The northernmost island in the Bahamian archipelago was ignored during early times because of its shallow waters and the treacherous Little Bahama Bank. Now, Grand Bahama is the second most populated island in The Bahamas and its major city, Freeport, is regarded as the nation’s second city.
Grand Bahama is considered the perfect merger between big city life and island living making it ideal for timeshare investing, retirement homes and vacation spots. Recently hailed as the technology centre of the country, Freeport is now a thriving port city, industrial centre and tourist area.
Grand Bahama Port Authority Limited, the brainchild of American financier the late Wallace Groves, was granted 50,000 acres of land with an option of a further 50,000 by the Government of The Bahamas to build a free port and industrial centre under the Hawksbill Creek Agreement of 1955. This island has a vast amount of undeveloped land and properties which consistently peak the interest of a variety of investors.