There’s been a lot of talks lately about the Blue Estate, an exclusive lifestyle community. It will offer 340 sunny days per year, sandy beaches, elegance, and a five-star experience. It promises the ultimate bespoke experience within reach of Miami and the Bahamas.
The man-made island will measure at 4,921 feet by 3,280 feet, which is half the size of Monaco. This floating luxury oasis only requires a 25-minute flight to Nassau (Bahamas) and less than 90 minutes to travel to Miami, Florida.
Table of Contents
- The Blue Estate’s Value Proposition
- Blue Estate Promises Architectural Nirvana
- Blue Estate Luxury Real Estate Pricing
- Blue Estate Payment Timelines
- Blue Estate Crunchbase Data
- Blue Estate Construction Timelines
- Will it Be a Success?
Are you thinking about soft, sandy beaches and turquoise water, yet? We are too.
The Blue Estate’s Value Proposition
Blue Estate promises unique, sophisticated lifestyle options including high-tech conveniences and many amenities. Fifteen thousand residents will be part of an inclusive multinational community. Resident VISA’s for exceptional talent and by lottery will be available.
Residents will be able to choose between luxury apartments, penthouses, and signature estates. Modern contemporary design will embrace open concepts, the sea, and the sky.
Residents will enjoy beach clubs, swimming pools, five-star dining, and inspired nightlife. Rumors indicate Michelin chefs will play an important part in the island’s dining experience.
Imagine a floating oasis with a full-service experience, harbor views, and mansions?
Key Real Estate Benefits at the Blue Estate
Blue Estate has promised to offer free education for toddlers and affordable healthcare. As a resident, you will not have to pay taxes as an individual or business taxes, let alone sales taxes for shopping. Zero taxes!
This provides some interesting opportunities. Entrepreneurs can buy, own and rent properties. Some can start their businesses with flexible business licensing and no income taxes. This presents some compelling opportunities for hustling entrepreneurs. Students may have opportunities, with a one-year business license, to work and save money as there are no taxes.
As a multinational enclave, immigration will be friendly. Entrepreneurs will have simple business applications and fast licensing experiences. This inclusive, multinational community is business-savvy, diverse, and will be technologically advanced and successful.
Blue Estate even has a plan for a sustainable, luxurious lifestyle. Their plans include 100% renewable energy sources and hydrogen or battery-powered transportation. Elon Musk will likely sign up! Actually, Elon may provide the battery technologies!
We live in a world where the assault on individual privacy is a daily occurrence. Strict security measures and limits will be in place for visitors on Blue Estate. Private information about any resident or business is withheld from the community.
Weather and Other Concerns
You may ask yourself, “What about bad weather?” Blue Estate’s floating luxury estate will move if bad weather becomes a major concern. We’ve seen countless stories about Florida and island communities destroyed by weather patterns.
Potential residents will likely want details about emergency procedures and insurance policies. The floating luxury island estate will have shields against bad weather. How often will the luxury real estate move? Can the community vote move the luxury real estate if it’s too hot? Answers to similar questions are found on the company’s website FAQ.
Freedom to Live Well
We love this magical concept that promises freedom of race, color, sex, age, language, or religion. Don’t get voted off the island. This magical paradise provides a utopian opportunity for humanity.
Blue Estate Promises Architectural Nirvana
We thought of Second Life and Minecraft for some reason. The concept of art and photos and community ideals remind us of Second Life. Minecraft, the more survivalist in form, is an architectural playground of builders. Together, Blue Estate seems to deliver on both.
The Principality of Sealand
Blue Estate reminded us of the Principality of Sealand. We first read about Sealand in WIRED’s July 2000 issue (!) At the time, freedom was the killer app.
We should be clear. Sealand’s principles were very different from what the Blue Estate Group aspires to become.
HavenCo, the startup behind Sealand’s plan, would become an offshore technology hub. Thanks to $1m in seed financing. It would allow online gambling, pyramid schemes, and adult pornography. It would not allow spamming or corporate cyber sabotage. Using a World War II anti-aircraft deck as “fixed land”, Sealand only had 6000 square feet to operate in. Not enough for residents or any luxury lifestyle.
Sealand was a pirate radio station too. Roy Bates, a retired British army major, set it up to fight a dominant BBC with unlicensed stations.
Seems old ideals don’t fizzle away. People have always wanted freedom from taxes and a flexible way to live.
The Blue Estate Dream
In the movie Elysium with Matt Damon, we see this picturesque living platform in space. It’s vibrant, natural, modern, and contemporary. Families are enjoying life in complete safety with the best medical care.
