Great Deals on Island Lots
Stella Maris, Long Island,
Nassau, Bahamas
Listing#: 316
Buy a piece of Paradise! Great deals on property for sale in beautiful Stella Maris, Long Island, Bahamas. All of these lots have clear title. Long Island is a sparkling, magical, and friendly island, with rolling hills, dramatic ocean views and secluded white beaches. The sun rises brightly above the deep blue Atlantic and descends with stunning sunsets on the Caribbean side of this peaceful island.
Location: Stella Maris, Long Island, Bahamas
Own a Piece of Paradise From Only $25,000!
Residential Lot - 11,700 sq. ft.
See Listing #317
On a main road in the area of the proposed new shopping centre and golf course. Approx. 1 mile to Stella Maris Resort and 1/3rd mile to International Airport. Near Marina and beaches.
10 - 15 ft. above sea level. Flat surface.
Asking Price: $25,000
MOTIVATED BUYER -
WILL CONSIDER OFFERS!
Western side of Stella Maris - 11,700 sq. ft. lot
(146.25' x 80'). On a hill overlooking an area reserved for a park. About 600 ft. from the Queens Highway. View of Exuma Sound. Approx. 40 ft. above sea level.
OWNER MUST SELL!
Asking Price: $30,000
Flat terrain - 11,700 sq. ft.
This lot is in the middle of the Stella Maris land, flat, with potential views to the west shore/Adderleys Bay/Exuma Bank if purchaser builds up. Elevation above ocean is about 10 ft., there being no hurricane high water inundation problem/potential.
Asking Price: $28,890
Ridge/slope -16,000 sq. ft.
Located at the northern part of Stella Maris. No view potential, flat, but safe elevation above ocean - approx. 40 ft. - 50 ft.
Asking Price: $37,890
Hilltop - 11,794 sq. ft. / 11,723 sq. ft.
These lots are located at the very northern edge of Stella Maris Estate. Very nice view potential towards the NW over miles of Long Island, the west banks, to/across Cape Santa Maria/Hog Cay etc.
Asking Price: $41,890 / $43,890
Flat terrain - 30,000 sq. ft.
Fairly flat, middle of the Stella Maris land, but near Airport. Elevation above ocean approx. 20 ft. View potential towards the west only if building high.
Asking Price: $48,000
Ridge, High elevation - 15,000 sq. ft. SEE LISTING #318
This lot will be near the proposed Port St. George Golf Course and Marina, looking onto/into parts of Port St. George. It has a top elevation of 160 ft. above ocean. The view to the west is open across large parts of Long Island south and west and north-west and across Adderleys Bay and the Exuma Sound. The surface of the lot is smoothly curving towards the west. Electricity is nearby. Bush growth is around 10 ft. high. The surrounding area is very pleasing, with constant ups and downs of the surfaces!
Asking Price: $48,000
NOTE: This owner also has another lot (approx. 13,000 sq. ft., with elevation of about 190 ft. above ocean)
nearer to the main road, which he will sell for $48,000, or he would sell the two lots for $90,000.
Beautiful Ocean View Lot - 24,702 sq. ft. See Listing #307 - OWNER FINANCING AVAILABLE!
Right in Stella Maris Estate, approx. half mile from the Stella Maris Resort. About half mile to nearest beach. 300 yards from the sea.
Asking Price: $195,000
"Breezy Hill" - Large Multi-family lot (220 ft. above ocean). See Listing #320
36,982 sq. ft. Panoramic ocean and island views. Approx. 1,000 ft. from Atlantic shore.
Three quarter mile from the Stella Maris Resort Club.
This is a beautiful ocean view lot, zoned for multi-family. Also, it could easily be subdivided
into two lots, making two very substantial and beautiful, one of a kind residential properties.
