Caribbean MLSReal Estate

4-bedroom house in Hope Town/Elbow Cay, Abaco

Available on request

The brief

The reason to consider it.

This property is full of potential and provides an excellent opportunity to make it your own. After years as a family home, the property is ready to welcome a new family or potentially transition into a commercial application or some combination of the two. Renovations were started but halted, and recent upgrades include a new metal roof, new Anderson storm windows, new kitchen counters and cabinets, new LVT flooring, and new electric supply lines. The home is all concrete construction and has 35,000 gallons of freshwater storage in concrete cisterns. The western wing, which was originally all bedrooms and bathrooms, is fully stripped and currently a blank canvas.

Last confirmed

Type
House
Land
2,863 ft²
Interior
Available on request
Year built
Available on request

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