Waterfront Parcel of land, Developer Opportunity, Dawn Beach, St. Maarten SXM, Upper Prince's Quarter, Sint Maarten

Developer opportunity St. Martin St. Maarten SXM\r\rOne of the best locations in the Caribbean, this 18.8 acre (76,137 m2) site on Gibbs Bay at Red Pond Estates, on the Dutch side of St Maarten, St. Martin, a few miles East of St. Maarten’s new Princess Julianna Airport. The site is located within a residential sub-division known as Red Pond Estates.\r\rNestled into the lush hillside of Gibbs Bay with its white sandy beach and world famous coral reef dive site. The South-facing oceanfront resort property affords deep blue vistas across the Caribbean Sea to St. Barths and beyond to the Atlantic Ocean, full sun all day long and trade winds to provide a pleasant year- round micro-.climate.\r\rThe resort would be placed on the 9.18 acre parcel (see in attachment) and the balance of the land (9.62 acres) is designated for residences. The property is zoned multi-family (12 units per acre) and a hotel is permitted.\r\rThe concrete roads are in and all the underground utilities have been installed (water, electric and cable). Security Guards at the main entrance are on 24/7.\r\rOwnership of the property is held in 2 off-shore companies (1 for the Resort and 1 for the Residences) based in Anguilla. The asking price for the entire property is 5.5 Million US Dollars (US$5,500,000).\r\rSMI Real Estate Dawn Beach St. Maarten.