Caribbean MLSReal Estate

SHELL PLACE

Available on request

The brief

The reason to consider it.

Located in the Cannon Bay Subdivision just off of the Grand Lucayan Waterway this waterfront property boasts 165 ft of Canal frontage. This land is situated in an area zoned for multifamily high rise. This area is very quiet and the perfect spot for someone with a boat. Measured a little under an acre this lot presents an excellent opportunity for anyone wishing to build anything from a high-end single-family home to a multi-unit dwelling.

Last confirmed

Type
Land
Land
32,001 ft²
Zoning
multifamily high rise
Subdivision approved
Yes
Permitted uses
Single family, Multi unit

What this listing includes

  • Water storage
  • On-site security

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