Expansive 22-acre Waterfront Estate in North Sound

With an extensive waterfrontage and beach, Mooney Bay Estate is the only privately owned freehold estate property with frontage to North Sound and not forming part of a sub-division. It is also one of the largest privately held estate properties in the BVI at over 22 acres of land. Originally developed in the 1980’s, Mooney Bay Estate was for many years a private retreat before being operated as a rental property. The property was damaged during Irma with the owner now electing to sell this asset leaving the next owner to determine the direction this property may take. ;HIGHLIGHTS.Land Area :The property has a water and beach frontage of approximately 900 linear feet to North Sound. The estate encompasses 22.010 acres of land which extends up the hill behind the beach to a height of approximately 480 feet above sea level. .Title :The property is held with freehold title. There is a sea-bed lease for the dock. ;Access :Currently, Mooney Bay Estate can only be accessed by water with the closest public road at Leverick Bay Marina which is just a short dinghy ride away. There is a private road adjacent to the eastern boundary which is part of a Government sub-division of the adjacent property. Road access to the property would be possible at this point with the relevant permissions. There is a barge ramp on the property adjacent to the dock. ;Potential :With the North Sound waterfront location, Mooney Bay will provide the next owner with plenty of options for either residential or commercial / resort developments within an area that has become one of the leading ultra-high end resort residential development areas in the Caribbean with development at Oil Nut Bay, Moskito island, Bitter End Yach Club and Saba Rock. The private island developments at Necker Island and Eustatia Island are also within a short boating distance. ;Dock Development :As part of the development of the property, the owners have obtained full planning consent for the reconstruction of the original dock and an extension giving a total length of 208 feet with an arm of 120 feet. The water depth at the end of the dock extension is around 16 feet. ;Existing Improvements: Development of Mooney Bay Estate has been restricted to the beachfront area which comprises flat land rising no more than a few feet above sea level leaving the remainder of the property and hillside undeveloped. The property has been developed with a seven-bedroom main villa, a manager’s cottage and a tennis court above a substantial cistern. These improvements have been cleared of storm debris but remain in an unrepaired state following hurricane damage. ;Utilities :Cisterns – 48,000 gallons freshwater40,000 gallons grey water. Mains electricity