Caribbean MLSReal Estate

LOT #397 HOLMES ROCK

Available on request

The brief

The reason to consider it.

Build your island dream home in the growing community of Holmes Rock, Eight Mile Rock, Grand Bahama. This vacant single-family lot is ideally located near schools, shopping, and everyday conveniences, while still offering the peaceful charm of island living. With new homes and development continuing throughout the area, this is a great opportunity to invest in an up-and-coming neighborhood at an attractive price. Annual Property Tax is approximately $90.00 for non-Bahamians.

Last confirmed

Type
Land
Land
Available on request

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