Caribbean MLSReal Estate

5 bedroom Apartment for sale — GAMBLE HEIGHTS in Nassau / New Providence, The Bahamas

Available on request

The brief

The reason to consider it.

Cash Buyer Special!! This distressed property is very open to negotiation but it is noteworthy that this property has a few issues that may make bank financing challenging. The lot was originally zoned for 2 units but the owner later added two more, likely without town planning approval. For a cash buyer this could mean additional income. The current layout is as follows; Four Units: 1 two-bedroom unit and 3 one-bedroom units, perfect for rental income potential. Spacious Land: A 7,920 sq. ft. lot with room to breathe, build, or enhance. Building Size: The structure totals 2,190 sq. ft. Whether you’re a seasoned investor or just getting started, this property is a canvas ready for your creativity. Don’t miss this chance to turn a fixer-upper into a high-performing asset. Ready to see it? Let’s make it happen!

Last confirmed

Type
Apartment
Land
7,922 ft²
Year built
Available on request

What this listing includes

  • Parking
  • Kitchen
  • Air conditioning

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