Caribbean MLSReal Estate

Over 11,000 sq ft land plot in Nassau

Available on request

The brief

The reason to consider it.

Introducing a rare opportunity to acquire over 11,000 sq. ft. of elevated land with flexible open zoning in a strategically located central Nassau neighbourhood. Canaan Lane is an evolving residential area benefiting from continued redevelopment, with a growing mix of single-family and multi-family properties taking advantage of its convenient location and excellent accessibility. Situated just off Shirley Street and within easy reach of Downtown Nassau, the property offers considerable potential for a variety of residential or investment uses, subject to the necessary planning and governmental approvals. Its generous lot size, elevated position and central location combine to create an increasingly difficult-to-find development opportunity.

Land
10,990 ft²
Zoning
flexible open
Interior
Available on request
Year built
Available on request
Property type
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