Luxury real estate investment properties in the southern Bahamas.

Bahamas real estate photo

Sunset on Long Island Bahamas village property Starfish in the Caribbean side of the island Sunset from the beach Sea scene of Nassau sailboats Red flowers Boats at sunset in port Shallow water near the Port St George resort Small sailboat off-shore Stella Maris Prime real estate, house and dock Beautiful ocean view from Cape Santa Maria Sailboat on the beach Small beach with one set of footprints Abaco at sunset Bahamas real estate with a small boat dock Red flower Sea view, blue water Evening time at Port St George Bahamian islands Exuma sandbank Conch shell in the water Long Island starfish Sunset in the Bahamas Typical Stella Maris sunset Bahamas beachfront real estate World famous Deans Blue Hole Deals beach real estate
New leisure resort for the Stella Maris area of Long Island.
Port St George resort, Bahamas.
This new development is set on a 1000 acre site, located on Long Island in the Out Islands of the Bahamas.
The resort is situated approximately 350 miles from Fort Lauderdale, Florida and 160 miles from Nassau.
Long Island its-self is around 80 miles long, but only four miles wide, the island provides incredible views of both the Caribbean and the Atlantic Ocean.
The resort of Port St George can be easily accessed by daily flights from Nassau International Airport, private aircraft or by private boat.
The project will provide the ultimate in tropical island living with water always in constant view. Views of the Caribbean, the marina, the lakes, or the Atlantic Ocean will always be seen.
The Port St George land use plan takes advantage of the site's natural features to provide the best amenities and resort living. The master plan was created to accentuate the natural and cultural resources of the Out Islands and provide the best in luxury amenities for both residents and visitors alike. As one of the worlds leading locations for water sports from scuba diving to sailing, the pristine Caribbean beaches and the rugged Atlantic coastline offer tourists a diverse Caribbean destination. The island's location, proximity to airlift, marina and planned facilities and amenities further enhance the allure of the resort at Port St George on Long Island, Bahamas.
Real estate in the Port St George community will be comprised of around 1200 residential units, a 640 slip marina and yacht club, a branded 18 hole golf course and club, tennis center, beach club and 150-200 room hotel, making it an outstanding opportunity to buy off-plan real estate at an up-scale resort in the spectacular Bahamas Out Islands at pre-construction prices.
To learn more about individual marina, golf and lake-side properties Email for further details.
The main islands of the Bahamas.

Berry Islands
Cat Island
Crooked Island
Exuma Cays
Grand Bahama
Harbour Island
Long Island
New Providence
Paradise Island
Ragged Island
Rose Island
Rum Cay
San Salvador
Bahamas property investment information.

Current Legislation.

The International Persons Landholding Act, 1993.

The repeal on the 1st January, 1994 of The Immovable Property (Acquisition by Foreign Persons) Act drew a sigh of relief from many attorneys and real estate agents. For years, these professionals had complained that the Act made the acquisition of land in The Bahamas by foreign persons cumbersome and that it acted as a deterrent to legitimate investment.


The International Persons Landholding Act 1993 encourages foreigners or companies owned by them to purchase real estate, a second or vacation home in The Bahamas as this area was thought to have the most significant potential. If a foreigner acquires a single family dwelling or vacant land to be used in the construction of such a dwelling then he no longer need obtain a permit from the Government, specifically the Investments Board, prior to purchasing real estate. He need only register the acquisition subsequently with the Investments Board.
Permanent residents of The Bahamas and foreigners who inherit property in the Bahamas are now treated more kindly. In neither case are they to obtain a permit before acquiring land but must merely register subsequently.


The foreigner will require a permit however if the property is undeveloped land of five acres or larger, or the property is not a private residence, or it is not intended for development as such.
Failure to obtain a permit will render the acquisition null and void but the foreigner will be entitled to recover all monies paid in consideration of the acquisition less any legitimate deductions. If a permit has been granted for the acquisition of land and the intended usage changes then the permit must be varied by the Board otherwise it will be invalid.
A registration certificate or permit must be included along with title documents to be recorded in the Registrar General's Office otherwise the recording will be null and void.


The new act is not intended to be a stumbling block for legitimate credit transactions. It provides that licensed banks, trust and insurance companies who acquire an interest in or take possession of property under a Court Order must register that acquisition or fact of possession. Acquisition by way of foreclosure under a mortgage or of land acquired by an authorized foreign state will not require a permit but must be registered.


