The Elbow Beach Hotel, sited on a private beach, has four restaurants, including Café Lido, which serves modern European cuisine Thyme Restaurant & Bar is known for its locally grown herbs, vegetables and fruits and Paraquet Restaurant, a family-run eatery established a half century ago, has a home-style menu that features mile-high slices of lemon meringue pie. Sea Breeze is known for its sushi and pizza and Fourways Restaurant & Inn, which has an 18-century fireplace, cedar beams and stone walls, has a high-end surf-and-turf menu that includes chateaubriand, a rack of New Zealand lamb and jumbo tiger shrimp. Mickey’s Bistro, which serves seafood, is the only restaurant on the island sited on the beach, according to its website. The centrally located Paget is known for its variety of cultural and culinary amenities. At one time, it had been the residence of the U.S. Listed for $35 million, Chelston is a 14-acre waterfront estate with 15 bedrooms. Frith noted that many of the condo complexes are close to the ferry stop, a convenient location for business executives who commute to Hamilton. “The developments are mostly townhouses,” he added, “with a few single-level apartments and one stand-alone villa.” Many of the major condo developments, which are all low-rise, were built in the 1980s and 1990s, he said. He noted that amenities generally include tennis courts, swimming pools, golf courses, gyms, recreation/entertainment areas and docks. More: Providence’s College Hill is Picturesque, With a Diverse, Academically Minded Population Rego added that “the single-family homes are custom. She noted that typically, the homes are painted in light pastel colors, although the more modern ones feature darker colors such as gray or navy. “The archetype Bermuda home is a low-squared building with a stepped white roof that is designed to catch rainwater, as there is no fresh supply of water on the island.” “They are made of Bermuda stone or cement block and by law must be able to withstand 100-mile-per-hour winds,” Ms. The homes, in the so-called Bermuda style, range from very small cottages to the large estates set on multiple acres. Rego added that the general range for condos is BMD300,000 to BMD3.8 million.Ī four-bedroom, two-bathroom waterfront condo at the Wharf complex is on the market for $999,000. She added that the “supply is strong for condominiums, and therefore the laws are less restrictive.” Frith said that the market for condos is more open for non-Bermudians, who can buy a unit with an annual rental value of BMD25,800 or higher, which translates into a listing price of about BMD500,000 and higher. More: Bondi Beach, One of Sydney’s Most Desirable Areas, Is Not Just for Tourists Premier properties, which are large private estates, command BMD15 million to BMD35 million, he said. Single-family homes in Paget generally start at BMD875,000, according to Buddy Rego, president of Rego Sotheby’s International Realty. Non-Bermudians can purchase a condo with an annual rental value of BMD25,800 or higher, which translates into a listing price of approximately BMD500,000 and higher. This, she adds, translates to list prices of about BMD2 million and up. (Bermudan dollars are equal in value to U.S.
Frith, each home is assigned an annual rental value, and at present, non-Bermudians can only purchase houses with an annual rental value of BMD126,000 or higher. Much of the housing stock in Bermuda is reserved for Bermudians and permanent residents.Īccording to Ms.
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