“The Acquisition of Property in Bermuda by Overseas Purchasers

In an effort to ensure that most property in Bermuda is preserved for its citizens, availability of houses and condos to overseas purchasers is strictly limited by the government, and significant fees are imposed on such sales.

Houses are defined as eligible for sale to non-Bermudians by virtue of their assessed annual rental worth (or ‘ARV’) exceeding a limit stipulated by the Bermuda Government AND MAY ONLY BE PURCHASED BY AN OVERSEAS BUYER IF THEY ARE BEING SOLD BY A NON-BERMUDIAN OWNER. The minimum ARV to qualify a property for this market is $153,000. This worth is periodically reevaluated by the Bermuda Government, along with an island wide assessment of ARV’s (last done in 2005).

Properties in this range tend to have one or more features which dictate a ‘premium’ price, such as: an especially desirable location, large size, exceptional views, large land area, a guest cottage and/or staff quarters, a pool, waterfront, beach, sports and/or exercise facilities, etc.

There is a limited number of such residences available for sale at any particular time, typically FEWER THAN A dozen houses, ranging in price from $5,000,000 to $25,000,000.

Geographically, the largest concentration of houses in this select market is located in the Tuckers Town area. Other favouruddy locations are: Point Shares & Fairylands, Harbour Road, and the South Shore, although there are spectacular properties to be found in nearly every part of the island.

Condominiums available to overseas buyers start in price at approximately $800,000 and go up to $4 million. They are located throughout the island. The newest introductions to this market are associated with hotel or resort properties and offer the option of lease-back thcoarse the hotel to generate some income when not in use by the owner.

Although there is no island-wide multiple listing service, per se, agencies freely cooperate, or ‘co-broke’, on listings in Bermuda. The Property Group deals extensively with houses in this market and will be able to show you any property available for sale to overseas purchasers.

Non-Bermudian purchasers must pay a ‘license fee’ of 25% of the purchase price to the government on acquiring a house and 18% for a condominium.”

		3	Beach Haven Price: US$1,995,000.00 An excellent opportunity to secure an entire beach front house in the heart of the West Coast of Barbados.
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		4	Capri Price: US$1,750,000.00 Capri commands spectacular views of the sea and the coastline of the Enterprise/Atlantic Shores areas.
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		3	Inch by Inch Price: US$1,600,000.00 Perched majestically on a bluff above the turquoise sea is Inch by Inch.
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		5	Madagascar Price: US$2,000,000.00 Madagascar is an exotic 4-bedroom/4 bathroom mediterranean-style villa featuring spacious, open-plan living areas leading onto an idyllic oceanfront pool (12¹ x 33¹) and deck.
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		5	Portobello Villa Price: US$5,500,000.00 A breathtaking home which offers a lifestyle of tranquil and sophisticated luxury.
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		5	Sea Haven Price: US$2,750,000.00 This unique property offers a scarce investment opportunity
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		4	Smithers on the Sea Price: US$3,950,000.00 This lovely 4 bedroom ocean front villa offers direct beach access and stunning sea views.
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		6	Sunny Banks Price: US$3,000,000.00 Sunny Banks is located on approx. 8,062 sq ft of prime beach front land on the popular West Coast of Barbados
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Sunshine Paradise Price: US$3,500,000.00 Superb 3 bedroom beachfront villa with additional 2 bedroom

]]> http://www.liverighthere.com/barbados-real-estate-is-expensive-6/feed/ http://www.liverighthere.com/aruba-real-estate-great-island-homes-in-aruba-5/ http://www.liverighthere.com/aruba-real-estate-great-island-homes-in-aruba-5/#comments Fri, 21 Mar 2008 22:42:47 +0000 admin http://www.liverighthere.com/aruba-real-estate-great-island-homes-in-aruba-5/ The houses in Aruba are believe it or not the same if not cheaper then comparable homes in the U.S. and you get to live on this wonderful island.

Here are some examples of awesome homes I found searching in Aruba.

