Caribbean MLSReal Estate

Crane Private Residence 5122, Barbados

Available on request

At The Crane Resort & Residences

Type
Apartment
Land
Available on request
Year built
Available on request
The brief

The reason to consider it.

Residence 5122 sits on the second floor of Building One at The Crane Private Residences, part of the completed first phase of a five-building community inside the 40-acre Crane Resort in St Philip. It is a two-bedroom, two-bathroom home of roughly 1,710 square feet as measured by the developer, sold fully furnished and move-in ready, with a balcony framing garden and resort views rather than open ocean frontage.

Ownership at The Crane is not a Barbados freehold. The developer states that ownership of The Crane Private Residences is a Right to Use held in trust by First National Trustee Company in the Isle of Man, running to the year 3000; the residence can be willed, transferred or sold at any time, and the trustee confirms no debt, prior ownership or lien attaches to it. For a US buyer that is an interest in a foreign trust and warrants advice on reporting before exchange. Owners pay a Community Fee and a Residence Fee, neither of which the developer publishes; ask for both in writing. Pets are not permitted anywhere on the estate.

Barbados runs no citizenship-by-investment program, so this is a residency and lifestyle purchase rather than a route to a passport. Some broker listings quote 1,882 square feet and an asking price of US$849,000 for this unit; both differ from the developer’s own published figures, which are the ones used here.

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