$5,920,000 $7,104,000

South Sound Prime Oceanfront Development Site

1.9800 acres

Strategic location in the heart of South Sound on an absolutely prime Seafront parcel – sites like this are just not available anymore. Ideal for a residential or mixed use development to capitalize on the surge in tourism and population growth expected over the next 10 years. This 2 acre parcel is zoned BEACH/RESORT residential and allows for a maximum of 40 apartments and up to 55 bedrooms, all boasting spectacular yearlong sunset views across the Caribbean Sea. For mixed use, a restaurant and bar, dive shop, and retail could be combined with the residential. The site itself features over 180 feet of Sea frontage with an exceptional depth of 450 feet. Another benefit to this parcel is its natural elevation of between 8’ ft to 16 ft above Sea level. Considering the location close to George Town and Seven Mile Beach, near all the restaurants, shops, offices, schools, grocery stores, and many other amenities and facilities, it would be hard to find a better site with all this infrastructure so close. This opportunity is one of the rare gems that very rarely become available, if ever at all and has been priced to sell quickly.