G3 Auctions has announced a major luxury real estate auction event focusing on prime Caribbean properties and a sailing yacht. The "Tropical Getaway Summer Auction Event" showcases an impressive array of high-end properties across several Caribbean destinations, with original list prices ranging from $9 million to $80 million.
The auction lineup includes eight homes in St. Barts, two private islands in The Bahamas, two homes in the Dominican Republic, one home in the Cayman Islands, and a 127-foot luxury sailing yacht. Guy Masters, president of G3 Auctions, emphasized the exceptional nature of this event, noting that it took over seven months to organize and offers buyers unprecedented opportunities with minimum bids up to 64% off original prices.
A standout property in the auction is Villa NEO in St. Barts, an ultra-contemporary dream home valued at $80 million and commanding $50,000 per night as a rental. It has been voted the best private villa on the island. The auction also features two private islands in the Exuma chain of The Bahamas, one estimated at 450 acres and another at 236 acres with existing accommodations.
Other notable properties include the Balaji Palace in the Dominican Republic, a 15-bedroom beachfront estate suitable for use as a boutique hotel or private residence, and Parthenope, a 45,000-square-foot villa in the renowned Cap Cana community. The Cayman Islands is represented by a newly constructed 11-bedroom luxury beachfront home.
The auction event is scheduled to conclude between August 9th and August 31st, depending on the specific property. G3 Auctions has partnered with several prominent Caribbean real estate brokers to facilitate this event, including Janet & Chris Lando Cretin of Kretz Family Real Estate for St. Barts properties, Harriet Lott of Ten Sails and Shanice Ebanks of Provenance Properties for Cayman Islands listings, Auburn Lucas of Christie's International Real Estate for Dominican Republic properties, and Matthew Mitchell of Treasure Real Estate and Tommy Febbraio of Berkshire Hathaway New England Properties for Bahamas offerings.
This auction represents a unique opportunity for luxury real estate investors and enthusiasts to acquire some of the most desirable properties in the Caribbean at potentially significant discounts. The inclusion of a luxury yacht adds an extra dimension to the offerings, appealing to those interested in both land and sea-based luxury assets.
The diverse range of properties and locations featured in this auction highlights the continued appeal of the Caribbean as a destination for high-end real estate investment. From private islands to ultra-luxury villas, the auction catalog caters to various preferences within the luxury market segment.
