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Help me choose!

Hi all. I am purchasing a vacant lot to build my dream home but I have a choice between two.

  1. 8,600 sqft, in an exclusive area near the beach, 5 minutes walk. All infrastructure already in place (water, electricity, underground), land is already cleared and well manicured. Problem is they have many restrictive covenants that will make us have to adjust a lot of our plans, including home size, type of walls, height of building, how the yard should look, no guest house for my mother in law, etc. Sale price- $100,000

  2. 10,600 sqft, 15 minutes walk away from the beach, area is okay. Land in uncleared, can’t even walk through it a sit is really dense, no infrastructure (we have to request poles for electricity, etc), no road access, less rules, sale price is $95,000

They’re both in the same neighborhood, it’s just that option 1 is in a cul-de-sac closer to the beach. None have a beach view though.

I love both, but I do think that option 1, being so upscale is a once in a lifetime opportunity. But option 2 seems like the obvious choice because it will allow me to build how I want without having to constantly check on the rules.

Any advice is greatly appreciated. This is in the Caribbean.

submitted by /u/Aquaman242
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source https://www.reddit.com/r/RealEstate/comments/hzscoy/help_me_choose/
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