A developer’s dream in a robust real estate market. Are you ready to seize the opportunity of a lifetime? Look no further than this exclusive offer – 240 acres of prime development land nestled directly above the coveted and wildly successful North Coast gated and amenity filled housing development, Richmond Estates, in Priory, St Ann. Imagine the possibilities: a sprawling mega housing development boasting million-dollar views at every turn. With homes in Richmond Estates fetching a staggering US$450, 000.00+ each, it’s clear that this is a market ripe for expansion. And with the current ‘limited inventory’ of homes or large ‘residential land tracts in prime locations’ for development available, the time to act is now! Here’s why this property is an absolute gem: Unparalleled Location: Situated atop the very sought after Richmond Estates gated housing development (https://www.youtube.com/watch?v=maDB4B-PYUE) and a 15 minute drive from another new and successfull oceanfront development, Paradisiac Beach Club (https://www.youtube.com/watch?v=J76Lk6BSEvA). This 240 acre land tract offers breathtaking panoramic views of both majestic mountains and the sparkling Caribbean sea. This marquee property is the epitome of meeting a burgeoning housing need accompanied by a rather healthy ROI (Return On Investment) once developed. Location, Location, Location. Alternatively, the entire 240 acre land tract is extremely flexible and can easily be multi-phased into a major affordable housing gated develoment or a blend of both affordable housing and a luxury home development given the land’s expansive mountain and ocean views, land topography, land mass and it’s varied access points to the major North/South highway and other parochial roads. Vast Acreage: With 240 acres at your disposal, the potential for development is limitless. And with 95% of this vast land tract being flat and buildable, you can bring your vision to life with absolute ease. Endless Possibilities: Whether you envision a mega housing development akin to the desirous Richmond Estates gated community or you prefer to create something entirely unique, this property provides the perfect canvas for your dreams. Investment Potential: Zoned for residential housing and offering the ability to construct up to 9 homes per acre, this property presents an unparalleled investment opportunity in a thriving real estate market. Infrastructure Ready: With water and electric infrastructure in close proximity, development couldn’t be more convenient. Plus, only minutes from the famed North/South highway along with multiple access points ensure ease of entry and exit for residents. And the best part? The price is incredibly negotiable! The owner will also entertain sensible joint venture or seller financing (Vendor’s Mortgage) possibilities. This is your chance to secure a lucrative deal and make your mark in the world of real estate development. Don’t let this opportunity slip through your fingers.

Listing courtesy of PRA AND COMPANY REALTORS 754-444-0853



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Data last updated at: 2024-05-01 02:35 AM EDT