How Much is a House in the Bahamas?

If you’re asking, “How much is a house in the Bahamas?” Let me give you the answer straight away. Home prices here start around $250,000.00 for condos and can exceed $20 million for luxury waterfront estates. Most mid-range homes fall between $500,000.00 and $2 million.

Hi, I’m Glenn Ferguson, Luxury Bahamas Real Estate Agent and Residency Consultant.  If you’re considering buying a house in the Bahamas, you’ve come to the right place. Beyond its beauty, the Bahamas offers financial benefits that make it an ideal destination for luxury homeowners and investors including tax-free living and residency options. 

So what determines these house prices and how you can find your perfect home?

The Key Factors Behind Bahamas House Prices

Several factors influence how much you’ll pay for a home in the Bahamas:

• Location is Everything:

  • Waterfront properties on Paradise Island or Eleuthera come with premium price tags due to their desirability.

  • Inland homes or those on smaller, quieter islands often cost less.

• Property Features and Style Matter:

  • Luxury Estates: Private docks, infinity pools, and panoramic ocean views set these homes apart.

  • Condos and Smaller Homes: Budget-friendly options that still offer a piece of paradise.

• Access to Amenities:

  • Properties close to marinas, golf courses, or resorts tend to be more expensive.

Bahamas House Prices at a Glance

Here’s a quick breakdown of typical home prices:

• Luxury Waterfront Homes: Starting at $3 million and climbing past $20 million.

• Mid-Range Properties: Between $500,000 and $2 million.

• Condos: Starting at $250,000 and reaching $1 million, depending on size and location.

Real Examples:

• A 3-bedroom villa on Paradise Island sold recently for $5.2 million.

• A charming 2-bedroom condo in Cable Beach was listed at $350,000.

Hidden Bahamas House Costs You Should Know

Don’t overlook these additional expenses when budgeting for your dream home:

• Stamp Duty: Ranges from 4%-10% based on property value.

• Legal Fees: Typically 2%-4% of the purchase price.

• Annual Property Taxes: These are relatively low compared to many countries.

• Maintenance Costs: This is especially important for luxury or oceanfront properties.

Why Choose the Bahamas for Your Home?

Here are a few reasons why the Bahamas is one of the best places to buy a home:

• Bahamas Tax Advantages:

  • No income, capital gains, or inheritance taxes.

  • Low property taxes.

• Bahamas Residency Perks:

  • A home worth $750,000 or more can fast-track your residency application.

• Dream Bahamas Lifestyle:

  • World-class beaches, vibrant culture, and year-round sunshine.

• Proximity to the U.S.:

  • Quick and easy access with frequent flights from major cities.

Your Questions About Bahamas Homes, Answered

1. Can foreigners buy property in the Bahamas?
   • Yes! The Bahamas welcomes international buyers with a straightforward process.
2. What extra costs should I budget for?
   • Plan for stamp duty, legal fees, and property taxes. These vary depending on the property’s value.
3. How do I choose the right location?
   • Think about your lifestyle:
     • Do you want the convenience of Nassau or Paradise Island?
     • Prefer a peaceful retreat on Eleuthera or Exuma?
     • Looking for exclusivity in a gated community?
4. Is financing an option?
   • Yes, local banks offer financing for foreign buyers, though rates may be higher than in your home country.

A Real Client’s Bahamas Home Journey

One of my clients, a retired couple from the UK, dreamed of owning a beachfront property under $2 million. Together, we found a beautiful $1.5 million home on Eleuthera. Today, they’re living their dream, waking up to ocean views and the sound of the waves.

Let’s Make Your Bahamas Dream Home a Reality

Whether you’re looking for a luxury villa, an oceanside condo, or an investment property, I’m here to help. With decades of experience in Bahamas real estate, I’ll guide you every step of the way.

Ask Glenn about Buying a House in the Bahamas

Explore Bahamas Home Options:

• Waterfront Homes in the Bahamas

• Residency by Investment in the Bahamas

• Paradise Island Real Estate

So, how much is a house in the Bahamas? Whether your budget is $250,000.00 or $20 million, there’s a perfect piece of paradise waiting for you. Let’s find it together!