Asking Price: $300,000
Two ocean/beach front lots - SEE LISTING #319
Side by side. Spectacular Atlantic views. Directly above beautiful beach. Lots slope gently and pleasantly towards the west (road side) as well as towards the south. About a mile from the Stella Maris Resort. Approx. 2,000 ft. from Love Beaches. Electricity and telephone next to lots. One lot is 40’ – 50’ above ocean. 27,816 sq. ft. (over half an acre). The other lot is 50’ – 60’ above ocean. 38,355 sq. ft. (almost an acre). Can be sold separately.
Asking Price: $325,000 / $350,000
Note: All of the above lots are in a near or short-distance vicinity of existing electricity lines (such lines/poles also being used for communication wiring). Also, see 3-acre lots for $195,000 each (Ref. #s 303, 301 and 311)
Contact Us
About Stella Maris
Stella Maris is the community name for this development area once known as "Adderley's Plantation". Homes here have passed the 100-mark. Shops, clinics, schools and churches are within easy reach in nearby settlements.
Stella Maris consists of some 3,000 acres (about 1 to 2 miles from west to east and 3 miles north to south) with a mid-sized "Sun and Sea" resort hotel, marina & yacht club, tennis club, post office, international airport with airline and charter services, electricity, water and related utility services. A bank and laundromat are just a few hundred feet from the Stella Maris Marina. Most of the property is well above sea level.
The master plan for the future of Stella Maris includes upscale homes with beautiful ocean views, canal front property with private dockage, yacht club, shops, restaurants, bars and championship golf course:
Master Plan - Prices can only go up!
Getting there
Major international airlines, including Delta, British Airways, Air Jamaica, American Eagle, U.S. Airways, Spirit, Song, Jet Blue and Continental fly into Nassau, Bahamas.
From Nassau there are daily flights to Long Island on Bahamasair. In addition, the Resort Air Service provides for connections with all major carriers into Nassau or with American Eagle into George Town, Exuma.
Contact Us for reservations on the Resort Air Service or for accommodation at the Resort. Approximate flight times: From Nassau to Long Island - 40 minutes on Bahamasair or one hour on the Resort's plane. George Town, Exuma, to Stella Maris - twenty minutes.
Legal Fees
Legal fees are usually 2.5%.
10% deposit is required to hold lot (held in escrow by the attorneys), with the balance on completion.
At completion
Stamp Tax is shared equally between the buyer and the seller. This tax is payable on the conveyance of all real property in the Bahamas, based on the value as follows:
The Conveyance will be prepared by the attorneys.
There is also the filing of the Declaration of Real Property with the Real Property Tax Department.
Incidentals would be paid by the incurring party (Purchaser or Vendor as applicable). When the purchase price of the property and closing costs are paid for in full, Title will be publicly registered with the Bahamas Government at the office of the Registrar General. After registration, Purchaser will receive the Deed of Conveyance ("Title Deed"). If required, a copy of the Conveyance stamped by the Public Treasury that the stamp duty is paid, can be provided to the Purchaser by the attorneys on request, prior to the original going to the Registrar General's office to be registered.
Non-Bahamians
Before the Conveyance can be recorded at the office of the Registrar General, application must be made to the Investments Board for a Certificate of Registration if the applicant/purchaser does not already own property in the Bahamas. If the applicant/purchaser already owns property in the Bahamas and/or is purchasing additional property, or property for use other than as a single family residence, a Permit must be applied for by the local attorneys prior to the purchase. A permit is also required in certain other circumstances.
Also, non Bahamian purchasers are required to complete a due diligence form, supplied by the attorneys, so they can comply with the provisions of the "Financial Transactions Reporting Act 2000" wherein the attorneys are required to verify to the Bahamas Investments Board that due diligence has been completed. This allows the attorneys to complete the relevant applications for the Certificate of Registration and/or Permit.
Once a transaction is complete, the Exchange Control Department of the Central Bank of the Bahamas provides Approved Investment Status to a foreign purchaser upon application being made to that Department with supporting documentation (i.e. evidence that the purchase was made in a foreign currency and either converted to Bahamian dollars by the Seller or retained in the foreign currency by the Seller with the prior permission of the Exchange Control Department).
