This land originally was meant to be converted in to residential (currently agricultural), divided up, and sold as lots. It was already started but never finished.
Each land that was already divided up and sold, had sold for 000 - 000. After doing a quick calculation, you can see that the property is worth over a million dollars. So why is it being sold so cheap? In order for the owner to abolish his company that owns the land, he must sell the land prior to abolishing his company. To him, the abolishing of the company is more important than the potential value of the land.
There is a beach nearby that was completed and that is a private beach only for the residents of the area.
The 69 Acres (28 Hectares) property is considered a resident of the area allowed to use the private beach.