Freeport, Grand Bahama, Bahamas is a beautiful place. It is known for its gorgeous beaches, vibrant culture, and growing economy. However, just like any real estate market, property foreclosures and repossessions may happen due to economic fluctuations and unforeseen circumstances. If you are looking for a good deal, you may want to consider repossessed homes because they give you a chance to purchase homes at a lower cost.
For anyone who is looking for reposed homes in Freeport, Grand Bahama, Bahamas, you are in the right place because you will be able to find them here.
About Repossessed Homes
Repossessed homes are described as homes that have been taken back by a lender, such as a bank, after the owner of the home fails to pay their mortgage payments. Aside from repossessed homes, these kinds of homes are also known as foreclosed homes or foreclosed properties.
Just like in other places, in Freeport, Grand Bahama, if a borrower fails to make mortgage payments consistently, their property will be gone through the foreclosure process initiated by the lender. The foreclosure process is the process that involves legal actions that lead to the lender taking ownership of the home.
Repossessed Homes in Freeport, Grand Bahama
According to official websites of The Thompson Group, Treasure Real Estate, and Christie’s International Real Estate, there is only one repossessed home in Freeport, Grand Bahama. It is called 9 Abbey Drive. This one is located in Lincoln Green, Freeport, Grand Bahama, Bahamas. It is a 1,100 sq. ft. home. It consists of 3 bedrooms and 2 bathrooms. According to these sources, it costs $61,000.
Other Repossessed Properties in Grand Bahama
If you need more repossessed homes Grand Bahama, the Bahamas, you can check out the following list:
1. Lincoln Green Subdivision Unit 5 – Lot No 81, Block 16
Size: 1,837 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $181,000 (2022)
Realtor Contact: Arlington Capron from Bahama Islands Properties (242-374-7653/ 242-557-0048)
2. Lucayan Ridge Subdivision Section B – Lot No 401 Fiji Avenue
Size: 24,158 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $108,000 (2022)
Realtor Contact: Spencer Mallory from Island Treasure Real Estate (242-477-9995/ 242-374-5500)
3. Bahamia West Replay Subdivision – Lot 17 Block 16
Size: 11,326 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $107,000 (2022)
Realtor Contact: Mary Mosko from Mosko Realty (242-351-6445)
4. Royal Bahamian Estates Subdivision – Lot 17 Block 35 Section B
Size: 17,859 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $156,000 (2022)
Realtor Contact: Eartha Arnold from New Era Real Estate and Development Co. Ltd. (242-557-6604)
5. Grasmere Subdivision – Lot No. 2 Block 18 Unit 1
Size: 10,200 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $114,000 (2022)
Realtor Contact: Telesha Pinder from Sand & Solutions Bahamas Realty Limited (242-602-7263/ 242-727-4663)
6. Silver Cove House Condominium – Apt Unit No. 226
Size: 700 sq. ft.
Accommodation: 1 bedroom, 1 bathroom
Value: $85,000 (2022)
Realtor Contact: Mary Mosko from Mosko Realty (242-351-6445)
7. Coral Reef Estates, Phase III – Lot No. 62 Coral Reef Square
Size: 9,898 sq. ft.
Accommodation: 3 bedrooms, 2 bathrooms
Value: $144,000 (2022)
Realtor Contact: Spencer Mallory from Island Treasure Real Estate (242-477-9995/ 242-374-5500)
8. Lincoln Green Subdivision Unit 2 – Lot No 45 & 46, Block 15
Size: 18,200 sq. ft. (property 45), 26,000 sq. ft. (property 46)
Accommodation: 5 bedrooms, 3 ½ bathrooms
Value: $525,370 (2022)
Realtor Contact: Mary Mosko from Mosko Realty (242-351-6445)
9. Bahamia West Replat Subdivision – Lot 92 Block 7
Size: 11,000 sq. ft.
Accommodation: 4 bedrooms, 2 bathrooms
Value: $170,000 (2022)
Realtor Contact: Spencer Mallory from Island Treasure Real Estate (242-477-9995/ 242-374-5500)
10. Shirley Heights – Lot 20, Block 30
Size: 6,101 sq. ft.
Accommodation: 3 bedrooms, 1 bathroom
Value: $134,104 (2022)
Realtor Contact: Katera Davis from SeaStone Homes Bahamas (242-677-0091/ 242-677-4900/ 242-556-1278)
11. West Winds Subdivision – Lot 31 & 32
Size: 12,904 sq. ft.
Accommodation: 3 bedrooms, 3 ½ bathrooms
Value: $785,000 (2022)
Realtor Contact: Adam Duncombe from ERA Dupuch Real Estate
Bottom Line
Repossessed homes in Freeport, Grand Bahama, Bahamas can be the best options for those who are looking for properties to buy at discounted prices. If you are interested in purchasing one of them, it is better for you to do some research and seek professional guidance before purchasing any of them.
