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Description

Positioned on the edge of the highly sought-after Shela area of Lamu, this exceptional investment property presents a rare opportunity for developers and visionary investors to acquire a high-potential residential development site just moments from the iconic Shela Beach sand dunes.
Set on a 0.25-acre leasehold plot, the property currently comprises two existing structures, including the charming double-storey “Mashiriki House” and a separate studio hall building, offering immediate usability while unlocking substantial long-term development potential.

Existing Improvements
Mashiriki House is a beautifully designed 4-bedroom residence blending elegant European architecture with authentic Swahili-inspired vidaka detailing. High ceilings, exposed timber beams, and generous living spaces create an inviting coastal atmosphere ideal for boutique hospitality, luxury rentals, or private residence use.

The home features:
* Open-plan kitchen, dining, and lounge area
* Stylish green epoxy breakfast bar and pantry
* Laundry room and storage/staff quarters
* 4 spacious bedrooms
* 3 bathrooms
* Upper-level family lounge
* Expansive L-shaped balcony overlooking mature tropical gardens

The grounds are enriched by indigenous trees, mature palms, and newly planted fruit trees, creating a tranquil oasis within walking distance of Shela’s vibrant beachfront lifestyle. The garden is bigger enough to design an outdoor plunge pool and garden gazebo.

Exceptional Development Potential
What truly sets this property apart is its future expansion capability. Both existing structures were engineered with foundations capable of supporting up to three additional floors, creating a compelling opportunity for:
* Luxury apartments
* Boutique hotel suites
* Holiday residences
* Wellness or retreat accommodation
* High-yield vacation rental units
The property’s strategic location — behind the Shela football pitch and between the community pool and Shela’s pristine dunes — positions it perfectly to capitalize on the growing demand for premium coastal accommodation in Lamu.

Additional Features
* Private freshwater well
* Elevated water tank tower
* Perimeter wall along main road frontage
* Existing studio hall currently operating as a fitness studio
* Excellent accessibility and strong redevelopment footprint