Palm Cay

What Palm Cay does

Palm Cay is a privately-held, family-controlled real estate developer and integrated resort operator headquartered in Nassau, The Bahamas. The company has built and operates a 69-acre beachfront and marina master-planned community on the southeastern shore of New Providence Island, featuring over 300 marina homes and 1,200 feet of private beachfront. Founded circa 2010-2012, Palm Cay develops and sells luxury residential product (One Marina $100M / 84-unit project; The Palms multi-phase; Anchorage condominiums; Sand Dollar House) and concurrently operates a 194-slip full-service marina — voted #1 in The Bahamas for multiple consecutive years by ActiveCaptain.com/Garmin reviewers.

The company's core platform combines one-time real estate sales (units priced $460K to $2.25M) with a recurring-revenue ecosystem including marina transient dockage ($4-$8 per foot per day), a members-only Cove Club beach club (~200 members), The Island Spa, Cay Village amenity hub (gym, restaurants, retail, liquor store), vacation rental management (palmcayrentals.com, ~25-45% management fees averaging 30%), and charter partnerships with Navtours, Dream Yacht Charters, and The Moorings. Underlying technology is conventional luxury construction (hurricane impact-rated), fixed wooden-dock marina engineering with VHF-16 monitoring, 24-hour security and sea gate access, and the Marina Eye 360-degree slip-visualization app for transient boaters.

Palm Cay serves four customer segments: luxury vacation-home buyers (HNW second-home purchasers leveraging the 1993 International Persons Landholding Act), real estate investors targeting 10-12% ROI through the on-site rental program, boaters and yachting enthusiasts using the marina as a gateway to the Exumas, and vacation rental guests. Distribution is sales-led through an in-house team supplemented by a broker/realtor network with a focused North America multi-channel campaign. The business is privately funded by the Hannaby-Cummins family through property-sale reinvestment — no venture or private equity funding is disclosed.

Name

Palm Cay

Legal name

Palm Cay

Website

https://palmcay.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Palm Cay is a 69-acre beachfront and marina community in Nassau, Bahamas, developing and selling luxury condominiums ($460K-$2.25M) while operating a 194-slip award-winning marina, members beach club, spa, restaurants, and vacation rental management, serving HNW second-home buyers, investors, and boaters.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Marinas (713930), Marinas (71393)

akta.pro primary industry

Luxury Private Island Resorts (THAGACAL)

akta.pro secondary industries

Luxury Beachfront & Waterfront Villas (THAMAEAE), Beachfront & Island Luxury Resorts (THAGACAA)

Keywords

• Luxury real estate development
• Marina services
• Vacation rentals
• Waterfront community
• Beachfront condominiums

Headquarters

HQ city

Nassau

HQ country

Bahamas

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Sales: Primary revenue from sale of luxury condominiums, townhomes, and single-family homes within the 69-acre Palm Cay development. Properties range from $460,000 Anchorage condos to $1.5M-$2.25M for Palms units and up to $1.9M for One Marina residences.
2. Marina Services: Revenue from transient dockage ($4-$8 per foot per day), fuel sales (gas and diesel), and related marina services. 194-slip marina serving vessels from 18ft to 100ft.
3. Vacation Rentals: Short-term rental management for property owners through palmcayrentals.com. Properties include luxury villas, townhomes, and condos managed for rental income when owners are away.
4. Spa and Wellness Services: The Island Spa offers massage, skin treatments, body treatments, and wellness passes. Treatments range from $25-$300. Day passes available at $120-$300.
5. Boat Charter Services: BlakJak exclusive boat charter for homeowners and members. Day charters to Rose Island, Highbourne Cay, and Staniel Cay ranging from $4,500 to $8,500 plus VAT.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Palm Cay is a 69-acre beachfront and marina-front master-planned residential community on Nassau's southeastern shore in The Bahamas that sells luxury condominiums, townhomes, and single-family homes and operates an integrated 194-slip full-service marina, vacation rental management, spa, fitness center, restaurants, and boat charter services within a secure gated resort community.

Product overview

Palm Cay is a 69-acre beachfront residential and marina community on Nassau's southeastern shore in The Bahamas, offering a mixed-use platform of real estate properties and resort amenities. The core product portfolio includes luxury condominiums (One Marina, The Palms, The Anchorage) and single-family homes (Sand Dollar House) alongside the award-winning 194-slip Palm Cay Marina. The development operates a subscription-based members club model offering beach club access, spa services (The Island Spa), fitness facilities, dining (The Pink Octopus Restaurant, Dockside Cafe), and boat tours/charters. Additional modules include vacation rentals, Cay Village amenity hub, and golf/putting facilities. The platform targets ocean-loving buyers seeking second homes, vacation properties, and marina lifestyle communities in The Bahamas.

