Caribbean MLSReal Estate

LOT 1403 OLD AIRPORT ROAD

Available on request

The brief

The reason to consider it.

This vacant lot is ideal for a cozy island home or future investment. Situated some three 3 miles southwest of George Town just off the old airport road. This general area is steadily developing, so this lot will suit well as a future investment or present spot or for a cozy island home.

Last confirmed

Type
Land
Land
6,405 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