This approval would facilitate the conversion of funds to foreign currency for repatriation if the property is subsequently sold to a Bahamian citizen.
Home Owners Residence Card
A foreigner who purchases a second home in the Bahamas or builds a second home in the Bahamas, can apply under the provisions of the International Persons Landholding Act to the Bahamas Immigration Department for a Home Owners Residence Card. This would entitle him/her and spouse and dependant children entry into the Bahamas for a period of one year. The card is renewable annually and the annual cost (payable to the Bahamas Government) is $500.
Permanent Residence
Accelerated consideration of applications for annual or permanent residence will be given to major international investors and fit and proper owners of residences valued at $1.5 million or more.
Visitors to the Bahamas
Entry requirements can be found on the Official Tourism Website of the Islands of the Bahamas.
The maximum amount of time allowed visitors on entering the Bahamas is at the discretion of the Bahamas Immigration Department. However, visitors may apply to the Bahamas Immigration Department for extensions of stay.
Real Property Tax
In respect of owner-occupied property:
In respect of unimproved property other than unimproved property
exempt by virtue of Section 39 of the Real Property Tax Act:
In respect of any other property:
Market value is defined as the amount the property would realize, if sold in the open market, without any encumbrances or restrictions. If the return is not filed, the owner is guilty of an offense, and upon conviction thereof, may be fined. Persons knowingly making false statements may be liable to fines, imprisonment, or both fines and imprisonment. If the tax is not paid on or before the last day the tax becomes due, a surcharge will be added.
In the case of an extension of time, the Chief Valuation Officer may postpone the date on which the tax is payable in a particular case, by notice in writing.
Exemptions
Property owned by Bahamians and situated in the Family Islands is exempt from property tax. Property approved as commercial farm land (by the Minister of Agriculture and Marine Resources, and the Minister Finance) may be eligible for property tax exemptions.
Unimproved property owned by Bahamians, meaning property without physical additions or alterations, or any works benefiting the land which have not increased the market value thereof by $5,000 or more.
Places of religious worship.
School buildings and their gardens and playing areas.
Property owned by foreign governments.
Property owned by foreign nations used for consular offices or residences of consular officials and employees.
Property used exclusively for charitable or public service from which no profit is derived.
Regulations for Use and Building
Residential Lots
Minimum size 900 sq. ft. Maximum: One Duplex Apartment Building comprising of no more than four units as long as lot has minimum of 15,000 sq. ft. size. Minimum distances to be maintained: Front road line - 30' Side line - 10' Rear line - 10'. Purchaser should comply with all further stipulations of the "Schedule of Restrictive Covenants".
Building Costs
Building costs are $90 - $150 per square foot, depending on the style of home, topography of the land and which local contractor is used.
Utilities
Some home owners install rain water tanks and/or drill wells, but government water is available.
Electricity supply is installed in some areas and accessible in others, i.e. electricity poles may be within close vicinity of a lot or could be several lots away.
Sewerage is by septic tank.
Telephone, internet and television service is available.
Home owners at Stella Maris currently pay $45 annually for disposal of refuse.
Other costs for home owners
There are currently no formal "maintenance" fees. However, there is a voluntary annual contribution to the Stella Maris Home Owners' Association of $250.
The Association uses this (in addition to ongoing improvements made by Stella Maris itself) towards road maintenance, road side bush trimming, maintenance of the waste management facility, additional improvements or special needs.
Stella Maris, Long Island,
Nassau, Bahamas
Exclusive Listings
Listing#: 316
Buy a piece of Paradise! Great deals on property for sale in beautiful Stella Maris, Long Island, Bahamas. All of these lots have clear title. Long Island is a sparkling, magical, and friendly island, with rolling hills, dramatic ocean views and secluded white beaches. The sun rises brightly above the deep blue Atlantic and descends with stunning sunsets on the Caribbean side of this peaceful island.
