Caribbean MLSReal Estate

LOT 13 OCEAN HARBOUR

Available on request

The brief

The reason to consider it.

Situated along the main street within the Ocean Harbour Subdivision on Russell Island, this 7,808 sq. ft. vacant parcel presents a compelling opportunity to design and build a custom island residence. With its central location and close proximity to local attractions, the property offers both convenience and strong lifestyle appeal.

Last confirmed

Type
Land
Land
7,804 ft²
Subdivision approved
Yes
Permitted uses
Single 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