PRIME DEVELOPMENT PROP.
New Providence/Paradise Island, Bahamas 00008
Price: $7,000,000
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Listing ID: 29190
Status: Active
Bedrooms: 5 Bed
Total Baths: 8 Bath
Full Baths: 8 Bath
Square Feet: 113,256 Sq Ft
Acres: 2.605 Acres
Year Built: 1980

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.

Primary Features

County: Other
Property Type: Residential
Year Built: 1980
Island: New Providence/Paradise Island

Interior Features

Air conditioning (Condo): Central

Additional

Amenities: Swimming Pool, Dock, Furnished
Construction: Concrete Block
Currency: USD
Legal Description: BAY VIEW DRIVE
Lot: 6,7 & 8
Lot Size: 113256
Parking Type: Other
Photo ID: 00007206
Property Type: Single Family Home
Sewer: Septic - Yes
Site Influences: View - Ocean, Beach Front
Water: City

Location Information

Area: Paradise Island
Subdivision: Bay View Drive

Financial Details

Assessment Includes (Condo): No Fee

External Features

Exterior Finish: Finished Concrete
Style: Other

Zoning Info


Courtesy of: The Bahamas MLS.

The data relating to real estate for sale/lease on this website comes in part from a cooperative data exchange program of the Bahamas Multiple Listing Service (MLS) in which these Brokers participate (BREA). The properties displayed may not be all of the properties in the Bahamas MLS database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker/Agent are marked with the IDX Symbol, indicating an agreement to exchange property information. Detailed information about such properties are noted as Courtesy of: The Bahamas MLS. Information provided is thought to be reliable but is not guaranteed to be accurate. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. This information is protected from unlawful duplication by copyright.

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.

Contact - Listing ID 29190

Alexander Alexiou

PO Box EL 27045
Harbour Island, BS 00000
Phone: 2423332278
Phone Alt: 2423597241
Fax: 2423332354
Broker Email: alex@bahamasrealestate.com

Data services provided by IDX Broker
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