Caribbean MLSReal Estate

6 SHERWOOD DRIVE

Available on request

The brief

The reason to consider it.

Single family property about 1/3 of an acre with paved roads and all utilities in place just feet away off Mishipman. Excellent opportunity for building your dream house in the prestigious Lucaya area with shopping and entertainment in close proximity. For those interested there are two lots at Lycayan Estates that could be had with this property for a total of $42K. These lots are very clsoe to GB Highway and the location is at the intersection of GB Highway and Causarina Drive.

Last confirmed

Type
Land
Land
13,003 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