Sotheby’s Specialized Assets Group is pleased to present the Court Ordered sale offering of the Wyndansea Resort development. Located in Ucluelet on Vancouver Island’s west coast, this 360-acre property provides extensive waterfront on both sides of the Ucluth Peninsula. Comprehensively zoned for a golf oriented resort community, Wyndansea was to include a 7,000 yard Jack Nicklaus Signature golf course and up to 925 single-family, multi-family and hotel condo units.
In 2006 and 2007, the original developer of the Wyndansea project achieved considerable gains towards the development of the property. Progress included obtaining zoning, building on-site roads, and providing services to many portions of the property. Thirty bare-land strata lots were also serviced and registered in the Land Titles Office (and all but one remain part of this offering). The site was also cleared and construction commenced on several holes of the golf course.
The Wyndansea Oceanfront Resort property was originally listed for sale in 2008 at a price in excess of $35 million. This prime development site is now being offered for sale at below assessed value. The asking price is Nine Million Nine Hundred and Fifty Thousand Dollars ($9,950,000).
The Wyndansea development represents an excellent opportunity to complete the original vision of this exceptional piece of real estate, or to create and complete a new vision for the site. At a new, reduced asking price, this rugged, west coast development acreage is well priced to sell.