Caribbean MLSReal Estate

SOUTH PALMETTO POINT

Available on request

The brief

The reason to consider it.

Ranging in elevation from approximately 37 to 50 feet above sea level, the properties provide natural contour and excellent building conditions, with the potential for captivating western sea views overlooking the turquoise waters and the Pineapple Cays. The gradual slope enhances both privacy and architectural flexibility, allowing for a home design that maximizes light, views, and outdoor living. A beautiful sandy beach is just a short stroll away ideal for morning walks, afternoon swims, or relaxed sunset gatherings. The conveniences and local restaurants of Palmetto Point are nearby, with additional amenities, boutique shops, banking, and dining options just minutes away in Governor’s Harbour offering the perfect balance of tranquility and accessibility. Lot A comprises approximately 20,900 square feet, while the adjacent Lot B measures approximately 15,360 square feet. The lots may be purchased individually to build a private island residence, or together to create a more expansive estate setting with enhanced privacy and presence.

Type
Villa
Land
209,078 ft²
Year built
Available on request

What this listing includes

  • Pool
  • Garden
  • Terrace
  • Balcony
  • Beach access
  • Ocean view
  • Gated community
  • 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