Caribbean MLSReal Estate

REFUGE CT MULTIFAMILY LOT

Available on request

The brief

The reason to consider it.

Commanding 10,000 sq. ft. multifamily estate lot in the high-demand Southwest New Providence market—featuring an existing foundation designed for a sleek three-unit residential apartment building. This is prime territory for investors who move with intention: a rare, head-start opportunity to create luxury income, long-term value, and unmatched market presence. Foundation inspection completed. Easy access to all utilities. Approved architectural drawings included.

Last confirmed

Type
Land
Land
107,639 ft²
Zoning
multifamily
Water
Yes
Electricity
Yes
Permitted uses
Single family, Duplex, Tourism, Boutique hotel

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