Caribbean MLSReal Estate

BLOCK 13, LOT 47 BAHAMIA

Available on request

The brief

The reason to consider it.

Excellent opportunity to own a multifamily property situated on a large lot in the highly desirable Bahamia area. This property offers fantastic potential for both rental income and future development, making it ideal for investors or extended families. Located in a quiet, well-established neighborhood, the lot provides ample space for parking, outdoor living, or possible expansion. Bahamia is known for its convenient location — just minutes from the beach, shopping, schools, and downtown Freeport. With solid construction and room to grow, this property combines value, location, and opportunity in one of Grand Bahama’s most sought-after residential communities.

Last confirmed

Type
Land
Land
48,793 ft²

What this listing includes

  • Parking
  • On-site security
  • Gated community

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