Caribbean MLSReal Estate

RIPLEY STREET

Available on request

The brief

The reason to consider it.

This 7,614 sq. ft. income producing lot in the settlement of Current, Eleuthera is a great investment opportunity ensuring definite income without any effort. The property currently has a lease attached to it with Cable Bahamas, housing their cellular tower. The property also offers lots of additional space where the new owner can construct a quaint island cottage if they wish. There is a 15ft right-of way just steps from this lot that leads directly to Current’s peaceful, white-sand beach. The settlement of Current is a small community in North Eleuthera that is a step-back in time, offering a truly simplistic island lifestyle and the ultimate in peace and serenity. There’s great diving and snorkeling nearby and is located just 15 minutes from the North Eleuthera International Airport.

Last confirmed

Type
Land
Land
7,567 ft²

What this listing includes

  • Beach access

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