$5,900,000 $7,080,000

Pease Bay Beachfront Development Hotel/Tourism Site

6.3000 acres

This very rare and unique parcel has over 1,058' ft. of beach frontage. The site is one of the few available development opportunities. Zoned as a hotel designation affords it the greatest potential for development and flexibility in terms of what could be done with the land. This parcel could be utilized for a hotel, a condominium development, or a private estate. The aspect that makes this site so unique is its topography. Elevated at 6' to 18' ft above sea level while offering the best of all worlds in terms of protection, views, beach, and accessibility to the water. It is unusual that the elevation changes from the east to the west and from the road to the sea. The ridgeline is wide and offers commanding views of the Caribbean Sea. At 6.3 acres, the maximum hotel bedroom allowance is 409, and the condo allowance is 157 beds. This gives the developer a variety of designs to do something exceptional. The site historically was approved for shoreline reformation as well as a dock. This is a one-of-a-kind opportunity that is only 25 minutes from George Town.