A rare opportunity to purchase a prime waterfront parcel in one of Bermuda's most peaceful and historically rich coastal settings. Whether you are an investor, developer, or buyer seeking long-term value and flexibility, this exceptional property offers outstanding potential. Situated at the entrance to Dolly's Bay Road, this 0.31-acre waterfront lot is shovel-ready and zoned Residential 1 and includes approved plans for a floating dock, along with a fully paid 21-year foreshore licence, allowing you to maximize its waterfront lifestyle appeal from day one. The development possibilities are extensive. Design and build a spectacular private waterfront residence or take advantage of the zoning to develop up to six condominium units such as two residences on each of three levels (subject to any required final planning approvals). Whichever vision you choose, future owners or residents will enjoy the tranquil, protected waters of Smith's Sound, imbedded within an established, stable, and welcoming safe neighbourhood. Combining waterfront living, development flexibility, and significant long-term investment potential, this is an exceptional opportunity to secure one of Bermuda's few remaining and most desirable coastal parcels.
To find out more about mortgages through Morston Financial, contact us today at mortgages@morstonfinancial.com or visit our website at morstonfinancial.com
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 7.00%, 30% deposit over a 25 year period.