5 Acres Open Zone Lot, Carmichael Road
Available on request
20 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
This prime open zoned parcel is a great opportunity for an investor. Located on Carmichael Road, west of Gladstone Road, this parcel boasts 5 acres with 150.04 ft of road frontage, on Carmichael Road and 250 ft on the Southern Road Reservation.
This property is open zoned and benefits from high traffic volume. The Subject’s neighborhood is considered a good commercial area, approximately 80% developed with commercial buildings, and apartments. It is strategically positioned, directly opposite the proposed residential development - The Renaissance.
All that piece, parcel or lot of land being a 5 Acre Tract and being an extract from a plan recorded in the Crown Lands Department as Plan 251 of New Providence being bounded on the North by Carmichael Road running thereon 150.04 feet, on the East by varies lots being a portion of Crown Grant A-47 running thereon 1,089.02 feet, on the South by a 30 ft. wide Road Reservation running thereon 250.00 feet, and on the West by Crown Grant A6-87 running thereon 1,092.40 feet.
Last confirmed
- Type
- Land
- Land
- 217,797 ft²
- Zoning
- Open Zone
- Topography
- flat
- Road frontage
- 150 m
- Permitted uses
- Commercial
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
The asking price is not what it costs.
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