Caribbean MLSReal Estate

16 CADWALLADER DRIVE

Available on request

The brief

The reason to consider it.

Located in the well-established neighborhood of Bahamia North, this spacious multifamily lot offers an exceptional opportunity for investors or developers. The property is ideal for constructing a duplex, triplex, or small apartment complex, with all essential utilities—water, electricity, and cable—readily available at the lot line. Situated on a quiet, paved street and just minutes from beaches, shopping, schools, downtown Freeport, and the airport, this lot combines convenience with long-term rental or resale potential. Enjoy proximity to golf courses, marinas, and resorts, making this an excellent location for both long-term tenants and vacation rentals.

Last confirmed

Type
Land
Land
29,999 ft²
Zoning
multifamily
Topography
flat
Build ready
Yes
Water
Yes
Electricity
Yes
Internet
Yes
Permitted uses
Duplex, Triplex, Small apartment complex

What this listing includes

  • Water storage
  • Parking
  • Golf course
  • Marina

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