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Prime Development Property on Paradise Island
Bay View Drive, Paradise Island, Bahamas
Bay View Drive, Paradise Island, Bahamas
| 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. |
5
beds
8
baths
14,000 Sq.Ft. LIVING AREA
113,256 Sq.Ft. lot
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