Nick Damianos Talks New Developments, Warm Weather Escapes

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Tell us about any new developments or business establishments in your market that you think might help attract potential buyers.

The $3.5 billion Baha Mar Resort & Casino at Cable Beach is scheduled to open at the end of this year. Baha Mar will feature the largest casino in the Caribbean, a Jack Nicklaus golf course and four hotel towers including the Mondrian, Rosewood, Grand Hyatt and the Baha Mar. Each tower will have a number of condo units available for sale with prices starting at $1.2M. We expect that the resort, which will have 2,500 rooms, will attract wealthy clientele from all over the globe. This project is going to have a huge economic impact, and we expect that it will significantly drive up real estate prices, particularly on the western side of Nassau.

Name the top two online or social media outlets you use most frequently when a new property becomes active. How do you use these sites to your advantage when advertising your listing?

Through our Sotheby’s International Realty platform, we are able to feed our listing directly to a bevy of high-exposure websites. These sites include NYTimes.com, WSJ.com, LuxuryRealEstate.com and Telegraph.co.uk, as well as the Sotheby’s International Realty global site and its specific “lifestyle” micro-sites.

With springtime now approaching, are there certain properties you expect to get more attention than others? How can sellers make their properties more marketable in the spring?

After a long and brutal winter in the northeastern U.S., we are seeing strong interest from northerners wanting to purchase a warm weather escape.

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