One Ocean
Paradise Island
Nassau Bahamas

One Ocean is the tallest residential building on Paradise Island, Nassau, Bahamas, built in 2009. It is a purely private luxury residential condominium tower - not a condo-hotel - located on Nassau Harbour between Atlantis and Ocean Club Estates. Residences range from two-bedroom condos to four-bedroom penthouses exceeding 4,000 square feet. All units feature 9 to 10-foot ceilings, European kitchens with Italian cabinetry and quartz countertops, porcelain tiles throughout, direct private elevator access, and large private balconies with Nassau Harbour, Atlantic Ocean, and Ocean Club Golf Course views. Building amenities include 24-hour security and concierge, a residents-only pool deck and hot tub, a private fitness centre, underground parking, and a full backup generator. See the full Paradise Island condos guide for comparison with other developments.

Based on current Bahamas MLS data, two-bedroom One Ocean condominiums are listed from $875,000 (Sotheby's MLS) to $1,700,000 for higher-floor units with premium views. Three-bedroom residences are listed from $1,499,000 to $1,899,000 including a 3-bed, 3-bath turnkey furnished unit at $1,599,000 per Mosko Realty MLS. Four-bedroom penthouses exceeding 4,000 sq ft command premium pricing on enquiry. Pricing changes as MLS inventory moves - Glenn Ferguson provides live current pricing for any specific unit type, floor, or view preference at +1-242-395-8495.

No. One Ocean is a purely private residential building with no Atlantis-style hotel rental pool and no managed rental programme. Owners are free to rent their units independently subject to the One Ocean HOA short-term rental policy, but there is no revenue-sharing arrangement with any resort or management company. This is the fundamental distinction between One Ocean and The Reef at Atlantis, which operates through the Atlantis managed rental pool with a 55% management share going to Atlantis. One Ocean owners who choose to rent independently typically target 6% to 10%+ net yields through Airbnb, VRBO, or a local Nassau property manager. HOA rental policy must be confirmed for any specific unit before an offer. Glenn obtains and reviews this before any shortlist is prepared.

One Ocean sits on the south side of Paradise Island facing Nassau Harbour, positioned between Atlantis Paradise Island to the west and Ocean Club Estates to the east, on Paradise Island Drive. The building is directly adjacent to The Ocean Club, A Four Seasons Resort and its Versailles-inspired gardens. The Ocean Club Golf Course is visible from southern and eastern-facing units. Atlantis is within walking distance to the west. The Nassau toll bridges are the access point from Nassau's main island. The building's harbour-facing position on the south side of Paradise Island provides the panoramic Nassau Harbour, ocean, and golf course views for which it is known.

Yes for qualifying purchases. One Ocean condo purchases at $1,000,000 or above (EPR minimum effective January 1, 2025, increased from $750,000) qualify for Economic Permanent Residency under the Bahamas Investment Act. Every three-bedroom and penthouse listing currently on the MLS at One Ocean exceeds the EPR threshold. Purchases at $1.5M or above access the accelerated processing track with approvals typically within approximately 3 weeks. EPR grants indefinite right of residence with no annual reporting, no Bahamian income tax, and no minimum days required. The government fee is $20,000 standard ($25,000 with work rights). Dependants included at $300 per person. Glenn manages the EPR application concurrently with the purchase closing. Full details at the Bahamas EPR guide.

Total buyer-side closing costs at One Ocean typically run 8% to 11% above the purchase price. The three components are: (1) a flat 10% government VAT on conveyance - on the full purchase price, same rate for all buyers; (2) legal fees of 2.5% to 3.5% of the purchase price plus a further 10% VAT on those fees; and (3) title search and disbursements of $2,000 to $4,000. On the $1,499,000 entry-level three-bedroom, the total estimated acquisition is approximately $1.69M to $1.71M. On an $875,000 two-bedroom, estimated acquisition is approximately $976,000 to $988,000. Glenn provides a full personalised breakdown before any offer. For annual holding costs, see the Bahamas property tax guide.

One Ocean and The Reef at Atlantis are adjacent buildings on Paradise Island with fundamentally different ownership models. One Ocean is purely private residential - owners control rental strategy, keep all rental income minus any management fee, and face no personal use cap. The Reef is a condo-hotel where Atlantis takes approximately 55% of gross rental revenue plus 5% operational deductions, and rental programme participants are capped at 90 days personal use annually. The Reef offers a fully passive rental experience backed by the Atlantis booking platform and includes resort amenities (22 restaurants, 11 pools, Aquaventure). One Ocean offers a private residential experience with access to the resort neighbours as paying guests. The Reef has a lower entry point (studios from approximately $350,000); One Ocean starts at $875,000 for two-bedrooms. For investors prioritising yield, One Ocean's owner-controlled model typically outperforms. For buyers wanting zero management involvement, The Reef's passive pool is the better fit. Glenn presents both with side-by-side investment data before any viewing.

Yes, with no restrictions. Foreign nationals hold the same freehold ownership rights as Bahamian citizens at One Ocean. No nationality-based government permit is required. The flat 10% conveyance VAT applies to all buyers at the same rate. There are no minimum holding periods, no restrictions on rental income, and no restrictions on future resale. Glenn has managed One Ocean purchases for buyers from the US, UK, Canada, and Europe, including transactions completed entirely by power of attorney without any travel to Nassau.