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$ 465,000
Est. payment /mo
Active
4-7. 15-20 CONTINENTAL PARK Grand Bahama/Freeport
6 Beds
4 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $140
MLS Listing ID 66251
Style Other
Bedrooms 6
Lot Size 1.926 Acres
Property Description
Investment & Development Opportunity. Rare opportunity to acquire an established residential development in the desirable Bahama Terrace area of Freeport for under $500,000. This package includes two completed income-producing homes and eight single-family residential lots within the private park of Continental Park. Continental Park is a small neighborhood centered around a lush one-acre residents' only private park with a swimming pool, creating a peaceful setting for homeowners. The community consists of 22 homesites, with 9 homes already built, providing a solid foundation for a developer or investor to complete and revitalize the remaining lots. The two existing homes are currently rented, offering immediate income while further development is planned. HOA fees for the homes are $233 per month, covering lawn care, pool upkeep, and insurance, while the vacant lots carry only a minimal HOA fee, $20/month. Conveniently located near grocery stores, marinas, restaurants, downtown Freeport, and Port Lucaya, this offering presents a compelling opportunity for any developer.
Location
Community Bahama Terrace
Area Bahama Terrace
Building/Complex Name Grand Bahama/Freeport
Interior
Interior Features Garden Area, Swimming Pool, Main Level Entry
Cooling Central
Laundry In Unit
Exterior
Exterior Feature Covered Patio, Pool
Parking Features Open
Amenities Available Pool Outdoor
Roof Type Asphalt Shingle
Building
Lot Description Central location, Family Oriented, Shopping Nearby, Quiet Area, Marina Nearby, Pets Allowed, Can Be Rented
Foundation Yes
Sewer Septic - Yes
Water City
Structure Type Concrete Block
Courtesy of: The Bahamas MLS
