Property Details
Basic Information
- List Price: $465,000
- MLS Number: 66251
- 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.
- Area: Bahama Terrace
- Currency: BSD
- Fees: $500
- Building Number: 4-7. 15-20
- Subdivision: Bahama Terrace
- Square Feet: 6,600
Property Type
- Property SubType: Single Family Home
Interior Features
Interior Features
- Bedrooms: 6
- Bathrooms: 4
- Cooling: Central
- Laundry: In Unit
Exterior Features
Exterior Features
- Building Construction: Concrete Block
- Foundation: Yes
- Water: City
- Sewer: Septic - Yes
- Parking Type: Open
- Exterior Features: Covered Patio, Pool
- Exterior Features: Covered Patio, Pool
- Site Influences: Central location, Family Oriented, Shopping Nearby, Quiet Area, Marina Nearby, Pets Allowed, Can Be Rented
- Amenities: Garden Area, Swimming Pool, Main Level Entry
- Shared Amenities: Pool Outdoor
- Acreage: 1.93
- Area: Bahama Terrace
Utilities and Appliances
Utilities and Appliances
- Cooling: Central