Great Whale Cay: An Island With Substantial Social History, For Sale For 120M

The thing is, there are a lot of islands for sale, worldwide. Some are in the Caribbean, some along the Pacific Rim, some others in the Mediterranean. There are often restrictions and limitations on the purchase, and much of the time, there is no social history at all. But Great Whale Cay breaks this stereotype, as it is an island in the Caribbean with an exceptional social history, centered around one eccentric, memorable person. According to Kate Summerscale, the author who wrote and published her biography, called The Queen Of Whale Cay, Marion "Joe" Carstairs was born in London in 1900, and was a cigar-smoking, cross-dressing, motorboat-racing woman, who had tumultuous affairs with leading actresses, including Tallulah Bankhead, Mabel Mercer and Marlene Dietrich. With her close-cropped hair and tailored Savile Row suits, Carstairs was delighted when anyone actually mistook her for a man. An heir to the Standard Oil fortune, she abandoned civilization at the age of 34 to become the self-appointed ruler of Great Whale Cay, a 5 1/2 mile long island in the Bahamas. There she lived for more than 40 years, attended by a kaleidoscopic parade of beautiful women, avid sports and fishing enthusiasts, royalty, hearty partygoers -- and a small leather doll named Lord Tod Wadley, whom she treated as her best friend and lifelong companion.

The image above shows Joe to the left of the Duchess Of Windsor. The Duke and Duchess were frequent visitors.
Her life led her from boarding school to World War II action as an ambulance driver . Later she pursued her infatuation with speed by becoming a motorboat-racing driver, a yachts person, ultimately being recognized as the "fastest woman on water." She was a big game hunter, and gun collector also. No one really knows, nor did she ever completely explain her decision to leave the upper crust English social world of the 1930s, but it was obvious did not fit in any average social milieu of the time, so she went somewhere where she build a milieu around her, and fit in there. She bought Great Whale Cay, part of the Berry Island chain, in 1934, and with a team of 273 Bahamians, she developed the island, quite a feat in the mid-1930's. She died in 1993, at the age of 93.
One of the island's owners, David Casoria, wrote me recently about the spirit of Joe Carstairs on the island:
"Yes, I truly did feel a positive presence of the active, independent spirit of Joe. Everywhere you go from one end of the island to the other, are remnants of what Carstairs created over 70 years ago -- the coral cottages along the roads and in the thick vegetation in the heart of the island. There are patches of paved roads everywhere, as she had built 26 miles of roads. Water cisterns and fresh water wells still function throughout the island. Of course the Church, Trophy House, Lighthouse, Doll House, Sea Plane Hanger, Commissary Store, Hospital, and many other buildings. still stand. Coral walls lining the roads and trails everywhere. Having had over 500 employees living on the island at one time she needed to keep them busy and I think she must have loved having them build coral walls.
"I lived in the in the Great House for a year and a half -- and often, just thought of all the people that visited over the years, actresses Marlene Dietrich and Tallulah Bankhead, actor Rock Hudson, Duke and Duchess of Windsor, English playwright Sir Noel Coward -- the list goes on and on. It's fun to watch interested people today as they walk through the Great House. They are really fascinated with it.
"I believe Joe Carstairs would be appreciate the way we have maintained the island. To date any conceptual development plans for the island have all included preserving the historical buildings and coral walls throughout the island. There are plans to turn the Trophy House into a Museum housing hundreds of photos we have collected. We also have Lord Tod Wadley's wardrobe (tailored suits, bath robe, scarves, shoes, hats) and other Carstairs items we have obtained over the years. We even have old film clips of her racing her boats in the 1920 are which we would run a loop on a flat screen TV."

But while the memory of Joe exists here, there is also an awareness of the potent future development possibilities for the island also. She was a forward thinker, and surely would have enjoyed the elements that still exist, plus those in renewal through renovation. As an example, her Great House lives on, built originally in 1934. It is a two story residence, about 5,500 square feet, complete with a tennis facility, swimming pool and museum. It is undergoing renovation with approximate 1500 square foot extension. This extension comprises 5 bedrooms, 6 bathrooms, a living room with working fireplace, dining room, kitchen with a pantry and refrigerator room, and laundry. Floors are Mexican tile on the ground floor and hardwood on the second floor. The second floor is accessed by a tile spiral staircase with wrought iron railings. Ventilation is either by central or ductless wall unit air conditioning. There are covered balconies off the three bedrooms on the second floor which are all covered and enclosed with wrought iron railings.

