Paradise Island City Guide

Paradise Island, linked to Nassau by two bridges, is the Bahamas' most recognisable resort destination and a concentrated luxury-condo and estate market. Home to the Atlantis mega-resort and the prestigious One&Only Ocean Club, it commands premium pricing: condos generally trade from US$700,000 to US$3M, while waterfront estates and the gated Ocean Club Estates run from roughly US$2M to well above US$10M. Prime product sits around US$900-$2,000 per square foot. The island's wall-to-wall tourism, marinas and golf underpin some of the strongest vacation-rental performance in the country, with well-managed short-term rentals reaching 8-10%+ gross yields against 60-85% occupancy; long-term yields average closer to 5-6%. The Bahamas levies no income, capital-gains or inheritance tax, and foreigners buy freely with only Investments Board registration for sub-five-acre homes. Closing costs centre on 10% VAT (typically shared with the seller) plus ~2.5% legal fees, and a purchase of US$750,000+ unlocks permanent residency. Constrained land and continued resort investment keep Paradise Island appreciating into 2026, especially for branded and marina-front product.