Who owns houses on Paradise Island Bahamas?

Celebrities who have owned homes on Paradise Island include Nicolas Cage, Mariah Carey, Johnny Depp and Sean “Diddy” Combs. MAISON Bahamas is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world's most luxurious homes.



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Famous faces are constantly on the paradise shores of The Bahamas, with the likes of Lenny Kravitz, Nick Cage and Mariah Carey all owning property there. It has also seen the likes of visitors such as Johnny Depp, Jennifer Aniston, Angela Bassett, Oprah Winfrey, Martha Stewart and Jennifer Hudson.

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Lyford Cay real estate is in high demand for the wealthy Bahamian family and expatriates (expats) alike. Some famous celebrities own homes and live here when they're in Nassau Bahamas.

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There are no restrictions on foreigners buying property in the Bahamas. Property purchasers are eligible for an annual Home Owners Resident Card, and those buying a property valued at $500,000 and above are given priority in permanent residence applications.

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South African resort developer Sol Kerzner bought the Resorts International property from Merv Griffin in 1994 and transformed the land into Atlantis, which has been one of The Bahamas' major success stories and employers for many years. Paradise Island continues to evolve with many celebrities calling it home.

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Largely wild and undeveloped, Strangers Cay was picked up by Beyoncé and Jay-Z for $3 million. The 360-acre island is carpeted with lush greenery and has a natural harbor in crystal clear waters that are perfect for snorkeling and scuba diving.

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The Bahamas is the richest nation in the Caribbean and has a reputation for being a playground for the uber-rich. With its world-class golf courses and casinos, the islands know how to cater to wealthy retirees.

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Summary of cost of living in Bahamas: A family of four estimated monthly costs are 4,908.0$ without rent. A single person estimated monthly costs are 1,389.9$ without rent. Cost of living in Bahamas is, on average, 22.0% higher than in United States.

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