Caribbean MLSReal Estate

WESTWARD VILLAS, W BAY ST

Available on request

The brief

The reason to consider it.

Discover a rare investment opportunity with these prime multi-family lots, perfectly positioned on each side of the existing 4 Unit complex in a highly sought-after neighborhood. Ideally suited for the booming short-term rental market, this location offers exceptional appeal with its close proximity to beaches, public transportation, and vibrant local attractions—making it a top choice for Airbnb guests and long-term tenants alike. Envision six additional upscale units on each side of the existing complex to meet the growing demand for flexible living and travel accommodations. With infrastructure in place and strong rental potential, these lots are ready for a developer with vision to capitalize on one of the most promising real estate sectors. Don’t miss your chance to build in a high-demand area with lasting value and market momentum.

Last confirmed

Type
Land
Land
41,786 ft²
Zoning
multi-family residential
Topography
flat
Subdivision approved
No
Permitted uses
Multi family units

What this listing includes

  • Beachfront
  • Beach access
  • Ocean view

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