Island in The Bahamas for Sale

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Blue Island, Exuma Cays Island for Sale in The Bahamas

 

Blue Island, Exuma Cays an Island for Sale in The Bahamas

 

Island in The Bahamas for Sale

With persons looking to quarantine remotely, the question frequently being asked is "Are there any island in The Bahamas for sale?"

It may not surprise you that in an archipelago of more than 700 islands and Cay, there are actually tens of private islands in Bahamas for sale. And The Bahamas with its 315 days of sunshine each year and more than 5,000 pristine white powdery sand beaches, stretched across some 100,000 square miles of the Atlantic Ocean, is one of the world’s foremost areas for private island hunting. 

While some of these islands can be purchased for as little as a few hundred thousand dollars, most cost considerably more and if you want one with docking facilities, electricity, and/or freshwater, you will likely have to spend much, much more. But you are sure to find an island in The Bahamas for sale that is just ideal for you.

So, who own islands in The Bahamas? Unsurprisingly, many celebrities including Julia Roberts, Eddie Murphy, David Copperfield, Tyler Perry, Faith Hill, Tim McGraw, and Johnny Depp have all found their piece of paradise and own private islands in The Bahamas. As well as countless corporate executives and well know families that own islands in The Bahamas.

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How much does a Bahamas Island cost?

How much does a Bahamas Island cost?

So how much does a Bahamas island cost? As indicated you can find islands in The Bahamas for under $1 million dollars but making it habitable will certainly cost you a lot more money. 

But if you enjoy spending the day on a sandy beach and swimming in pristine blue waters surrounded by gorgeous reefs and exotic marine life or you are dreaming of creating your own paradise resort or maybe buying a sprawling mansion complete with staff quarters is more your style or ready to purchase your own private island. Then you will find islands in the Bahamas that are very affordable and one that will suit your budget.

However, The Bahamas has some of the most expensive islands for sale in the world. Check out the video of these Bahamian islands currently available for sale that are amongst the most expensive in the world. 

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Can foreigners buy property in The Bahamas?

Can foreigners buy property in The Bahamas?

 

So, can foreigners buy property in The Bahamas? The answer is yes, and the good news is that the process of buying property in the Bahamas is really simple and there are no restrictions on foreigners buying islands in The Bahamas. 

Since the International Persons Landholding Act took effect in January 1994, replacing the Immovable Property Act of 1981, it has been much easier to purchase property in the Bahamas. 

A permit from the government is only needed if the property to be bought is more than five acres or is undeveloped land. 

Otherwise, the property must only be registered with the Investment Board and the Central Bank after the transaction. 

You do want to hire an attorney to check for encumbrances to the title and to ensure that the title is good. As breaks in the chain of title owners can reduce the marketability of the property.

To register your purchase of the property you simply submit your application to the office of the Prime Minister, with a copy of the conveyance (proof of ownership), evidence of payment of Stamp Duty, and Real Property Tax. Along with your Bankers Draft or Money Order payable to ´The Public Treasury´ for US$25.00 which is the application fee. A Certification of Registration will be issued afterward. 

And if you have questions about buying an island in The Bahamas, Call or WhatsApp Glenn Ferguson, our Bahamas Island for Sale Specialist and Bahamas Residency Consultant at 1-(242)-3895-8495 and let him help you with islands in The Bahamas for Sale.

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