Bahamas Real Estate: Where Should You Buy?

With 20 major islands to choose from, decidingBimini
where to buy real estate in the Bahamas can beHemingway made his "island in the stream" famous as
overwhelming. This quick primer will make it easy toa center of deep-sea fishing, and it remains so today.
find the island that best fits your tastes and budget.Bimini is also just 50 miles from the east coast of
Nassau and FreeportFlorida, which ensures a good yachting crowd. Bimini
The cities of Nassau on New Providence Island andhas one major resort development, Bimini Bay Resort
Freeport on Grand Bahama are the only choices forand Casino. Bimini Bay has no casino, but it does offer
buyers who want urban or suburban surroundings andcondos with boat slips in the $600,000 range. The
the amenities that come with it--extensive shopping,only beachfront lot listed on Bimini, for comparison
a wide array of cultural opportunities, hospitals,purposes, is a 2.7 acre parcel for $1.7 million.
multiple golf courses, and direct flights to many majorEleuthera
airports.With sixty miles of beaches and only a few dozen
New Providence, a small island dominated by Nassauhotel rooms, Eleuthera is a paradise for beach lovers
and its suburbs, is home to 215,000 people-fullywho enjoy privacy and unspoiled natural beauty.
three-fourths of the Bahamas' population. Nassau hasEleuthera has four major resorts planned or
a busy downtown with both modern and historicunderway, but none is near completion yet, and
architecture, and on the outskirts, a strip of high-riseoverall, the island is still rustic and relatively unknown.
hotels and casinos along Cable Beach. Paradise Island,Eleuthera is therefore less expensive than Abaco and
connected to New Providence by a bridge, is homeExuma--one-acre beachfront lots sell in the $500,000
to the gargantuan Atlantis and other resorts. Newrange. With a population of 8000 and close proximity
Providence and Paradise Island have many gatedto resort-rich Harbour Island, Eleuthera has good
subdivisions and townhouse developments, as well asinfrastructure, stores, and services. If and when
high-rise condominiums. On average, real estate pricesEleuthera's nascent resorts succeed, prices may
here are much more expensive than elsewhere in thecatch up to Exuma and Abaco.
Bahamas. Expect to spend $1.5 million for a typicalAndros, Cat Island, Long Island
canal-front house in one of the popular gatedThese three islands are the next step up in
communities. A one-acre beachfront lot (the yardstickremoteness and the next step down in name
we will use throughout this article) would cost atrecognition, infrastructure, services, and prices.
least $3 million.Andros is said to be the largest unexplored landmass
Grand Bahama, the northernmost of the majorin the hemisphere. The island's interior is home to the
Bahamian islands, has a population of 50,000, thesix-foot iguanas, the rare Bahamian boa constrictor,
greatest part in and around Freeport. Grand Bahamaand who knows what else. The east coast of the
is almost 100 miles long, however, and unlike Newisland, the only populated area, has scattered villages
Providence, has less populated regions with desertedand miles of deserted beaches. For those not afraid
beaches and tropical pine forests. Lucaya, theof who-knows-what-else, beachfront lots on Andros
residential area of Freeport, has a vast network ofare selling in the $200,000 to $250,000 range.
interconnected canals lined with thousands of homeFifty miles long and with a population of only 1600,
lots. Canal-front lots are reasonably priced--in theCat Island is one place where you'll never have to
$125,000 to $250,000 range. One-acre beachfrontwait in line. Cat has many miles of spectacular
lots in Lucaya sell for $1.5 million and up.pink-sand beaches and several delightful boutique
The Out Islandsresorts. A one-acre beachfront lot will set you back
After Freeport, the largest "city" in the Bahamas is$350,000-400,000.
Marsh Harbour, with a population of only 5000. TheThe aptly named Long Island is 96 miles long and only
majority of settlements in the Bahamas are evenseven miles wide at its widest point. Long Island has
smaller, with just a few hundred souls. This is thea varied topography ranging from hills and cliffs in the
world of the Out Islands-large areas of untouchednorth, to flatlands in the south. Deadman's Cay, the
land with the occasional house or small village.commercial center, is fairly well equipped, with a
Abaco and Exumamedical clinic, banks, and well-stocked food stores.
The Abacos and Exumas are not adjacent physically,Prime beachfront lots on the island sell for $375,000,
but they have much in common. They are the mostand lots on a narrower beach are currently selling for
popular yachting destinations in the Bahamas, andas little as $185,000.
their islands and cays provide beautiful cruisingSan Salvador, Acklins, Crooked Island, Mayaguana,
grounds. Abaco and Exuma are better known thanInagua
the other Out Islands, and they each have severalFor the true pioneers among you, these islands are
major resort developments. Prices are thereforefarther south, more remote, and less populated. But
higher. One-acre beachfront lots on Great Exuma arethe prices are tempting. A four-acre beachfront lot
selling in the $1-2 million range. Abaco has prices in thison Crooked Island is selling for $525,000-95% less
range as well, but also less expensive beachfront inthan you would pay in Nassau.
some locations.