Development Land for Sale in Marigot, Terre Basses, St. Martin
35,000,000 USD
(Negotiable)

Development Land for Sale in Marigot, Terre Basses, St. Martin

Spectacular 27-Acre Resort or Residential Development Land

Asking Price: 35,000,000 USD
(Negotiable)
Without a doubt absolutely the best development land available for sale in Saint Martin! Certainly one of the best hotel resort sites, or perhaps a Billionaire's "Family and Friends" compound for sale in the Caribbean today! Located on the French side of Saint Martin in the island's foremost luxury residential community of Terre Basses, 15 minutes from the Princess Juliana International Airport - a Caribbean Hub, and an additional 10 minutes to the Capital City of Marigot. Government Concept Approval in hand for a Resort or Boutique Hotel with residences for sale. The local government is supportive and will facilitate the property's redevelopment. A spectacular 27-acre secluded and extremely private oceanfront peninsula with three distinct white sand beaches and an extensive salt water swimming lagoon protected from the sea by a natural limestone breakwater. The property is surrounded by contiguous land zoned non-developable and the sea. Government development incentives are available. No property tax until occupancy. No income tax until the developer's capital investment is recouped. Property is approved for a 35% French Government rebate of land and construction costs, paid to the developer upon project completion at time of occupancy! Rebate requires a hotel project, and is not available for residential development schemes.

Formerly the site of the Conrad Hilton International 5-star "La Belle Creole Hotel," which closed following Hurricane Luis in 1995. Existing buildings to be demolished by developer. Some building and architectural elements may be repurposed for the developer's plan. Hurricane resistant construction will be permitted on the footprint of existing buildings plus additional adjoining acreage.

Capital City of Marigot is 10-15 minutes from property. French restaurants, a waterfront marketplace, boutiques and high-end jewelry stores are abundant. There are two cruise ship and mega-yacht ports on the island, Marigot and Philipsburg.

This site is a phenomenal location to build a world class boutique hotel. It offers the investor developer a blank slate to create their dream resort. Branded residences for sale will be permitted, however the 35% rebate does not apply to the residential portion of mixed use developments.

Check out the website (URL included in Viviun listing) with videos, photographs, and extensive details about the property. The property is listed with Avison Young Hotels, Resort Development Consultants, Barnes International Realty, and local island agent Antonio Pomata. Site tours are easy to arrange with local architect Mauricio Lanari. Contact information is available on the website, or reply to Viviun with your questions and/or contact information.