Caribbean MLSReal Estate

LOT A15, HERMANN ARENS

Available on request

The brief

The reason to consider it.

15,465 sf lot in Whitesound with four structures. They are 629 sq. ft. of open space with a two-piece bathroom; 722 sq. ft. with 2 bedrooms and 1 bathroom; and 248 sq. ft. of open space with a bathroom. There is a 223 sq. ft. storage shed. They did not restore these structures after Hurricane Dorian. The property is between the main road and the old ocean road in Whitesound. The development possibilities make this property a strategic investment in Elbow Cay’s future growth.

Last confirmed

Type
Villa
Land
15,468 ft²
Year built
Available on request

What this listing includes

  • Storage

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