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Bahama Islands News, Articles and Information

Bahamas Realty wins award for best website

A leading international luxury market real estate association has voted Bahamas Realty website number one for 2006, ranking it top in a field of 1,100 members in a competition that included many of the world's most exclusive firms.

The honour, awarded in Chicago during the closing ceremony of the 11th Annual Luxury Real Estate Member-ship Conference, took Bahamas Realty CEO Larry Roberts by surprise.

"To win this award in a global arena in competition with the who's who of luxury real estate brokers and offices, to be singled out in this kind of exclusive high-end market competition, is really quite an honour," said Roberts, a second generation realtor whose father founded the firm in 1949.

Bahamas Realty was first to introduce web marketing as a sales tool for property in The Bahamas.



Bahamas Realty scores big

A leading international luxury market real estate association has voted a bright new Bahamas Realty website number one for 2006, ranking it top in a field of 1,100 members in a competition that included many of the world's most exclusive firms.

The honour, awarded in Chicago during the closing ceremony of the 11th Annual Luxury Real Estate Member-ship Conference, took Ba-hamas Realty CEO Larry Roberts by surprise.

"To win this award in a global arena in competition with the who's who of luxury real estate brokers and offices, to be singled out in this kind of exclusive high-end market competition, is really quite an honour," said Roberts, a second generation realtor whose father founded the firm in 1949. Bahamas Realty was first to introduce web marketing as a sales tool for property in The Bahamas.



Barry Bonds sells luxury home on Paradise Island for $11.5 million

NASSAU – San Francisco Giants' superstar Barry Bonds has sold his 5,700-square foot, beachfront Paradise Island home for $11.5 million, official records show.

The sale took place earlier this month and was handled by Mario Carey, managing director of Bahamas Realty.

"It's unfortunate to lose Barry as a resident of Ocean Club Estates, but he was on the road so much he was rarely here," Carey said. "Now after surgery to his left elbow, he has to focus on physical rehabilitation, leaving him even less time in the immediate future."

On the business side, Carey said the speed of the offer on his residence, which was very close to the asking price, reinforces "what we have been seeing in Paradise Island trends."

"While prices are beginning to soften in some markets in the U.S., including South Florida, Paradise Island and high-end properties are hotter than ever," Carey said.



Palm Beach County reports no Masilotti meddling on Posse land bid

Disgraced politician Tony Masilotti didn't exercise undue influence over a county land sale in which federal authorities say the former county commissioner had a hidden financial stake, according to a county staff report released Tuesday.

While Masilotti kept a close watch over the sale of a county-owned, 10-acre parcel -- dubbed the Posse property -- to his close friend and campaign contributor, Bruce Rendina, "nothing interfered with the fair and impartial evaluation of the proposals," according the report from the county's property and real estate management director, Ross Hering.

At the same time Masilotti intervened on Rendina's behalf after the bidding ended, the ex-commissioner was taking numerous free plane rides to the Bahamas and elsewhere from Rendina without disclosing the gifts, according to the U.S.