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Associations: Wexas and the Association of International Property Professionals (AIPP), Local property Index

Carriacou Waterfront Luxury Home

Carriacou Waterfront Luxury Home, Point St Hillaire, Carriacou

Price: USD 695,000.00

Acres: 1.3 acres

PRICE SLASHED ON LUXURY GRENADINES WATERFRONT HOME. 3 bed, 3 bath, pool, outstanding location and views, 300 ft border with the oceanfront.

Status: Sold

Property Details

Surrounded by shallow bright Caribbean waters, in just about the safest place to live in the world, this three bedroom, modern home offers a life of beauty culture and adventure.

Property Details

 

  • Prime location with 330 ft border with the oceanfront
  • Exquisite views over coral reefs and the Grenadine Islands.
  • 35 ft swimming pool.
  • Waterfront land reaches the sea.
  • 3 bedrooms, 3 bathrooms, living, dining, kitchen.
  • Outdoor dining.
  • Drinks bar.
  • Parking for two cars.
  • 1.3 acre plot of manicured gardens.
  • Distance to Grenada 35 nautical miles
  • Distance to Mustique 50 nautical miles
  • Distance to Petit St Vincent 7 nautical miles
  • Access via Grenada International Airport to Carriacou airport.
  •  

    INVESTMENT

     

    One need only look at comparables below to see that this is a rare and important opportunity to buy beachfront Caribbean real estate at a 70% reduction from market value. The house has a rental yield potential of 4%.

    Grenadines waterfront land is incredibly desirable and rarely available. This waterfront asset on Carriacou is most important from an investment point of view because of the proximity of the International Airport on Grenada, the nearby ‘out of this world’ boating locations in the Grenadines called the Tobago Cays and the uber luxurious restaurants on the island of Petit. St Vincent. More significantly though this is the number one place to invest because of the three major new developments in the area;

  • 1.The extension of the Carriacou airport to accommodate up to the Dash-8 aircraft to create an area for private jet parking and upgrade emergency response facilities & equipment.
  • 2.The development ofthe Carriacou Marina called Tyrell Bay Marina will provide berthing for over a 100 boats, Cafe, Workshops, Office space, a Gas Station and Duty Free Shop. The project costing in excess of US$ 20 million will be completed by Q1 2017.
  • 3.The development of the Port Louis Grenada with Camper and Nicholson which includes a marina with 350 slips and yachting facilities for yachts up to 100 metres, 36 lots for individual houses, 200 residential, 120 room 5-star hotel and a Wellness center.
  •  

    COMPARABLES

    Achieved Prices

  • Bequia 3 bed villa, 3000 sq ft, 0.67 acres, waterfront property.

  • Achieved a price of US$ 3,5m in 2013 representing a capital value of $ 1166 per sq ft.
  • Grenada La Luna, 5 bed villa, 3545 sq ft, 0.8 acres, waterfront property.

  • Achieved price of $ 3,6m capital value of $1015 per sq ft.

    Sales Prices

  • Carriacou Point Blanc, 3 bed villa, 4,678 sq ft, 1.3 acres, waterfront property.

  • Available for US$ 695,000 representing a capital value of $150 per sq ft.
  • Carriacou property 5 bedroom, 5683 sq ft, 3 acres, waterfront property.

  • Available for $3.57m, representing a capital value on the property of $628 per sq ft.

     

    ISLAND LIFE

    “"I emerge from the water and realize that I may be on one of the most beautiful beaches in the Caribbean. Paradise Beach, Carriacou, in fact."

    “Cooperation is the spirit of this 13-square-mile island, the largest in the Grenadine chain, 23 miles northeast of Grenada.”

    The New York Times

    Carriacou is a tropical home  for several hundred expats and a community of educated, kind and hard working indigenous people.

    Being largely off the tourist track means that the approximately 6,000 inhabitants live their lives un-self-consciously, fishing and farming, sustained by the natural beauty of bounteous vegetation, the strength of family and the survival of African and colonial ritual and myth undiluted by tourists' tastes and inclinations.

    The nutrient rich Guyana current flows over Grenada and Carriacou’s volcanic coastlines, contributing to a healthy and varied coral reef environment that has few equals in the Caribbean.

    The largest island in the Grenadines and officially part of Grenada, Carriacou has forest-covered hills that roll down to immaculate beaches. Its name means 'land of the reefs', and it is surrounded by great snorkelling spots. The ruins of sugar mills are dotted all over the island. The capital and biggest settlement, Hillsborough, dates back to the 18th century, when the naval commander Sir Ralph Abercromby set up camp here in order to attack the Spanish in the Americas.

    The island has a doctor's clinic and a small hospital equipped for minor operations. Twenty minutes by sea ambulance on the mainland is the St Georges Hospital. The island provides for a full, fun and safe life in the tropics and is written about regularly by its residents and journalists who travel the world and choose Carriacou as one of their favourite places in the world. The island must be experienced, it is quite simply one of the most beautiful places on earth.

    Destination Information

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    DISCLAIMER: For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a detailed survey, nor tested the services, appliances or specific fittings. Room sizes are not to be relied upon for carpets and furnishings. If these are important matters which are likely to affect your decision to buy, please contact us before viewing the property.

    The air holidays advertised are ATOL protected by the Civil Aviation Authority.
    Grenadine Escape is a subagent on ATOL license ATOL T7350 for Travel Indigo.
    Protection extends primarily to guests who book and pay in the United Kingdom. ATOL protection does not apply to all holiday and travel services on this website. Please ask us to confirm what protection may apply to your booking.
    Click on the ATOL logo for further information.
    Grenadine Escape is a trading name of Grenadine Escape Ltd.
    Registered office: 5th Floor, Kinnaird House, 1 Pall Mall East, London SW1Y 5AU. Registered number: 05141271.