Differentiator

Problem solved

Functional benefit

Brands

• The Island Spa: Luxury holistic wellness retreat and spa offering massage, skin treatments, body treatments, and day passes within the Palm Cay community.
• Palm Cay Rentals
• Sand Dollar House
• Palm Cay Marina & Beach Club

Products and services

• Palm Cay Marina 194-slip full-service deepwater marina on Nassau's southeastern shore offering fuel dock (gas and diesel), dockside cafe, restaurant, concierge service, 24-hour security, and Official Port of Entry customs clearance. Voted #1 marina in the Bahamas. Serves vessels from 18ft to 100ft as a gateway to the Exumas and 700 Bahamian islands.
• One Marina Residences Luxury marina-front condominium and penthouse complex featuring 84 residences with modern interior design, storm-rated glass, high ceilings, and high-end finishes. Two-bedroom units (1,780-1,940 sq ft) priced $750,000-$800,000; three-bedroom units (2,751-4,228 sq ft) priced $1.5M-$1.9M. Overlooks the award-winning marina.
• The Palms Condominiums and Penthouses Luxury waterside condominiums and penthouses with balconies, contemporary architecture, and private marina views. Units range from 1,277-3,810 sq ft with 2-5 bedrooms. Unit prices range from $700,000 to $2,250,000. Part of the 69-acre resort and residential community.
• Sand Dollar House Five-bedroom, five-and-a-half-bathroom family home on a double lot within Palm Cay marina community. Features private pool, pool house, guest cottage, three-car garage, hurricane impact doors and windows, gourmet kitchen with Wolf and Sub-Zero appliances. 5,600 sq ft floor area on Palm Cay Estate lots 114 & 115.
• The Anchorage Condominiums Popular condominium buildings at Palm Cay. Anchorage 4 was the final phase with limited remaining availability starting from $460,000 per unit.
• The Island Spa Luxury holistic wellness spa facility within Cay Village amenity hub. Offers massage therapy ($220-$300), skin treatments ($200-$275), body treatments ($210-$275), waxing/tinting (from $25), and day passes ($120-$300). Open daily 10:00-18:00 with 24-hour advance booking. Managed by licensed skin therapist and wellness practitioner Ellie Mitchell.
• Palm Cay Members Beach Club Members-only beach club featuring restaurant, 80 ft lap pool, private luxury cabanas, beach access, spa services, beach bar and grill, and social events. Membership available to residents with temporary memberships for guests. Currently has 200 members.
• Palm Cay Fitness Center State-of-the-art fully equipped gymnasium for full members featuring running machines, weights, free weights, large screen TV, full wall mirrors, and seasonal aerobic classes including Yoga, Pilates, and Strength Training. Group sessions from $25; personalized one-on-one sessions from $80.
• Palm Cay Vacation Rentals Luxury vacation rental properties managed on-site including The Hummingbird Villa, The Heron Townhome, The Toucan Townhome, The Sandpiper Townhome, The Robin Townhome, The Osprey Townhome, The Anchorage Condo, The Kestrel Townhome, The Marina View, and The Little Apartment. Located minutes from Nassau with access to marina, beach, and resort amenities.
• Palm Cay Rental Management Program On-site vacation rental management program for property owners. Management fees range 25-45% (averaging around 30%) with full-service including maintenance, guest services, event coordination, security, and housekeeping. Designed to maximize ROI for vacation home investors with potential returns of 10-12%.
• The Pink Octopus Restaurant Beach club restaurant at Palm Cay Marina and Beach Club featuring fusion cuisine with Mediterranean and Bahamian flavors. Wood-fire grilled Mahi-Mahi, casual yet unique dining with high-end out-island feel. Open 12pm-10pm daily; reservations required (non-members 60 minutes advance).
• Dockside Cafe Marina-side cafe open daily for breakfast and lunch. Home to essential provisions and clothes store. Prepares food parcels for sailing days with advance booking. Sunday-Thursday 7am-4pm; Friday-Saturday 7am-5pm.
• BlakJak Boat Charter 2020 43ft Midnight Express luxury day boat powered by x4 400R Mercury Racing motors reaching 70 mph. Features 7 lie-flat lounging areas, integrated bar and sink, JBL audio, enclosed AC bathroom with shower. Charters include Rose Island ($4,500), Highbourne Cay ($6,500), Staniel Cay ($8,500) plus VAT. Maximum 12 passengers.
• Palm Cay Boat Tours Charter boat tours departing from Palm Cay Marina including BlakJak full-day charters to Rose Island, Exuma, Highbourne Cay, Staniel Cay (swimming pigs), Spanish Wells, and sunset champagne cruises. Also offers half-day North Exuma tours and custom charter options.
• Palm Cay Putting Green All-weather short game area constructed using weather-resistant surfaces. Located within the recreation area, designed for honing putting skills and casual family golf fun. Open daily to homeowners.
• Marina Eye Mobile Application Mobile application providing 360-degree walkthroughs of marina and individual slips for pre-arrival visualization. Available on Apple App Store and Google Play. Helps boaters visualize layout, approach angles, and potential hazards for easy docking.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Winston Jones, ArchitectscoreStrategic or Co-development Partner · 5 November 2018Bahamian architect Winston Jones appointed to design and project manage One Marina development, Palm Cay's $100 million luxury condominium project. Winston Jones designed the 84-unit residential community.
• HNR ConstructioncoreStrategic or Co-development Partner · 5 November 2018HNR Construction, led by principal Sean Wright, is the contractor for One Marina project. Scheduled for completion in first quarter of 2020 according to original timeline.
• NavtoursminorChannel Partner/ Reseller/ DistributorCharter partner offering boat charters and sailing vacations from Palm Cay Marina, providing access to the Exumas and other Bahamas destinations. Part of Palm Cay's yacht ownership and management programs.
• Dream Yacht ChartersminorChannel Partner/ Reseller/ DistributorCharter partner specializing in sailing vacations with fleet operations out of Palm Cay Marina, providing sailing and catamaran charters to the Exumas and surrounding islands.
• The MooringsminorChannel Partner/ Reseller/ DistributorInternational sailing vacation company operating fleet charters from Palm Cay Marina, offering bareboat and crewed yacht charters in the Bahamas.
• Association of Bahamas MarinasminorOthersMember of The Association of Bahamas Marinas, an industry organization representing marina operators in the Bahamas with over 60% market coverage.

