Caribbean MLSReal Estate

40 NOTLEY DRIVE

Available on request

The brief

The reason to consider it.

This property is situated in Emerald Bay Subdivision in the eastern section of the City of Freeport, Lucaya on the island of Grand Bahama, about 13.95 miles from the center of town. Schools, churches, shopping and medical facilities are all a driving distance away. This section of the city is graduallt being developed with mainly single-family dwellings. The area is fully serviced with utilities and power, paved roads, mains water, telephone, cable and internet services are all available.

Last confirmed

Type
Land
Land
13,197 ft²

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