Nestled away with its own private cay, Rainbow Cay Development Site presents a one-of-a-kind opportunity for discerning buyers, with multiple possibilities for development and uncompromised privacy. This rare private peninsula offers exclusivity and tranquility in one of Eleuthera's most coveted locations, Rainbow Bay. This exclusive offering is one of the few true legacy land parcels remaining along Queens Highway, offering an idealistic combination of 1,000+ ft of rocky shore ocean frontage and 290+ ft of exceptional private sandy beach totaling over 20 acres beautifully situated with cascading views over the infamous Bahamian blue waters.
Sayle Point House, the hidden jewel located in the heart of Rainbow Bay Cay features a ~2,000 sq.ft. home with 3 beds, 3 baths, and provides ocean views from nearly every room in the house. Currently producing six figures in gross rental revenue, and consistently staying booked; this home could easily convert into a community clubhouse or restaurant. Poised nearly 6ft from high tide and surrounded by a rock and cement break wall, Sayle Point House and its beautifully preserved construction could easily become the home to a community restaurant, clubhouse, or center point of a new development.
The untouched land surrounding Sayle Pointe House has been zoned and approved for a hotel/ resort, encompassing both a residential and commercial component. All utilities, electric and water are hooked up to Sayle Pointe House along Wandering Shore Rd., and would simply need to be brought to each additional unit during construction.
The entire property offers impressive elevations ranging from ~4ft to ~20ft above sea level with previous conceptual development plans available upon request. A mooring is provided for boaters' access and the water off of the cay is deep enough for the construction of docks.
Rainbow Cay Development Site offers excellent proximity to well established communities such as Governors Harbour and North Eleuthera while remaining one of the few exclusive areas along Queens Highway that is insulated by natural vegetation for optimal privacy and exclusivity.
This prime development opportunity is exactly what central Eleuthera is missing. Located just 15 minutes from ELH Airport, and remains one of the few privileged properties to have robust dining options ranging from beachside casual dining to upscale fine dining all within reach along Queens Highway.