Oceanfront and Canal for Sale in Grand Bahama Island, Freeport, Bahamas

Developer Project Direct Oceanfront+canal-Permits in Place

Port of Call Drive, Located East of Xanadu Beach 2.95 Acres of Oceanfront + 1 Acre on the canal directly across the Street. Enjoy Ocean Sunsets & safe boat dockage on the canalside sea walled lots. 400' of Oceanfront land has a beautifully protected sandy beach; Zoned ‘Tourist Commercial’ suitable for hotel or multi-family. Port of Call Drive, is between Princess Isle and Tyne Beach. 12 minutes from the airport, on a very private dead-end street in an upscale area. The 4 beachfront lots measure 100' ocean front x 309' to 334' deep each. The canal parcel measures 200' canal front x 150'+/- deep.
REDUCED $500K-All OFFERS CONSIDERED! SELLER MOTIVATED! The Seller has plans & permits in place to build 36 Condo units on the ocean, plans need updating to meet new codes. However, If a Buyer wishes to build an estate home, or hotel, or another type of project this is permissible.
Across the roadway from the beach parcel, located on a canal that exits into the ocean is an existing gated condominium complex known as 'PORT PLACE', an enclave of townhouses that has phase I completed. This ADDITIONAL PORTION of the Project is 50%+ completed and sold. The Buyer can build 6 townhomes or 12-2 Bed Room/2 Bath Condo Flats. All legal, licensing, architectural plans and permits are approved, the Declaration of Condominium is in place and has owners. Electric service is all installed underground from street to transformer main boxes; water lines are in from street to existing foundations that are in place plus 1 built wall. Building permits are awarded and fully paid, duty free import licensing is available. Lot 15: Pilings driven, completed, approved, foundation & 1st floor wall are completed, electrical conduit is embedded, electrical conduits from main to all units, transformer & meter boxes are completed, waterlines are embedded and the main waterline is run. Lot 16: Pilings are completed & inspection approved, foundation is completed & electrical transformer and meter boxes are installed. Equipment Included in Sale: 2 trailers loaded w/construction materials, tools, and more.
Acquisition of Beach Parcels and Balance of the 'Port Place' Condo Canal Project is done via the acquisition of 100% of Duly registered Bahamian Corporation in good standing. Ownership may be 100% foreign, and would also grant the Buyer 'BAHAMIAN CITIZENSHIP' (requiring approval from the Government, Grand Bahamas Port Authority and Central Bank).