PRICE REDUCED BY $200,000!. SELLER SAYS BRING HIM AN OFFER!Great bay views and a mid-town location! Development opportunity for 48 hotel rooms or 22 townhouses or condominiums. Being sold for development potential. Existing cottages bring in $50K! All existing structures sold ''as is'' with no warranty or guarantee. Basic schematic drawings are available for townhouses and condominiums.Some private financing may be available.