RESIDENCES AT LA POINTE Unit: Lot B

Beachfront land inside Port New Providence -- genuinely on the sand, with entitlements in hand -- does not come to market. When something of this description finds its way to a buyer, it is almost always packaged with a completed product, absorbed into the sale of an existing residence. To find it offered on its own, with a clear runway to build, is exceptional. Which is the whole point of this listing. Thirty-one thousand square feet, fronting one of the most protected community beaches on the south shore of New Providence, and entitled for an eight-unit boutique development. Concept renderings by the ownership contemplate two low-rise buildings of contemporary line -- glass, plaster, timber screens -- with each residence rising to a rooftop, drawing down to a private pool, and opening directly onto the sand. The scheme has been designed with restraint; the underwriting math is clear-eyed. Finished units in this configuration would be expected to trade in the $1.5M to $2M+ range apiece, in a market where sophisticated coastal product at that level continues to find its buyer.