Total Finished Floor Area: 6,600


Description: Investment & Development Opportunity. Rare opportunity to acquire an established residential development in the desirable Bahama Terrace area of Freeport for under $500,000. This package includes two completed income-producing homes and eight single-family residential lots within the private park of Continental Park. Continental Park is a small neighborhood centered around a lush one-acre residents’ only private park with a swimming pool, creating a peaceful setting for homeowners. The community consists of 22 homesites, with 9 homes already built, providing a solid foundation for a developer or investor to complete and revitalize the remaining lots. The two existing homes are currently rented, offering immediate income while further development is planned. HOA fees for the homes are $233 per month, covering lawn care, pool upkeep, and insurance, while the vacant lots carry only a minimal HOA fee, $20/month. Conveniently located near grocery stores, marinas, restaurants, downtown Freeport, and Port Lucaya, this offering presents a compelling opportunity for any developer.

 

 

Listed by: Hideaways Real Estate

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