Andros Isle Development Limited yesterday announced it had signed an agreement to purchase the Plantation Bay Resort project in Ferguson Point, Long Island. with the intent to turn it into an exclusive, high-end gated community. In a statement, the company,which is a wholly-owned subsidiary of Andros Isle Development Corporation, said it plans to offer 36 one-third acre lots with either canal frontage or ocean frontage, starting at $500,000 per lot.

In addition, it will offer five one-acre plus estate homesites, each with at least 100 feet of beach frontage starting at $ 1.2M million per estate site. Donald Harper, president and chief executive of Andros Isle Development Corporation, said: "We look forward to developing one the' most distinctive, exclusive properties in the southern outer islands. Our goal with Plantation Bay is to provide our residents with a truly spectacular vacation home experience."
The project sits on a 27-acre tract of land at Ferguson Point, in northern Long Island. The property has 2,700 linear feet of Caribbean Beach frontage.

Source: The Tribune