Eleuthera

Eleuthera

Eleuthera, Bahamas · 16.0 acres · Freehold

$4,950,000 USDListed 1 days ago
Acreage
16.0
Price/acre
$309,375 USD
Ownership
Freehold
Development
Partially Developed

About This Island

Pierre Island is a private haven in waiting. The 16-acre plot of land, located at the northern end of the Eleuthera archipelago, offers a complete roster of desirable features: from stunning Caribbean vistas and an abundance of native wildlife to existing pathways throughout the island and an established utility connection with the mainland. Here, an investor would have the scope to design and build their dream home. The property is also well connected, with the North Eleuthera Airport being less than 10 kilometres away – a valuable asset for those wanting to divide time between an island retreat and their main residence. Famous Harbour Island with it’s gourmet restaurants, marinas, and shopping is a 10 minute boat ride away.

Insights

Everything You Need To Know

Location
Bahamas
Approximate
Climate & Risk

Caribbean

Elevated Storm Risk
Monthly Probability Of Named Storm
1%
1%
1%
1%
2%
8%
15%
35%
55%
30%
8%
2%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Best Months To Visit
December – April
Avoid
August – October
Avg Named Storms / Year
14.4
Major Hurricanes (Last Decade)
11
The Caribbean hurricane belt sits north of 12°N latitude. Southern Caribbean (Aruba, Curaçao, Trinidad, Grenada) lies below this line and historically sees less than one major storm per decade — about 1/10th the risk of Bahamas or Cayman.
Sources: NOAA NHC, IPCC AR6, World Bank Climate Knowledge Portal · Updated 2026
Buying In Bahamas

Foreign Ownership Permitted

Allowed with Certificate of Registration from Investment Board

Ownership
freehold
Transfer Tax
10% (over $100K)
Annual Property Tax
1% (over $500K value)
Closing Time
60-120 days
Legal Fees (typical)
12.0% of price
Required Permits
Certificate of Registration
True Cost Estimator

What This Island Will Actually Cost

Beyond the asking price: closing, infrastructure, and the first year of operating costs.

$5.0MUSD
$300K$50M
Year-One Total Cost
$6,220,7001.3× Purchase
Purchase
$4,950,000
Closing Costs (~7%)
$346,500
Infrastructure
$600,000
Year 1 Operating
staff + tax + insurance + maint
$324,200
$4,950,000 USD
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