BIMINI - The National Association of Realtors reported in April 2008 that “12 percent of all existing home sales in 2007 were not primary residences; they were instead vacation homes.” Due to rising condominium and loan fees, this market condition has proven that optional rental program vacation home investments are more desirable and allows projects like Bimini Bay Resort and Marina to continue enjoying growth in a market that is otherwise experiencing a large downturn.

As the first quarter of 2008 nears an end, Bimini Bay has a number of closings on homes, condominiums and slips in the new Mega Yacht Marina. The resort community is also moving forward with an additional section of condominiums as overseas real estate continues to position itself as a wise investment for long term profit and enjoyment.

“We are working with a niche market where our clients are comfortable purchasing more than one home and continue to see appreciation in vacation destinations such as the Bahamas,” stated Jonathan Spektor, director of sales and marketing for Bimini Bay Resort and Marina real estate. This type of clientele will contribute to economic growth and drive a rise in second home purchases.”

According to the 2007 Investment and Vacation Home Buyers Survey, In terms of location, “last year nearly 20 percent of vacation homes were purchased at resorts; if this trend holds up, it will also mean that about 600,000 second homes will be sold this year.”
“These types of results are positive indicators for developers like Bimini Bay Resort,” continued Spektor. “Along with residents from the Northeast, many people from Europe and Canada are also finding that now is the time to invest in real estate as the vacation home market forecasts a promising future.”

Bimini Bay Resort currently offers a variety of second home options: Condominiums begin at $300,000 while oceanfront estate lots are available from $1,200,000. Bimini Bay also offers investment opportunities on its private island with lot sizes ranging from approximately 9,483 sq. ft. to 16,244 sq. ft. and prices beginning at $770,000. Marina slips are also available for sale ranging from 40 ft. - 200 ft. in length. For more information, please visit www.biminibayresort.com or call 305-513-0506

Grand Bahama – Thanks to two very generous corporate sponsors the residents at the Grand Bahama Children’s Home received an extra Easter gift this holiday. Last week the children at the home were treated to an Easter egg hunt courtesy of the staff at Old Bahama Bay by Ginn sur Mer with transportation to West End provided by Forbes Travel Agency.

“We are very grateful for the experience. The drive out to Old Bahama Bay gave the children an opportunity to see some of the new development going on in the West End district,” said Mrs. Patrice Mack, Home Administrator. “The kids also enjoyed all the treats that were prepared and the staff was ready and eager to receive us.”

Anneka Ferguson, Assistant Director, Guest Activities, Old Bahama Bay by Ginn sur Mer, was instrumental in organizing the event along with the staff from the home. “We are always pleased to help the community but helping these kids is even more special,” she added. “Today was truly delightful for the kids and us!” Ferguson coordinated the Easter egg hunt along with Sarah Kirkby of the GBCH Committee and Caron Smith, Assistant Administrator of the home.

Once on property the kids were treated to an Easter Egg Hunt which all of the children ages 2 – 12 were able to participate in. The Administrators and staff chaperones happily assisted the younger children search for the hidden Easter eggs and joined in the fun. When the hunt was complete, the children had their faces painted, enjoyed ice-cold lemonade and had their fill of delicious home-made cookies, compliments of Old Bahama Bay. The afternoon ended with a surprise visit by the Easter Bunny who delighted the children with candies and playful antics and entertainment, he also posed for photos with the children.

“The Children’s home was in need of a location to hold their annual Easter egg hunt,” commented Mr. Van Bergen, Vice President & General Manager, Ginn sur Mer, “Old Bahama Bay was more than happy to invite the children to the West End to enjoy their Easter traditions and see our beautiful resort. It’s a gorgeous location with plenty of beautiful lawns, gardens, and beaches – perfect for an Easter egg hunt today. And we are so pleased to be a part of this special day for the children.”

The Home, Committee and children wanted to extend their special thanks to Old Bahama Bay and Forbes Travel Agency, “it was a great trip and a unique opportunity for us – not everyone get’s to Easter egg hunt at a five star location,” noted Caron Smith “We have had such a great day and the kids are so happy!”

BIMINI, Bahamas – The month of April may be known to fool many, but Bimini Bay Resort is serious about this offer. Those looking for a last-minute April Bahamas getaway may take advantage of 40 percent in savings for travel valid through May 7th, 2008.

Bimini Bay Resort is offering an exclusive special at $245 per room per night, representing 40 percent off for a last-minute April getaway. Travelers have the choice of either a two-bedroom luxury suite (sleeps six) or a one-bedroom, two-story treehouse (sleeps four), including full kitchens and stunning water views. This offer also includes breakfast daily at the resort’s signature restaurant Casa Lyon overlooking the Atlantic Ocean. Situated just 48 miles off the coast of South Florida, this Bahamian getaway is just a short jaunt overseas and can be reached in 15 minutes by air from Ft. Lauderdale/Hollywood International Airport.

Bimini Bay Resort offers an array of first-class amenities for its guests including an infinity-edge pool overlooking the Atlantic Ocean, two restaurants, massage services, two full-service marinas, business center, fitness center and a trolley system to assist guests in getting around the resort. A retreat to Bimini is not only convenient but also unforgettable with unrivaled fishing, beautiful white sandy beaches and some of the best diving and snorkeling in the Caribbean. Other activities may include a visit to historical sites and the local market for a taste of the traditions of Bimini.

Gulfstream Air, operated by Continental Airlines, offers convenient daily service from Ft. Lauderdale/Hollywood International Airport. Bimini Island Air (BIA) offers daily flights from Ft. Lauderdale Executive Airport and adds more flights based on demand. To book this package, call the resort at (242) 347-2900 or visit www.biminibayresort.com; booking code is April Special.