One Ocean 5-5.5 Bdrm Penthouse

Paradise Island, Paradise Island, Bahamas

Property ID: #126777 // RESIDENTIAL
6,419 ft²
- acres
5 beds
5 baths
  • Title
    One Ocean 5-5.5 Bdrm Penthouse
  • City
    Paradise Island
  • State
    Paradise Island
  • Country
    Bahamas
  • Property Type
    Residential
  • Additional Types
    Condo, Home, Luxury, Residential
  • Beds
    5
  • Full Baths
    5.00
  • Square Feet
    6,419
PROPERTY INFORMATION

One Ocean Bahamas waterfront real estate is ideally situated on Nassau Harbour, Bahamas, between Atlantis, Ocean Club, and One&Only Resort. Nassau’s rising sweet spot, One Ocean is the tallest residential building on Paradise Island. Lavish penthouses crown Paradise Island’s tallest residential building, with interiors designed to celebrate these ocean panoramas and bathe the space in sunlight. Living and dining rooms flow into large terraces looking over the pageantry of sunsets, sailboats, and uninterrupted water views.

Arrive at your penthouse residence by direct elevator. Bedrooms are on the main floor, and a transparent staircase leads to the expensive indoor-outdoor living spaces on the upper level. Frameless glass railings on loft-level balconies provide uninterrupted views of yachts setting sail for distant islands. With seamless interplay between indoors and outdoors - where does on begin and the other end? Glass walls slide out of the way to blur the distinction between the two. Floor-to-ceiling windows pull sunlight into the residence. Italian kitchens set the stage for performance, with premium appliances from Wolfe, Bosch, and Sub-Zero. Spacious islands invite guests to gather at the bar before dinner. Bathrooms are drenched in light and luxury: quartz countertops, Kohler fixtures, and oversized double-sink cabinets. Island style is simple yet refined, with tactile, natural materials evoking the soft neutrals of sand, seashell, and driftwood. Equipped with 5-5.5 (.5 is considered a den) bedrooms, these penthouses range from 6,419-6,800sf with pricing from $4,790,000-$4,990,000, to fit all of your needs. HOA fees apply.

5 Reasons to Buy

  1. No Better Location
  2. Accessible - So You’ll Visit Often
  3. Developed by Destination Resort Specialists
  4. Exceptional Value
  5. Great Timing

Property Buying Tips

So you’ve decided to buy! Congrats, that’s great!
Here are some great tips to get you on your way to ownership.

1. Determine Your Budget & Save

Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?

2. Secure a Loan

Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.

3. Be Prepared

Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.

4. Stay Informed

Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.

Traditional Sale
List Price:
$4,790,000

By placing an offer, you are agreeing to the terms & conditions of the traditional sales process.

Wondering how the traditional sales process works? Click here.

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Agent Contact & Showing Info
  • Dexter Avney
  • R.E. Properties Caribbean
Financing

Please contact your local lender