"Albacore Drive", Lucaya, Grand Bahama Island
$1.8 Million

Executive Summary

Listed Price: $1,800,000 US
Property Type: 3 Acre residential estate
Location: 10 Albacore Drive, Freeport, Grand Bahama Island
Identification: APN Lots #6,7,8,9, 10 & 11, Block No. 5, Greening Glade subdivision, Unit 2, Freeport, Grand Bahama.

Site Size: 3.00 Acres

Property Description

The subject property is located in the Port Lucaya marketplace. This area of Grand Bahama Island is in the very early stages of revitalization. Adjacent to the Lucayan Country Club's Dick Wilson's designed championship course, the estate site is situated mid fairway on the third hole of the golf course. The subject property consists of a three-acre botanical estate combining 11,200 square feet of residence and ancillary guest & staff facilities. Built in 1972, the subject property is considered in good condition with normal deferred maintenance. Construction and design techniques utilized in the estate were considered state-of-the-art for the development period.

Owner of Record:

According to the client supplied records, the subject property is held in the Name of Robert & Company Ltd. Robert & Company Ltd is controlled by Mr. & Mrs. J. Seymour Harris.

Site:

According to supplied records, the subject property is approximately 3.00+/- acres and excludes any existing right-of-ways.

Improvements: The subject property is improved with an 11,200 square foot home and Botanical Garden.
Topography: Level
Zoning: The subject property is currently zoned for single-family residential.
General Plan Designation: Residential
Utilities: All utilities are available to the subject.
Easements and Encumbrances:

No title report has been supplied. We assume that any significant encumbrances or easements do not adversely effect the subject property.

Highest and Best Use: The highest and best use of the subject property is to remain as improved.

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Lucaya Estate

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