Silver Cove Property

Location of the Property

James Sarles
Phone: (242) 351-9081
Fax: (242)351-9092
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Price: $14,500,000
Status: Active
Rental Term: n/a
Address: Silver Point Drive
Subdivision: Silver Cove
City: Freeport, Grand Bahama
Unit: -
Block: Section 1
Lot: 1-5 & Tract 5, 5A & 6
Lot Size: 13.76 Acres
Zoning: Tourist Commercial

Listing ID: 5151

Description
These 13.76 acres of consecutive waterfront land is probably one of the most amazing properties left inside The Grand Bahama Port Authority area that is available from a private owner. The property is all zoned Tourist Commercial, which is the highest level of zoning available and also the rarest. This property would allow for the construction of home-sites, condominiums, resort hotel, restaurant and clubs, retail businesses or any mixed-use enterprise. The property boasts over 2,092.66 feet of water frontage as listed below:

Ocean Frontage

Tract 6 � 1,010.79 ft
Total acreage of 9.59 acres

Tract 5 � 160.30 ft
Tract 5A � 174.37 ft
Total acreage of 2.12 acres for Tract 5 & 5A

Total Ocean Frontage = 1,345.46ft
Total Beach Front Acreage of 11.71 Acres

Canal Frontage

Lot 1 � 213.60 ft

Lot 2 � 183.60 ft

Lot 3 � 103.30 ft

Lot 4 � 100 ft

Lot 5 � 146.70 ft

Total Canal Frontage � 747.20 ft
Total Canal Front acreage of 2.05 acres

This unusual amount of direct water frontage would allow for all water view high-density development. The ability to live on the beach and dock your boat inside the same development is a highly sought after amenity. This property is located just 4 miles from Port Lucaya Marketplace and Marina and the Our Lucaya Resorts.

Owners have priced to sell.

Highlights

Beach access
Canal Front

Over 1,340 feet Ocean Frontage

Over 740 Canal Frontage

2 Acres of Prime Canal Front Property

13 Acres of Prime Beach Front Property