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Heron’s Nest lots selling well

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Lot with a view: The view from one of the lots at the Heron's Nest estate on Riddell's Bay in Warwick. Three of the lost have already sold and one is under contract.

The Bermuda real estate market is still hot, for some people.Three waterfront lots in the Heron’s Nest community in Riddell’s Bay sold in five days and a fourth is under contract.Only three of the lots, priced from $625,000 to $795,000, remain for sale, said real estate agent Rhonda Casling of Rego Sotheby’s International.A six-bedroom home and cottage on nearly five acres on the estate is also still for sale, at an asking price of $5.9 million. It has its own private island.Ms Casling said the prime location of the lots with boatable water access was a major selling point.“Heron’s Nest Estates has had a flurry of activity from interested buyers as a result of its natural waterfront appeal and attractive incentives from the sellers willing to think beyond traditional sales tactics,” Ms Casling said. “Of the properties sold, the waterfront views and boating access attracted buyers.”Ms Casling said one couple was drawn to the history of the Warwick property and its tranquility.She said another buyer commented: “There is little land as beautiful and as serene available in Bermuda. This is the perfect place for us to build our forever-after house.”She said two other buyers shared with her that the major selling feature was their ability to dock their boat in the protected Riddell’s Bay and access whenever they wanted it.Ms Casling added: “Getting to work with highly innovative sellers, Steve Thomson and Stephen Dunkley, pushes the boundaries of creativity.”Two examples of this creativity included Ms Casling asking the sellers to consider giving an electric golf cart with each sale.She noted with the entire estate at over eight acres, a golf cart comes in handy, especially to get to the private dock.Another example of the sellers “staying ahead” came when Ms Casling discovered Watlington Waterworks was close by, but still a couple of years before reaching the Heron’s Nest Estate area.“Mr Dunkley proactively had the excavators dig an extra trench and install the pipes so each lot will be ready to be hooked up in the future,” she said.Mr Thomson and Mr Dunkley purchased the nearly nine-acre Heron’s Nest property from the trust of a General Motors heir.Rather than build condos on it, they said they decided to transform the estate into an exclusive waterfront community, with each lot having access to a deepwater dock.The property dates back to 1803, and has been in the GM heirs family since 1936, when Elsa Mott Mitchell bought it.Said Mr Thomson: “I think it’s a very unusual tract of land that’s not been available to Bermudians for much of the last century, but is now because it has been divided up into smaller parcels.”

Fit for a GM heir: This historic six-bedroom home on five acres on the Heron's Nest estate is listed for sale at $5.9 million. Photo by Glenn Tucker