About the property (MLS: 1285549):
A rare opportunity to build your dream home by the sea—this 0.629-acre lot offers 159 feet of ocean frontage along scenic St. Thomas Line, with commanding views of the dramatic cliffs of Bell Island and Little Bell Island. Elevated and west-facing, the property promises breathtaking sunsets from the comfort of your future backyard. Surrounded by some of the area's most prestigious neighbourhoods, including Country Gardens and Island View Estates, this lot presents the perfect foundation for a luxury build with long-term value. With approval in principle already in place for a single-family home, your vision is ready to take shape. The L-shaped layout allows for a generous building footprint plus an extended backyard—ideal for a detached garage or workshop, hot tub, or outdoor lounge, all positioned to take full advantage of the ocean view. Municipal water and sewer services are available on the street for easy connection. Whether you're dreaming of a modern coastal retreat or a timeless family home, this location delivers both inspiration and investment potential. A turn-key build option is also available through our trusted partner builder, offering a seamless path from land to custom home. Oceanfront properties of this size and setting rarely come to market. If you’ve been waiting for the right canvas to create something extraordinary, this is your once-in-a-lifetime opportunity. (id:56688)
Property Details
Listing ID: 28372536
Address: 655 St. Thomas Line, Paradise, Newfoundland & Labrador, Canada A1L3N7
Status: Active
Last updated: 18 days ago ( Jun 2, 2025 )
Property Type: Vacant Land
Ownership Type: Freehold
View: Ocean view
Sewer: Municipal sewage system
Tax Annual Amount: $950
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 7
Rurl
Coordinates: [47.577106, -52.90009]
Rooms
Basic Calculator
First Mortgage: $176,000
Mortgage insurance premium: $0
Total Financing: $176,000
Rough closing fee (1.5%): ~ $3,300
Total downpayment with estimated closing fee: $47,300
Investment Calculator:
Monthly | Yearly | |
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Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $0 | $0 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | NaN% | NaN% |
Cash Flow | $0 | $0 |
Net Operating Income (NOI) | $0 | $0 |
Capitalization Rate | 0.00% | 0.00% |