The Bahamas has a robust high-end real estate market. Private islands, fascinating historical sites, world-class amenities, and abundant chances to immerse yourself in nature awaits a select few.

Whether you’re looking for a luxury condo or a spacious house, The Bahamas has it all.

Not only do snowbirds love it here, but so do others who value tax incentives, excellent international schools, and signature architectural properties.

Types of Luxury Real Estate in The Bahamas

1. Private Islands

Imagine having your very own private island—how opulent!

An island in The Bahamas could be the ideal retreat for those who cherish seclusion and the beauty of nature. Having your private island in The Bahamas may give you the pinnacle of opulence and natural beauty. Envision yourself waking up every morning to the pristine turquoise waters encircling your private tropical paradise.

You can find the private islands ranging from $5,500,000 to $55,000,000

2. Luxury Condos

The Bahamas offers the most exquisite and accessible condominiums with breathtaking views and excellent amenities like modern infinity pools and state-of-the-art workout centers. For golf lovers, you can also find condo options that are near world-famous golf courses in communities like Ocean Club, Albany and Lyford Cay.

You will find luxury condos for your dream lifestyle, ranging from $500,000 to $8,000,000 and beyond.

3. Waterfront Luxury Properties

In The Bahamas, you can discover a wide variety of waterfront houses. The term “waterfront property” describes a house directly on or very close to a body of water. In communities like Sandyport in Nassau to out-island properties in Eleuthera and Exuma, many of these exquisite property types can be found.

The price range is $500,000 to $10,000,000 and beyond.

How to Purchase Real Estate in The Bahamas

There are a few things to remember when looking for a luxury real estate property in The Bahamas, such as:

• Finding the best opportunity: Finding a place perfect for your requirements and desires should be your top priority when searching for a new home in the Bahamas. Look at your wants and needs to determine the best kind of house for you. Your property may be close to some of the area’s finest fishing spots, marinas, or golf courses.Trust the knowledge of the advisors at BELC BAHAMAS to guide you forward.

• Consider a loan or mortgage: Locals and visitors to The Bahamas can get loans from any number of respectable financial institutions. Speak with one of our advisors to put you in touch with a loan officer for pre-approval.

• Submit an offer: Whether you prefer to search in person or virtually, BELC BAHAMAS can help you find your ideal property. To make finding a property as pleasant and stress-free as possible, contact our team to ensure you receive the most beneficial terms.

• Consult a nearby law firm: You should speak to lawyers in the area if you’re worried about not understanding the legal system in The Bahamas. Our network is extensive and we would be happy to put you in touch with reputable attorneys and firms.

Property Taxes

In the Bahamas, property taxes are due every year and are based on the assessed value of your home. For your ease, here are the results of the calculations:

1. Owner-Occupied properties:

• No payment is due up to $250,000 in market value.
• Between $250,000 and $500,000 in market value: 0.625%
• Beginning with the $500,000 level and continuing up to the $5,000,000 threshold: 1%
• For the portion of the market value exceeding $5,000,000: 0.5% to a maximum of $50,000 per annum

2. Unimproved Properties:

• Assuming a market value of $7,000 initially: $100
• For the portion of the market value above $7,000: 2%

3. Other Properties:

• Initial market valuation of $500,000: 1%
• For the portion of the market value that exceeds $500,000: 2%

So, it’s little wonder that real estate in The Bahamas is in high demand. With beautiful beaches, barefoot luxury culture, and outstanding investment possibilities, The Bahamas has some of the world’s finest luxury real estate.

Ready to invest in the Bahamas luxury real estate?

Contact BELC BAHAMAS immediately for further assistance!