Pimlico Islands

Pimlico Islands

Eleuthera, Bahamas · 55.0 acres · Freehold

$1,995,000 USDListed 1 days ago
Acreage
55.0
Price/acre
$36,273 USD
Ownership
Freehold
Development
Non-developed

About This Island

Like its southern companion (also found on the Bahamian market), North Pimlico Island offers uninhibited access to Eleuthera and its surrounding archipelago. From this 55-acre property, residents can explore the pink sand beaches of Harbour Island and the surrounding coastlines or spend time relaxing in the secluded serenity of their own private beach. Whatever the motivation may be, ownership of a private island within the Bahamas enters one directly into an exclusive life of tropical luxury. The island is also noted for its wealth of transport connections and proximity to services. North Eleuthera Airport can be accessed with ease, as can the leisure and residential settlement of Spanish Wells.

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.

$2.0MUSD
$300K$50M
Year-One Total Cost
$2,952,4701.5× Purchase
Purchase
$1,995,000
Closing Costs (~7%)
$139,650
Infrastructure
$600,000
Year 1 Operating
staff + tax + insurance + maint
$217,820
$1,995,000 USD
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