Status   ACTIVE  
113 Acre Oceanfront Land at New Grand Bahama
New Grand Bahama, Freeport, 00000 Canada

$25,000,000
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TypeLand
Square Footage113 ac
New Grand Bahama is located in southeastern Grand Bahama Island approximately a 30-45 minute drive from the Freeport International Airport which is a 30 minute flight from Miami International Airport. New Grand Bahama is a new upscale development area that features world class white sandy beaches and a very favorable development climate. Power, phone and water are available along the road that bisects the property so that just leaves sewage. A resort development will incur no property taxes for the first twenty years. In addition, there are no income taxes, capital gains taxes nor inheritance taxes in the Bahamas and importation of building materials for this development is duty-free. The buyer just needs an appropriate development plan and sufficient reserves to complete the proposed project and there should be no issue in regards to foreign ownership.