Above: Blue Hole Bay

By the Caribbean Journal staff

The 180-acre Blue Hole Bay parcel in the Bahamas has been put up for sale, according to Miami-based commercial brokerage Colliers International South Florida.

The property, which is also known as Dean’s Blue Hole, is on the Atlantic coast of Long Island, is set to be developed as an ultra-luxury resort.

“High-end hotels and resorts exist throughout the globe, but having an opportunity to build a world-class resort in one of the true natural wonders is a hard value proposition to equal,” said Xavier Cossard, senior investment sales associate Xavier Cossard.

The site was recently a finalist for the “7 Natural Wonders of the World” list by the New 7 Wonders Organization.

It is made up of two parcels: one, an inland tract of around 140 acres, and a 46-acre parcel known as Whale’s Tail due to its shape.

The land is surrounded by 600 feet of beachfront and 500 feet of cliffs.

The property has the world’s deepest sea cave, at 663 feet.

“Colliers is marketing this as well as other island properties in the Bahamas,” said Michael Fay, chairman and founding partner at Colliers. “This is the most well-known and desirable of those locations because of its sheer beauty and potential.”