Caribbean MLSReal Estate

Vacant Land for sale - 23 Saffron Hill, West Bay Street, BS, Bahamas

Available on request

The brief

The reason to consider it.

This 6,720 sq. ft. vacant lot in Saffron Hill, conveniently located off West Bay Street, presents an excellent opportunity to build a private residence or investment property in a desirable area. Its location offers easy access to nearby beaches, shopping, dining, and other amenities, making it an ideal choice for homeowners or investors looking to develop in Western New Providence.

Last confirmed

Type
Land
Land
6,717 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