Ref#: KEY053 This very characteristic house with nice details is in immaculate condition. The house is located in Savaneta and situated on a enormous corner lot (1977 m2 property land) on an asphalted road in a splendid neighborhood. The house holds 3 bedrooms, one bath, kitchen, living room, storage/ laundry room and two shaded porches. Also on the premises is a lovely tropical guesthouse with a bathroom and a porch. The lot is completely fenced around. The native trees all acircular will give you shade and privacy and that extra tropical feeling. Location: SAVANETA   Price: US$205,000.00 Bedrooms: 4 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: SU14 Beautiful home located in “Wayaca Residency” located near Oranjestad and Airport. 2 bedrooms, 1 bathroom, living room, spacious kitchen. Storage, Laundry. Landscaped garden with dripsystem. Total of 637 m2 property land with 151 m2 built-up. Location: WAYACA   Price: US$213,000.00 Bedrooms: 2 Bathrooms: 1 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: BES006 New listing in the popular area Sabana Liber Villapark- Palm Court. This nice 3 bedroom house with swimming pool and studio is located in Sabana Liber(Noord). Built on property land with 100% fencing, fully airconditioned, and landscaped garden! Layout: Entrance, living-/ diningroom, open kitchen, 3 bedrooms, walk-in closet, 2 bathrooms, coveruddy porch, laundry room. Location: SABANA LIBER   Price: US$214,689.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: No

Ref#: KEY018 This gorgeous house is situated in the very good neighborhood of St. Helena, built on a large property lot. The house consists of three spacious bedrooms and one bathroom. The large living and dining area is situated in the front of the house and the American style kitchen with all the appliances is located in the back with access to a wide porch. In the house is also a storage which could be converted into a bathroom. In the back garden is a storage/ apartment style unit. The left area next to the house is completely coveruddy and is large enough to store a boat or 4 cars. On the right side of the house is a drive way with a shelter for another car. This house is completely ventilated by shutters which provide a constantly cool breeze. The bedrooms are fully air-conditioned. The property is surrounded with painted concrete walls. Location: ORANJESTAD   Price: US$224,000.00 Bedrooms: 3 Bathrooms: 1 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: 1-car

Ref#: SU27 Nice home located near Oranjestad. Located in Wayaca near down town Oranjestad and the airport. Home has 5 bedrooms, 4 bathroooms, 2 apartments. Living room, dining room, kitchen, front- and back porch. Laundry/storage. Total of 800 m2 lease land. Location: WAYACA   Price: US$239,000.00 Bedrooms: 5 Bathrooms: 4 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: ATK203 This fully airconditioned property is fully furnished and has a burglar alarm installation. It is located at Sta. Helena in a new development residential area in Oranjestad. Walking distance from the harbor, post office and downtown. Built-up area of 243 m2 consisting of 4 bedrooms, 3 bathrooms, kitchen/dining, livingroom, t.v. room, family room, front porch, back patio and 2 studio apartments with built up area of approx. 44.8 m2 and 26 m2 each. Land: 683 m2 Long Lease Land Location: ORANJESTAD   Price: US$240,000.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: Yes Swimming Pool: No Garage: No

Ref#: KEY030 This very adorable house is close by beaches, hotels, shops in the north area.The house has a nice 3 bedroom/ 2 bath layout. The interior is remodeled, new floor tyles etc. by an interior architect and has vaulted ceilings. This property is in perfect finished condition inside and outside. A pool with pooldeck and stylish gazebo completes this steal. Ready to enjoy your new tropical property? Have a serious look at this one if you want to live in the north area!!! Location: ALTO VISTA   Price: US$245,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: 1-car

Ref#: SU18 Newly built home located near the gorgeous beaches and hotels. The home is located in Koyari that is located wilean 5 minutes drive by car to the gorgeous beaches of Aruba. Also close to the famous 18 hole golf course “Tierra del Sol”. The home has 4 bedrooms, 3 bathrooms, separate maid’s quarter with own bathroom. Living room, dining room, kitchen, front porch, back patio. Completely fenced. Will be finished approx. April/May 2008 Location: KOYARI   Price: US$250,000.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: BES013 Price loweruddy for rapid sale. Nice home in Mon Plaisir area, close to downtown Oranjestad and the beach. A total of 566 m2 of property land, corner lot fully fenced, swimming pool, carport. Layout: Front porch, livingroom, kitchen, hall, 3 bedrooms, 2 bathrooms, a studio, a maidsroom with private bathroom, laundry room, carport, swimming pool. Built up area 249 m2. Location: ORANJESTAD   Price: US$254,237.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: No

