Retire in the Bahamas: Discover the 6 Best Communities for Your Dream Retirement

Crystal-clear turquoise waters, breathtaking beaches, and a warm and inviting atmosphere; that's what awaits you if you choose to retire in the Bahamas. And guess what? The government welcomes foreign buyers with open arms! 

Foreigners in the Bahamas have almost the same rights to buy property and pay taxes as the locals. From affordable beachfront condos to luxurious real estate with stunning ocean views, your dream house is no farther from reality should you choose to retire in the Bahamas. 

In this article, we have carefully selected resorts and communities in the Bahamas that are perfect for those seeking a luxurious and peaceful retirement.

These communities offer a wide range of amenities, ensuring a comfortable and enjoyable lifestyle. From world-class golf courses and private beaches to marinas and exquisite dining options, these communities have everything you could hope for. 

In addition, these communities are located on or near major islands with convenient access to international airports, making travel a breeze. In terms of healthcare and social care, rest assured that these communities have readily accessible services to cater to your needs.

So, without further ado, let's see which places are best to anchor down for your retirement in this tropical paradise.

The Best Islands to Retire On

New Providence Island
Grand Bahama Island
Paradise Island
Eleuthera
Great Exuma

New Providence Island

Discover the vibrant heart of the Bahamas on New Providence, home to the bustling capital city of Nassau. With its rich cultural heritage, stunning beaches, and thriving real estate market, New Providence offers diverse housing options for retirees seeking an idyllic retirement in the Bahamas. 

From luxurious estates to beachfront condos, Nassau's housing market caters to various lifestyles. Enjoy the convenience of numerous amenities, award-winning restaurants, and entertainment options while still being able to find peaceful retreats away from the city's hustle.

1. Lyford Cay

You can retire in luxury at Lyford Cay, a gated community on 1,000 acres of pristine landscapes. With over 300 elegant homes, a prestigious golf course, and a mile-long private white sand beach, this affluent enclave captivates foreign retirees. 

World-class amenities await you here, including a tennis facility, marina, exclusive club, and exquisite dining options. Just minutes from the airport, boutique stores, and top-tier companies, Lyford Cay presents a coveted retirement destination for those seeking a refined and vibrant lifestyle in the Bahamas.

2. West Bay Street

West Bay Street is an ideal choice for foreign retirees seeking a Bahamian retirement in peaceful seclusion but with city hustle just out of the gate. Caves Village and Caves Heights offer secured entry with fitness centres, pools, and various other world-class amenities. 

Caves Heights is an elevated community with stunning views, whereas Caves Points sports oceanfront properties with stunning beaches. Further west are the gated communities like Marbella Shores and Compass Point on through Love Beach, which boasts beachfront condos, townhouses and delectable eateries.  

Discover Your Retirement Home on the New Providence Island

Grand Bahama Island

Nestled in the crystal-clear waters of the Atlantic Ocean, Grand Bahama offers pristine beaches, vibrant coral reefs, and serene mangrove swamps. As the northernmost island in the Bahamas archipelago, it offers a tranquil retreat for those seeking a relaxed and idyllic retirement. 

While not as bustling as New Providence, Grand Bahama boasts the second-largest city in the Bahamas, Freeport, a thriving shipping and trade centre. With a cosmopolitan flair and a focus on sporting activities, this island captivates with its all-inclusive resorts, world-class golf courses, and breathtaking coastal beauty. 

Immerse yourself in Bahamian culture at Port Lucaya marketplace, where music fills the air and skilled artisans showcase their crafts or shop duty-free at the International Bazaar in Freeport. 

Due to its proximity to West Palm Beach, and the south eastern coast of Florida, many US expats choose retirement communities in the Grand Bahama to live their island adventure.

3. Fortune Cay

Fortune Cay is a sought-after gated community on Grand Bahama Island. You can choose from graceful beachfront estates or Caribbean-style bungalows just steps away from the pristine sands of Fortune Cay Beach. 

The community amenities, including a pool and tennis court, enhance the retirement experience. At the same time, the Fortune Club's bungalows have an excellent potential for rental income, which adds investment opportunities.

Discover Your Retirement Home on the Grand Bahama Island

Paradise Island

Paradise Island is a captivating oasis just off the northern coast of New Providence, the heart of The Bahamas. Connected to the vibrant capital of Nassau by two bridges, this easily accessible and family-friendly destination is a retiree's dream. 

Despite its compact size of 1.1 square miles, the Island is home to some of the most desirable residential communities in the Bahamas—Ocean Club Estates, Ocean Club Residences, Thirty|Six, Sterling Commons, the Hurricane Hole SuperYacht Marina, and The Reef at Atlantis to name a few. 

From pristine beaches like Cabbage Beach to world-class resorts, delightful restaurants, and exciting nightlife, there's never a dull moment at Paradise Island. 

4. Ocean Club Residences and Marina

You can experience the epitome of luxe island living at Ocean Club Estates, situated at the easternmost point of Paradise Island. The elegant expansive homes have plenty of room for when the grandkids come to visit. 

For those looking for relatively smaller space, Ocean Club Residences and Marina feature exquisite condominiums with stunning views of Montagu Bay and Nassau's vibrant harbour. Regardless, this exclusive coastal community offers unrivalled privacy and exceptional service. 

With two private pools, a marina, a fitness centre, and attentive concierge service, this 7-acre sanctuary embodies refined living. As a resident, you'll enjoy access to Ocean Club's resorts, golf course, and private beach club on one of the world's most magnificent shorelines.

