The beachfront and marina community of Palm Cay on New Providence’s southeastern coast has unveiled a new design for its residential offerings – two and three bedroom single level condos for under $500,000.

“Single level residences with the convenience of elevators for second and third floor residents for carrying packages and groceries offer the best of all worlds, the view from above, the ease of living you’d expect at ground level,” said Celeste Nixon, Palm Cay sales and marketing team.

The new units range in price from $400,000 for a 1,350 sq ft, 2-bedroom loft to $415,000 for the 1,476 sq ft, 3-bedroom condo unit pre-construction. Residences feature high ceilings, storm-rated glass doors and windows, high-end bathrooms fixtures, granite countertops in kitchen and bath, private terraces and extensive attention to detail in construction.

Half of the 12 units in Phase 3 have already been sold.

When completed, the five phases of the Anchorage will consist of 18, 3-storey buildings with a total of 48 residences. Phases 1 and 2 are sold out with construction complete on the first phase and nearing completion on the second. Originally valued at $17.5 million, the finalized Anchorage project is now projected to be worth closer to $20 million.

The Anchorage condos are the latest component of the $200 million community that includes luxury townhomes, single family residences, clubhouse and restaurant, a 194-slip marina, new dockside eatery, lighted tennis courts, pools, 24-hour security and more than 1,200 ft of white sand beach.