Area: Cable Beach
Island: New Providence/Paradise Island
Listed Price: $5,188,000
Sale or Rent: For Sale Only
Property Type: Apartment Complex
Bedrooms: 12
Baths: 12
SqFt Total: 6500
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Units In Complex: 6
Exterior Finish: Finished Concrete
Bedrooms: 12
Baths: 12
SqFt Total: 6500
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Units In Complex: 6
Exterior Finish: Finished Concrete
Currency: BSD
Lot: 6
Lot SqFt: 15000
Restrictions: None
Year Built: 1970
Air Conditioning: Split
Foundation: Yes
Roof: Asphalt Shingle
Shared Amenities: Pool Outdoor||Secured Entry||Storage Unit||Beach
Lot: 6
Lot SqFt: 15000
Restrictions: None
Year Built: 1970
Air Conditioning: Split
Foundation: Yes
Roof: Asphalt Shingle
Shared Amenities: Pool Outdoor||Secured Entry||Storage Unit||Beach
Total Finished Floor Area: 6,500
Description: Introducing North Coast Apartments â a rare opportunity to own a fully stabilized, cash-flowing beachfront investment in the heart of Cable Beach, Nassau. Comprising six turnkey two-bedroom units, each professionally furnished and performing on Airbnb, this oceanfront property combines short-term rental performance with long-term capital appreciation. With a 7.4% cap rate, $385,000+ in annual NOI, and direct beach access, North Coast Apartments stands as one of the few multi-unit oceanfront assets trading in The Bahamas today. Nassauâs rental market continues to see record occupancy and nightly rates, driven by sustained tourism growth, new luxury developments, and investor appetite for branded, lifestyle assets. This is more than a property â itâs a proven income stream on one of the Caribbeanâs most valuable coastlines.
MLS Number: 62819
Date Modified: 10/08/2025
Listed by: Hideaways Real Estate