Caribbean MLSReal Estate

Hideaway BASSET COVE

Available on request

The brief

The reason to consider it.

For Sale: 5-Acre Beachfront Property – Bevans Town, Grand Bahama Hideaway Bahamas at Bassett Cove boasts 400 linear feet of stunning beach, offering a prime opportunity for residential or commercial development. With open zoning, hotel encouragement incentives, and no property tax until at least 2047, this is a rare investment opportunity. Key Features:
   •   400 feet of beachfront with breathtaking ocean views
   •   Existing infrastructure: plumbing, septic, fencing
   •   2,600 sq. ft. building can be completed along with landscaping and pool
  •   Planned beach bar on the southwest corner
   •   Secluded yet accessible—near airport, shopping, and restaurants, Carnival site   •   Amazing snorkeling & pristine natural surroundings Development Potential:
   •   Residential homes or vacation rentals
   •   Shops, bars, or a resort
   •   A glamping site is envisaged and possible. This is still a blank canvas! Contact us today before the price rises with further development.

Last confirmed

Type
Land
Land
217,797 ft²

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