Caribbean MLSReal Estate

K RAMSEY STREET

Available on request

The brief

The reason to consider it.

Lot K on Ramsey Street, just off Carmichael Road, offers an excellent opportunity for residential development. This 6,289 sq. ft. multi-family lot is ideally located in a convenient and growing area, close to schools, shopping, and major roadways. A great option for investors or anyone looking to build an income-producing property in a well-established community.

Last confirmed

Type
Land
Land
6,286 ft²
Zoning
multi-family
Permitted uses
Multi family

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