Location: Stella Maris, Long Island, Bahamas
Own a Piece of Paradise From Only $25,000!
Residential Lot - 11,700 sq. ft.
See Listing #317
On a main road in the area of the proposed new shopping centre and golf course. Approx. 1 mile to Stella Maris Resort and 1/3rd mile to International Airport. Near Marina and beaches.
10 - 15 ft. above sea level. Flat surface.
Asking Price: $25,000
MOTIVATED BUYER -
WILL CONSIDER OFFERS!
Western side of Stella Maris - 11,700 sq. ft. lot
(146.25' x 80'). On a hill overlooking an area reserved for a park. About 600 ft. from the Queens Highway. View of Exuma Sound. Approx. 40 ft. above sea level.
OWNER MUST SELL!
Asking Price: $30,000
Flat terrain - 11,700 sq. ft.
This lot is in the middle of the Stella Maris land, flat, with potential views to the west shore/Adderleys Bay/Exuma Bank if purchaser builds up. Elevation above ocean is about 10 ft., there being no hurricane high water inundation problem/potential.
Asking Price: $28,890
Ridge/slope -16,000 sq. ft.
Located at the northern part of Stella Maris. No view potential, flat, but safe elevation above ocean - approx. 40 ft. - 50 ft.
Asking Price: $37,890
Hilltop - 11,794 sq. ft. / 11,723 sq. ft.
These lots are located at the very northern edge of Stella Maris Estate. Very nice view potential towards the NW over miles of Long Island, the west banks, to/across Cape Santa Maria/Hog Cay etc.
Asking Price: $41,890 / $43,890
Flat terrain - 30,000 sq. ft.
Fairly flat, middle of the Stella Maris land, but near Airport. Elevation above ocean approx. 20 ft. View potential towards the west only if building high.
Asking Price: $48,000
Ridge, High elevation - 15,000 sq. ft. SEE LISTING #318
This lot will be near the proposed Port St. George Golf Course and Marina, looking onto/into parts of Port St. George. It has a top elevation of 160 ft. above ocean. The view to the west is open across large parts of Long Island south and west and north-west and across Adderleys Bay and the Exuma Sound. The surface of the lot is smoothly curving towards the west. Electricity is nearby. Bush growth is around 10 ft. high. The surrounding area is very pleasing, with constant ups and downs of the surfaces!
Asking Price: $48,000
NOTE: This owner also has another lot (approx. 13,000 sq. ft., with elevation of about 190 ft. above ocean)
nearer to the main road, which he will sell for $48,000, or he would sell the two lots for $90,000.
Beautiful Ocean View Lot - 24,702 sq. ft. See Listing #307 - OWNER FINANCING AVAILABLE!
Right in Stella Maris Estate, approx. half mile from the Stella Maris Resort. About half mile to nearest beach. 300 yards from the sea.
Asking Price: $195,000
"Breezy Hill" - Large Multi-family lot (220 ft. above ocean). See Listing #320
36,982 sq. ft. Panoramic ocean and island views. Approx. 1,000 ft. from Atlantic shore.
Three quarter mile from the Stella Maris Resort Club.
This is a beautiful ocean view lot, zoned for multi-family. Also, it could easily be subdivided
into two lots, making two very substantial and beautiful, one of a kind residential properties.
Asking Price: $300,000
Two ocean/beach front lots - SEE LISTING #319
Side by side. Spectacular Atlantic views. Directly above beautiful beach. Lots slope gently and pleasantly towards the west (road side) as well as towards the south. About a mile from the Stella Maris Resort. Approx. 2,000 ft. from Love Beaches. Electricity and telephone next to lots. One lot is 40’ – 50’ above ocean. 27,816 sq. ft. (over half an acre). The other lot is 50’ – 60’ above ocean. 38,355 sq. ft. (almost an acre). Can be sold separately.
