Caribbean MLSReal Estate

5 Acres of Development Land for Sale, Palmetto Bay, St Kitts

Available on request

Type
Land
Land
2,419,393 ft²
Zoning
residential
Subdivision approved
Yes
Permitted uses
Single family, Condo development

What this listing includes

  • Ocean view
  • Restaurant or bar
  • On-site security
  • Gated community
The brief

The reason to consider it.

This 5.16-acre parcel of land is situated in Palmetto Bay, St Kitts, offering unobstructed views of the Caribbean Sea and the neighboring island of Nevis. It has received approval for a Citizenship by Investment condo development.

The property is conveniently located near Trinity, the international airport, and the capital Basseterre on the southern coast of St Kitts.

Approved Citizenship by Investment Project
The proposed resort has been designated an “Approved Project” under the St Kitts & Nevis Citizenship by Investment Program. The St Kitts Government and Development Control & Planning Board have fully approved development plans for a high-end condo resort. These approved plans encompass 150 one-bedroom condos, a pool with an optional clubhouse, a commercial center with a restaurant, bar, and shop, an administrative office, and storage/support facilities.

Government Concessions
A range of concessions have been negotiated with the government of St Kitts & Nevis, and infrastructure and working design plans have been produced, which may be made available.

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law