One Paradise Island offers the rare opportunity for a developer to acquire one of the last remaining parcels of vacant land on world-renowned Paradise Island. Located within walking distance of Atlantis and within steps of The One & Only, a Four Seasons Resort, this one-acre north-facing parcel located on this resort-style island is zoned multi-family and has potential for development of townhouses, villas or condominium units, or a sizeable private family estate, with additional space on-site for incorporating amenities such as a swimming pool or tennis court. With 200 feet of direct frontage on Paradise Island Drive, once developed, One Paradise Island will offer convenient ingress and egress with enough space for a buffer to be included so homes or an estate can be set back from the road for privacy. Known for its premier resorts, high-end shopping, fine dining, and ultra-luxury gated communities like Ocean Club Estates, Paradise Island is a high barriers-to-entry community that leaves very little opportunity for competitive development.
One Paradise Island is currently only one of a few vacant parcels that exist on the island, one of which abuts One Paradise Island on the south end and is also available for purchase. If combined, these two parcels would equal close to two acres of developable land. Current rental rates for high-end villas on Paradise Island range from $5,500 to $7,500.
A site plan and renderings for this property are available upon request.
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