For those not familiar with pink sand beaches, this natural phenomenon may sound like something out of a children's book. If you want to see it in full color, venture to select Bahamian Out Islands. Greenwood Beach Resort, situated on eight miles of pink sand, offers guests a vision of unspoiled Out Island beauty. Excellent snorkeling and diving are available just off the beach. Owned by a German family, the hotel caters to European and American travelers. The well-appointed accommodations feature private balconies and custom furnishings.