Caribbean MLSReal Estate

Chesapeake Subdivision Lot

Available on request

The brief

The reason to consider it.

Chesapeake Subdivision ideal single family lot perfect for investment. This lot is over 14,000 sq.ft and located in a family oriented neighbourhood in Freeport, Grand Bahama. If you want to build your dream home this lot is perfect. Located close to Port Lucaya Marketplace and not far from the beach.

Last confirmed

Type
Land
Land
14,779 ft²
Zoning
R-1
Topography
flat
Build ready
Yes
Subdivision approved
Yes
Water
Yes
Electricity
Yes
Mains drainage
Yes
Internet
Yes
Permitted uses
Single family

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