For Sale $3,000,000, reduced from $4,900,000
IMPORTANT NOTE: This property had a zoning change after obtaining all the endorsements stated below, that does not allow for the proposed development to occur. After the flooding of approximately 250 homes outside the perimeter of this property, the local municipality and agencies are working to restart this project that included the flood control system that protects the homes from future flood events. This flood system includes channeling, levy's, jetty's and other engineering that accommodates a marina and other touristic and economic activities, to work hand in hand with nature.
LAND PROPOSED FOR RESIDENTIAL, RESORT & MARINA
AGUADILLA / AGUADA BAY, PUERTO RICO
Beachfront and bay access parcel consisting of 210 acres that had a final approved Environmental Impact Study (EIS - Now Expired).
The original Site Master Plan / Environmental Impact Study included the following:
*Full service marina for 500 wet slips and 500 dry stack slips for a total of 1,000 boats.
*160 hotel with casino, spa, and meeting spaces.
*170 condo-hotel units, shared units or residence hotel.
* 52 water front villas
*685 residential condominium
* 99,500 retail and marina commercial areas
*Beach club on by a true Caribbean white sand beach
Located at the NW corner of Puerto Rico and in the middle the Aguadilla Bay shoreline, with calm and noble seas all year and a white sandy beautiful beach, that faces directly West providing true relaxing moments as the sun hides over the horizon.
This region is well desired as a favorite retirement and leisure destination in the island, as well as an important industrial location. The international airport with direct US flights from New York, Newark, Fort Lauderdale, Orlando. The economy fares above average in the island thanks to mayor employers like: Hewlett Packard, InfoTech, Honeywell,Micron Technology, Lufthansa Technik, FedEx, LifeScan, InfoSys, Tyco, Homeland Security, Border Patrol, Coast Guard, ICE, Rafael Hernandez International Airport; among many others. Due to this high concentration of employer's, Aguadilla benefits from one of the highest concentrations of bi-lingual schools in the island.
The location has almost immediate access to the main road PR-2 with is a located at just a 15 minute drive from Aguadilla's International Airport & Ramey Golf Course. Please click "View Map" for satellite image.
The Aguadilla Bay is an ideal rest, refueling and boating enclave for locals as well as those traveling to the Caribbean and South America. This fishing in this region is well known for it's sport fishing and is nearby waters are host of international billfish tournaments. The region currently has no flag hotel or marina.
PUERTO RICO BEACH PROPERTIES OPINION
It is a fact that the Puerto Rico real estate market is soft; also is true that the amount of Act 22 and Act 20 investors seems to be very active and prices have been increasing at high end residential locations in the island. We believe that a mix a high end resort with marina and beach, with an exclusive residential neighborhood will be a success. The limited inventory of beach residential neighborhoods, the proximity the airport and the lifestyle the region offers; combined with the high interest of Act 22 relocations are factors that contribute for this project to become a success. Puerto Rico Tourism Incentives - Act 74 further contribute to the development with tax exemptions and tax credits up to 30% - 40% in some cases:
This residential, resort & marina development, includes a flood control system that will positively benefit some 3,000 residents near the Culebrina River and Caño Madre Vieja Creek in Aguada. The creation of construction jobs, and goods and services that support the project will be positive to the islands economy.
Serious inquiries only. Visits by appointment only.
Contact us for further details.