Lantana, Sandys
Description
The stunning and sprawling former Lantana Cottage Colony is up for sale! The 9.73 acre Sandys property with sweeping views of the Great Sound and extensive waterfront is truly a gem of Bermuda. The gently terraced slope from the azure waters below takes you to the highest point with 360 degree views overlooking this most peaceful and private place. A vast, seclude estate borders the property to the west and the iconic Railway Trail, a National Park and treasure, to the north is perfect for hiking and biking through the island. Lantana, the Island’s first cottage colony, opened in 1958. In its prime, boasted extensive formal gardens, a croquet lawn, tennis courts and pool to compliment the highly desired Bermuda cottage lifestyle popular with locals and visitors alike. Now cleared, the land is a blank slate for developers. Many mature palms remain as well as an extensive dock and small private beach. The property is zoned for Tourism that allows for residential use. Permission from previous planning approvals include 28 hotel condominiums, 13 residences, a beach pavilion, pools and a clubhouse. Simply stated this is a unique opportunity to purchase one of the most charming properties in Bermuda with rare boatable waterfront. Bermuda is a beautiful and safe destination with a straightforward process to develop, having a sophisticated infrastructure and qualified business operators. The governing bodies have put their full support behind residential tourism and welcome investors
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Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Finally Sandys | 1.3 km | 3 | $825,000 |
| Cedar Hill Sandys | 1.8 km | 3 | $1,200,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
3 similar properties on the island advertised at within 25% of this price. Their median asking price is $16,900,000 — this one is asking the same. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Lantana, Commercial | Sandys | — | $16,900,000 | same |
| Island House | St George's | 7 | $18,000,000 | +7% |
| Vagabond House | St George's | 4 | $13,975,000 | -17% |