St. Kitts and Nevis has become one of the Caribbean’s most luxurious and popular destinations with new real estate developments.
St. Kitts and Nevis offer a range of properties, from exclusive 5-star cottages to high net worth individuals applying for citizenship in st kitts and nevis. The real estate prices in St. Kitts and Nevis remain low compared to other Caribbean islands, and provide substantial room for capital appreciation.Between 2009-2012, apartment values gained from between 5%-9% per annum, and select pre-construction resort investments increased betwen 7% – 12% per annum during the same time period. These figures are based on 238 transactions during this period.
To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least USD 400,000 plus the payment of government fees and other fees and taxes. As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, but since introducing new regulations in 2012 the next buyer may also qualify for citizenship subject to diligence checking. A list of approved real-estate developments is published on the website of the CIU of the Government of St. Kitts and Nevis.
The real estate market in Saint Kitts and Nevis has risen significantly in the island because of more arrival of visitors and new flights to the islands and also because of new real estate developments such as 5 star Park Hyatt hotel, Aman resort, Hilton, Mariott and Four seasons resort in Nevis contributing to the boom. It is possible to buy a fractional limited share in various real estate properties with minimum $400,000 and qualify for citizenship. Over 70% of the real estate sales are linked to the citizenship by investment program. In St Kitts the rental yields range from 4.9% to 5.3% as holiday occupancy rates are very high in summer peaking $2000 a week. The price of 1.5 bedroom condos and houses starts from $420,000, 3 bedroom condo houses $750,000 averaging $3020 per sq.m. Developers oversee rental management and income from rental usually cover all the maintenance costs and insurance tax of property and not passed to investor. To book a property, usually 10% of deposit is required. Applying for citizenship is not a requirement when you purchase a property, however if you decide to apply for citizenship, you are required to pay $50,000 government fee and $7500 due diligence fee per person. You will pay full amount for real estate, only after receiving approval for citizenship from the Government to the developer through the authorized agent.
Many wealthy families, also prefer to take second citizenship from St Kitts and Nevis, when purchasing a holiday or vacation home. The St Kitts passport is recognized in over 132 countries in the world, with greater travel freedom to visit Europe, United Kingdom, Singapore, Hong Kong without visa. Citizens of St Kitts and Nevis are automatically entitled to a passport. The St Kitts passport is ranked as 32nd best passport in the world, with visa free travel freedom to 132 countries in the world.
1. Four Seasons Resort Estate Nevis
Four Seasons Resort Estates Nevis is the only fully operational 5-star resort in the country of St. Kitts and Nevis.
The resort itself offers a Robert Trent Jones II 18-hole golf course; a best-in-class destination spa; gorgeous sandy beach with water sports; 10 tennis courts including six clay; a fitness centre; programmes and amenities specifically designed for kids and teens; and five on-property restaurants.
$472,200 onwards
Villas at Pinney’s Beach
Set between the green lawns and water features of the golf course and the south border of the Resort, the Villas at Pinney’s Beach are some of the closest residences to the ocean. You can choose from one-tenth ownership shares in three- or four-bedroom free-standing villas.
Poinciana Estates
At the Poinciana Estates, clients have the option to work with the Four Seasons Resort Estates’ design team to build a personalized residence on a custom home lot. These are situated in more private locations, and are within a short distance of the hotel or beach
2. Christophe Harbour
Christophe Harbour is the largest master-planned development on St. Kitts and Nevis and has residential planning for up to 2,000 luxury residences. The community will provide the highest standards of luxury living, the Park Hyatt St. Kitts, a super-yacht marina and village, an 18-hole Tom Fazio-designed golf course, a spa, clubhouses, and various fine dining restaurants. There are 13 miles of coastline within the development, and six distinct beaches and bays.
$450,000 onwards
Pavilion Hill Homesites
Sandy Bank Bay is Christophe Harbour’s premier residential neighbourhood. Villa schematics were pre-designed by Hart Howerton, Architects and Planners of San Francisco and New York. You may choose one of their pre-designed homes, or you may build a custom home.
