Welcome to Villa Benita, the last significant development property on world famous Paradise Island, and one of the best development plots currently on offer anywhere in the Caribbean. Perched on the highest point on the Island, this 2.6 acre parcel represents an amazing opportunity to develop and build a five-star boutique hotel or luxury condominium on an island that attracts only the wealthiest and most discerning clientele from around the world. Based on current zoning laws, the site can comfortably fit 80 to 90 spacious units all with direct water views. There is an existing 14,000 sq. ft. villa which can either be retained and incorporated into the plan or torn down to make room for an entirely new concept. The villa rents out at an average of $1,300 per night (short term) quite consistently, providing some income while a developer is in the planning, bidding and permitting stages of the development process. Villa Benita offers over 305 feet of road frontage, gently sloping topography, and nearly 200 feet on the harbour with riparian rights to build a multi-slip marina.
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Information deemed reliable, but not guaranteed.
The Bahamas Real Estate Association is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange Program (IDX) and the Bahamas MLS, and is provided here for consumer's personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Real Estate listings held in brokerage firms other than the office owning this website are marked with the IDX Logo on the short inquiry. Data provided is deemed reliable but not guaranteed. This information is protected by copyright and all rights are reserved. This property is shown courtesy of The Bahamas MLS. Data last updated: Wednesday, August 16th, 2017.
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