Caribbean MLSReal Estate

49 BOMBARD ROAD, CANNON BAY

Available on request

The brief

The reason to consider it.

An excellent development opportunity on the Lucayan Waterway, this multifamily high-rise lot offers approximately 145 feet of canal frontage on a deep-water canal system that connects from the north side of the island to the south side. Measuring approximately 3/4 of an acre, the property is located in a growing area with new construction nearby, as well as established large waterfront estate homes, adding to the overall appeal and value of the location. With its generous waterfrontage, zoning potential, and access to Grand Bahama’s extensive canal network, this lot is ideal for a multifamily residential project or a strategic investment hold.

Last confirmed

Type
Land
Land
32,819 ft²
Zoning
multifamily high-rise
Topography
waterfront
Road frontage
145 m
Permitted uses
Multifamily residential

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