Caribbean MLSReal Estate

2 bedroom Apartment for sale in MONASTERY PLACE, Nassau

Available on request

The brief

The reason to consider it.

Seize this incredible deal on a 2-bedroom, 1-bath 995 sq. ft. condo in a desirable middle-class neighborhood! This bank-owned property is a rare find, offering unbeatable value. Featuring a spacious layout, ample natural light, and a prime location near shopping, dining, and public transit, this unit is perfect for first-time buyers, downsizers, or savvy investors looking for instant equity. Don’t miss out on this high-value investment—opportunities like this don’t last long! Schedule a viewing today!

Last confirmed

Type
Condo
Land
990 ft²
Year built
Available on request

What this listing includes

  • Parking
  • Air conditioning

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