NEW LISTING 

Frenchman's Bay

MLS # 08-1021

LISTED AT $1,300,000

DEVELOPMENT POTENTIAL, JUST ABOVE LIMETREE BEACH !

Situated on 2.82 acres of gently sloping land just above Limetree beach, this is a developer's dream! The owner has completed a lot of the hard work by sub-dividing the land into 5 parcels of 1/2 acre + each and drawing a conceptual plan showing two cottages on each of the parcels (total of 10) each with their own dip pool and a common carport and roadways with gated access. What a cute cottage colony this would be and all within a golf cart ride to Limetree beach! 
There is a two bedroom, two bath cottage on the upper part of the  acreage which could be used by the developer while the project gets built out. Or the cottage with one-half acre could be sold off first to provide capital for infrastructure improvements. You do the math, this has great investment potential!