Heritage 14000m2 Cupecoy Development Land For Sale

$6,500,000

$6,500,000

b

Sale

Property ID: A999
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    Cupecoy Development Land For Condos

    Premium development land in Cupecoy on site of a famous resort with international credibility.
    An iconic history with heritage.
    St Maarten’s greatest!

    July 2022: Available now.
    Price reduced for quick sale.
    Call Ritika on +17215261819.

    14000 square meters of flat Cupecoy development land with the possibility to build 60 townhomes, 120 room hotel or 130 upscale residences.

    We have new plans for three residential towers including an amenities centre housing vacation rental studios. The drawings are a look into the future of Sint Maarten. Modern, upscale with a focus on panoramic views.

    The location has an ‘x-factor’. The views are panoramic encompassing the mountains of St Maarten and unique to this particular cliffside location. Once you are in the estate, its another world.

    Cupecoy Development Land

    • 3.5 acres or 150694 square feet or 14000 square meters of land.
    • With waterfront access to build a small boat dock.
    • Unique to this location: lagoon, ocean and mountain views.
    • Can accommodate up to 130 residences. Depending on your plans, maybe more.
    • There has already been talk of a 120 room hotel in this location.
    • 1 minute walk to the waterfront.
    • 10 minutes to famous Mullet Beach or Cupecoy Beach
    • Restaurants, school, golf course and casino nearby.

    Whats Around:

    • You share a wall with the American Medical School near the lagoon
    • On the other side is the Canadian International Academy
    • Just near the entrance you have Campus Village, 55 budget apartments for university students.
    • The access road is shared with residents who live on the edge of the property.
    • Down the cliff you have luxury waterfront villas, each for a cool $1,000,000.

    Adjacent Fixer Upper Villa

    The cliffside villa is also available to buy via another owner, however it is available for an additional $1,000,000.

    Previously the land was occupied by the iconic award-winning Summit Hotel. Now closed, the land has been cleared of all debris and structures, providing you with a blank canvas.

    Developer Vision:

    The land is subdivided into multiple lots, each housing its own unique 3000 square feet three-bedroom luxury townhouse with private parking.
    If you use the existing layouts, you will end up with very spacious townhomes. See images for old structures.

    Market Comparable:

    • Cupecoy is considered an upscale community.
    • A 2 bedroom condominium with ocean view sells for $575,000
    • A 3 bedroom condominium with ocean view sells for $700,000
    • A 3 bedroom townhouse with ocean and lagoon views would sell for $1,100,000 at least.
    • Villas are rare in this location due to the high cost of land.
    • Mullet14 a new luxury condominium complex currently under construction (and 80% sold out) sells its condominiums at USD3000 per square meter.

    Property Features

    • Lagoon Views
    • Mountain views
    • Ocean view

    Buying or Renting Property in St Maarten

    Buying or renting real estate in St Maarten is safer with Century21.

    St Maarten

    • 0% Property Tax.
    • 0% Capital Gains Tax.
    • 4% Property Transfer Tax and 1.5% Notary fees.
    • 2 months Security Deposit for rentals.
    • As a buyer or tenant our service to you is complimentary!
    • We are available 24/7 and we speak 9 languages.

    FINANCE CALCULATOR

    Accurately providing a finance calculaton for your mortgage, owner or partial finance calculation.
    Yes we can help you get a bank finance deal!
    Contact us for a quicker decision from the banks!

    Transfer Tax

    4%

    Property Tax

    0%

    Capital Gains Tax

    0%

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    Ritika Nanwani

    Owner / Head Broker

    +17215261819 ritika@c21sxm.com

    Ritika Nanwani will call you as soon as possible

    No obligation phone call. Think of me as a friend in paradise!



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