Sterling Resorts to Exclusively Manage and Sell Snug Harbor Properties
DESTIN, FL, August 25, 2005. Harbour Development, LLC. announced today it has chosen Sterling Resorts to manage real estate sales and rental operations of Snug Harbour Marina & Condominiums, a new $240 million, 10-acre condominium development and 132-slip marina overlooking Watson's Bayou in Panama City Beach.
The Mediterranean-style development will feature soft natural exterior tones, an Italian red-tiled roof and expansive archways that guide guests to luxurious amenities. Boasting numerous water attractions, the development will have a large infinity pool with a shallow sunbathing area, two additional pools with fountains, a two-lane 25-meter lap pool, two hot tubs and a children's "wet" play area. For those wishing to enjoy the outdoors in the shade, the development will have 23 cabanas and four outdoor living spaces.
"We have gone to great lengths to make this magnificent waterfront community the only one of its kind in the area," said Keith Calvert, managing member of Snug Harbour. "Snug Harbour Marina & Condominiums is the first stage of redevelopment for an unsightly area of downtown Panama City. We will set a standard of excellence for future investment in Panama City, and our project will have a very positive impact on sales taxes collected for the community to have Sterling Resorts on board helping us sell and manage this extraordinary project."
Whether strolling down the natural shore-side boardwalk, jogging on the walking trail or enjoying the children's playground, guests will enjoy the serene setting of oak and magnolia trees dripping with Spanish moss and waterfront views of Watson's Bayou. In addition to the outdoor amenities, Snug Harbour Marina & Condominiums will have a state-of-the-art fitness center and 5,000 square feet of meeting space.
"We are proud Harbour Development chose us as the exclusive agent for such unique development as Snug Harbour," said Sterling's President and CEO Jim Olin. "With our focus on upscale waterfront developments, Snug Harbour is an ideal property for us."
Snug Harbour Marina & Condominiums will offer 393 spacious one-, two-, three-, and four-bedroom condominium units ranging from 999 to 2,168 square feet. The development will be fifteen stories and consist of three towers that wrap around the lagoon and marina.
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