Living in Cable BeachIyna Bort Caruso
Cable Beach on New Providence Island in the Bahamas was named for a historic event, the laying of the first underwater telegraph cable from Florida to the Bahamas more than a century ago. That event is now a footnote. It’s the beaches with their quintessential Caribbean powder-soft, white sands that attract international crowds. It’s no wonder why this long stretch is sometimes referred to as the Bahamian Riviera.
The New York Times wrote: “If the goal is reaching the most pristine aquamarine ocean water in the least amount of time, it’s difficult to top Cable Beach.”
It’s less than an hour’s flight from Miami to get here. Cable Beach is situated between the principal international airport and Nassau, the capital city of the Bahamas as well as its commercial hub. Traveling from airport to destination is a matter of minutes.
New Providence has the lion’s share of the nation’s population at roughly 70 percent and almost the same percentage of total Bahamian tourists, making it the starting point and end point for most visitors. Yet beaches at the luxury resort of Cable Beach are relatively crowd-free and laid back despite the fact that shopping, restaurants, bars, water sports, gaming and golf are all within reach.
The stable economy has made the Bahamas in general and Cable Beach in particular an attractive investment spot for property buyers, especially Americans and Canadians for its easy-to-reach location. Those applying for permanent residency can benefit from significant tax advantages. No income, inheritance, capital gains or corporate taxes are levied here.
Cable Beach offers real estate investors gated communities of townhomes and condominiums as well as sumptuous private estates, both on the beach and overlooking it. The area’s popularity as a top vacation spot also translates into rental income potential.