Prime Property in the Caravelle Bay Subdivision

Caravelle Bay, Freeport/Lucaya, Grand Bahama - Unit: , Block: 27, Lot: 61

Description

This oversized canal lot is located in the Caravelle Bay subdivision of the Grand Lucayan Waterway. The lot features an incredible 255ft of water frontage with sturdy seawall. This area is developing quickly and more and more investors, second home owners and developers are looking towards The Grand Lucayan Waterway for canal front lots when considering value, price and size. The proeprty would make an ideal estate sized homesite, however, the zoning allows for multi-family development as well. For the developer, the property woudl offer ample room for a few homes or cottages, a condominium complex or apartment building. Prices are rising at an average of 10-15% a year in this subdivision. This property offers a great value at just $199,000.