Real Estate update: Grande Bay unit offered

05238_1Didn’t take long for someone with a contract on a unit at Grande Bay, the 48-unit condominium project overlooking Cruz Bay, to list it for sale for $1.1 million in the wake of the Governor’s decision limiting expansion of the as-yet unfinished project.  The two-bedroom, two-bath unit features a private penthouse entrance and a hot tub.  Its main asset could be the contract, given the Governor’s veto of rezoning that halted plans by developers to add 14 more units, on which contracts had reportedly been written.  Meanwhile, there is still no action in Chocloate Hole where the long-delayed Pond Bay Club project is planned.

The number of residential properties for sale stands at 80, unchanged from last week. Three houses were added to the Multiple Listing Service last week, suggesting three other properties came off.  Among the new residences are a 5-bedroom house at Chocolate Hole, priced at $2.4 million, and the 3-bedroom Casa Nita at Coral Bay, priced at $1.345 million. land offerings climbed to 195 and the condo list added 4 to 25.

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