ISLAND MULTIFAMILY LOT
Available on request
8 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
Rare Development Opportunity on Paradise Island. Presenting one of the last available vacant lots on Paradise Island, the most sought-after area for development in the Bahamas. This prime parcel is pre-approved for a four-story development, offering endless possibilities for condominiums or timeshare units. Located in close proximity to world-renowned attractions, luxury resorts, and pristine beaches, this lot provides the perfect foundation for a high-end project that can capitalize on the thriving tourism and upscale market. An exceptional opportunity for visionary developers to create a landmark in one of the Caribbean’s most desirable destinations. Don’t miss your chance to invest in this rare piece of Paradise Island real estate.
Last confirmed
- Type
- Land
- Land
- 36,339 ft²
- Zoning
- multifamily
- Subdivision approved
- Yes
- Permitted uses
- Condominiums, Timeshare units
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
The asking price is not what it costs.
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