan Marino to create this company. MMD Realty specializes in luxury properties, waterfront estates, unique condos and exclusive pre-constructions in Fort Lauderdale, Palm Beach, Boca Raton, Miami Beach, Weston and the surrounding communities. MMD Realty also manages commercial acquisitions and multi-family investments representing public and private interests in both domestic and international property markets.
Joe Brennan has been designing and building custom homes and condominiums for 35 years in Canada, US and Bahamas. With offices in Toronto and Palm Beach, Florida, the Brennan Team focuses on both traditional and contemporary design. The Brennan Companies have designed and built hundreds of custom homes ranging in price from U.S.$5m to over U.S.$50m.
Sterling Global Financial is an integrated banking and financial services provider with headquarters on East Bay Street in Nassau, Bahamas. Along with its trust services based in Cayman, Sterling has more than U.S.$9 billion in assets under administration and some 1,500-plus clients. In May 2016, the company launched Sterling Bank & Trust, now allowing full private banking capability to meet the needs of a highly sophisticated client base.