Flourishing Caribbean Vacation Villa in Grenada

$1,850,000
6
6
11,554
sq. ft.
$160
per sq ft
Heated sq ft: 5,500 sq ft
Avg Nightly Rate: $845
Home Legally Sleeps: 12
Occupancy Rate: 36 weeks
Annual Gross Income : 150000
Annual Net Operating Income : 46000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach, Business Stay, Couples/Romance, Nature, Resort, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 418

Property Description

Own a successful Caribbean vacation villa, offering 5+1 exquisite suites, and all of the amenities you would expect to ensure complete relaxation and rejuvenation for your guests. Here's what your guests will experience: "Privacy & intimacy with family & friends is what you can enjoy throughout the 5,500 square foot retreat. Uniquely situated on a 11,500 sq. foot premium property at the very tip of Lance Aux Epines, Grenada's most southerly, & desirable location. Delight your senses with refreshing ocean breezes, and spectacular panoramic views from our lookout, capturing the trade winds of both the Caribbean Sea & the Atlantic Ocean. Cool down in either of our 2 swimming pools. or one of the terraces leading down to our private beach. Discover your own personal sanctuary under one of our pergolas, decks, or daybed, or simply celebrate life together in our spacious formal dining room, great room, or main veranda."

Presented by:
Owner:
rick feld
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 845
Low: 745
Peak: 945
Special Event: 845
Avarage: 845.00
Furniture Age
8
Est Value of Furnishings
$200,000
Peak & High Seasons
January, February, March, April, May, July, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Yes
Reason for Selling
When we began our vacation villa business in 2012 it was out intention to build it for 8-10 years.
Foreign national buyer restrictions from government?
No
Gross Annual Income
150000
Net Operating Income
46000
Stories
2
Additional Indoor Rooms
Family Room, Living Room, Multiple Master Suites, Other
Appliances
Dryer, Full stove, Other
Heating/Cooling
Wall Unit A/C, Other
Floor Coverings
Concrete, Real Hardwood, Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Energy Star appliances, Energy efficient lighting, Low flow faucets/toilets, Solar Panels, Tankless water heater
Year built
2008
Outdoor Features
Deck, Fenced/Gated Yard, Garden, Inground Pool, Porch - Not screened, Walk Out Balcony
View
Beach, Mountain, Ocean
Backyard Exposure
Southwest
Lot Size
11,554 sq ft
Community Features
Bar, Fitness Center, Marina, Not Located Inside Community, Ocean Access, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Other
Tax Amount/Year
$1,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Bar, Fitness Center, Marina, Not Located Inside Community, Ocean Access, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
12
Onsite Parking
2 vehicles can park inside the walled area, 1 on our property outside the wall. Street parking is available.
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$10.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
36
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Booking.com Profile, Private website, Existing database of guests, Professional photos, Professional video, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
 
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Credit Card Fee
$3.00
Cleaning Fee
$80.00
Licesnes & Permits (Annual)
$375.00
Advertising & Tech Costs (Annual)
$1,384.00
Yard & Pest Control (Annual)
$1,200.00
Pool & Spa Maintinence (Annual)
$496.00
Electricity (Annual)
$7,532.00
Water/Sewer (Annual)
$1,987.00
Cable/Interbet (Annual)
$1,236.00
Accounting Fee (Annual)
$150.00
Property Taxes (Annual)
$1,000.00
Homeowner's Insurance (Annual)
$4,222.00
Short Term Rental Insurance Rider (Annual)
$483.00
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$150.00
Additional Membership Fees (Annual)
$547.00
Acquisition
Purchase price
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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