Caribbean MLSReal Estate

Vacant Land for sale in Rainbow Bay, Bahamas

Available on request

The brief

The reason to consider it.

Large Lot in Rainbow Bay with potential views of the sound side of Eleuthera. A 15-minute walk to Rainbow Bay Beach. The location is perfect for first-time or second-home buyers. Rainbow Bay is a short drive to the Governor’s Harbour Airport and about 25 minutes from the settlement of Governor’s Harbour.
The Community of Rainbow Bay has a Tennis Court, a Boat Ramp, and several beaches.

Last confirmed

Type
Land
Land
Available on request

What this listing includes

  • Tennis court
  • Beach access

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