Caribbean MLSReal Estate

Vacant lot in Balmoral, Paradise Island

Available on request

The brief

The reason to consider it.

In the heart of Balmoral lies a charming vacant lot, awaiting its future owner with endless possibilities and untapped potential. With its prime location in this coveted neighborhood, the lot beckons with its promise of a unique canvas for architectural dreams. Measuring just enough to accommodate diverse visions of a bespoke residence or a stylish commercial venture, it invites imaginations to flourish. Surrounded by lush greenery and within proximity to amenities, it offers the perfect opportunity to shape your vision into reality and embrace the allure of Balmoral living.

Land
7,416 ft²
Zoning
residential
Topography
flat
Permitted uses
Single family, Commercial
Interior
Available on request
Year built
Available on request
Property type
Available on request

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