Caribbean MLSReal Estate

Freeport 1 Acre Corner Lot

Available on request

The brief

The reason to consider it.

Discover the perfect investment on Yorkshire Drive & Stratford Street, Grand Bahama. Lot 1, Block 20 offers 1.09 acres of serene, multifamily vacant land in a tranquil, quiet area. Ideal for creating your dream development.

Last confirmed

Type
Land
Land
47,480 ft²
Zoning
multifamily
Permitted uses
Multifamily

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