In line with its policy of encouraging foreign investment, the government has included in this act a provision that a foreigner no longer pays a double rate of stamp duty. He now pays the same single rate as a Bahamian.
Furthermore, a foreigner who owns a home in the Bahamas may now obtain an annual home owner resident card upon application and payment of a fee to the Director of Immigration. The Card authorizes the entry of the holder and his immediate family. Their stay in the Bahamas is authorized provided there are no restrictions for policy reasons or under the Immigration Act.

Schedule of Fees.

Application for registration, $25.00
Application for permit, $25.00
Certificate of registration,
(a) the value of the property is $50,000 or less, $50.00
(b) the value of the property is over $50,000 but under $101,000 - $75.00
(c) the value of the property is $101,000 and over, $100.00
Home owner resident card, $500.00

Stamp Duties and Taxes

The Government stamp tax on property conveyances. A graduated tax is payable on the conveyance of all real property in The Bahamas based on the value as follows,
Up to and including $20,000, 2%
From $20,000.01 to $50,000, 4%
From $50,000.01 to $100,000, 6%
From $100,000.01 to $250,000, 8%
Over 250,000.01 and over, 10%

The usual practice in the Bahamas is for the tax to be shared equally between buyer and seller unless otherwise agreed upon.

Real property tax.

The statutes provide for a general assessment of real property by the Chief Valuation Officer of the Commonwealth of The Bahamas. This applies to Bahamians and non Bahamians owning real property in The Bahamas not exempt from taxation as indicated in "Remarks". "Bahamian" is defined as a citizen of The Bahamas or as a company registered under The Companies Act in which at least 60 per cent of the shares are owned beneficially by Bahamians. The returns are due on or before December 31 each year and must be filed with The Chief Valuation Officer of the Commonwealth of The Bahamas. Owners are required to file a Declaration of Real Property.

The return must be signed by the owner and witnessed by an "authorized person", defined as a magistrate, attorney, registered medical practitioner, bank officer, minister of religion, justice of the peace or notary public within The Bahamas or similar person outside the Commonwealth. Such forms may be obtained from the Chief Valuation Officer. Property is assessed before October 15. The Chief Valuation Officer may, if it appears that any property subject to assessment has not been assessed, within the next 10 years, assess the property. The Chief Valuation Officer is also required to publish before October 15, (once in The Gazette and once in a daily newspaper published and circulated in The Bahamas), a notice, stating,
Copies of the assessment lists are available to the public at the Treasury and office of the Chief Valuation Officer,
Assessment notices for each owner of property liable to tax are available at places specified in the notice,
Five days after the notice's publication, a notice of assessment is deemed served on every owner of property subject to tax,
A notice of assessment may be sent by mail to any owner of property by the Chief Valuation Officer after publication in The Gazette,
Any other matters which the Chief Valuation Officer, with the Minister's approval, deems necessary.
Objection to a notice of assessment must be made in writing to the Chief Valuation Officer, within 30 days of service of the notice, stating grounds upon which the objection is made. The Chief Valuation Officer may request that the tax levied be paid in whole or in part at the time of objection.
Taxes are due within 60 days of the date on which the assessment notice is deemed to have been served. Also, payment of one or more quarterly installments must be made within those 60 days. These payments should be made to the Public Treasury in Bahamian or US dollars, preferably as a bank draft or international postal order. Personal cheques are not acceptable.

Rates of taxes.

Effective from January 1, 1994, the rates of tax on real property are as follows,
Owner-occupied property:
The first $100,000 is tax exempt.
On that portion in excess of $100,000 and less than $500,000 the rate of tax is 1 per cent of the market value of the property,
On the portion in excess of $500,000 the tax rate is 1.5 per cent of the market value of the property.
In respect of unimproved property other than unimproved property exempt by virtue of Section 39 of the Real Property Tax Act,
Upon that part of the market value that does not exceed $3,000 a fee of $30.00.
Upon that part of the market value which exceeds $3,000 but does not exceed $100,000 a tax rate of 1% per annum of the market value of the property.
In respect of any other property,
Upon that part of the market value that does not exceed $500,000 a tax at the rate of 1 per cent per annum of the market value,
Upon that part of the market value in excess of $500,000 a tax at the rate of 2 per cent of the market value of the property.
"Market Value" is defined as the amount the property would realize, if sold in the open market, without any encumbrances or restrictions. If the return is not filed, the owner is guilty of an offense, and upon conviction thereof, may be fined up to $3,000. Persons knowingly making false statements may be liable upon conviction to a fine of up to $3,000 or six months imprisonment, or both fine and imprisonment. If the tax is not paid on or before the last day the tax becomes due, a 10 per cent surcharge is added.
In the case of an extension of time, the Chief Valuation Officer may postpone the date on which the tax is payable in a particular case, by notice in writing.


