Fifty five percent of usable Bahamas real estate is owned by the government with all other property vested in private ownership or tagged as wet' Crown land.
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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.
To put an end to the Pirates' republic and restore orderly government, Britain made the Bahamas a crown colony in 1718, which they dubbed the Bahama islands under the governorship of Woodes Rogers.
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.
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.