Caribbean MLSReal Estate

3-bedroom villa in Rainbow Bay, Eleuthera with ocean view

Available on request

The brief

The reason to consider it.

Perfectly positioned directly opposite Rainbow Bay Beach, this three-bedroom villa offers panoramic ocean views and immediate access to a tranquil cove for swimming, snorkeling and paddleboarding.

The main house provides 1,700 sq ft (approx. 157.93 m²) of interior living with a signature wood ceiling in the great room. The property includes a covered 15’ x 25’ beach house, a 15’ x 10’ one-car garage with a rooftop lookout terrace, and an outdoor kitchen with a gas BBQ. Lush tropical landscaping and fruit trees (mango, sugar apple, sour orange, coconut) surround the grounds.

  • Bedrooms: 3
  • Bathrooms (stated): 2.0 (note: prose also references a 2.5-bath configuration)
  • Interior area: 1,700 sq ft (approx. 157.93 m²)
  • Lot size: 14,151 sq ft (approx. 1,314.72 m²)
  • Year built: 2003
  • Community: Rainbow Bay (access to beaches, tennis/pickleball courts, parks, paths, shared boat ramps)

The property is suitable as a full-time residence, vacation home, or rental investment. No contact details or external links are included in this description.

Year built
2003
Type
Villa
Land
14,155 ft²
Media on file
Available on request

What this listing includes

  • Ocean view
  • Beach access
  • Parking
  • Laundry
  • BBQ area
  • Terrace
  • Garden

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