$ 10,000,000

The Property is located in the Southwestern Section of Grand Bahama Island along Fortune Bay Drive and approximately eight (8) miles from Grand Bahama International Airport offering quick and convenient access to major cities of the U.S. This prime 30 acres of land zoned Tourist Commercial sits on 2,400 feet of pristine sandy beachfront surrounded by the emerald blue waters of the Atlantic Ocean to the south and Grand Lucayan Waterway to the north and would be ideal for a hotel resort, supporting amenities, and a marina along the rear canal. A conceptual site plan which includes 350+/- timeshare units, a 380+/- room hotel and 12 single family lots has been included. With much of the Island's existing development centered around the Freeport/Lucaya area of the island, the Property's idyllic location offers a secluded oasis of water, sand and surf related activities including boating,, swimming, diving, fishing, beach, wind surfing, Para sailing and jet skiing. For those that are nature lovers a lush tropical garden and nature park is within reasonable proximity. The property is located in close distance to the Sir Charles Hayward Yacht Club and Grand Bahama Sailing Club, Danny Rigby's School of Tennis and the Garden of the Groves nature park. The extensive waterway and canal network bordering the property provides access to island home sites and the main channel cuts through the island providing access to both north and south sides of the island.