Resort Development Opportunity for Sale, Castara, Tobago

49.23 acre resort and residential development site for sale in Tobago in the village of Castara with plans for an eco-friendly 180-key development.

Tobago – Resort Development Land for Sale

Offered at US $18m, this parcel of land for sale in Tobago is situated in the north west of the island.

The parcel extends from the edge of the rainforest reserve to a landlocked private beach at Castara Bay on the sheltered north-western Caribbean coast of Tobago.

Enjoying an elevated location, the site boasts panoramic beach, sea and sunset views.

These functioned as a guest house type accommodation before I moved to Australia. The structures are very sound, only in need of a paint job, TLC and management really. Castara is a high demand tourist area, the property has just been neglected since we moved to Sydney.

Planned Residential Resort

Plans have been developed for a residential resort development which would respect the unique features of Tobago and of the southern Caribbean. The plans provide for an environmentally-sensitive and sustainable resort, which would maximise the use of sea, land breezes and indigenous plants and retain existing mature trees.

The site could accommodate a beach club and 180 guest pavilions nestled in the forest.

Redevelopment Opportunity

The site includes 4 existing buildings which could be renovated:

• One shop on the main road with self-contained apartment,
• One 4 bedroom 2 bathroom concrete 2 story building,
• One 2 story concrete/wooden building with 4 self-contained apartments with very large concrete decks overlooking the private beach,
• One concrete storeroom.

Ideal Location for Diving, Fishing & Hiking

Offering some of the best diving in the Caribbean, excellent fishing and exhilarating hiking, the Castara area would be ideal for the development of a resort of this kind.