BiggerPockets

Description:

Prime parcels in Grand Bahamas which is located just 56 miles off the coast of Ft Lauredale Florida. Close to the casino’s, marinas, beach and shopping. It is deeded Fee Simple and is available as a private sale.

10 acre parcel of deeded beach access property which has been subdivided on paper (ONLY) to show you the potential to subdivid into 44 single family homesites, condo’s or hotel. It is right across from the beach with deeded access. Contract offer just feel thru due to financing and it is now back on the market. Asking price is $1.9M and the Seller is willing to hold $1.0M first at 4% interest only, amortized for 30 yrs, due and payable in a 5 yr balloon. As you can see there is a huge potential for profits here if the parcel is sold and developed or just build your 10 ac estate. There are NO property taxes there and your investment is protected.