Beachfront Development lot
Red Pond Estate, St. Maarten
$5,500,000
Active

Red Pond Estate, St. Maarten

Property Features

  • MLS # 1205

Property Description

MASSIVE BEACHFRONT DEVELOPMENT IN RED POND

Located in Gibbs Bay / Red Pond on the Dutch side of St Maarten (just a few miles east of the international airport), this site would be perfect for the development of a beachfront hotel resort and casino. Spanning 18.8 acres (76,137 square meters), this large piece of land is situated within a residential sub-division known as Red Pond Estates. The property is nestled into the lush hillside of Gibbs Bay enjoying south-facing views of the white sandy beach, the world famous coral reef dive site, the nearby island of St Barts and the Atlantic Ocean. The site allows for a resort to be placed on the 9.18 acre parcel and residences on the other 9.62 acre parcel. Hence the property is zoned multi-family (12 units per acre) and a hotel is permitted. UTILITIES Concrete roads and underground utilities (water, electric and cable) are in place. Security Guards at the main entrance are on 24/7. COMPANY OWNERSHIP Ownership of the property is held in 2 offshore companies (1 for the resort and 1 for the residences) based in Anguilla.

Location

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