There is just something special about St. Barts. Perhaps it's the islands plethora of pristine beaches, the exquisite cuisine offered throughout the island, or the myriad of world class fashion and shopping opportunities in Gustavia. Locals have coined the term "barefoot" luxury to describe the mentality of and flavor of the island which will great visitors of the island. The island of St. Barthelemy has only 8000 residents, no casinos or mega resorts, no golf or all-inclusives. What St. Barts does have in abundance are beautiful beaches, breathtaking vistas and a fantastic array of wonderful restaurants. The climate is ideal, with temperatures generally ranging from 76 to 82 degrees Fahrenheit and the crystal blue waters have a average temperature of 75 degrees Fahrenheit making them perfect for swimming year round.
Not unlike New York City, the real estate market is characterized by extremely high demand for limited product. And as such, real estate prices in St. Barts are some of the most expensive in a vacation destination in the world. While you may be able to locate an exceptional property in other destinations for around 2.5 million dollars, this same property may sell for more than double in St. Barts. Unfortunately, many of those travelers that share our love for this destination have found themselves priced out of the market. Those that were not discouraged by these price tags find frustration at the amount of funds tied to a property they only use less than five weeks per year.
SandCastles has been watching this market closely for the last several years through our sister companies and is looking to secure a several properties on the island. Potential share prices will range from approximately 600k to 900k. Realize what owners who acquired their villas through traditional ownership structures already know; it's extremely unlikely that you will use your second home for more than 5 weeks per year. What is more, it's quite difficult to secure financing for a second home in St. Barts. At best, you may be able to finance 50% of the property. Due to the difficulities associated with financing a property in St. Barts, the majority of the real estate transcations are cash. The value is clear. Why not pay for only the time you will actually use? SandCastles can provide you with deeded ownership with a deed in the villa of your dreams for just a fraction of the price.
If you have a shared interest in this magical destination, please contact us to learn more about our potential offering in this location.