Eleuthera Real Estate Guide [2023]

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Partner, Licensed Real Estate Agent at Better Homes and Gardens MCR Bahamas

Timothy Smith was born and raised in Nassau, Bahamas to a respected real estate family.At 25, Timothy had already achieved the goal of Top Rookie of the Year at MCR Bahamas. Just one year later, he achieved the highest honor in the firm as Overall Top Producer of the Year. He won this award again the year after in 2020. In 2021, Timothy Smith was appointed as Partner of the firm and has established himself as one of the most respected Real Estate agents in The Bahamas.

About Eleuthera Bahamas

In the middle of Florida’s coast and the North Atlantic Ocean is the tropical escape of The Bahamas. It’s home to over 700 breathtaking islands and 2,400 cays — the majority untouched by people.

Life in The Bahamas provides an idyllic glimpse into the wild and untamed beauty of the earth.

In this round-the-year sun-kissed country lies Eleuthera, an archipelago made up of a 110-mile thin ribbon of sandy beaches. It’s an Elysium surrounded by aquamarine waters as far as the eye can see.

Eleuthera is home to over 100 scenic beaches, affordable housing, and spectacular cuisine, all without the swarm of tourists like in other Bahamian resort islands.

Location

At roughly 60 miles from the capital city Nassau, Eleuthera is a relatively untouched beauty fringed by many cays and sandbars. It conveniently has access to three airports, despite its remote location.

North Eleuthera Airport flies from the northernmost point of the island.
Governors Harbour Airport runs flights from the central part of Eleuthera.
Southern Eleuthera is home to Rock Sound Airport, which connects Eleuthera to various Bahamian islands. They also run a few international flights to the US.

History

The original inhabitants of the area were the Taino or Arawak people, who suffered great hardships at the hands of the Spanish. In the 1500s they were captured and sent to work in the mines of Hispaniola, which they did not survive.

After that, Eleuthera remained predominantly empty until 1648. That’s when religious groups from Bermuda arrived in pursuit of a place where they could practice their faith safely without British intolerance. There are still remnants of their presence on the island in the many beautiful churches and homes.

With “Eleutheran Adventurers” as their moniker, the Puritan pilgrims christened the island Eleuthera. This came from the Greek “Eleutheria,” which means freedom, with Eleuthera meaning “free.” The island’s breezy, paradisiacal nature makes the name an apt fit.

Climate

The climate of Eleuthera is sub-tropical, with warm temperatures and relatively high humidity year-round. The average temperature of Eleuthera typically ranges from the mid-70s to mid-80s Fahrenheit (24°C to 29°C) during the winter months (December through March) and mid-80s to mid-90s Fahrenheit (29°C to 35°C) during the summer months (June through September).

The rainy season in Eleuthera runs from May through October, with the heaviest rainfall typically occurring in August and September. During this time, the island may experience brief but heavy rain showers or thunderstorms. The rest of the year is generally drier, with lower chances of rain.

One of the unique aspects of the climate in Eleuthera is the Bahamian trade winds. These steady breezes blow from the northeast throughout most of the year, providing relief from the heat and helping to keep the island’s climate pleasant.

Ready to find your dream Eleuthera home?

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What to Know About Current Eleuthera Real Estate

Eleuthera Real Estate Statistics

In 2019, Hurricane Dorian, a category 5 hurricane, hit The Bahamas causing mass destruction. Shortly after, the pandemic hit, shutting down borders and travelers. Through this time, real estate in The Bahamas took a slight dip, but it bounced back hotter than ever.

The post-pandemic reopening led to a flood of foreigners wanting to purchase a second home or start a commercial project in The Bahamas.

Below is an approximate overview of the property costs in the country.

Average property price per square foot: from $200 up to $400
High-end property price per square foot: from $750 up to $2000

Average Prices in Eleuthera:

Starting price of general listings: $100,000
Starting price of luxury homes and private islands: $18,000,000

Property Types

The real estate market in Eleuthera has several types of properties available for sale. Here are some of the most common types of properties you can find on the island:

Single-family homes
Apartments
Commercial buildings
Condominiums
Land
Multi-Family Home
Private Islands

See all Eleuthera property types here.

Home Prices

The home prices in Eleuthera, Bahamas, vary depending on several factors. Is it a luxury property? What is the location, size, and condition of the property?

Eleuthera has pristine beaches, crystal-clear waters, and offers a laid-back island lifestyle, making it a desirable location for vacation homes and investment properties. As a result, home prices in Eleuthera are higher than in other areas. The cost of homes for sale in Eleuthera varies, and while the median price is high, buyers can find single-family homes starting from $200,000 up to over $10 million.

