Caribbean MLSReal Estate

RUSSELL HOUSE Oceanfront Residence for Sale on Abaco Islands

Available on request

The brief

The reason to consider it.

Strategically nestled in ‘Pelican Shores’ on the ‘Creek’. This well-built, recently renovated 3,000 sq.ft. home provides everything needed for island lifestyle. The large oversized lot provides ample yard and garden space for recreation or future expansion. It is equipped with its own boat ramp and dock provision. The back deck features a dipping pool. Built of concrete block with a metal roof and impact windows, ensuring security in all weather conditions. The interior is completely refurbished, including a new kitchen with granite countertops, stainless appliances, and new plumbing fixtures. The house is offered unfurnished, allowing new owners to select and decorate to their personal taste. A great investment opportunity for local or second home ownership.

Last confirmed

Type
House
Land
20,667 ft²
Year built
Available on request

What this listing includes

  • Pool

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