Caribbean MLSReal Estate

4 PAYCOCKES ROAD LUCAYAN ES

Available on request

The brief

The reason to consider it.

Lucaya Estates is a vast area that remains undeveloped in Grand Bahama. No paved roads or utilities however if someone would like to invest in the futuure this would be a fitting choice. With yearly service charges only at $56.99 makes it a reasonable investement in the future of Grand Bahama.

Last confirmed

Type
Land
Land
29,999 ft²
Zoning
residential
Build ready
No
Subdivision approved
No
Water
No
Electricity
No
Mains drainage
No
Internet
No

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