Caribbean MLSReal Estate

1/2 Acre Multi Family Lot in Nassau

Available on request

The brief

The reason to consider it.

Prime Multi-Family Lot in Growing Southwest Community This spacious 1/2-acre multi-family lot is ideally situated in a rapidly developing area of southwest New Providence. Perfectly suited for a rental property or small apartment complex, the property benefits from established infrastructure, including paved roads and utility connections. Located in a peaceful and quiet community just minutes from the ocean, this lot offers an excellent investment opportunity in one of the island’s most sought after locations. Don’t miss your chance to build in a high-demand area with strong rental potential.

Last confirmed

Type
Land
Land
234,438 ft²
Zoning
multi-family
Water
Yes
Electricity
Yes
Permitted uses
Multi family

What people say about Bahamas

Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.

  • Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
  • Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
  • Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
  • Concern Vacant land owned by foreigners carries a notably heavier tax until built on

Read what people say, based on 14 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law