In comparison to the average home in the USA, home prices in Eleuthera Bahamas are generally higher. According to the National Association of Realtors, the median existing-home price for all housing types in the United States as of March 2023 is $375,700.00, while the median home price in Eleuthera is $992,788.

However, it’s important to note that comparing home prices between different countries can be complex due to differences in currency, housing markets, and other variables.

If you’re interested in purchasing a home in Eleuthera, Bahamas, we recommend working with a local real estate agent who can provide you with the most accurate and up-to-date information on the current housing market.

The agents at MCR Bahamas can help you find the perfect property to call home.

Find your dream luxury home in The Bahamas.

Eleuthera Communities

Eleuthera offers a range of communities where you can find great homes for sale. Here are some of the top areas to consider:

Governor’s Harbour: This is one of the largest towns on Eleuthera, known for its historic architecture, charming streets, and beautiful beaches. Governor’s Harbour has a mix of local businesses and amenities, as well as a variety of dining and shopping options. Many of the homes for sale here feature attractive designs, such as plantation-style homes, colonial-era properties, and modern villas.

Harbour Island: It is one of the top destinations in Eleuthera and offers a wide range of upscale homes and properties. Harbour Island has pastel-colored buildings, pink sand beaches, excellent restaurants, and boutique shopping. Some of the homes for sale here are extravagant villas, beautiful cottages, and multi-story homes.

Spanish Wells: It is a quiet town on the north end of mainland Eleuthera with a population of around 1,500. It is the “fishing capital of the Bahamas” and offers a tranquil lifestyle. Many of the homes for sale in Spanish Wells include oceanfront properties and modern villas.

Rock Sound: Sitting on the south side of mainland Eleuthera, Rock Sound has a mix of historic homes, beach cottages, and modern villas. This town boasts a peaceful atmosphere, friendly locals, and beautiful beaches.

If you’re looking for a more luxurious lifestyle, consider these locations:

Windermere Island: It is a private island located on the eastern coast of Eleuthera and is home to some of the most exclusive properties in the Bahamas. The island features a guard-gated entrance, private beaches, and a golf course. Many of the homes for sale here are luxurious estates with scenic views of the ocean.
Cotton Bay Estate: It is a gated community located on the eastern coast of Eleuthera, near Rock Sound. This community features oceanfront properties with private access to the beach, a clubhouse, and a tennis court. Many of the homes for sale in Cotton Bay Estate are luxurious villas that offer high-end finishes and world-class amenities.
Gaulding Cay Beach: It is a popular luxury area located on the north end of Eleuthera. This upscale community is known for its secluded beaches and stunning oceanfront properties. Homes for sale in Gaulding Cay Beach often feature high-end finishes, spacious interiors, and panoramic views of the ocean.
The Governor’s Harbour Collection: This is a collection of luxury homes and villas located throughout the town of Governor’s Harbour. These properties offer upscale finishes, modern amenities, and stunning views of the ocean.

Whether you’re looking for a private island, oceanfront villa, or an upscale neighborhood, there is a wide range of luxury communities to choose from in Eleuthera.

Eleuthera Island Living

Close your eyes and think of paradise. What do you see? Pineapple fields, soft pink beaches, cays brimming with marine life, and endless ocean bedazzle your daydream…this is Eleuthera.

The archipelago has high cliffs and cerulean blue waters in the north; lush pineapple and tomato farms in the center; dense greenery, with cozy fishing villages in the south.

Couples, families, and retirees alike will immediately fall in love with the island life of Eleuthera, and have you wondering how you can relocate to The Bahamas.

We won’t lie, the Wi-Fi in Eleuthera in some parts can be spotty, but it is improving daily. And besides, disconnecting a little from the outside world will allow you to immerse into the Island life of Eleuthera.

Eleuthera Real Estate for Sale

Eleuthera Condos for Sale

Purchasing a condo in Eleuthera is ideal for amenities like swimming pools and access to beachfront areas — still, like the rest of The Bahamas, privacy is yours. However, condo owners often pay higher maintenance fees than those who live in villas or homes. Make sure you factor these extra costs into your budget.

Find condos in Eleuthera

Eleuthera Land for Sale

Perhaps you’re looking to build your dream home from scratch. In that case, buying a vacant lot is the best option. These lots sell either with or without existing structures on them, where customization is your prerogative.

Surprisingly, vacant land is sometimes pricier than buying an already-built abode. But the value is in the possibilities.

And if you’re entrepreneurial-spirited? In the thriving economy of Eleuthera, it would be a smart financial decision to invest in a piece of land for a commercial project.

