Homes for Sale in the Bahamas Under $500,000 | Nassau, Paradise Island & More

Bahamas Homes for Sale Under $500,000

Affordable properties in Nassau, Paradise Island, Eleuthera, Exuma & more

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Affordable Bahamas homes under $500,000 đź“ž Call Glenn
Glenn Ferguson Bahamas Real Estate Agent
Talk to Glenn Ferguson, Bahamas Real Estate Agent & Residency Consultant
WhatsApp | Call: +1-242-395-8495
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Quick Tip: Getting prequalified ensures you can move fast on bank-owned homes, condos, and starter properties—use the Pre-Qualify tool now.

Search live MLS listings of Bahamas homes under $500K.
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Tip: Use the MLS filters to set a maximum price of $500,000 and save your search for daily email updates.

Buyer Tips for Affordable Bahamas Real Estate

  • Get Prequalified: Secure a mortgage letter before you tour budget homes or investment condos.
  • Budget for Closing & Renovations: Stamp duty, legal fees, and hurricane-resilient upgrades add value.
  • Inspect Thoroughly: Check foundations, roofing, moisture, and flood zones on beachfront properties.
  • Tap Insider Deals: Glenn’s bank connections reveal foreclosures and distressed villas before public release.
  • Residency Benefits: Buying property can start your path to Bahamas residency and tax advantages.
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Bahamas Real Estate News & Buyer Tips

September 2025: Down Payment Trends for First-Time Buyers
Local banks are offering reduced down payment programs for qualified Bahamian citizens on homes under $500,000.
Tip: Ask Glenn about banks with the fastest approvals.
Policy Update: Streamlined Approval for Non-Residents
The Bahamas government has simplified paperwork for international buyers on sub-$500,000 homes. Get help from Glenn for the latest process.
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Why Buyers Choose Glenn Ferguson

“Glenn helped us secure a Nassau investment villa for under budget and guided us through financing and residency paperwork.”
— S.
“We got early access to a Paradise Island foreclosure and closed fast—thank you, Glenn!”
— D.

FAQs: Buying Bahamas Homes Under $500,000

Can foreigners buy property in the Bahamas?
Yes. International buyers can purchase real estate without restrictions. Properties over $750K may qualify you for accelerated permanent residency.
What financing options exist for Bahamian citizens?
Local banks provide mortgages with low down payments and special programs for first-time buyers. Glenn can connect you to top lenders.
Are there foreclosures and bank-owned deals?
Yes. Glenn provides early alerts to foreclosure, repossessed, and distressed homes under $500K—often before they’re widely marketed.
Can buying a $500K property help with Bahamas residency?
Residency typically requires $750K+ investment, but sub-$500K buyers can obtain homeowner permits and later upgrade to economic permanent residency.
Are there monthly payment options?
Seller-financing exists in select cases. Banks offer mortgages to citizens and permanent residents; some rent-to-own options may appear. Glenn will match the best route for your budget.
How do I get notified first about new homes?
Sign up for personalized alerts and get new listings 24 hours before they’re public. Glenn curates matches by island, neighborhood, and price.
What closing costs should I plan for?
Budget for legal fees, government stamp duty, VAT (where applicable), appraisal, inspection, and insurance. Glenn will outline a line-item estimate for each property.
How do flood zones and hurricanes affect buying?
Review flood maps, elevation, roof condition, and storm-resilient upgrades (impact windows/doors). Insurance quotes should be obtained early in due diligence.
Can non-residents get a mortgage?
Some local and international banks consider non-resident applicants with strong financials. Alternative: purchase cash, then refinance later. Glenn can introduce appropriate lenders.

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