Luxury Villa for Sale in St. Martin

Luxury Villa in Sint Maarten ... Deal of the Century

5000 sq ft villa on the carribean island of sint maarten. House is currently undergoing complete and total renovation and is, roughly 75 % complete. Is completely functional, livable and occupied now. Needs significant cosmetic work and interior work of, approximately $100,000, more or less. Appraisal before any renovation was 1.1 M and value after, 1.5 M . Spectacular location and views. There is no possible way to describe what this villa will be when complete. The living room alone is roughly 1500 sq ft overlooking the ocean, deck and pool ( when completed). Having said that, the owner is retired and wants to move on and offers the property such that the new owner can complete the work in the manner that suits them which would include new kitchen and updated bathrooms. In that way the new owner configures the property in exactly the manner that they prefer rather then be stuck with a kitchen and baths that they might not have picked themselves.

Work continues daily and as completion draws nearer then, the pricing may change significantly. Detailed pictures and descriptions are available to qualified interested parties. The owner will consider contact from brokers but will not list exclusively nor will he pay commissions. Any broker with a client who arranges a sale must collect their commision from the buyer.

Other benefits include the fact that the island has no real estate taxes nor income tax for foreign owners. As such, the property owner pays no fees or taxes at all and their monthly expenses are their utility costs alone. There are significant real estate transfer fees but in this case, the property is held in an offshore corporation and, as such, can be transfered with no closing costs... a savings of roughly $ 50,000 In effect, you can write a check for the purchase price and move in the same day and never pay anyone anything again.

owner financing is possible with 50 % down and the balance due over 10 years at 10 %.

Respondents to this listing will be communicating directly with the property owner and as such please limit inquiries to those from individuals with genuine interest and financing ready and in place. Tire kickers and scammers will be ignored. Be honest and direct in your contact and receieve the same in return. This is a brilliant opportunity for someone with some skills to get into a property that, under other circumstances, might have been out of reach.