Buy land in Eleuthera

Eleuthera Homes for Sale

The properties available for purchase on Eleuthera can range from cozy cottages to sprawling estates with luxurious amenities. Some of the most popular areas for real estate on Eleuthera include:

Governor’s Harbour
Harbour Island
Spanish Wells

In Governor’s Harbour, you can find a mix of historic homes, beach cottages, and modern villas with panoramic ocean views. Harbour Island, which is known for its pastel-colored buildings and pink sand beaches, is home to some of the most exclusive properties in The Bahamas. Finally, Spanish Wells is a quaint fishing village with charming homes and a relaxed island vibe.

Working with a local real estate agent who specializes in Eleuthera properties can help you navigate the current housing market and find a property that fits your needs and budget. Whether you’re looking for a peaceful retreat or a luxurious oceanfront property, Eleuthera has something for everyone.

Browse Eleuthera homes for sale

Things to Do in Eleuthera

Eleutherans have access to a wide range of activities, from relaxing on the beach to exploring the island’s history and culture. Whether you’re interested in outdoor adventures, water sports, or simply soaking up the island’s laid-back atmosphere, there are plenty of things to do in Eleuthera that will make your trip unforgettable.

1. Preacher’s Cave

Preacher’s Cave is one of the most historic and significant sites in Eleuthera. Located near the northern tip of the island, the cave was named after the first religious service held on Eleuthera in 1648 by the Eleutheran Adventurers.

The group left Bermuda in search of religious freedom and a new life. After landing on what is now known as Eleuthera, the group spent several months exploring the island before settling in Preacher’s Cave. The cave provided shelter and protection from the elements, and the group held their first religious service inside the cave’s walls.

Today, Preacher’s Cave is a popular destination for visitors to Eleuthera. The cave features a large entrance that leads into a spacious interior area, and visitors can explore the cave’s chambers and admire its natural beauty. The cave is open to visitors year-round and is free to explore.

2. Glass Window Bridge

The Glass Window Bridge in Eleuthera refers to the link between North Eleuthera and the rest of the island. It is a famous natural landmark that connects the northern and southern parts of Eleuthera.

The natural erosion of the limestone rock over time has created this narrow passage, which has become an iconic attraction on the island.

The bridge is named after the stunning view it offers of the stark contrast between the deep blue Atlantic Ocean on one side and the calm turquoise waters of the Bight of Eleuthera on the other. The narrow strip of land where the bridge is located is just a few feet wide, making it a unique and picturesque sight for visitors.

3. Beach Hopping

Beach hopping in Eleuthera offers a lot of variety. From Harbour Island’s Pink Sands Beach to the turquoise water of Spanish Wells where you can swim with pigs, to the cliff-side beaches facing the Atlantic, beach lovers are spoiled for choice. You could spend weeks and even months exploring the many beaches.

Some of the more popular choices include:

Pink Sands Beach, Harbour Island
French Leave Beach, Governor’s Harbour
Lighthouse Beach, Southern tip of Eleuthera
Ten Bay Beach, Southeast coast of Eleuthera, near the town of Savannah Sound.
Surfer’s Beach, Gregory Town

If you prefer feeling like you’ve got the place to yourself, visit these lesser-known secret seasides:

Surfer’s Beach: Fancy cruising on the Bahamian waves with zero crowds? Look no further than Surfer’s Beach! One of Eleuthera’s hidden gems, Surfer’s Beach is hard to reach. Rent a 4×4 and drive to the center of Northern Eleuthera and keep your eyes peeled for a sign indicating Surfer’s Beach. Or you could also ask the friendly locals in the area. They will lead you right to it, guaranteed.

Gaulding Cay: Merely three miles from Gregory Town towards the north lies Gaulding Cay. Stretching across endless white sand without any tourists, it’s perfect for a blissful day with your family. Have a date with your favorite book or snorkel in the gorgeous waters to work up an appetite. Afterward, you could set up a picnic under the pine trees or go to Daddy Joe’s Restaurant nearby for a delicious meal.

4. Harbour Island and Spanish Wells

The majority of the touristic hustle and bustle takes place on Harbour Island. Home to pink-colored beaches, Harbour Island is not only an excellent place for family fun but is also an ideal home base.

This little island town is bursting with pastel-colored buildings and photo-ops on every street. Get on a golf cart to explore the island and soak in the scenery.

For day trips to other parts of Eleuthera, Harbour Island is where you will find several taxi boats waiting for you.

Find Your Home in Eleuthera, Bahamas Today

Real estate opportunities in Eleuthera are currently some of the best in the country. Island life doesn’t have to sacrifice comfort and amenities — and if you’re looking in Eleuthera, you’ll feel taken care of in every way.