Blue Estate offers similar advantages. It offers potential residents an opportunity to build an architectural masterpiece. Minecraft anyone? It is an opportunity to define high luxury with private gardens, penthouses, or yachts. Feeling a bit like Monte Carlo now, aren’t you?
For the super-rich, they must come with something groundbreaking from an architecture standpoint. If they do not, they cannot buy the mansion. There are reports of one submitted application already.
Residents can choose from Garden Villas, Corner, or Sideline Estates. For the extravagant, the Signature Estate option promises flexible building regulations. Think of your dream castle with helipads, pool bars, and Olympic-sized pools. In comparison to Monaco and The Symphony of the Seas, the Signature Estate provides some enormous real estate for a Blue Estate property owner. Wow.
The Blue Estate Group is offering apartment benefits that are affordable and support a diverse community. Apartment accommodations include interior studios and balcony apartments. They are within easy reach of shops, restaurants, offices, and fitness clubs for residents seeking doorstep amenities.
Other living options include Coral Towers, Hexa Buildings, Waves, and Green Towers. Garden Penthouses provide the most luxurious lifestyle experience with:
|5 or more bedrooms||Ensuite Bathrooms|
|Private Pool, Spa, and Gym||Community and Play Park|
|Private Winery and Garden||Maid Room|
|Private Cinema||Sun, Sun, and More Fun|
Top floors will sell fast, according to the Blue Estate Group. For Garden Penthouses, only 16 designated locations exist, on top floors.
We have reached out to the company as we’d love to learn more about its construction techniques and materials.
Blue Estate Luxury Real Estate Pricing
A Garden Penthouse has a unit turnkey price of $15.5 million US dollars.
This features a triplex layout, private garden deck access, and a pool. Living space measures 16,146 square feet. The garden and balcony space measures 21,528 square feet.
The Signature Estate has a sales price of $1.15 billion US dollars, with a plot surface of 592,015 square feet. The living space has 215,278 square feet.
A Ring Levels Interior Apartment has a surface starting from 215 square feet. The price per square foot is $92 US dollars with units starting from $19,780 US dollars.
A Ring Levels Balcony Apartment has a surface of $430 square feet and the price per square foot is $334 US dollars. Unit pricing starts from $169,200 US dollars.
Blue Estate Payment Timelines
Payment plans are flexible:
|% paid||Payment Schedule|
|0.5%||At booking for document fees|
|15%||First installment at construction start|
|10%||Second installment at 20% construction|
|10%||Third installment at 40% construction|
|20%||Fourth installment at 60% construction|
|20%||Fifth installment at 80% construction|
|20%||Sixth installment at 90% construction|
|5%||Final installment with handover to property|
The Blue State project launched in December 2020 and the pre-sale phase with tiered pricing has started. Potential applicants can benefit by saving 21% on listed property prices if they reserve by June 2021.
Blue Estate Crunchbase Data
Blue Estate Group had a Series A funding round in February 2016 for $28.4 million US dollars. It does not identify who were the principal investors in the Series A round. We tried a similar search on other platforms like Pitchbook and turned up nothing. Learn more about how Crunchbase gets its data here.
We reached out for more details on its management team. Based in Nassau, Bahamas, Blue Estate Group reports having 51-100 employees. Its website discloses that Blue Asset Management Holding Ltd. has a registered office in Mahe, Seychelles inside the Orion Mall. A Google search confirms that the Orion Mall in Victoria, Mahe does exist.
The company has advertised new office openings in Nassau, Dubai, Hong Kong, and Monaco, which are target markets for the rich and famous.
Blue Estate Construction Timelines
Construction is expected to start in Q2, 2022 with final project completion expected in Q2, 2025. Some property handovers may occur in mid-2023.
Construction phases include:
|Time Period||Completion Phase|
|End Q2, 2022||Construction Begins|
|Near the end, 2022||Base Structure & Central Harbor Completed|
|Q2, 2023||Exterior Shell and Ring Levels Completed|
|Near the end, 2023||Green Towers and Hexa Buildings Completed|
|Q1, 2024||The Waves and Coral Towers Completed|
|End, 2024||Garden Villas and Signature Estates Completed|
|Q2, 2025||All Construction Completed|
Will it Be a Success?
We will continue to follow the project. This will be an amazing architectural and technological success story.
We remember the Titanic. We remember Toronto’s CN Tower. At one time, it was the world’s tallest free-standing structure.
If a strong team is behind this venture, the Blue Estate could achieve success early. We do admit the project timelines seem aggressive but if there is a credible plan and team in place, those fears will be put to rest.
Let’s wait and see. Pre-sales are critical.