Asking Price: $325,000 / $350,000
Note: All of the above lots are in a near or short-distance vicinity of existing electricity lines (such lines/poles also being used for communication wiring). Also, see 3-acre lots for $195,000 each (Ref. #s 303, 301 and 311)
Contact Us
About Stella Maris
Stella Maris is the community name for this development area once known as "Adderley's Plantation". Homes here have passed the 100-mark. Shops, clinics, schools and churches are within easy reach in nearby settlements.
Stella Maris consists of some 3,000 acres (about 1 to 2 miles from west to east and 3 miles north to south) with a mid-sized "Sun and Sea" resort hotel, marina & yacht club, tennis club, post office, international airport with airline and charter services, electricity, water and related utility services. A bank and laundromat are just a few hundred feet from the Stella Maris Marina. Most of the property is well above sea level.
The master plan for the future of Stella Maris includes upscale homes with beautiful ocean views, canal front property with private dockage, yacht club, shops, restaurants, bars and championship golf course:
Master Plan - Prices can only go up!
Getting there
Major international airlines, including Delta, British Airways, Air Jamaica, American Eagle, U.S. Airways, Spirit, Song, Jet Blue and Continental fly into Nassau, Bahamas.
From Nassau there are daily flights to Long Island on Bahamasair. In addition, the Resort Air Service provides for connections with all major carriers into Nassau or with American Eagle into George Town, Exuma.
Contact Us for reservations on the Resort Air Service or for accommodation at the Resort. Approximate flight times: From Nassau to Long Island - 40 minutes on Bahamasair or one hour on the Resort's plane. George Town, Exuma, to Stella Maris - twenty minutes.
Legal Fees
Legal fees are usually 2.5%.
10% deposit is required to hold lot (held in escrow by the attorneys), with the balance on completion.
At completion
Stamp Tax is shared equally between the buyer and the seller. This tax is payable on the conveyance of all real property in the Bahamas, based on the value as follows:
- When the value of the consideration is less than or equal to $20,000, the rate is 6%
- When the value of the consideration is greater than $20,000 and is less than or equal to $50,000, the rate is 8%
- When the value of the consideration is greater than $50,000 and is less than or equal to $100,000, the rate is 10%
- When the value of the consideration is greater than $100,000 and is less than or equal to $250,000, the rate is 12%
- When the value of the consideration is greater than $250,000, the rate is 12%
The Conveyance will be prepared by the attorneys.
There is also the filing of the Declaration of Real Property with the Real Property Tax Department.
Incidentals would be paid by the incurring party (Purchaser or Vendor as applicable). When the purchase price of the property and closing costs are paid for in full, Title will be publicly registered with the Bahamas Government at the office of the Registrar General. After registration, Purchaser will receive the Deed of Conveyance ("Title Deed"). If required, a copy of the Conveyance stamped by the Public Treasury that the stamp duty is paid, can be provided to the Purchaser by the attorneys on request, prior to the original going to the Registrar General's office to be registered.
Non-Bahamians
Before the Conveyance can be recorded at the office of the Registrar General, application must be made to the Investments Board for a Certificate of Registration if the applicant/purchaser does not already own property in the Bahamas. If the applicant/purchaser already owns property in the Bahamas and/or is purchasing additional property, or property for use other than as a single family residence, a Permit must be applied for by the local attorneys prior to the purchase. A permit is also required in certain other circumstances.
Also, non Bahamian purchasers are required to complete a due diligence form, supplied by the attorneys, so they can comply with the provisions of the "Financial Transactions Reporting Act 2000" wherein the attorneys are required to verify to the Bahamas Investments Board that due diligence has been completed. This allows the attorneys to complete the relevant applications for the Certificate of Registration and/or Permit.
Once a transaction is complete, the Exchange Control Department of the Central Bank of the Bahamas provides Approved Investment Status to a foreign purchaser upon application being made to that Department with supporting documentation (i.e. evidence that the purchase was made in a foreign currency and either converted to Bahamian dollars by the Seller or retained in the foreign currency by the Seller with the prior permission of the Exchange Control Department).
