Caribbean MLSReal Estate

THE GIBSON TRACT

Available on request

The brief

The reason to consider it.

The Gibson Tract is a great opportunity to own a sea-to-sea parcel of land with 1,600 ft of water frontage including 400 ft on the Caribbean side and 5 acres of land west of the King’s Highway. This will create the opportunity for two separate developments on each side of the highway. The land is high quality with great elevations over 40 ft and no low-lying areas, and the western side of the property overlooks the world-famous Windermere Island. The Savannah Sound area is poised for growth, making this acreage a great investment opportunity.

Last confirmed

Type
Land
Land
2,002,916 ft²
Topography
waterfront
Road frontage
1600 m
Elevation
40 m

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