Good point. Let’s assume it’s approved for as many condos as regulations will allow. My friend’s received approval to build an 8-story condo tower with 5 units/floor, another 20 townhomes in two rows of 10 each, and a clubhouse and pool. The land is on a hillside so every unit as well as the clubhouse and pool will have an ocean view. I’m thinking the units will be 2br/bath of around 1200 square feet each.
Any information would be appreciated. I’m really just interested in this from a curiosity standpoint of what kind of discount this sort of land goes for by virtue (or penalty) of being south of the border.