Property owned by Bahamians and situated in the Family Islands is exempt from property tax. Property approved as commercial farm land (by the Ministers of Agriculture, Trade and Industry and Finance) is eligible for property tax exemptions.
Also exempt from property tax are,
Unimproved property owned by Bahamians, meaning property without physical additions or alterations, or any works benefitting the land which have not increased the market value thereof by $5,000 or more,
Places of religious worship, school buildings and their gardens and playing areas,
Property owned by foreign governments,
Property owned by foreign nations used for consular offices or residences of consular officials and employees,
Property used exclusively for charitable or public service from which no profit is derived.
The costs involved in buying or selling property.
A typical sale, which is called a "Gross Sale", assumes that the vendor will be responsible for the payment of,
The real estate agents commission, if an agent is involved. The commission on the sale of residential developed property is 6 per cent of the gross sales price. The commission on the sale of undeveloped property is 10 per cent.
The Government Stamp Duty (Tax on the conveyance of real property). This is a graduated Tax. The total amount of the Tax is calculated as follows,
When the value of the consideration is less than $20,000, the rate is 2 per cent
When the value of the consideration is equal to or greater than $20,000 and is less than $50,000, the rate is 4 per cent
When the value of the consideration is equal to or greater than $50,000 and is less than $100,000, the rate is 6 per cent
When the value of the consideration is equal to or greater than $100,000 and is less than $250,000, the rate is 8 per cent

When the value of the consideration is equal to or greater than $250,000, the rate is 10 per cent

This tax is split between the vendor and the purchaser.

The vendor's legal fees. The legal fees on a sale or purchase are usually 2 1/2 per cent of the first $500,000, 2 per cent of the next $500,000, 1 per cent of the next $4,000,000 and 1/2 per cent thereafter.

The Purchaser will be responsible for,
1/2 of the Government stamp tax as set out above,

The purchaser's legal fees as detailed above. This fee includes the lawyers Opinion on the title to the property.
Recording fees, $3.50 per page, on the conveyance and other closing documents which need to be recorded.
Payment of the permit under the International Persons Landholding Act if applicable.
In the event that the sale is a "Net Sale" the purchaser would be responsible for payment of all of the above-mentioned fees.

All about immigration.


Everyone entering The Bahamas must fill out an embarkation/disembarkation card usually provided by the travel agent, airline or ship. Non residents surrender the specified part when departing.


Canadian citizens, United Kingdom subjects and those of British Colonies unless stay exceeds 3 weeks.
U.S. Citizens on regularly scheduled airlines, pre cleared for return at U.S Customs and Immigration at Nassau International Airport. Proof of citizenship is required, however, and may include: U.S. Passport, even if expired; birth certificate, baptismal certificate bearing church seal, original naturalization certificates. Unacceptable documents, except as supporting information, social security cards, voters registration cards, membership cards, drivers licenses. Visas are not required for U.S. citizens entering as bona fide visitors if stays are eight months or less.


Persons possessing a valid Bahamian residence or work permit from the Director of Immigration, persons in transit including stateless persons with valid refugee and stateless person documents if they have tickets onward and stay no longer than three days.


Applications should be made to the nearest Bahamian or British Consular Office. Citizens of Haiti and South Africa require visas, even in direct transit by air.


All Communist countries, Dominican Republic except in transit, Haiti, South Africa. If in doubt, check with the Immigration Department, P.O. Box N-831. Nassau, The Bahamas. Tel. 2423227530.


Eight months with proper documents including a return ticket and evidence of financial support. Those wishing longer stays may apply for temporary residence to The Director of Immigration Department, P.O. Box N 831. Nassau, The Bahamas. Tel. 2423227530. Visitors and temporary residents may not engage in gainful employment while in The Bahamas.

Links to similar Bahamas real estate, property and investment sites.

Port St George details

Port St George resort Long Island Bahamas

Photos of Long Island and the Bahamas

Port St George marina and golf resort.

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