Preacher's Cave is the site of the first European settlement in the Bahamas. Like it's name, it's in a huge cave with lots of potential. I don't know what the restrictions are on these types of things, but it was a nice place to play during the 90+ degree summers.
Head to the north side of Eleuthera and follow the signs to Preacher's Cave. You'll see signs near the North Eleuthera Airport. The road is a dirt road but it's maintained pretty well.
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