Caribbean MLSReal Estate

SIMMS

Available on request

The brief

The reason to consider it.

Discover a unique development opportunity in Simms, Long Island—a charming town with a close-knit community of approximately 350 residents. This 118 acres waterfront property i offers stunning ocean views, rising to 70 feet, perfect for boat lovers with the south pier nearby as well as restaurants, pubs, marina, grocery, fuel stations, police station, post office, community center and church in close proximity. With established utilities, and essential services such as city water and sewage disposals are in the development phases, it’s an ideal location to build your dream home or development in the Bahamas.

Last confirmed

Type
Land
Land
5,140,811 ft²

What this listing includes

  • Beachfront
  • Marina
  • On-site security
  • Gated community
  • Ocean view
  • Water storage

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