Caribbean MLSReal Estate

11 SOUTHWELL DRIVE, SHERWOOD, Grand Bahama, The Bahamas

Available on request

The brief

The reason to consider it.

An other multi family property that is in a desirable area and offers itself for a lucrative income producing complex or, alternatively, one can build his dream home; ideally located with a convenient 5 minute drive to shopping, entertainment and the beaches and a 10 minute drive to the downtown. Service charges are only $223.00 per year.

Last confirmed

Type
Land
Land
15,005 ft²

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