Coconut Grove Estate: Bahamas Development Opportunity

Lucía Torres · 2026-06-04

Imagine waking up to the turquoise waters of Tahiti Beach. That's the daily reality at Coconut Grove Estate on Elbow Cay in the Bahamas. This property isn't just a home. It's a rare chance to own a slice of paradise with serious development potential. The estate spans over 3 acres from the hillside down to the shore. You get a 4,000-square-foot main residence plus seven separate lots. That's right. Seven lots. It's perfect for someone who wants a private retreat and a smart investment. ### What Makes This Property Special Let's talk about the main house first. It's got three bedrooms spread across two guest buildings. Both buildings face a sparkling pool at the center. Beyond that pool, you see the endless waters of Elbow Cay. The inside is classic coastal style. White oak floors. Whitewashed walls. French doors that let in the salt-tinged air. It's a blank canvas. You can decorate it however you want. Outside, the property rolls down a path through a grove of palm trees. That path leads to 260 feet of private, soft white sand on Tahiti Beach. It's incredibly private. You won't have to share this beach with anyone.  ### The Development Opportunity Now here's where it gets interesting for developers. The land includes: - Five elevated lots covering about 2 acres - Two beachfront lots just under 1 acre - A 100,000-gallon cistern - A prepared foundation for a future main home - Land set aside for a tennis or pickleball court Plus, you get two 40-foot dock slips at nearby Dorros Cove Marina. That means easy access for your yacht or deep-sea fishing trips. You can literally step off your boat and be home in minutes. ### Why This Matters for Investors This isn't just a beautiful property. It's a smart business move. The Bahamas luxury market is strong. Buyers are looking for unique, private estates with development potential. Coconut Grove delivers on both fronts. You get the main residence ready to live in or rent out. Then you have the flexibility to develop the lots as you see fit. Build custom homes. Sell individual lots. Create a boutique resort. The options are wide open. ### The Bottom Line Coconut Grove Estate is more than a home. It's a legacy property ready for its next adventure. Whether you want a private family compound or a development project, this estate has it all. Privacy. Beach access. Marina slips. And room to grow. To learn more, contact Scott Ferguson, James Galantis, or Bianca Galantis at The Agency Bahamas. They can walk you through every detail and help you see the full potential of this incredible property. This is one of those rare opportunities that doesn't come around often. If you're serious about Bahamas real estate, you owe it to yourself to take a look.