Basics
| Location Bahama Terrace | Island Grand Bahama/Freeport | Lot Number 4-7, 15-20 | Construction Concrete Block |
| Category Single Family Home | Total Finished Floor Area 6600 | Type Single Family Home | Status For Sale Only |
| Bedrooms 6 beds | Bathrooms 4 baths | Area 3300 sq ft | Lot size 83901 sq ft |
| MLS ID 66251 |
Description
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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.
Property Features
- Amenities: Garden Area,Swimming Pool,Main Level Entry
- Shared Amenities: Pool Outdoor
- Style: Other
- Exterior Finish: Finished Concrete
- Sewer: Septic - Yes
- Water: City
- Laundry: In Unit
- Roof: Asphalt Shingle
- Foundation: Yes
- Air conditioning (Condo): Central
- Outdoor Area (Condo): Covered Patio,Pool
- Assessment Includes (Condo): Landscaping,Garbage Disposal
- Parking Type: Open
Miscellaneous
- Legal Description: Continental Park Development made up of 2 homes (Lots 4 & 5) and lots 6,7, 15-20. Sold as a package.
- Site Influences: Central location,Family Oriented,Shopping Nearby,Quiet Area,Marina Nearby,Pets Allowed,Can Be Rented