Scale indicators9 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Albany Bahamas: Luxury integrated resort and residential community on New Providence, Bahamas, featuring a marina, beach club, golf, and branded residences. Highly comparable to Palm Cay as a Bahamian luxury resort-residential destination targeting HNW second-home buyers.
• Baker's Bay Golf & Ocean Club: Ultra-luxury members-only residential and marina community in the Abacos, Bahamas. Direct peer in the Bahamian luxury second-home and marina community category, with similar property pricing and HNW buyer focus.
• Kamalame Cay: Private island resort and residential community in Andros, Bahamas, with marina, villas, and spa amenities. Comparable as a Bahamian luxury resort-residential hybrid offering waterfront lifestyle to HNW visitors and owners.
• Old Bahama Bay Resort & Marina: Luxury resort and full-service marina on Grand Bahama Island targeting yachting tourists and second-home buyers. Directly comparable marina-and-resort model to Palm Cay, though on a different Bahamian island.
• Hurricane Hole Superyacht Marina (Bahamas Marinas LLC): Premier superyacht marina in the Exumas with associated residential and resort amenities. Direct competitor in the Bahamas luxury yachting marina category and alternative base for Exumas-bound yacht traffic that Palm Cay also serves.

Broad incumbents

• Baha Mar: Mega-resort on Cable Beach, Nassau, combining luxury hotels, residences, casino, and amenities. While not a residential community developer, Baha Mar sets the broader Bahamian luxury hospitality benchmark and competes for the same tourist and second-home audience as Palm Cay.
• Atlantis Paradise Island: Iconic Nassau luxury resort with branded residences, marina, and full amenity ecosystem. Comparable to Palm Cay's integrated resort-lifestyle positioning, though Atlantis is a far larger incumbent targeting mass-affluent through ultra-luxury segments.

Regional players

• Lyford Cay Club: Historic gated residential community on western New Providence with private club, marina, and beach. Comparable Bahamian luxury residential lifestyle offering, though more mature and on a different coast from Palm Cay.
• Spanish Cay Resort & Marina: Resort and marina community in the Abacos, Bahamas. Comparable as a Bahamas-based marina resort community, but serves a different island chain and primarily caters to boaters in the northern Bahamas.
• Compass Cay Marina: Renowned marina and resort in the Exumas with on-island villas. Comparable marina lifestyle offering to Palm Cay, but in the Exumas rather than Nassau and at a smaller scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PalmCay
• Instagraminstagram.com/palmcaylife
• Xx.com/palmcaybahamas
• LinkedInlinkedin.com/company/palm-cay

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palm Cay