Spanish Wells

Spanish Wells is a settlement on the island of St. George’s Cay off the northern tip of Eleuthera Island. It is a pristine and peaceful community largely free from the noise and traffic of more tourist-oriented areas. Residents enjoy powdery white sand beaches, water activities, fishing, snorkeling, and access to a range of modern amenities at the local village.


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Real Estate Statistics

Average Price $1.2M
Lowest Price $3K
Highest Price $2.1M
Total Listings 7
Avg. Price/SQFT $228

Property Types (active listings)

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Aerial view of beachfront homes in Spanish Wells, Bahamas

Spanish Wells Highlights

  • 01
    Two-mile powdery white sand beach that runs the entire northern shore of the island. Shallow waters and a large sandbar at low tide.
  • 02
    Fishing and diving: Deep sea and sports fishing for tuna, marlin, and wahoo. Snorkeling at the Devil’s Backbone barrier reef.
  • 03
    Shops and services: Convenient access to boutique shopping, locally owned restaurants, and services in the local fishing village.
  • 04
    Accessible via 10-minute ferry from Gene’s Bay Dock on Eleuthera Island, 5-minute drive from most parts of Russell Island

About Spanish Wells

Spanish Wells is a settlement in the Bahamas on the island of St. George’s Cay off the northern tip of Eleuthera Island. It is a pristine and peaceful community largely free from the noise and traffic of more tourist-oriented areas.

  • Location: St. George’s Cay off the northern tip of Eleuthera Island. Accessible via a 10-minute ferry from Eleuthera Island or via a short bridge from Russell Island.
  • Beach: Two-mile stretch of powdery white sand that runs the entire northern shore of the island. Known for its shallow waters and access to a large sandbar at low tide.
  • Property types: Cottages and single-family houses. Prices range depending on waterfront proximity and property size.
  • Community feel: Mostly full-time Bahamian residents. Golf carts are the primary mode of transportation on the island. The central fishing village includes many modern conveniences, including locally owned restaurants and boutique shopping.
Aerial view of the Spanish Wells fishing village at sunset in the Bahamas

Spanish Wells Amenities

Spanish Wells is centered on beach life and water sports, with ease of access to modern amenities in the local fishing village. Residents can enjoy a full range of activities locally, with other attractions close by on neighboring islands.

  • Beach:Two-mile powdery white sand beach, a popular spot for swimming, kayaking, paddleboarding, and sunbathing.
  • Fishing:Deep-sea and sports fishing for tuna, marlin, and wahoo.
  • Snorkeling:The Devil’s Backbone barrier reef is just 1.4 northeast of Spanish Wells off the north shore of Eleuthera.
  • Dining:20+ locally owned restaurants, including The Shipyard* on the easternmost tip of the island.
  • Day Trips & Excursions:Russell Island is accessible via a short bridge, Preacher’s Cave, and the Sapphire Blue Hole on Eleuthera Island via ferry.
  • Getting Around: Golf carts are the primary mode of transportation on the island, with rentals available for visitors.
Porchview of palm trees and the beach in Spanish Wells, Bahamas

Spanish Wells Real Estate FAQs

What types of real estate are available in Spanish Wells?

In Spanish Wells, the local real estate market is made up of cottages and single-family houses. Prices range depending on waterfront proximity and property size.

Can foreigners buy real estate in Spanish Wells, Bahamas?

Yes, foreigners can buy real estate in the Bahamas without ownership restrictions. The process requires partnering with a local Bahamian lawyer to manage the conveyancing. If you are purchasing a home for less than $500,000 USD, you will just need to register the property with the Investments Board post-closing. For real estate valued at $500,000 USD or higher, you must obtain formal government approval before the transaction can take place.

How do you get to Spanish Wells?

Spanish Wells is accessible via a 10-minute ferry from Gene’s Bay Dock on Eleuthera Island and a 5-minute drive from most parts of Russell Island. For those looking to travel from longer distances, Eleuthera Island has its own airport, and the “Bo Hengy” ferry from Nassau is available.

Are there property taxes in the Bahamas?

In the Bahamas, property owners pay an annual Real Property Tax. 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. For non-owner-occupied vacation and investment properties, consulting an attorney about the separate rate schedule is recommended.

Is Spanish Wells a good market for vacation rental income?

Yes. Spanish Wells can be a good market for vacation rental income. The absence of large hotels creates a low-inventory, high-demand market for private home rentals. Additionally, the peaceful and less crowded character of the community, along with the favorable tax structure of the Bahamas, can make a vacation rental property a solid investment.