Eleuthera, Bahamas, is a beautiful island, and while it's known for its stunning beaches and relaxed atmosphere, there are definitely some more affordable or cheaper options for homes, especially when compared to more tourist-heavy areas like Nassau or Paradise Island.
Reaching out to a local agent on Eleuthera could provide you with more tailored options, including deals that might not be widely advertised online. Some realtors specialize in vacation homes and fixer-uppers, which can sometimes be priced lower.
Look for listings under the "Eleuthera, Bahamas Real Estate" sections, as sometimes you'll find private sellers offering affordable homes.
You might also want to consider properties that are up for auction or foreclosure. Some banks or government agencies might list homes in Eleuthera at a lower price due to their need to offload the property. These properties often need some work, but they can be a great investment.
The Bahamas government sometimes holds auctions of government-owned properties.
While popular spots like Harbour Island or Governor's Harbour can be pricier, areas farther inland or less developed could offer cheaper options. For example, places like Rock Sound or Tarpum Bay might have lower prices than the more tourist-centric areas.
Many cheaper homes in Eleuthera may require renovation or are sold "as-is." If you're open to doing some work, you might find a great deal in a fixer-upper.