Caribbean MLSReal Estate

4 Bedroom Residence for Sale at 2 Fortune Bay Drive, Grand Bahama

Available on request

The brief

The reason to consider it.

Charming villa located in the quiet Carmen Villas community, directly across from the beach with beautiful ocean views. The main residence is approximately 70% completed and offers convenient access to main roads, shopping, schools, and local amenities. The property is just minutes from the island’s most prestigious gated beachfront communities, Shoreline and Fortune Cay. This offering also includes a vacant one-acre lot, providing a rare opportunity to expand the existing residence or further develop the property for additional living space or income-producing units. Ideal as a full-time residence, vacation home, or rental investment, this Oceanfront Retreat combines flexibility, growth potential, and the best of coastal living in Fortune Bay.

Last confirmed

Type
Villa
Land
69,998 ft²
Year built
Available on request

What this listing includes

  • Beachfront
  • Ocean view
  • On-site security
  • Gated community
  • Parking
  • Air conditioning
  • Kitchen

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