Caribbean MLSReal Estate

4-bedroom house in Polhemus Gardens, Bahamas

Available on request

The brief

The reason to consider it.

The property requires renovations and modernization; its solid footprint and functional layout provide the perfect foundation for a complete transformation. Whether you’re looking to restore its character, create your dream family home, or add a valuable asset to your investment portfolio, the possibilities are endless. Conveniently located near schools, shopping, public transportation, and other essential amenities, this property is priced to reflect its condition and is ready for its next chapter. Don’t miss this rare opportunity to unlock this home’s full potential.

Type
House
Land
4,790 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