This approval would facilitate the conversion of funds to foreign currency for repatriation if the property is subsequently sold to a Bahamian citizen.
Home Owners Residence Card
A foreigner who purchases a second home in the Bahamas or builds a second home in the Bahamas, can apply under the provisions of the International Persons Landholding Act to the Bahamas Immigration Department for a Home Owners Residence Card. This would entitle him/her and spouse and dependant children entry into the Bahamas for a period of one year. The card is renewable annually and the annual cost (payable to the Bahamas Government) is $500.
Permanent Residence
Accelerated consideration of applications for annual or permanent residence will be given to major international investors and fit and proper owners of residences valued at $1.5 million or more.
Visitors to the Bahamas
Entry requirements can be found on the Official Tourism Website of the Islands of the Bahamas.
The maximum amount of time allowed visitors on entering the Bahamas is at the discretion of the Bahamas Immigration Department. However, visitors may apply to the Bahamas Immigration Department for extensions of stay.
Real Property Tax
In respect of owner-occupied property:
- The first $250,000 of market value is tax exempt
- More than $250,000 and not exceeding $500,000 of market value is ¾%
- More than $500,000 and not exceeding $5,000,000 of market value is 1%
- More than $5,000,000 of market value is .25%
In respect of unimproved property other than unimproved property
exempt by virtue of Section 39 of the Real Property Tax Act:
- First $7,000 of market value is $100
- More than $7,000 of market value 1½%.
In respect of any other property:
- First $500,000 of market value is 1%
- More than $500,000 of market value is 2%
Market value is defined as the amount the property would realize, if sold in the open market, without any encumbrances or restrictions. If the return is not filed, the owner is guilty of an offense, and upon conviction thereof, may be fined. Persons knowingly making false statements may be liable to fines, imprisonment, or both fines and imprisonment. If the tax is not paid on or before the last day the tax becomes due, a surcharge will be added.
In the case of an extension of time, the Chief Valuation Officer may postpone the date on which the tax is payable in a particular case, by notice in writing.
Exemptions
Property owned by Bahamians and situated in the Family Islands is exempt from property tax. Property approved as commercial farm land (by the Minister of Agriculture and Marine Resources, and the Minister Finance) may be eligible for property tax exemptions.
Unimproved property owned by Bahamians, meaning property without physical additions or alterations, or any works benefiting the land which have not increased the market value thereof by $5,000 or more.
Places of religious worship.
School buildings and their gardens and playing areas.
Property owned by foreign governments.
Property owned by foreign nations used for consular offices or residences of consular officials and employees.
Property used exclusively for charitable or public service from which no profit is derived.
Regulations for Use and Building
Residential Lots
Minimum size 900 sq. ft. Maximum: One Duplex Apartment Building comprising of no more than four units as long as lot has minimum of 15,000 sq. ft. size. Minimum distances to be maintained: Front road line - 30' Side line - 10' Rear line - 10'. Purchaser should comply with all further stipulations of the "Schedule of Restrictive Covenants".
Building Costs
Building costs are $90 - $150 per square foot, depending on the style of home, topography of the land and which local contractor is used.
Utilities
Some home owners install rain water tanks and/or drill wells, but government water is available.
Electricity supply is installed in some areas and accessible in others, i.e. electricity poles may be within close vicinity of a lot or could be several lots away.
Sewerage is by septic tank.
Telephone, internet and television service is available.
Home owners at Stella Maris currently pay $45 annually for disposal of refuse.
Other costs for home owners
There are currently no formal "maintenance" fees. However, there is a voluntary annual contribution to the Stella Maris Home Owners' Association of $250.
The Association uses this (in addition to ongoing improvements made by Stella Maris itself) towards road maintenance, road side bush trimming, maintenance of the waste management facility, additional improvements or special needs.