DEAL Pelican Key Villas Investment Property For Sale
Pelican Key For Sale

$950,000
Property Reference No: 349
Property type: Villas
Area (Sq Ft)
6910.43
Bedrooms
5
Bathrooms
4

Description

Pelican Key Villas For Sale

Located on the same property these two villas offer prime location with investment potential. Firstly I can’t believe the price! Two villas in Pelican Key for $950,000 is just incredible. A three-bedroom villa and a two-bedroom villa beautifully designed to offer oceans views while efficiently employing the entire property for maximum return. Interestingly you can build more bedrooms!

Price reduced from USD1,090,000.
And comes ready with rental income from one of the villas!
Key feature: Location and possibility of adding more rooms.
Reason for sale: Relocation.

Investment Property

You have two options here. The short-term option; buy both villas and ‘flip’ one of the villas for quick return on your investment. Always a nice idea when buying a package property.
Another option is to buy both villas, rent on short-term with Century21 for higher returns, and then sell on after 5 years for a higher price while having made considerable income.
We estimate your short-term income can be in the region of $7000 to $9000 per month.

The two villas, each on separate titles share an amazing Caribbean property in Pelican key Sint Maarten. These villas renovated about two years ago are spacious St Maarten villas that are situated in the very popular area of Pelican Key on the Dutch side of Caribbean island. The large fenced/gated and mature treed yard is very private and lush. Walk to beaches and all amenities.

Two St Maarten villas for the price of one! And you have the advantage of location as a means of generating short-term income as a vacation rental property. Huge income potential!

Pelican Key Villa #1

Two bedrooms plus a loft bedroom with the possibility of adding an additional bedroom below.

From Appraisal

The subject of the appraisal is three (3) bedroom, three (3) bathroom detached house situated on the southern part of the island of Sint Maarten in Pelican Key.

Infrastructure on the property includes:
Electricity, water, swimming pool and generator are available at the property. Assigned parking spot is paved with an easy access to the property.

The appraised property is a one-storey detached house. It consists of:

  • Three (3) bedrooms
  • Two (2) bathrooms
  • One (1) office
  • Open kitchen
  • Living room
  • Covered terrace
  • Swimming pool

The property was constructed in late 80s’ of the last century. The kitchen is fully furnished and it includes stainless steel appliances. There is a small washing/dryer area in the close vicinity to the entrance to the property. Sliding doors that are leading to covered terrace and swimming pool area are protected by hurricane shutters – accordion type. Each bedroom is equipped with AC unit (split type) and a ceiling fan. Each room has recently installed aluminum windows, protected by burglar bars and wooden interior doors with wooden frames.

Construction and Finishing
The appraised property was constructed in late 80s’ in the last century. All structural and separation walls are constructed of concrete blocks. The building was damaged by hurricane Irma in September 2017 and reconstruction was recently finalized. Wooden roof was reconstructed with new rafters, covered with plywood, waterproofing and zinc sheets.
Construction quality can be classified as good.
Floors inside the house are covered with ceramic tiles and at the covered terrace with wooden planks. Walls in all habitable rooms are plastered and painted and in the bathrooms tiled with ceramic tiles.

Pelican Key Villa #2

Two bedrooms and an office space as well as multiple sitting areas or living rooms. The high ceilings offer nice cool rooms and airflow.

From the Appraisal

The subject of the appraisal is two (2) bedroom, two (2) bathroom two-story detached house situated on the southern part of the island of Sint Maarten in Pelican Key.

Infrastructure present:
Electricity, water, and generator are available at the property. Assigned parking spot is paved with an easy access to the property.

The appraised property is a two-story detached house. It consists of following rooms at the ground floor:

  • One (1) bedroom
  • One (1) bathroom
  • Kitchen
  • Living room
  • Covered terrace
  • Front porch

And at the top floor:

  • One (1) bedroom
  • One (1) bathroom
  • Office space

At the entrance to the appraised dwelling there is an open front porch and a closet space dedicated for generator. The kitchen is fully furnished and it includes stainless steel appliances and wooden cabinets. Sliding doors that are leading to covered terrace are protected by hurricane shutters – accordion type. Each bedroom is equipped with AC unit (split type) and a ceiling fan. Each room has either aluminum fixed or wooden louver type windows, protected by burglar bars. Interior doors and frames are made of wood and the entrance door is made of aluminum.

Construction and Finishing
All structural and separation walls are constructed of concrete blocks. The building was damaged by hurricane Irma in September 2017 and reconstruction was recently finalized. Wooden roof was reconstructed with new rafters, covered with plywood, waterproofing and zinc sheets. Construction quality can be classified as good. Floors inside the house are covered with ceramic tiles. Walls in all bedrooms are plastered and painted and in the bathrooms tiled with ceramic tiles. There is steel spiral staircase leading to the top floor of the house.

Prime Oceanview

The views are great of the Caribbean sea and the setting feels like you are in the middle of a Caribbean tropical forest. The pool is situated so that it could be shared by both villas if required.

It is rare that one owner will sell 2 adjoining properties like this. And that makes this an interesting option for the smart investor.

These homes have been built and loved by the same owners since new. They are now waiting for someone to love them as much as they have been loved all these years.

Your Caribbean dream property is right here, just make the move!






Similar properties

X

Quick Message