Caribbean MLSReal Estate

6 Bedroom Apartment for Sale - 24 Lancaster Place, Freeport, Grand Bahama

Available on request

The brief

The reason to consider it.

Excellent income producing investment property situated in the quiet community of Bell Channel Bay. This fully furnished Triplex contains Three (3), two bedroom, 2.5 bath townhouse style units. All the units have been refurbished and are ready for rental. The building has a metal roof, and hurricane impact windows and doors. This property is fenced in at the rear, east and west exposure, and supplemented with a pool. In addition, each unit has a covered patio overlooking the pool. The property is nicely manicured and maintains, plush lawn, palm trees, with a few local fruit trees.

Last confirmed

Type
Apartment
Land
14,327 ft²
Year built
Available on request

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