KATAMA - The 'hottest' area of the island! Half acre lot with existing three bedroom, two bath contemporary home, on a FOUR BEDROOM lot, in a four lot subdivision being sold "As is". Existing home needs updating and renovation. Three additional existing houses will be demolished and rebuilt. All properties will be subject to Architectural Guidelines to develop a high end Enclave. Zoning allows a guest house also of no more than 900 sq.ft. A swimming pool is allowed. Amidst a neighborhood where homes have consistently sold up to $3,000,000. Subject property is located one lot away from the Field Club. Minutes to SOUTH BEACH and DOWNTOWN EDGARTOWN. Subdivision map is attached. There are no warranties or representations of the condition of the structure. Seasonal tenants in place until October 31, 2017 but easy to show. (Fence to right in main photo does not indicate lot line). TITLE 5 Certification in place.