$5,500,000 For sale
Developer opportunity St. Martin St. Maarten
One of the best locations in the Caribbean, this 18.8 acre (76,137 m2) site on Gibbs Bay at Red Pond Estates.
Situated on the Dutch side of St Maarten, St. Martin, a few miles East of St. Maarten’s new Princess Julianna Airport.
The location of this site is within a residential sub-division known as Red Pond Estates.
Nestle into the lush hillside of Gibbs Bay with its white sandy beach and world famous coral reef dive site.
The South-facing oceanfront resort property affords deep blue vistas across the Caribbean Sea.
Also in sight is St. Barths, as well as the Atlantic Ocean.
Additionally fully sun all day long and trade winds to provide a pleasant year- round micro-climate.
The resort will be place on the 9.18 acre parcel and the balance of the land (9.62 acres) is designate for residences.
Hence the property is zone multi-family (12 units per acre) and a hotel is permitted.
The concrete roads are in and all the underground utilities are in install (water, electric and cable). Security Guards at the main entrance are on 24/7.
Ownership of the property is held in 2 off-shore companies (1 for the Resort and 1 for the Residences) based in Anguilla. The asking price for the entire property is 5.5 Million US Dollars (US$5,500,000).
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