Harbourside Homesites
Harbourside is a location that provides ownership of 20-foot waterside lots that extend into the water. This ownership structure allows a variety of unique designs such as private docks (for boats up to 50ft) and intimate beaches. The waterfront features quiet, colourful gardens and intimate outdoor living spaces that are typical of the relaxed Caribbean lifestyle. Pre-designed home plans were created by Hart Howerton, and you are also able to fully customize your build.
Cardinal Point Homesites
At Cardinal Point, homesites are set just above the deep turquoise water of the bay and are terraced to capture either open and dramatic or tight, intimate views. These cliff-side homesites are up to 170 feet wide, reflecting the charming villages of the Italian coast.
Windswept Residence Club
The Windswept Villas are pre-designed, pre-built homes, currently available under fractional ownership and eligible for the citizenship program. Ownership is priced from the mid US$400’s per 1/10 deeded share. Each share represents five weeks per year for personal use or as a rental. An annual rotation schedule ensures that each owner will enjoy high season weeks.
The Marina
Unlike the traditional leasehold models, Christophe Harbour has broken the mold, offering freehold title – a berth that you own in perpetuity. Berth purchases offer eligibility for St. Kitts citizenship, one of the oldest, most reputable citizenship programmes in the world.
3. Kittitian Hill
Set on a 160 hectare (400 acre) stunning hillside, Kittitian Hill is a sustainable 5-star luxury development. The development was designed to the highest specifications by the world’s famous resort architect Bill Bensley. Sedona Resorts will manage the entire resort community including the cottage hotel, the spa, and rental programs for the residences and town-homes.
$405,000 onwards
Villas at Kittitian Hill
The homesites at Kittitian Hill range from 0.49 acres to 1.20 acres. There are three different pre-designed villas to choose from that are available for whole or shared ownership. Custom homesites are also available under special negotiation with the developer, and homesites can be combined for larger building plots if desired.
Village Suites
The Village Suites are 52 single title condominium apartments situated in the Village, the heart of Kittitian Hill. The Village will house the town hall, conference centre, amphitheatre, cinema, resort pool, golf club, tennis, bars, restaurants and shops.
Village Apartments
The Village Apartments are an extension of The Village, with spectacular views of Irie Fields Golf Course, neighbouring islands St. Eustatius, Saba and St. Barths with dramatic Caribbean sunsets. Modelled on a traditional West Indian Village it houses bars, restaurants, shops, cinema, resort pool, Golf Club, tennis, amphitheatre and Market Place.
Consisting of 98 one bedroom studios the Village Apartments offer a choice of two designs. The Fountain Apartment features a king size bed, and the slightly larger Springfields Apartment hosts twin double beds. They occupy both ground and upper floors of the buildings, and have been positioned to benefit from a range of sea, golf and mountain views. At USD 405,000 the Village Apartments provide optimum returns for owners whether you choose the Investment or Lifestyle Option.
4. Koi Resort & Residences
Koi Resort & Residences will combine colonial and modern architecture to capture the appeal of rustic luxury. Guests will enjoy a unique opportunity to play, relax and unwind in an exotic resort with a spa and casino. Koi Resort & Residences features a variety of luxury villas and suites, all with have sweeping ocean views.
$400,000 onwards
Resort Studios and Suites
Multi-story Resort Studios and Suites will be built along the outer edges of the resort’s center pool.
The Resort Suites will feature a spacious bedroom, bathroom and powder room, ample living area, dining area and kitchenette.
Villas
The resort offers both beach and pool villas. Beach Villas are beachfront single-story units with two bedrooms that overlook the pool and ocean. Pool Villas are single-story two bedroom, two bathroom residences built right above the resort’s center pool.
The Penthouse
The Penthouse will feature three spacious bedrooms and bathrooms, including one master bedroom featuring a large soaking tub and walk-in closet. The Penthouse provides 2,827 ft2 of interior space, with a 436 ft2terrace.