The island itself is spans 850 acres with elevations reaching up to 60' with 12 miles of waterfront property. The island is surrounded by shallow flats, coral reefs and deep water, with two deep water access docks. Located at the tongue of the Caribbean, the island boasts some of the best fishing and diving in the area. Great Whale Cay sits 32 miles from Nassau and 150 miles from South Florida. This translates into an approximate 1 hour boat ride from Nassau and 5-6 hour ride from South Florida. Direct charter and private flights are also available – the 4,000 foot airstrip at Whale Cay is capable of handling small jets, most single and twin engine piston and turbo prop aircraft. Flight time from Nassau to Whale Cay is approximately 10 minutes. Flight time from Fort Lauderdale is approximately 45 minutes. Flights from Fort Lauderdale and other locations outside the Bahamas currently stop at an adjacent island to clear immigration and customs.

And now, the opportunity is available to own and/or develop Great Whale Cay through direct land ownership of over 95% of the entire 850 acre island and 100% developmental control. This would include all tracts and parcels as well as over 60 waterfront lots and 40 interior lots. It is owned by David and Peter Casoria, a father and son, and is being sold under the aegis of Jim Marmorstone at Tenstar in Orlando, Florida. He can be reached at jmarmorstone@tenstar.com, 407-361-0505
Whale Cay island is, at present, managed by The Whale Cay Group, Limited (WCG) is a corporation formed under the laws of the Commonwealth of the Bahamas, which owns the majority of the Island known as Great Whale Cay (GWC). Over a seven (7) year period, WCG has consolidated ownership of the island to make it available for development or sale. The repurchase of most of the land, island improvements, and changes to the CC&R's were designed to improve the ease with which the island could be sold or developed by future development partners. This has provided WCG with over 95% of the island by direct land ownership and 100% control to enforce reasonable restrictions on current and future development of the island. Deed restrictions on the other lots and remaining homes allow for a Master Development or design criteria to be stipulated by WCG for the entire island. This uniformity of architectural controls represents tremendous additional value, allowing the developer and/or the new owner to control design criteria and land planning issues comprehensively. This also mitigates product risk in terms of product level and exclusivity. Existing approvals have been granted by the Bahamian Government to include commercial operations, airstrip, marina, hotel and communal parks, resort homes and related facilities like tennis courts, restaurant, a swimming pool and 155 platted and approved, ready to build, individual ±1 acre home sites.
Given the exclusive enclave history of the island, it is understandable how the original vision of Joe Carstars translates itself into the 21st century: still private and exclusive, the developers vision carries her vision forward: to create a world away, for a lucky few, of peace, privacy, social acceptance and fun. Joe would have loved this.
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Reader Comments (Page 1 of 2)
Deborah-Eve Sep 17th 2010 5:03PM
Thanks for sharing such a great story! I'd love to see Lord Tod Wadley and his wardrobe.
http://bit.ly/Quintess
ktmocala Sep 18th 2010 7:26AM
Maybe I can finally have a gracious place to set up my double-wide! Hope there's no HOA...
Bobby Sep 18th 2010 12:56PM
the island has about 12 miles of oceanfront. Assuming 60' wide lots @ $300k apiece in a high density layout you could gross about $26 million per oceanfront mile. That would consume about 5 miles of your prime area & you'd have to develop another 3 miles of the property for infrastructure cost. You'd then have about 4 miles left to develop into resort rental/commercial property for entertainment/necessity shops for the island. The numbers would work during good economic times but financing & interest carry would eat you alive in a down cycle like we're experiencing now. It'd be a hard sell to peddle property a hundred miles from civilization especially when even the wealthy are having a hard time moving their mainland investments..
Bobby Sep 18th 2010 8:19AM
sounds very romantic but developing an island such as this would be a logistical nightmare starting from a price of $120MM. You'd have to have very deep pockets & every single item would have to be shipped in. If you're a billionaire with literally money to burn & a waiting list of perspective buyers along with great patience this would be a love of duty & labor to breathe extended life into this isolated gem. That may be the only thing I admire about the rich,, they can actually pull something like this off..
'Ellie Sep 18th 2010 12:02PM
