Caribbean MLSReal Estate

GLADSTONE ROAD LOT #10

Available on request

The brief

The reason to consider it.

A rare one-acre parcel is now on the market—an exceptional opportunity for savvy investors or visionary developers. Perfect for constructing a high-yield residential or commercial complex, this prime property offers strong potential for long-term income and growth.

Last confirmed

Type
Land
Land
4,491,242 ft²
Zoning
residential/commercial
Permitted uses
Residential, Commercial

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