$3,780,000 $4,536,000

Multi-family Waterfront Beach Resort

8 bed   |   11 bath   |   5918 sqft 0.3400 acres

MLS: 413876

5-unit complex all with ocean views looking back on Seven Mile Beach and the corridor all the way to George Town. Elevated at over 12 ½ feet MSL, the complex surrounds a stunning pool and deck area with steps down to the ocean. Tremendous investment opportunity.

This complex has been completely renovated from top to bottom with modern kitchens, high-end tile floors, floating staircases, large windows bringing in lots of light and spectacular ocean views, patios off the living and bedroom areas and high ceilings. The bathrooms feature high-end tile throughout and modern cabinets and fixtures. The 1444 sq. ft. 2 BR residence has a large upstairs balcony and downstairs patio area and a chef’s kitchen with a huge wine fridge, expansive KitchenAid gas stove, custom cabinets and built-in, glassed display cabinets. Each and every one of the 5 residences has its own unique design, built and layout all with top-of-the-line materials.

The residences are configured as follows: Unit 1 = 2b/3b; Unit 2 =  2b/3b; Unit 3A = 1 bed studio; 3B x  1 bed studio; 4 = 2b/3b. Property fully tenanted. 

Excellent location with spectacular views, and the opportunity to generate income out of the remaining spaces. Ample parking. All units have waterfront views from nearly all spaces. The property is permitted to add 5,000 sq. ft. by adding a third floor. This could either be a large private residence or could be divided into multi spaces, as the owners were contemplating further construction of the potential 5,000 sq. ft. they have taken steps to protect the second floor, in order to remove the roof, to add another floor. This is a tremendous opportunity to develop a beach resort or short-term rentals like Air BnB. Just off the pool area, there are steps leading down to the beach for access to the water.  Property may also be easily stratified.

Sales price does not include any artwork, ornaments, or personal effects.

 

Key features

  • Price $3,780,000 KYD
  • Built 1980
  • Sq ft 5918
  • Acres 0.3400
  • View Water Front
  • Zoning Beach Resort/Residential

Property Details

  • Cistern
  • City Water
  • Dining area
  • Dishwasher
  • Fence
  • Furnished: Yes
  • Kitchen area
  • Living room
  • Microwave
  • Multi-Zone AC
  • Patio
  • Pool
  • Refrigerator
  • Septic tank
  • Stories: 2
  • Utility room

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AGENT

James Bovell
Broker / Owner
+1 (345) 945 4000
james.bovell@remax.ky

AGENT

Mabel McMillan
Bovell Team Sales Associate
+1 (345) 945 4000
mabel.mcmillan@remax.ky

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