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By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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Flourishing Caribbean Vacation Villa in Grenada

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Lance Aux Epines, 03 GND

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$1,850,000
6
6
11,554
sq. ft.
$160
per sq ft
Heated sq ft: 5,500 sq ft
Avg Nightly Rate: $945
Home Legally Sleeps: 11
Occupancy Rate: 36 weeks
Annual Gross Income : 203000
Annual Net Operating Income : 127000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach, Business Stay, Couples/Romance, Nature, Resort, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 1024

Property Description

5.5 bedroom beachfront villa for sale in Grenada situated in highly desirable Lance Aux Epines on the island’s most southerly tip. BEACHFRONT VILLA FOR SALE IN GRENADA This 5.5 bedroom beachfront villa is set along 150 feet of Caribbean beachfront in highly desirable Lance Aux Epines on the southernmost tip of Grenada. Nestled on over a quarter of an acre of grounds, the property enjoys beach access, cooling trade winds and spectacular 360-degree views of the Atlantic Ocean and the Caribbean Sea. In total the property delivers over 5,500 square feet of living space exuding understated elegance and authentic island style, making it the perfect place for complete relaxation and rejuvenation. The interior features a spacious formal dining room seating up to 14, inviting great room and a galley kitchen with concrete countertops and professional 6 burner gas stove. There are 5 large suites, each boasting varied views of the sea. Outside, there are expansive covered areas for relaxing, including multiple decks, verandas, pergolas and an elevated lookout, as well as 2 swimming pools, an outdoor Jacuzzi, and an outdoor BBQ area. INCOME-GENERATING OPPORTUNITY This villa would make an idyllic private vacation home as well as an income-generating investment opportunity. The property is a well established and profitable vacation rental business with a 10+ year track record, a fully operating website and a presence on other websites such as VRBO, Airbnb, Flipkey, TripAdvisor, and The Grenada Tourist Board. The sale will include all images, websites, marketing materials, guest contacts, etc. as well as a commitment to assist with orientation and training of the new business owners/managers, providing the buyer with a ready-made, income-generating opportunity. OTHER PROPERTY DETAILS The property is offered with fixtures, furniture and equipment (full inventory available) and comes equipped with air conditioning in the 5 suites, a 35,000 gallon cistern and on demand hot water with solar backup. IDEAL LOCATION IN LANCE AUX EPINES Located in prestigious Lance aux Epines on the most southerly tip of Grenada, this villa is just a 10 minute drive from Maurice Bishop Airport, Grand Anse Beach, and the island’s best shopping and dining. The location makes this villa the ideal base for all kinds of activities including snorkeling, scuba diving, whale and turtle watching, surfing, paddle boarding, kayaking, deep sea fishing and hiking.

Presented by:
Owner:
rick feld
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 1045
Low: 845
Peak: 1045
Special Event: 945
Avarage: 945.00
Furniture Age
11
Est Value of Furnishings
$200,000
Peak & High Seasons
January, February, March, April, May, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Yes
Reason for Selling
When we began our vacation villa business in 2012 it was our intention to build it for 8-10 years, and then sell.
Foreign national buyer restrictions from government?
Yes
Gross Annual Income
203000
Net Operating Income
127000
Stories
2
Additional Indoor Rooms
Family Room, Formal Dining Room, Living Room, Multiple Master Suites, Other
Appliances
Dryer, Electric appliances, Full stove, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Wall Unit A/C, Other
Floor Coverings
Concrete, Real Hardwood, Tile
Security
Yes
Security Description
Eufy Home Security System w/3 cameras, monitoring the perimeter of the villa.
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Energy Star appliances, Energy efficient lighting, Low flow faucets/toilets, Solar Panels, Tankless water heater
Year built
2008
Outdoor Features
Deck, Fenced/Gated Yard, Garden, Inground Pool, Porch - Not screened, Walk Out Balcony
View
Beach, Intercoastal, Mountain, Ocean
Backyard Exposure
Southwest
Lot Size
11,554 sq ft
Community Features
Bar, Concierge, Fitness Center, Marina, Not Located Inside Community, Ocean Access, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Other
Tax Amount/Year
$1,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Concierge, Fitness Center, Marina, Not Located Inside Community, Ocean Access, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
11
Onsite Parking
2 vehicles can park inside the walled area, 1 on our property outside the wall. Street parking is available.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$10.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
36
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner, Manager
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
1000.00 Monthly
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Private website, Existing database of guests, Professional photos, Professional video, Social media profiles, VRBO and/or Homeaway profile, Virtual Tour
Manager Cancellation Policy
Strict - variations between booking platforms - Airbnb/VRBO/TripAdvisor
 
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Credit Card Fee
$3.25
Cleaning Fee
$100.00
Licesnes & Permits (Annual)
$375.00
Advertising & Tech Costs (Annual)
$2,100.00
Yard & Pest Control (Annual)
$1,200.00
Pool & Spa Maintinence (Annual)
$2,220.00
Electricity (Annual)
$6,744.00
Water/Sewer (Annual)
$1,987.00
Cable/Interbet (Annual)
$1,236.00
Accounting Fee (Annual)
$150.00
Property Taxes (Annual)
$1,000.00
Homeowner's Insurance (Annual)
$4,222.00
Short Term Rental Insurance Rider (Annual)
$483.00
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$150.00
Additional Membership Fees (Annual)
$547.00
Acquisition
Purchase price
Closing costs
Home Inspection
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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