Caribbean MLSReal Estate

Elevated Gregory Town Lot

Available on request

The brief

The reason to consider it.

Three parcels of elevated land with 80 feet of frontage on the main Queen’s Highway in North Eleuthera. Lots comprise of over one acre of land. Close to The Cove and Gaulding Cay Beach. Five minutes from Gregory Town and 20 minutes from the North Eleuthera Airport. Open Zoning, ideal for apartments, Eco Lodge, small business or farming.

Last confirmed

Type
Land
Land
44,907 ft²
Zoning
Open Zoning
Topography
hilltop
Road frontage
24 m
Permitted uses
Apartments, Eco Lodge, Small business, Farming

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