Property in Grand Bahama, Bahamas - Lots/Acreage in Grand Bahama/Freeport

Discover an exceptional vacant waterfront lot for sale in the highly desirable Colony Bay, located on Bermuda Drive. Perfectly positioned near the Casuarina Bridge, this property offers direct access to the Grand Lucayan Waterway, making it an ideal site for a landmark development. Spanning approximately 0.98 acres (42,927 sq ft) with an impressive 237 feet of water frontage, the lot is zoned for multifamily high-rise, presenting outstanding potential for residential or mixed-use development. The generous size and prime waterfront location provide flexibility for a variety of design possibilities while capturing stunning water views. With its strategic location, development-ready zoning, and direct water access, this property represents a rare opportunity to invest in one of the area’s most promising waterfront corridors. Ideal for developers seeking a premier site in a growing and well-connected location.