Caribbean MLSReal Estate

MERMAID’S COTTAGE in Eleuthera, The Bahamas

Available on request

The brief

The reason to consider it.

A charming, over 100-year-old Bahamian cottage, Mermaid’s Cottage blends historic character with modern updates just a 2-minute walk from a pristine white-sand beach. This 2-bedroom, 2-bath home includes an additional bunk room, an open-concept living, dining, and kitchen area, and a loft-style upper suite with private deck. Outdoor living spaces include a 306 sq. ft. covered patio, front porch, and an outdoor shower. With a new custom metal roof, shutters, siding, and a fenced yard, the home offers both charm and privacy. Ideally located near local amenities, this property is perfect as a rental or serene island escape.

Last confirmed

Type
Villa
Land
3,875 ft²
Year built
Available on request

What this listing includes

  • Beach access
  • Ocean view
  • Parking
  • Furnished
  • Kitchen
  • Air conditioning

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