A lavish Bahamas waterfront mansion with a private beach sold on Monday for around $39 million in a major deal for the island country.

The property, located a roughly 30-minute drive from the center of capital city Nassau within the Old Fort Bay gated community, was on the market for $39.49 million, and “it closed just under asking price,” said listing agent Matthew Marco of BOND Bahamas.

“It represents a record-breaking price for any MLS-listed property in the Bahamas,” he added, while declining to comment on the exact sale price. Mansion Global could not independently confirm the price record.

Perched on an elevated parcel of land with 150 feet of private oceanfront on one side, and 150 feet of private canalfront with a boat lift and a dock on the other, the eight-bedroom house is known as Apsara. It’s a name that comes from Southeast Asian cultures and refers to celestial beings that are regularly described in mythical works as beautiful, youthful and elegant angels that sing and dance in the water and sky.

“It is an extremely unique property in the Bahamas, and the whole Caribbean,” Marco said.

Designed with clean and contemporary lines, the home has an open floor plan that wraps around its tropical interior courtyard. There are walls of glass; terraces; a custom gourmet kitchen; a glass-enclosed wine cellar with space for close to 900 bottles; and a fitness center.

Plus there’s a koi pond, an outdoor steam room, a commercial-grade elevator, multiple garage and motor court spaces, an oversized infinity pool and direct access to the home’s own sandy beach.

The home “ticks all the boxes for someone at that level,” Marco said.

Mansion Global couldn’t determine either of the parties involved in the transaction, and Marco declined to comment on their identities.

“Over the past few years, we’ve seen an uptick in high-profile, high-net-worth individuals looking for truly one-of-a-kind trophy residences across the Bahamas,” said Marco.

The more politically unstable the world gets and the higher taxes get, the more buyers are drawn to the country, he explained.

“The warmth of the people, the sophisticated infrastructure, the banking capabilities, the tax incentives, the gracious privacy, the stable government, and of course, the most beautiful natural landscape in the world, all make the Bahamas a smart investment,” he said. “I’ve been here 20 years and every year it gets better.”

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