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Dreaming - Buy That Land in St.Kitts
- Buy That Land in St.Kitts
can make out a fast moving boat in the distance as it steers towards you
on the deep-swelling, turquoise waters that separate the islands of Nevis
and St. Kitts, in the West Caribbean. The trip is interspersed with white
plumes of water that spray out, as the boat re-connects with another wave.
It must be Tambo, the only local boat-taxi to be out in his six-seater
boat in this heavy sea. He has ridden the waves between the two islands
for several years and knows the conditions well.
passengers, it’s quite unnerving as the boat skids down one 4-5 feet wave
and leaps out of the water on the next, Tambo expertly controlling the
throttle. For those used to it, the $30 round trip fee is part of the joy
ride in getting over to Nevis in fifteen minutes, from Turtle Beach. The
alternative is to drive several miles into Basseterre, the capital of St.
Kitts and wait for a scheduled ferry to Charlestown that takes 35-40 minutes
for $12. Time is too precious on this island to be waiting around for ferries.
Tambo is just
one of the characters of Turtle Beach life that is starting to attract
the attention of people looking at development land for holiday homes or
retirement properties on the southern peninsula.
is still relatively cheap at $8/sf compared to Frigate Bay ($12/sf); or
Antigua ($15sf). This is a beautifully lush, narrow peninsula with central
peaks that drop down to ten miles of desolate, sandy beaches and unhindered,
mesmerizing views across to the island of Nevis.
We fell in
love with this area, buying land a few years ago for $4/sf and there are
many opportunities to still get in early before full off-island developments
island of 64 sq.miles has a population of approximately 46,000. Its major
industry used to be sugar cane, but when the last factory closed in 2005,
a large percentage of this land became government controlled and the island
focused heavily on tourism. In 2004, the Marriot was the first major hotel
chain to see the tourist potential on this island, and opened up a 1000
room hotel in Frigate Bay, seven miles north of Turtle Beach. The L’Auberge
and Mandarin Oriental Hotels are slated for construction in 2006/7 on southern
peninsula. Go to www.stkittspeninsula.com
for more details on these high-end luxury developments. Visitors to the
island can slowly pass their days going golfing, scuba diving, sea-kayaking,
trekking through the tropical forests to the top of the island volcano,
or island hopping over to Nevis with it’s almost permanent white cap of
cloud hanging over it’s volcano.
Pereira family is fourth generation on St.Kitts and they have been involved
in real estate for many years. Much of the land on the southern peninsula
is privately owned compared to the central and northern government owned
areas. Ricky Pereira has built several homes here and operates a
successful real estate and development company www.stkittsrealty.com.
Wayne and Annie
Walker purchased coastal property in 2002, overlooking Turtle Beach for
less than $4/sf, and completed the house by 2004. It now sits majestically
nestled into the hillside overlooking the bay and directly across from
Nevis, with a two-minute walk down to the sea.
above Turtle Beach range from $400 to $1million. Their first-hand experience
is that building on the island can be frustrating, slow and costs can escalate,
so be sure to follow up on all references from builders. Talk to locals
and find out which architects are recommended the most and go look at the
homes they have built.
purchasing land must apply for an Alien Land Holder for permission to buy
(properties in Frigate Bay are exempt, falling under the tourism development
belt the island is continuing to develop). The license, primarily for background
checks, takes a couple of months. Residential Property tax and Land House
taxes vary, depending on location and type. For example, the southern peninsula
is 0.5% of the market value. Frigate Bay is calculated by taking 4% of
the market value (property or land), then taking 5% of that value to arrive
at the annual tax. A 25% rebate is given for properties occupied by their
owners, solely for residence.
only pay local attorney fees of about 2% of the purchase price for handling
and transfer of the property title, and the Alien Landing license.
We used real estate lawyer Charles L. Wilkin, of “Kelsik, Wilkin &
Ferdinand”, Basseterre (869) 465-2645.
first stayed at Turtle Beach in 2001 and rented the only accommodation
on the southern tip, an apartment above the Turtle Beach Restaurant owned
and operated by Gary Pereira. You could eat the Mahi Mahi he had caught
the same day. Photographs of when Princess Diana waited there to cross
over to the Four Seasons Hotel in Nevis proudly adorn the wall behind the
closes at 6pm and we had the beach cove all to ourselves. At night
you could relax in the balcony hammock, swaying back and forth in the warm
sea-breeze and look across the waters to the twinkling lights of Nevis
and Oualie Bay where Jimmy Buffet sometimes stayed to write his music.
We like to spend Christmas here each year because it is what it is today
and not what it thinks it can be tomorrow.
In 2001, there
were two homes built on the phase 1 development of 25 lots. Today there
are still only 11 completed homes. Islands are slow to change, but now,
recent off-island developers have seen the incredible opportunities on
the southern peninsula, and plans are marching forward over the next several
years for a marina, Rees-Jones golf courses, high quality, up-market homes
But time is
running out. Stop your dreaming as you flip the pages of the glossy travel
magazines and “wish you were there” photographs and take the plunge.
There is still time to get in at the ground level and “Live de Life” on
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