Walk barefoot to the iconic Simpson Bay Beach! Rated as one of the best beaches in St Maarten, this Simpson Bay condo is in a prime location perched on a limestone cliff right above the highly rated Simpson Bay beach.
This Simpson Bay condo is within a luxury condo development made artfully by St Maarten’s best developer in real estate, an ‘artist’ who has developed the infamous Simpson Bay Yacht Club, Monte Vista and Las Brisas to name a few! Her signature design is modern, minimalist and above all; quality! In fact, her motto is ‘Creating Experiences’; precisely what she has accomplished at this Simpson Bay condo. Completed in 2016, this Simpson Bay condo development was instantly sold out due to its prime location and in big part due to Miti Katz reputation in St Maarten.
Lifestyle: Eat. Beach. Sleep. Repeat.
This Simpson Bay condo, built over one level, is accessed via the ground floor and accompanies a private tropical garden giving you with one of the largest condos in the development. Over 216 square meters of interior living space with three generous sized bedrooms and an awe-inspiring living space designed for light and space. A covered terrace and tropical gardens offer an outside space that you will cherish with family and friends.
I have sold many condos in St Maarten, but when Miti Katz builds them, I know that it is going to huge! This doesn’t disappoint. On the ground floor, we have a large living area, kitchen, dining and garden while upstairs we have all three bedrooms and two bathrooms. Every bedroom is large enough to accommodate a king-size bed. In fact, the two standard bedrooms contain a king bed plus a sofa and yet there is plenty of room to wake up and yoga! I love this condo!
Best feature: Large rooftop terrace with unobstructed views of Simpson Bay Beach and around. The view is just magnificent. Words cannot describe the concoction of beach, turqouise waters, green mountains, blue lagoons and mega yachts all coming together to create a window of art, unique to you.
There are two advantages the rooftop terrace like this offers; its a great way to impress friends and more importantly standout from other rental properties. Money earned is money saved!
Additionally this Simpson Bay penthouse comes with 477 square feet of the covered terrace, from which you will enjoy endless nights with friends and Dom Perignon. luxury Simpson Bay condo offers endless turquoise views with a rare view of St Maarten’s mountains as the backdrop to this magnificent natural canvas.
We wouldn’t advise it but jumping over the magnificent beachfront terrace will put you right into the warm waters of Simpson Bay! For a more conservative approach, you can walk to the beach from door to sand in two minutes. Along the common wall of the property, you have a staircase leading down directly onto Simpson Bay Beach.
Alternatively you can also walk along the tarmac road to access the beach via El Zafiro Beach Restaurant which is just three minutes walk away.
Once you are on the beach you have access to Karakter Beach Bar and Mary’s Boon Beach Resort within a ten-minute walk on the white soft sands of Simpson Bay. The warm waters on this beach are unique in that there is hardly ever a seaweed problem unlike other beaches on the east coast of St Maarten. Now you know why there isn’t a pool!
In this upscale neighbourhood of Beacon Hill everything is within a short reach! Walk to your supermarkets, health and beauty salons, shopping, casinos and local beach bars. Enjoy a stroll on the infamous beach that we have been raving about and Maho; one of St Maarten’s nightlife epicentres is just 10mins walk away from your door!
Sunset Beach Bar located at the entrance of Beacon Hill, is at the centre of major redevelopment with a new 4-star resort called Morgan opening shortly, which will enhance the property prices due to the x-factor entertainment it brings to the location. Sand Bar Beach Restaurant has already opened near Sunset Beach Bar bringing this Simpson Bay condo in a location that is going to be hugely popular in coming years!
Your investment is secure!
Five minutes from Princess Juliana International Airport and is conveniently located, just moments away, to other white sand beaches (Maho Beach, Mullet Bay, Cupecoy Beach, Long Bay), watersports, French bakeries, banks, drug stores, grocery stores, gyms, hairdressing salons, ice-cream parlours, massage centres, theatres, restaurants/bars, duty-free shopping, casinos and night entertainment.
The condo association fees are $1000 per month and include external building insurance, which is critical for a beachfront condo of this scale. Even with the natural protection of the cliffs, any beachfront condo will have to pay a premium for insurance.
The association fees also include maintenance of common areas, security and cleaning of this upscale beachfront community on Simpson Bay beach.
I did some research from our files. When you compare the price of this Simpson Bay condo to other beachfront condo’s you begin to realise this property is perfect for investors looking for a quick return. A modern beachfront condo in Cupecoy is on sale for $1,200,000! Isn’t this an absolute bargain for a new modern development!!
For a property this size even the price per square meter is phenomenal, giving you so much space for very little money. Remember that everything you see in this condo is detailed with luxury in mind.
I have a rental analysis for a property in the same Simpson Bay condo development and that condo was rented out for a total of 30 weeks in 2019 with varying daily rates from $450 to $950 per night depending on the time of the year. The gross income generated in this period was close to $105,000. There is a very loyal group of regulars who prefer to stay in this particular location due to unique views this Simpson Bay condo offers.
This larger condo should easily generate an income which is more than or close to $100,000 every year, with the bulk of income coming in during December months. Rent for a number of years and resell at a profit!
As another example, this Simpson Bay beachfront condo rents for $350 per night on off-season rates!
Beachfront real estate always appreciates.
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Capital Gains Tax