Real Estate Statistics
| Average Price | $495K |
|---|---|
| Lowest Price | $800 |
| Highest Price | $13.5M |
| Total Listings | 444 |
| Avg. Price/SQFT | $91 |
Property Types (active listings)
Search Grand Bahama Real Estate Listings
- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
Grand Bahama Highlights
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01Eight major beaches including Lucaya Beach and Taino Beach. White sand, turquoise waters on protected coastlines.
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02Convenient coastal amenities: Beach and national park access, boating, sportsfishing, diving, snorkeling, and golfing.
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03Diverse real estate market: beachfront villas, condos, oceanfront estates often with private dockage, and select inland lots at various price points.
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04International airport (GIBA) with direct connections to Miami and Fort Lauderdale.
About Grand Bahama
Grand Bahama is the northernmost and third largest island in the Bahamas. It is popular with tourists thanks to its network of beaches and national parks and international airport, though residents enjoy a tight-knit community and slower pace of life compared to Nassau in New Providence.
- Location: The island includes the Grand Bahama International Airport, which offers direct service to South Florida, and a major port that receives cruise lines from Fort Lauderdale and Palm Beach.
- Beach: Network of beaches characterized by white sand, clear waters, and protected shorelines. Lucaya Beach and Taino Beach are close to resorts and tourist districts, while Gold Rock Beach offers a more secluded experience.
- Canal system: Extensive man-made canal system in Freeport offering private dockage and direct water access.
- Property types: Grand Bahama features a range of available properties, including beachfront villas, condos, oceanfront estates often with private dockage, and select inland lots. Pricing ranges depending on property type and lot size.
- Community feel: Mix of full-time residents, foreign retirees, and seasonal second-home owners. Characterized by a strong sense of community and a more relaxed lifestyle compared to Nassau in New Providence.
- Hawksbill Creek Agreement: Signed in 1955, this agreement established Grand Bahama as a free trade zone. Grand Bahama Port Authority (GBPA) license holders can take advantage of certain exemptions on income tax, capital gains, real estate, and private property.
- Hurricane Dorian: Category 5 storm struck in September 2019, damaging nearly half of the homes on the island. The market has since rebounded with increased condo investments, redevelopment, and short-term rentals.
Grand Bahama Amenities
Grand Bahama offers locals and visitors a wide range of coastal amenities, including beach and national park access, water sports, and golfing.
- Beaches: Sunbathing, swimming, and kayaking via a network of protected white-sand beaches.
- Boating and Fishing: Yachting and boating through the canals and neighboring cays. Deep-water sports fishing for tuna, marlin, and wahoo.
- Golf: The Reef and Fortune Hills championship-level courses both found in Freeport.
- Dining: A variety of bars and restaurants found at the Port Lucayan Marketplace, including the Flying Fish GastroBar and Rum Runners Bar & Grill.
- Day trips & Excursions: Guided kayaking with Grand Bahama Nature Tours, exploring the 40-acre Lucayan National Park, offshore diving and snorkeling at Paradise Cove (Deadman’s Reef), and shark diving at Tiger Beach.
- Getting around: Locals and visitors use a mix of public buses (“jitneys”), taxis, car rentals, and private vehicles to travel the island.
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Grand Bahama Real Estate FAQs
What types of real estate are available in Grand Bahama?
Available real estate in Grand Bahama includes beachfront villas, condos, oceanfront estates often with private dockage, and select inland lots. Real estate pricing on the island ranges depending on property type and lot size.
Can foreigners buy real estate in Grand Bahama, Bahamas?
Yes. Foreigners can buy real estate in the Bahamas. There are no restrictions on foreign ownership of residential property, though buyers are required to work with a local Bahamian lawyer to handle conveyancing. Purchases under $500,000 USD require registration with the Investments Board after closing. Transactions at $500,000 USD and above require prior government approval.
How do you get to Grand Bahama?
Grand Bahama has an international airport (GIBA) offering a 35-minute direct flight to South Florida. Western Air and Bahamair offer flights to and from Fort Lauderdale, with select airlines offering seasonal flights to and from Charlotte, Orlando, Toronto, and Montreal.
Are there property taxes in the Bahamas?
Yes. You can expect to pay an annual Real Property Tax for any owned property in the Bahamas. Homes valued between $300,000 and $500,000 USD are taxed at 0.625%, and amounts above $500,000 USD are taxed at 1% on the excess. Owner-occupied homes valued up to $300,000 USD are fully exempt. If you are seeking to purchase non-owner-occupied vacation and investment properties, it is recommended to consult a lawyer about the separate rate schedule.
What is the Hawksbill Creek Agreement?
The Hawksbill Creek Agreement established Grand Bahama as a free-trade zone in 1955. Depending on how property is purchased and if you hold a Grand Bahama Port Authority (GBPA) license, buyers can take advantage of significant exemptions on capital gains, real estate, and private property. It is recommended to consult a lawyer on the exact tax exemptions that you may qualify for.
Is Grand Bahama a good market for vacation rental income?
Yes. Grand Bahama is considered a strong market for vacation rental income thanks to its accessible value, tax advantages, and rebounding tourism. The Hawksbill Creek Agreement specifically can provide buyers with significant exemptions on property tax, capital gains, and real estate.