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Development Potential, Marigot Bay

US$ 3,500,000
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Overview

  • Updated On:
  • January 26, 2021
  • 5 Bedrooms
  • 5 Bathrooms

Description

5 Bedroom Waterfront property for Sale with Private Deep Water Dock, Marigot Bay, St Lucia

A Waterfront Property on the North Side of Inner Marigot Bay. The south facing property rises from the waterfront to 40 meters above sea level and totals 1.1 acres. The site is world class with unobstructed views over Marigot Bay, described by Pulitzer Prize-Winning Author, James Michener, as The most beautiful bay in the Caribbean.

The property is connected directly to the La Bas beach by a board walk, running behind the mangroves and is partly developed by Mango Beach Inn.

Mango Beach Inn is a plantation style stone house built in the 1950’s and is presently used as a guest house.

Below Mango Beach Inn is the docks, which previously hosted the Rainforest Hideaway Restaurant and Bar (until it was closed in May 2017). Planning Approval, in Principle exists for the construction of twelve large apartments on the slope behind Mango Beach Inn.

Property Specifications

Two registered land parcels totaling 1.1 acres with additional land available to the east, west and north.

Land Parcel 0443B 25: Area 17,284 sq. ft. or 0.4 acres. Waterfront Crown Lease on the Queen’s Chain was originally set at 99-years from 1984 and the present lease expires in 2083. The lease is renewable after the remaining 65 years.

‍Land Parcel 0443B 353: Area 29,482 sq. ft. or 0.7 acres. This parcel is freehold; fee simple in US terms.

Privacy

There is no road to the north side of Marigot Bay, which is served exclusively by boat. The crossing time is under two minutes giving the perfect combination of privacy and easy access to the fully developed service facilities on the south side of the bay – including 7/8 bars and restaurants, the Five Star hotel, spas, a bank, a supermarket, car parks and a full range of marina fuel, berthing and service facilities.

Slope

The average gradient is 20, rising from sea-level to approximately 40 meters above sea level. The gradient is ideal for construction with the minimum of cut and fill and the rise in the property gives stunning views over the Bay from all levels.

Beach

La Bas beach, a safe swimming beach, is located within 200 yards and reached directly from the property in under 2 minutes via a boardwalk along the edge of the mangroves

Existing Development

Mango Beach Inn  a large stone plantation-style house built in the 1950’s with a total internal space of 5,921 square feet, currently used as a Guest House. There are five double bedrooms each with en-suite bathrooms  2 with separate dressing/bunk rooms. The focal point of the house is the 1,000 sq. ft. harbour Room, overlooking the bay which is presently used as the guest lounge. The house has a large kitchen, laundry, reception area and offices and storage rooms.

The Docks formerly hosted the famous Rainforest Hideaway Restaurant and Bar, which closed in May 2017. The dock could easily be reconfigured as a Super-yacht Dock. The lye is NE/SW which is the exact direction of the prevailing trade winds.

Other Facilities: Swimming Pool, Gazebo, Landscaped Tropical Gardens, Water Storage of 16,000 gallons and 75kVA Generator.

Potential

Luxury Villa with Super-yacht mooring

The property is large enough to accommodate a large, modern, luxury villa and perhaps a number of independent cottages as guest or crew/staff accommodation.

The docks can be rebuilt to any configuration within the existing footprint without any further Planning Approvals. There is a water depth of 15 ft. at the docks and a deep-water approach and the docks could be redeveloped to accommodate almost any size of vessel.

Small, Boutique Hotel

The existing Mango Beach Inn could be converted to act as a central facility for a small boutique hotel. The existing Planning Approval in Principal on Land Parcel 353 covers 12, two-bed apartments with internal spaces ranging from 1,236 to 1,700 sq. ft. plus extensive terraces with plunge pools, designated The Harbour Residences. These apartments could be redesigned as a larger number of mixed single and two-bed hotel units. The original build concept provided for overlapping apartments using the gradient to ground each apartment whilst maintaining unobstructed views from each unit. This resulted in a very efficient use of land, and left significant areas for trees and vegetation

The original bar and restaurant facilities on the dock can be restored to provide facilities for both residents and visitors.

Discussions with Government indicate that a small hotel in this location, with a minimum of 20 beds, would qualify for registration under the High-End Boutique Property section of the St Lucia CIP program which can provide a portion of low cost development capital.

Larger Resort Development

Over 30 acres of contiguous land to the east, north and west of the property are available for sale and would logically be developed through the property, which has the only opening in the protected mangrove fringe around the north side of the Inner Marigot Bay. This open waterfront could provide access for construction traffic and materials and serve as an entry/exit point for any future resort development.

For more information on the Marigot bay area please click here

For details on the Mango Beach Inn click here

 

Documents
Country: Saint Lucia
Open In Google Maps
Property Id : 5837
Price: US$ 3,500,000
Property Lot Size: 46,766 ft2
Bedrooms: 5
Bathrooms: 5

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