This Development Land consists of 2 contiguous waterfront parcels, with a total acreage of 15.42 acres. Parcel 41 Remainder is 4.25 acres and has frontage on a sandy swimming beach. Parcel 41-7 is 11.17 acres, and this parcel contains shoreline in Frydenhoj.

This property is adjacent to the Compass Point Marina, which can be developed to compliment this neighboring asset. Outside the gold-plated yacht marina category, the Compass Point Marina is the newest, largest and most up-to-date marina on the island, catering to boats in the 25 to 65 foot range. It is also one of the best protected marinas on the island. This property is perfect for a new upscale resort, catered to part-time or full-time residents who wanted to be near a marina facility where they could start their diving or fishing excursions, and keep their own boats close by. The fact that several resort-condo complexes on the island have full time residents proves there is a demand for full time resort living.

• Property Area: 15.42 +/- acres
• Parcel: 41, 41-7
• Zoning: Commercial | W-1, known as Waterfront Pleasure. This zoning allows for hotels, condos, and two family residences. Minimum lot sizes are 10,000 SF
• Best Use: Upscale boutique hotel or residential resort of 80 vacation condos or residences.