Listing Title: Exuma Palm Hotel - Ocean Addition East Great Exuma
Area: Ocean Addition East
Island: Great Exuma
Listed Price: $12,950,000
Property Type: Business w/Bldg & Land
Business Name: Exuma Palm Hotel
Business Type: Other
Major Type: Hotel/Resort
Lot SqFt: 740520
Amenities: Air Conditioning Fully, Cablev
Legal Description: Exuma Palm Hotel 12 rooms, 17 acre, (with approximately 2,000 feet of beachfront) resort and restaurant, Great Exuma, Bahamas.
Land and Services: Waterfront Property
Sale or Rent: For Sale Only
Description: !2 rooms and restaurant Future developments: The Development has been approved and permitted by the Ministry of Works. The project has complete government approval for 8 oceanfront single family lots, 141 condominiums and villas, 72+ unit hotel, 12,000 square foot commercial plaza and amenities. The process of attaining the necessary permits, approvals, and requirements for a development of this size is an extremely time consuming and detailed endeavor in The Bahamas. Any purchaser of The Palms at Three Sisters will not have to labor over these variables and could begin construction immediately after conveyance. This creates a very rare and valuable opportunity. In addition to the development opportunity, there is currently a fully operational, income generating 12-unit hotel and restaurant on-site. Proven sales of other developments on Great Exuma support the potential for an incredible ROI. Property values have escalated since the arrival of the Sandals Resort and demand remains strong in the luxury market.