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    The Most Expensive Home in The Bahamas Just Sold for a Record $40 Million

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    Aspara, an ultra-opulent oceanfront mansion in The Bahamas, just traded hands for a record $39.49 million. Located within the exclusive Old Fort Bay community, the palatial estate marks the priciest residential sale publicly promoted on the island, according to Matthew Marco of BOND Bahamas, who represented both sides of the deal.  

    “Apsara is truly a one-of-a-kind gem, not only in The Bahamas but also in the entirety of the Caribbean,” said Marco in a press statement. “Having a stunningly designed and constructed estate with both oceanfront and canalfront access points, all while being located in the coveted and private Old Fort Bay enclave, Apsara is nothing short of the highest standard of luxury living.” 

    The oceanfront estate known as Aspara just set a real estate sales record in the Bahamas.

    Courtesy of BOND Bahamas

    The previous record was reportedly set in 2021 when country superstars Tim McGraw and Faith Hill offloaded their idyllic 20-acre private island, L’île d’Anges, aka Goat Cay, for a cool $35 million. 

    “Over the past few years, we’ve seen an uptick in high-profile, high-net-worth individuals looking for truly one-of-a-kind trophy residences across The Bahamas,” added Marco. “The sheer geographic constraints of the island only allow for so many waterfront residences like Apsara, making these exclusive Bahamian properties so coveted that their sale prices are now matching those of the largest U.S. markets.” 

    The original listing for Aspara touted its 150 feet of turquoise waterfront along with 150 feet of canal frontage, plus a private dock and boat lifts. The abode itself measures a whopping 14,000 square feet and features eight bedrooms and 10 full bathrooms.  

    A spacious loggia overlooks the swimming pool and ocean.

    Courtesy of BOND Bahamas

    The posh pad has a contemporary flair to it with a slew of amenities, including a state-of-the-art fitness center, a steam room, an elevator, and an 876-bottle glass-enclosed wine cellar. There’s also a custom gourmet chef’s kitchen for indoor entertaining, as well as a sunken dining area for alfresco meals. The home wraps around a lush interior courtyard and is lined with walls of glass that open up to sunny terraces, sprawling loggias, and a massive infinity pool. From here, you can walk down to your own private sandy beach. 

    “The Bahamas truly has everything a high-net-worth individual would look for in a luxury beachside residence,” added Marco. “The warmth of the people, the sophisticated infrastructure, the banking capabilities, the tax incentives, the gracious privacy, the stable government, and, of course, the most beautiful natural landscape in the world, all make the Bahamas a smart investment.” 

    Click here to see more photos of Aspara.

    Courtesy of BOND Bahamas

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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      in Vacation Homes

      Luxury Homebuyers Are Moving to This Affluent Arizona Suburb in Droves. Here’s Why.

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      Can’t handle the cold, but love the heat? This affluent Arizona suburb, where winters are dry and temperate and summertime temps average over 100 degrees, has become one of the hottest housing markets in the U.S. Sun Belt. 

      Paradise Valley, the Grand Canyon State’s wealthiest ZIP code, has blown up in recent years with deep-pocketed newcomers relocating from out of state to the exclusive desert and mountain enclave. At the end of 2023, the median sale price in the scenic community clocked in at $2.8 million, a whopping 14-plus percent increase from the year prior, according to Realtor.com. “This is a newer area, so it’s not like you have a lot of 1800s and 1900s homes,” Robert Joffe, founder and associate broker of the Joffe Group, told Mansion Global. “There’s a huge allure to this area in Arizona. People are flocking in from all over the country to buy homes here.”  

      The town of not quite 13,000 residents, which sits in between Phoenix and Scottsdale, has specifically attracted a crop of West Coast transplants, mainly from Los Angeles, San Francisco, and Seattle. Long favored by politicians like Barry Goldwater and Dan Quayle, Paradise Valley also counts Stevie Nicks, Muhammad Ali, Michael Phelps, and Campbell Soup heir Bennett Dorrance among its most notable past and present residents. 

      The unbuilt Palo Cristi Estate is listed for $75 million, the most expensive home for sale in Paradise Valley.

      Hersh24K Luxury Properties; Realty One Group

      Other than year-round warm weather (some might call it darn-right hot!), favorable taxes, upscale shopping, and thriving golf and restaurant scenes, other factors that make Paradise Valley particularly attractive to deep-pocketed snowbirds and full-time residents alike include its slew of luxury residential properties.

      Currently, the most expensive home in Arizona is a 2.3-acre compound in Paradise Valley’s southwestern corner. Priced at a whopping $75 million, the abode—dubbed Palo Cristi Estate—is slated for completion in 2027. When all is said and done, the vast residence will comprise 33,000 square feet. The eight-bedroom home’s laundry list of luxuries will include an art gallery, a bowling alley, a shooting range, a recording studio, and a movie theater. Plus, the grounds will feature two swimming pools, a lazy river, and two garages that can store up to 14 vehicles. 

      Serenity Heights, which will be completed in 2027, is on the market for $29 million.

      Ivan Shongov

      Many of the estates in Paradise Valley span one acre or more, and many sport stunning mountain view. In the exclusive, guard-gated Clearwater Hills enclave, homes can range from 8,000 to 18,000 square feet and cost anywhere from $20 million to $30 million. One of the enclave’s not-yet-built homes, listed for $29 million, is Serenity Heights. The not-yet-built mansion, to be completed in 2027, will sit on 11 acres atop the area’s highest view lot. In addition to a 16,000-square-foot, boomerang-shaped main house, the hillside spread will be decked out with a glass-bottom pool that cantilevers over the desert, plus a 10-person hot tub, a 3,000-bottle wine cellar, and a fitness center. 

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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