Caribbean MLSReal Estate

SOUTHERN FANCY

Available on request

The brief

The reason to consider it.

Southern Fancy is an enchanting historic island cottage nestled in the heart of the picturesque Hope Town Settlement on Elbow Cay, Abaco, The Bahamas. This timeless residence, originally constructed circa 1865, boasts a rich heritage spanning 158 years, a testament to its enduring charm and classic appeal. Restored and renovated in 1953, 1991, and most recently in 2021, Southern Fancy blends the character of its past with the conveniences of modern living, all set against the breathtaking backdrop of oceanfront splendour.

Last confirmed

Year built
1900
Type
House
Land
14,456 ft²

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