Eleuthera Island Properties & Homes for Sale - Bahamas Real Estate (2024)

FAQs

What is the cheapest island in The Bahamas to buy a house? ›

Some more affordable Bahamian real estate destinations include Cat Island, Nassau outskirts, and Andros Island.

Ansell's agency, the average sale price across the Bahamas in 2020 was $359,079, with 3,179 homes listed for sale. In the first six months of 2021, the average price was up to $628,887, with 2,244 homes listed, a spike that reflected the surge of pent-up demand after transactions lagged for so long.

This laidback island where Lenny Kravitz and Mariah Carey both have homes has one 100-mile pot-holed road, dozens of deserted beaches, quaint clapboard homes and laidback friendly people.

Buying Property In The Bahamas

From the bustling capital city Nassau through to secluded, idyllic islands, property in the Bahamas offers paradise in countless ways. The laid-back pace of life is a compelling draw for prospective residents, while its favourable tax system is attractive for working families.

Yes, foreigners can buy property in The Bahamas and the Government of The Bahamas welcomes investment from overseas buyers. There are no restrictions on foreign buyers acquiring real estate in The Bahamas and foreign buyers enjoy the same rights as Bahamian citizens, including the right to purchase beachfront land.

Tim McGraw and Faith Hill own a home on the island of Eleuthera. Nicolas Cage used to own a private island in the Exuma Cays, but later sold it for a whopping price. Eddie Murphy owns a home on the island of Eleuthera. Michael Jordan owns a home on the island of Abaco.

Everything costs 50 to 100% more than it does in the U.S. Some regular visitors bring frozen meat and other expensive food items to the island to save money, which is legal (except for fresh fruits and vegetables). Liquor and wine is abundant and not expensive. Beer is abundant but expensive.

The estimate average salary for Eleuthera Bahamas employees is around $67,016 per year, or the hourly rate of Eleuthera Bahamas rate is $32.

Some rentals in the areas closer to settlements will have "city water", but it is still recommended that you filter this water or use bottled water for drinking. Many rentals do not have filtration systems but most will have some sort of water cooler or dispenser for 5 gallon water jugs.

What is Eleuthera best known for? ›

This pencil-thin island – it's only two miles wide – has miles of pink and white sand beaches and turquoise crystal-clear water. To be clear, this is not all sand and water. Eleuthera is known for the high cliffs that fringe the eastern side of the island, where the Atlantic Ocean crashes onto the rock.

The official language of The Bahamas is English. Many people speak an English-based creole language (called Bahamian Creole or Bahamian English or Bahamianese). Haitian Creole, a French-based creole language is spoken by Haitians and their descendants, who make up of about 25% of the total population.

Islands like Abaco, Eleuthera, Cat Island, Exuma and Long Island offer wonderful deals that are extremely affordable.

The cheapest Caribbean islands to invest in property are Saint Vincent and the Grenadines and the Dominican Republic. Among the islands that offer citizenship by investment, Grenada has the most affordable property. The average price per square metre there is $2,000. Can I get Caribbean citizenship by investment?

These include Lyford Cay and Old Fort Bay, two of the most well-established luxury residential communities in The Bahamas that feature grand waterfront houses and townhouses overlooking the marina. Lyford Cay, located on the western edge of New Providence, is among the most exclusive enclaves in the Caribbean.

The Abacos are considered some of the safest islands in The Bahamas and are known for being family-friendly. The Abaco Islands have only a population of around 17,000 and are made up of Great Abaco, Little Abaco, and several smaller barrier cays. See crime statistics in The Bahamas on the Royal Bahaman Police website.