Discover Your Retirement Home on the Paradise Island

Eleuthera

You will encounter a different pace of life on the beautiful islands of Eleuthera. Nestled away from bustling cities like Nassau and Freeport, Eleuthera offers a peaceful and calm environment where you can truly immerse yourself in the authentic Bahamian culture. 

With fewer tourists and a strong sense of community, Eleuthera provides a safe and welcoming haven for retirees seeking a settled and serene lifestyle. Condo living on Eleuthera is perfect for retirees looking for a low-maintenance property with plenty of nearby amenities. 

Property is more affordable in Eleuthera and one can explore the island's various settlements filled with charming beach houses and private cottages and the neighbouring islands, Spanish Wells and Harbour Island . The island also has miles of untouched beachfront property and open land, making it the perfect spot to build your own vacation home or retirement estate.

5. Spanish Wells

Bahamas’ well-kept secret, Spanish Wells and its neighbour, Russell Island, beckon with their unspoiled charm and tranquil beauty. Spanish Wells exudes a quaint and friendly atmosphere, much like a fishing village, with its busy docks and peaceful neighbourhood away from the hustle and bustle of city life. 

Nearby, the affordable elevated lots on Russell Island offer a perfect opportunity to build your dream retirement home and enjoy the best of both worlds— ample amenities and the serenity of an island paradise. 

Discover Your Retirement Home on Eleuthera Islands

Great Exuma

Great Exuma is a tropical paradise at the end of a breathtaking chain of islands. With its pristine beaches, crystal-clear turquoise waters, and stunning real estate options, Great Exuma is the perfect place to retire in the Bahamas and live in luxury. 

Imagine waking up to spectacular views from your waterfront or hilltop home or even owning your own private island like Stocking Island. This idyllic destination offers a peaceful and relaxed lifestyle, surrounded by natural beauty and endless opportunities for boating, fishing, and exploring the Exuma Cays. 

With convenient access to amenities, an international airport, and the allure of celebrity-owned islands, Great Exuma is a dream retirement haven.

6. February Point Resort Estates

February Point is a premier gated marina community on Great Exuma. With luxurious private residences, a marina, and exclusive Beach Club amenities, February Point offers an idyllic waterfront lifestyle and stunning real estate options for your dream retirement. Proximity to downtown George Town and Exuma Airport is another major plus point.

Discover Your Retirement Home on the Great Exuma

What Is the Cost of Living in the Bahamas?

Retiring in the Bahamas offers a high standard of living, but the cost of living can be higher due to imported goods and consumption-based taxes. However, tax benefits on income, inheritance, gifts, and capital gains can offset the higher cost of living.

It also depends on one's lifestyle, but you may expect a higher cost of living in the Bahamas since it’s among the most expensive countries in the world.

On average, the cost of living in the Bahamas is higher than in the US. However, it greatly depends on where you intend to stay in the Bahamas. 

Here's an approximate breakdown of the cost of living in the Bahamas (June 2023).

Which Type of Permit Is Best for Retirement?

For those planning to live in the Bahamas, different permit options exist. Each permit has its own eligibility criteria and costs, enabling retirees to choose based on their specific needs and intentions:

The Permit to Reside: It's suitable for those who wish to live in the Bahamas without engaging in work. It requires an annual application and costs B$200, along with additional document fees.

Permanent Residence: It's ideal for property owners or individuals employed in certain professions, granting lifelong residence permit.

The Annual Homeowner's Resident Card: It's a convenient option for property owners, allowing easy travel within the Bahamas. It incurs a B$200 processing fee. 

Disclaimer: We are not immigration experts; consult qualified professionals for accurate advice on Bahamas permits and residency.

How Is the Healthcare System in the Bahamas?

The quality of medical services is generally adequate. Ambulance services and emergency care is reasonable in major cities and bigger islands. According to a retiree in New Providence, "I personally have used the clinics and private hospitals here without any issues. Most of the doctors are trained abroad and are quite competent".

Another retiree in Coral Harbour remarked, "We have both a general hospital and private hospitals as well as private clinics. The healthcare is adequate. For major health issues many people choose to fly to Florida as well."

Most hospitals and pharmacies expect upfront payment; however, the availability and cost of prescription medicines are generally reasonable. Even so, it's best to inquire about specific medications before relocating and get private health insurance to cover healthcare costs. 

What Is It Like To Live in the Bahamas?

Life in the Bahamas promises a remarkable experience filled with stunning natural beauty, warm hospitality, and a laid-back atmosphere. Expect a welcoming community, diverse friendships, and plenty of recreational activities by the pristine beaches. You can explore charming cafes, indulge in delicious cuisine, and experience the vibrant nightlife. 

Shopping is affordable, and main international airports facilitate easy travel. While you embrace the Caribbean's dependable sunshine and the relaxed pace of life, remember that life in the Bahamas may differ from the fast-paced lifestyle you may be used to. So, expect to wait a little longer for things to get done, such as service installations.

Retiring in the Bahamas offers a dream lifestyle filled with sun, sand, and a warm community. From luxurious havens like Lyford Cay and Ocean Club Residences to serene retirement communities at Spanish Wells and Eleuthera, there's a perfect retirement destination for everyone. 

If you're ready to embark on your Bahamian retirement adventure, our experienced and friendly real estate agents are here to help you find your dream home. Contact us today, and we'll assist you in making your retirement dreams a reality in the beautiful Bahamas!