View on Map

Resort Development Opportunity for Sale, Castara, Tobago

Resort Development Opportunity for Sale, Castara, Tobago

  • $18,000,000
Property ID: 13576

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.

View on Map

See Full Description

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.

Trinidad & Tobago

Buying Property in Trinidad & Tobago

Find out more about buying property in Trinidad & Tobago in our guide for property buyers. Discover how to buy real estate in Trinidad & Tobago, where to invest and much more.

Read more: Buying Property in Trinidad & Tobago