If you dream of building your own home on Bonaire, it often starts with finding the right building lot or land for sale on Bonaire. It is important to understand what is involved in buying and owning land on the island. Whether you are looking to buy or sell a parcel of land, there are different types of land ownership and regulations to consider.

Freehold land or long lease land on Bonaire

On Bonaire, there are two main types of land ownership: freehold land and long lease land.

  • Freehold land means that you own the land outright. You can sell or develop the property in accordance with the applicable regulations and zoning.
  • Long lease land remains the property of the Public Entity Bonaire (OLB). You are granted the right to use the land for a specific period, usually 60 years.

One important detail that is sometimes overlooked is that undeveloped long lease land cannot be transferred. If the land has been developed, the long lease right can be transferred, but prior approval from the Public Entity Bonaire (OLB) is required. This is important to keep in mind when buying or selling long lease land on Bonaire.

Aerial of plots and building land on Bonaire - for sale at Harbourtown Real Estate

Prices of land and building lots on Bonaire

The value of land or a building lot on Bonaire depends on several factors, including location, size, zoning and market demand. The Caribbean Netherlands Tax Administration has published an overview of land prices on Bonaire (click here). This provides an indication of land values in different parts of the island.

However, the map dates from early 2019 and therefore no longer reflects current market conditions. Based on current market prices, land prices are now considerably higher. In many locations, prices have at least doubled and in some cases have increased even more.

Prices of plots and building land on Bonaire according to local tax office "Belastingdienst CN"

Appraisal and property valuation for lots and land for sale on Bonaire

Whether you are buying or selling land, an accurate valuation is important. A professional real estate agent can help determine the market value of a building lot based on factors such as location, zoning, size and current market conditions. This reduces the risk of paying too much when buying or setting the asking price too low when selling.

Read more about this in our blog about appraisals.

Plots and building land on Bonaire, direct oceanfront freehold land

The role of a real estate agent

An experienced real estate agent understands the local market, zoning regulations and procedures involved in transferring land. For this reason, working with a local real estate agent can be valuable when looking for land for sale on Bonaire or when selling your property.

At Harbourtown Real Estate, we guide you throughout the entire process: from finding a suitable building lot and evaluating the asking price to negotiating and finalizing the purchase agreement. We can also assist you with a professional valuation or appraisal of your land.

Investing in land and building lots on Bonaire

Land for sale on Bonaire can also be an interesting investment opportunity, for example if you plan to develop a home or a small-scale real estate project. Location, zoning, accessibility and development possibilities all play an important role.

It is therefore important to investigate in advance what can be built on a particular parcel of land and which conditions apply. An attractively located building lot is not necessarily suitable for every type of development.

New construction on Bonaire - building on your own plots and building land on Bonaire

Would you like to buy, sell or have land on Bonaire appraised? Contact us for a no-obligation consultation or visit our office to discuss the possibilities and current listings. Harbourtown Real Estate will be happy to assist you in finding, buying or selling the right land on Bonaire.

Your specialist in Real Estate!

Our real estate agent on Bonaire is ready to assist you in finding your dream home or perhaps the right piece of land on which you can build your own home or oceanfront villa. We are also ready to help you in listing your property for sale or rent. Since 1989, Harbourtown Real Estate has been the designated place to help you fulfill your wishes.

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Long lease land

Long lease land

On Bonaire, land can either be freehold or long lease land. Slightly less than half of the island’s habitable area...

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Kaya L.D. Gerharts 20, Kralendijk
Bonaire - Dutch Caribbean

Tel (Bonaire): +599 717 5539
Tel (Netherlands): +31 (0) 85 888 0508

info@harbourtownbonaire.com

Office hours: 08:30 - 17:30
Closed on: Saturday and Sunday

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