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Average Price of Real Estate in The Bahamas [2024 Guide]

The Bahamas is one of the best places to visit and live in the world. Whether you’re interested in buying a private island, or rental property, or you’re looking for a future home, knowing the average price of real estate in The Bahamas can help guide your investment options.

Real estate in The Bahamas is as stunning and unique as the culture. The beaches are lined with waterfront properties overlooking the crystal-clear waters, while town centers often have apartment and condo buildings. Within nearly every luxury gated community, prospective home buyers can find available lots for sale, perfect for those who want to build their dream home from the ground. 

No matter what kind of real estate investment or purchase you’re ready to make, The Bahamas is one of the best places to invest in real estate. Here is your guide to all things Bahamas real estate, from the average cost of real estate, what you might expect when you’re buying property in The Bahamas, and the various types of property available on the islands.  

 

Cost of Bahamas Real Estate 

The average price of real estate in The Bahamas fluctuates, depending on several different factors. The average cost of luxury property in The Bahamas begins at $3 million for a typical home. The biggest factor that affects the price of real estate in The Bahamas is location. 

A home in a quiet area, like Dunmore Town will cost less than one situated in Nassau’s town center. If you’re considering buying a house in a luxury community, that will also increase your price. And the size of the property you’re investing in will also reflect on the price.

 

Average Price of Real Estate in The Bahamas by Location 

Since location is one of the biggest factors that dictate the average price of real estate in The Bahamas, it might be wise to give some thought to where you want to live. Here is the average price of real estate in some of the most popular cities and luxury communities in The Bahamas. 

Nassau, Bahamas Real Estate Prices 

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The capital city of The Bahamas is the hub of entertainment, culture, nightlife, fine dining, and nearly every Bahamian activity you can dream of. Nassau is usually the first stop for people visiting The Bahamas from all over the world, not only because it’s where the Lynden Pindling International Airport is located, but also because this city offers a unique experience to its home and property owners. 

There are several real estate options throughout Nassau. The price of real estate in Nassau fluctuates, depending on the size of your property, amenities, and other features included in your home. The average home in Nassau costs $721,340. Whether you’re looking for a smaller condo or want to invest in a luxury multi-family house, Nassau has something that will fit your budget and lifestyle. 

If you want to explore luxury properties in Nassau, check out Rodland Real Estate’s active listings now. 

Paradise Island Real Estate

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Paradise Island is located only 19 minutes away from the bustling city of Nassau. While Paradise Island offers all of the perks and amenities of living in a larger city, locals are encouraged to explore the rich history of the island as they walk through the parks, cays, and museums. 

Paradise Island’s stunning properties can start at around $520,00 on average, but prices fluctuate, depending on the size of your home and other factors. Although Paradise Island is not the capital city of The Bahamas, its location allows for a myriad of different real estate options at a slightly smaller price. 

Want to call Paradise Island your home? Contact Rodland Real Estate!

Cost of Abaco, Bahamas Real Estate

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Known as the boating capital of the world, Abaco is made up of a chain of islands that span 120 miles. Nearly everyone who visits this island comes in search of a fishing, boating, or snorkeling adventure. The Abacos offer a wide array of real estate and rental options for guests, renters, and home buyers. 

Based on current active listings, the average listing price for property in The Abacos is around $550,000. Whether you’d like to stay in a private villa by the ocean or invest in a multi-family home, these islands have the perfect place for you. 

Search all of Rodland Real Estate’s active listings in Abaco today!

Exuma, Bahamas Real Estate Prices

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Home of the world-famous swimming pigs, life in Exuma is a constant adventure. The island is made up of several different cays, all of which homeowners and guests are encouraged to explore. Because of Exuma’s luxury offerings, the average price of real estate averages out to about $1.2 million. The seaside town offers endless accreditations, luxury resorts, and activities for the entire family. Exuma’s luxury real estate offerings reflect Bahamian architecture and luxury. 

Browse Rodland Real Estate’s listings in Exuma and find your future home right now!

Harbour Island Real Estate

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Harbour Island sits on the coast of Eleuthera. The stunning island is home to the beautiful pink sand beaches. Residents can fill their days riding horses along the coast, renting golf carts to get around the island, or enjoying some of the best food in The Bahamas.

Real estate on Harbour Island is extremely sought-after, with the average price beginning at $1 million. The cost is well worth the experience of living on this spectacular island. Harbour Island offers the quintessential Bahamian experience, combining Bahamian culture and exciting adventures. 

If you want a home that opens up to a pink sand paradise, call Rodland Real Estate.

Real Estate Prices in Bimini, Bahamas

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Located only 50 miles off the coast of Florida, Bimini offers a beautiful blend of Bahamian and United States culture. The stunning island comprises several cays that some still believe to be the lost city of Atlantis. Bimini’s beautiful real estate, averaging around $4 million based on current active listings, also reflects a stunning blend of multiple cultures, as well as modernity. Similar to many other Bahamian islands, Bimini homeowners have full access to stunning, crystal-clear waters, exciting activities, and luxury accommodations. 

Ready to make Bimini your future home? Contact an agent at Rodland Real Estate and ask about their current listings. 

Albany, Bahamas Cost of Real Estate

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People from all over the world visit the luxury community of Albany, Bahamas, where luxury is inevitable. The average price of real estate in this stunning community varies depending on what you’re looking for, but you can expect to invest anywhere upwards of $3 million. 

