Caribbean MLSReal Estate

3 bedroom Apartment for sale - THE REEF RESIDENCES

Available on request

The brief

The reason to consider it.

This third floor Ocean view is a rare gem. Recently remodeled, this elegant suite is fully furnished and features high-end finishes, including crown molding, granite countertops, and fine European kitchen cabinetry. The spacious ensuite bath, expansive balcony, and bird’s-eye views of Atlantis enhance its allure. Ownership at The Reef includes access to exclusive amenities, such as a private gym, a convenient Starbucks in the lobby, and a dedicated owner’s concierge for personalized services, from dinner reservations to in-house massages. This property is perfect as a luxurious private residence or an investment, with strong rental income potential through Atlantis’s.

Last confirmed

Type
Apartment
Land
Available on request
Year built
Available on request

What this listing includes

  • Fitness centre

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