Caribbean MLSReal Estate

5 bedroom Residence for sale — CORAL LAKES SUBDIVISION

Available on request

The brief

The reason to consider it.

This charming, family home located in Coral Harbour, offers a safe, neighborhood community in the Southwest area of Nassau. The house was built in 2001 and is situated on a quiet side street on a spacious, well-manicured lot. This property is well sized at 9,150 sq.ft, with over 3,000 sq. ft of living space. The home is well maintained and ready to move in and with some updates this can be the perfect place for a family to make their home, while benefiting from income-generating opportunities. The main home features 3 Bedrooms and 2 bathrooms, with a well-sized driveway, garage, laundry room and well-manicured yard with fruit bearing trees and lots of room for a garden and landscaping. The kitchen is spacious with adjacent dining and living, perfect for entertaining guests. The two studio style efficiencies are roomy and bright with lots of natural light and have their own separate entrances.

Last confirmed

Year built
2001
Type
House
Land
9,149 ft²

What this listing includes

  • Garden
  • Parking
  • Laundry
  • Kitchen

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