The beautiful resort offers a luxurious stay for homeowners and guests alike. With a state-of-the-art golf course, a 71-slip mega-yacht marina, and various amenities, Albany is a dream location for many.

Luxury is just a click away when you partner with Rodland Real Estate! Browse through Rodland’s active listings in Albany, Bahamas

 

Types of Real Estate for Sale in The Bahamas

There are several real estate options throughout The Bahamas. Whether you’re looking for a large estate where you can build your dream home, or you’re interested in buying an apartment in the center of the city, The Bahamas has something for everyone. Every island in The Bahamas offers its residents a unique island experience. From a quiet beach town to a bustling city, The Bahamas are full of adventure. Here’s a look at the most popular real estate types in The Bahamas. 

Bahamas Homes & Estates for Sale

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The Bahamas is such a family-friendly island, so it’s no surprise that there are multi-family homes and large estates for sale throughout the islands. Rodland Real Estate offers multi-family homes, modern houses, and stunning estates throughout all of The Bahamas.   

Luxury Apartments & Condos in The Bahamas

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If you want to embrace island living, but don’t want to invest in a multi-family home, consider buying a condo or an apartment. Condos and apartments are a fantastic way for families and individuals to experience the luxurious amenities that locals enjoy but at a more affordable cost. Browse through Rodland’s available condos and apartments today!

Lots & Private Islands for Sale in The Bahamas

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If you’re having trouble finding exactly what you’re looking for or you already know you want to build your own home, consider buying a private island or a lot. The Bahamas has several private islands throughout its cays and waters that provide homeowners with complete privacy and control over their property. May luxury neighborhoods offer empty lots for sale, for those looking to build their dream home on the island. Rodland Real Estate has several vacant lots and private islands for sale throughout The Bahamas!

 

Benefits of Owning Real Estate in The Bahamas 

There are several benefits of owning real estate in The Bahamas. Although it’s impossible to cover all the perks of owning property in paradise, here are a few highlights:

  • Benefit from the tax incentives
  • Access stunning views, gorgeous nature reserves, and history.
  • Embrace a more laid-back lifestyle.
  • Proximity to the lively island nightlife.
  • Amenities and accommodations for those living in a luxury community

 

How to Buy Real Estate in The Bahamas

Now that you have a better idea of what real estate in The Bahamas looks like, you might be curious about how to buy property here. Here are a few things you might want to consider before making that purchase.

1. Establish a budget 

The first step you should take before making a large investment is figuring out your budget. The Bahamas offers a wide array of real estate options that align with different budgets. But you’ll want to know what exactly your budget is to make the best choice for your finances and future. Once you’ve decided on a number or range that you’re comfortable with, it’s time to find your dream home. 

2. Choose your Bahamas island & property type

The Bahamas’ diverse real estate market caters to nearly anyone who wants to purchase a home on the islands. Whether you’re interested in investing in a multi-family home in a luxury gated community, buying a private villa on a private island, or living in an apartment in the bustling capital city of Nassau, you’re sure to find the perfect home and island to fit your needs in The Bahamas.

3. Work with the best Bahamas real estate agency  

Once you know your budget and what kind of investment you’re looking for, it’s time to partner with the best real estate agency in The Bahamas. Rodland Real Estate has a unique approach to buying and selling property in The Bahamas. The team at Rodland understands that real estate is personal, which is one of the reasons why their approach is integrity-focused. 

Buyers who apply to be a member of Rodland Real Estate receive exclusive access to private listings that are not yet available to the general public. If you’re ready to find the perfect property in The Bahamas, contact Rodland Real Estate today!

 

More About the Average Price of Bahamas Real Estate

Investing in Bahamas real estate is both an exciting and important decision. Here are the answers to some frequently asked questions about real estate in The Bahamas 

What is the average cost of a house in The Bahamas? 

The average cost of a house in The Bahamas fluctuates depending on the house’s location, size, and other amenities your home might come with. Houses in luxury gated communities are more expensive than apartments in quiet beach islands, but all property in The Bahamas is worth the investment. 

Can a US citizen buy a house in The Bahamas? 

Yes, many U.S. citizens either move to The Bahamas full-time or own a vacation home in the islands and rent it out as an extra source of income. Because The Bahamas are so close to the United States, many U.S. citizens visit these islands frequently and manage their international investments there. 

Is buying property in The Bahamas a good investment? 

Not only is The Bahamas tax-friendly, but property in The Bahamas is only increasing in value. The Bahamas is ranked #3 in all the luxury locations globally, making it a great place for rental properties and increasing many homes’ resale value. 

 

Invest in Real Estate in The Bahamas 

The Bahamas is not only a beautiful place to live but also a great investment for those looking to embrace the island lifestyle on a more permanent basis. The Bahamas offers a variety of stunning real estate options, luxurious and exclusive communities, and ample opportunities for homeowners to experience the natural beauty of the islands. 

If you’re ready to purchase real estate in The Bahamas, partner with a real estate company that understands the ins and outs of the market. 

Rodland Real Estate’s unique approach to buying and selling property in The Bahamas allows its private members access to private luxury listings. Be the first to see properties that exceed your needs and provide you access to paradise when you partner with Rodland. 

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