Caribbean MLSReal Estate

GRASMERE LOT

Available on request

The brief

The reason to consider it.

Rare opportunity to own prime land in the family-oriented Grasmere subdivision. This 11,760 square feet property is situated near other well-built homes, churches, Tyler’s Plaza, Schools and the Five Palms Gas Station. The lot is perfect for the single-family home you have been dreaming about. This lot is priced to sell and will not be on the market for long, so call for a viewing today.

Last confirmed

Type
Land
Land
11,765 ft²
Subdivision approved
Yes

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