Sold — $2,000,000
The sellers held an 8.35-acre development tract on Frank Watson Boulevard directly opposite the Albany estate entrance. The goal was to capitalize on Albany's continuing expansion and the surge in demand for large-format development land on the South Ocean corridor. The property needed to be positioned to attract developers and investors who understood the strategic value of being across the road from one of the Caribbean's most exclusive addresses.
8.35 acres of development-ready land on Frank Watson Boulevard, South Ocean. The parcel sits directly opposite the entrance to Albany — Tiger Woods's ultra-luxury resort community that has redefined Nassau's western corridor. The tract offered substantial road frontage, flat topography suitable for immediate development, and proximity to South Ocean Beach and the planned infrastructure improvements along the southwestern coast. Development potential ranges from a luxury residential subdivision to a boutique hospitality project.
South Ocean has become one of Nassau's most watched corridors. Albany's continued expansion, combined with the Baha Mar resort complex and a wave of new infrastructure investment, has positioned the southwestern coast as a growth engine for luxury real estate. Large development parcels in this area have become scarce, with most landholders understanding the long-term appreciation thesis and holding accordingly.
The property sold for $2,000,000, reflecting the premium that development land commands when adjacency to a marquee project like Albany is part of the value proposition. The sale reinforced the South Ocean corridor's emergence as a serious contender alongside Cable Beach and Lyford Cay in Nassau's luxury land market.
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