Paul D Thompson has 11 years of combined experience in Luxury Real Estate Sales. He is a full-time Luxury Real Estate Advisor on Elbow Cay, providing in-depth knowledge of all the properties he represents. He is dedicated to excellence in every facet of business and his personal life.
Paul’s in-depth knowledge of Hope Town, Abaco has been enhanced by the historic lineage and knowledge of his wife’s family. He is dedicated to excellence and customer service due to his extensive experience in providing hospitality from the heart for 37 years.
What is the particular property that you are presenting?
K.J’s Landing, Dorros Cove, Elbow Cay, Abaco.
What is special/unique about the subject property?
This home is constructed from 100 tons of South American hardwood called “Massaranduba Wood” one of the hardest woods in the world. The property is located in the “Dorros Cove” subdivision on Elbow Cay with views of the Atlantic Ocean. Also, it has a dock slip space on the Sea of Abaco side for boats up to 35 feet in length.
How is the specific property affected now due to circumstances? What is positive about it?
Hurricane Dorian damaged the Westside but is certainly repairable. The price was $850,000 prior to the hurricane and is now $485,000.
Why do you still recommend this subject property despite circumstances?
The 20,000 sq.ft lot was not flooded during the hurricane. The house with its large lot, the infrastructure, and home is now priced below value so it is a great investment opportunity.
What is the future of this area later in the year/next year?
Elbow Cay has developed a niche market that truly enjoys the lifestyle of Hope Town and the Cay and they wish to preserve this unique setting. Friends of property owners come and visit then wish to buy thus new sales are ignited continually”
As demand keeps increasing the value of all properties continues to rise especially in the well-structured sub-divisions like K.J’s Landing is located in.
Read our Elbow Cay market insight for more information and data.
What are your specific market insight based on your specialty knowledge for this property as far as moving forward and the vision you see for the maximum potential of the subject?
Dorros Cove is a well planned and laid sub-division with new concrete streets installed prior to the hurricane in the area of the property. There are properties in this subdivision valued as high as $4,000,000 and it is well established as sought after subdivision by discriminating buyers.
What should people watch out for or look for in order to make a very informed decision that suits their best interests?
The value of homes in this subdivision, with a great level of distinguished international neighbours.
How can you show it or promote it to clients?
Our global network allows us to share it with qualified international buyers through our shops’ cross-selling programs around the World. It is also on our website and exposed to 4 billion potential viewers. With our integrated tools, I can show it virtually.
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