Caribbean MLSReal Estate

3 bedroom Apartment for sale — PALM CAY GALLEON BAY

Available on request

The brief

The reason to consider it.

Just steps from the marina in Palm Cay, 3 Galleon Bay is a fully furnished 1,578-sq. ft. residence blending classic elegance with island sophistication. Designed with an open-concept layout and furnished by Restoration Hardware, this turnkey home features a private balcony with sweeping marina views, a fully equipped kitchen, spa-style bathrooms, and tranquil bedrooms. Enjoy seamless indoor-outdoor living in a secure, gated community with access to a gym, spa, beach club, and private beach. Short-term rentals are permitted, offering both lifestyle and investment appeal.

Last confirmed

Type
Apartment
Land
Available on request
Year built
Available on request

What this listing includes

  • Marina
  • Furnished
  • Kitchen
  • Fitness centre
  • Spa
  • On-site security
  • Gated community
  • Beach access

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