The subject property is the remaining portion of the Harbour Isle Community development project at the northern end of the peninsula. Located along Manatee Ave. W. and just minutes from the public beach, the remaining parcel is a fully waterfront pad. The remaining phase consists of 3 parcels totaling 18.90 usable acres. The preliminary site plan references 5 residential pads which together allow for the development of 275 high-rise condo units ranging from 6-12 stories plus parking levels. The road to the site has been graded but not yet paved. The existing Harbour Isles Community already contains a Floridays restaurant and Compass hotel at the entry, a Safe Harbor wet/dry slip marina, 411 low rise townhomes along the spine, short term rentals beside the marina, and a community beach club recreation center. The Seller is looking for the right Buyer/Developer to finish the project with the high-rise waterfront condos in the back of the peninsula. Please note the following buying terms to be included in an LOI: (i) Buyer’s intended use for the property (ii) assumption/payment of contingent fee obligations owed to Hayden (iii) assumption of declarant rights under Master Declaration and control over Beach Club and other common areas and amenities (as is, where-is, without recourse back to Minto) (iv) construction of Martinique Drive extension; and (v) property will be added to Master HOA.
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