Any one of our republican politicians could buy this place and make it a haven for karl rove and his cronies to use as a place of secrecy and quiet to plan how to get power of the government again so they can blow off the social security and, medicare programs so needed by the middle class and working poor. Then they can plan the further destruction of our wonderful country that they started by stealing the 2000 and 2004 elections. Obama has gotten in their way in the last 2 years and they have to finish him off so they can get the grip again. $120 million? A small pittance to the heavy pocket republicans.
jgacoa Sep 19th 2010 9:32AM
Sounds like a natural for Jim Gall, Champion Auctioneer, President of Miami-based Auction Company of America to hold a world-wide auction. He is the same auctioneer who auctioned The Orange Bowl; The Estate of Nelson Bunker Hunt; John McAfee's U.S holdings including his oceanfront Molokai, Hawaii Mansion;A mountain in Oklahoma; 36 miles of Railroad right-of-way; and 16.000 other pieces of real estate. Currently, the City of Del Mar, California selected Gall, to auction the City's most valuable real estate asset, an oceanview buildable lot. This island at auction would create interest from all over the world!
laontour Sep 18th 2010 9:37AM
If I won the lottery I would buy it and move there. The heck with developing it. I would be happy there weren't an idiot politicians or hollywood freaks living near me. I would be happy to move my family there and forget about the rest of the world.
el buitre Sep 18th 2010 9:45AM
who's the ultra deik on the motorcycle?
BTDT Sep 18th 2010 10:29AM
She looks like a young Ann B. Davis.
urstupid Sep 18th 2010 10:31AM
yo' mama
omraee entertainment LLC. Sep 18th 2010 11:15AM
Tell me, Show me {where it's at}
What are you a coward.
Angela Sep 18th 2010 11:20AM
Well, let me go to Fantasy Island for a moment! Hmmm. Okay. Here's what I think. I don't think I'm fixing to pay no damn $120 million bucks for a island that I can't develop any way I want to, and not only would I have to sink in the initial $120M, how much more would it take to finish developing and then maintaining the individual properties? WTF? I'm supposed to pay THAT much for a piece of property that I only own 95% of, and it comes with "deed restrictions" someone else stipulated? Oh. Hell. And. No. And do I also have to come up with employment for 500 people on a continual basis? If not, do you just kick them out of their homes and off the island? I mean, if you don't employ them, they can't pay no rent or nothing! I don't know. Maybe it's just me. But I'm thinking for $120M, I'll do what I damn well please with the island. Of course, for a group of investors, this might have potential, but I still say to hell with that "social value" mark-up.
Susan Sep 18th 2010 11:54AM
Funny - the actual listing is for about 3 mil.
Jesse McBrayer Sep 18th 2010 11:55AM
This island is located in the Berry Islands, Bahamas. Several real estate agents have it listed for $80 million (2007 appraisal $107 million) and if you want to go see it, if you have that kind of money, the sellers wants you to pay for your site visit. This is information from the Internet.
Fred Sep 18th 2010 3:17PM
Soooooo, the morons can't afford to develop it, have over-priced it and want a prospective buyer to pay to look at it.....hmmmmm.....can you spell scam?
foggymorningoutd Sep 18th 2010 1:08PM
Okay. Good to know about. I'll run right down and buy it. ---wait on it---
butrcuplov Sep 18th 2010 1:23PM
Someone should proofread articles like these for spelling and duplication of wording before they are put out for the public to read. Someone who has the amount of financing to afford a property of this type will not get a good impression of who they are dealing with when they see all the mistakes in the article.
dickn2000b Sep 18th 2010 1:29PM
Sounds like ELLIE suffers from a number of "envies." Let's see...first there's political envy, she wishes she was a republican, but isn't smart enough to join the party. Then, of course, there's island envy. She hates the thought of anyone having enough money to buy that island. And finally, it's obvious she has penis envy. She wishes she had one.
dickn2000b Sep 18th 2010 1:34PM
Sounds like ELLIE suffers from a number of "envies." Let's see...first there's political envy, she wishes she was a republican, but isn't smart enough to join the party. Then, of course, there's island envy. She hates the thought of anyone having enough money to buy that island. And finally, it's obvious she has penis envy. She wishes she had one.
dickn2000b Sep 18th 2010 1:35PM
Sounds like ELLIE suffers from a number of "envies." Let's see...first there's political envy, she wishes she was a republican, but isn't smart enough to join the party. Then, of course, there's island envy. She hates the thought of anyone having enough money to buy that island. And finally, it's obvious she has penis envy. She wishes she had one.