Buying vacation property abroad

Summers in Canada are associated with cottage life and living by the water -- it almost seems as though once we pay off one house, it's natural to invest in a lakeside property as well. But what happens when summer turns to winter? Few of us make the trek to our cottage homes, whether it's because of unplowed roads or non-winterized houses. While many of us do a few jaunts to sunny destinations throughout the snowy months, a growing number of Canadians are actually buying second properties abroad.


Chances are you haven't heard of Serenity Point -- that is, unless, you're familiar with the latest real estate development news circulating the Bahamas region. Here's the gist: in 1962, Canadian real estate investor Alexis Nihon travelled to the Bahamian island of Abaco and fell in love with it, purchasing large chunks of land. One section of land included a beach, several miles long, and has been virtually untapped ... until now. Alexis Nihon II, president of Anco Lands Ltd., and his son Alexis Nihon III are developing Serenity Point, a 40-acre gated community on Schooner Bay Beach.

The planned community is nothing short of fabulous -- buying a property here would make anyone feel like they are on an eternal vacation. So whether you're buying the land for a winter escape or as a retirement property, Serenity Point is a place of relaxation and island-living -- a nice departure from the hustle and bustle of the city.

Read on to get the inside scoop on Serenity Point, a case study for the best-of-the-best new developments in real estate properties in the lands of sun and sand.