Caribbean MLSReal Estate

Turn-Key Development Opportunity in Girard Cacao, Castries

Not published

The brief

The reason to consider it.

If you are a contractor, builder, or developer, this may be the perfect way to secure at least a year’s worth of work for your employees and contribute to providing affordable home and land packages to the majority of St. Lucians.

This development contains two ~5,000 sq. ft. lots ready to build on, plus an additional hectare of land with 12 more lots available for development. The concept is to build two-bedroom house & land packages to be sold, at around $300,000-$350,00 XCD ($110,000-130,000 USD).

Last confirmed

Type
Land
Land
119,996 ft²
Zoning
residential
Topography
hilltop

What people say about St. Lucia

Sources describe Saint Lucia as workable for foreign buyers, but not as a quick purchase.

  • Mixed Rent first, buy later
  • Mixed Buying costs vary by source (stamp duty 2% to 6%, total closing 2% to 5%, legal 2% to 4%)
  • Mixed Ongoing property tax: one guide says none, another says 0.25% a year
  • Mixed Foreign buyers need an Alien Landholding Licence and a local lawyer

Read what people say, based on 11 sources

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