Lots/Acreage in Rainbow Bay

Lots/Acreage in Eleuthera

3 BD

3 BA

Vacant Land

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This listing is courtesy of the Bahamas MLS

Listing details

Description

Rainbow Cay Development Site presents a one-of-a-kind opportunity for discerning buyers, with multiple possibilities for development and uncompromised privacy. This exclusive offering is one of the few true legacy land parcels remaining along Queens Highway, offering an idealistic combination of 1,000+ ft of rocky shore ocean frontage and 290+ ft of exceptional private sandy beach totaling over 20 acres beautifully situated with cascading views over the infamous Bahamian blue waters. Sayle Point House, the hidden jewel located in the heart of the property features a ~2,000 sq.ft. home with 3 beds, 3 baths, and provides ocean views from nearly every room in the house. Currently producing six figures in gross rental revenue, and consistently staying booked; this home could easily convert into a community clubhouse or restaurant. The untouched land surrounding the home has been zoned and approved for a hotel/resort, encompassing both a residential and commercial component. All utilities, electric and water are hooked up to the house and would simply need to be brought to each new unit.