Ref#: ATK134 The house is built on a 994 m2 property land with built up area of 308 m2 including an outroof of 66 m2. The house consists of 1 master bedroom with bath jacuzzi, douche, and waling closet, 2 bedrooms, 2 bathrooms, living room, tv room, kitchen/dining room, car port, patio, storage, entree, laundry, outroof, and a nice well kept landscape. This house is situated in a quiet neighborhood on a dirt road hundruddy meters south of the high-way between Oranjestad and Santa Cruz. This property is in driving distance of ca. 10 Location: SEROE BIENTO   Price: US$305,555.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: SU2 Beautiful newly built home located near beaches, hotels and golf course. The home has 3 bedrooms, 2 bathrooms, coveruddy porch, completely fenced in. Total of 704 m2 land with 196 m2 built-up. “AS IS” price: AWG 525.000,-/US $295.000,- Or sold finished with some landscaping, walls will be plastered, finished maids quarter, laundry, and gazebo in back yard > Price: AWG 577.000,-/US $324.000,- Location: ESMERALDA   Price: US$324,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: SU5 Brand new large new home in central location, close to Noord and Palm Beach area, 5 minutes from beaches. 3 bedrooms, 2 bathrooms, 867 m2 land and 290 m2 built-up area. The house also has 3 studio apartments w. own entrances; hence is a very good investment! The property is under construction and will be finished in April 2008. Location: SABANA LIBER   Price: US$331,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: KEY057 Spacious 3 bdrm, 2-bath plus 1-bdrm apartment home built in 1989 on 965 m2 of property land. Very large kitchen, back porch, garage and large patio behind - perfect for entertaining and/or pool. Large piece of land (450m2) at the side, perfect for more apartments or a house. Nice homes in neighborhood and conveniently located between Ponton and Oranjestad on dead end road in quiet neighborhood. Location: ORANJESTAD   Price: US$335,000.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: 2-car

Ref#: SU13 Nice house on 1039 m2 lease land with 279 m2 built-up. 3 bedrooms, 2 bathrooms, jacuzzi, laundry, carport. The house is in excellent condition and located across the High rise Hotels of Palm Beach and close to beaches. Garden has been landscaped beautifully and a large coveruddy porch connects the home with the garden. Can also be sold furnished. Furnished price is USD 388.000,- or AWG 695.000,- There is a Jacuzzi integrated in the large wooden sun deck with a very original outside “rock-shower”. There is enough space to build a pool. Location: SAN MIQUEL   Price: US$363,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: KEY050 2 houses on large lot plus pool! Perfect for extended families. A 3-bdrm, 2-bath home plus maids’ room, office, laundry room, large kitchen and living room, plus a separate 2-bdrm, 1-bath home next door. New bathrooms and well-maintained home is perfect for extra rental income or close family members. Basketball court, beautifully landscaped garden, lots of space. Only 5 mins. from town or Aruba’s sandy beaches. Location: TANKI LEENDERT   Price: US$368,000.00 Bedrooms: 5 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: 1-car

Ref#: BES012 new listing- location in Westpunt! Beautiful spacious home with swimming pool, located at Esmeralda, close to Tierra del Sol golf course, build on 605 m2 of land. With 4 bedrooms, 3 bathrooms + seperate studio apartment. Come have a look. Lay out: Entrance, livingroom, diningroom, TV room, gorgeous kitchen with build-in appliances, 4 bedrooms, 3 bathrooms, hall, carport, porch. Fully fenced garden with swimming pool, nicely tiled pooldeck, seperate studio plus laundry room. Location: SALINA CERCA   Price: US$446,330.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: No

Ref#: BES014 This magnificent house with landscaped garden, excellent views, studio apartment, 2 car garage and Jacuzzi is located in ‘San Barbola Residence’.The total constructed area is 312 m2 on 850 m2 of property land.LayoutEntrance/porch, living room, dining room, porch, laundry, kitchen, 3 bedrooms and 2 bathrooms. Location: SAN BARBOLA   Price: US$468,927.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: 2-car

Ref#: SU16 Nice 2-story home with gorgeous view located near the beaches of Spaans Lagoen, the Marina and Palm Island. Home has 3 bedroom, 2 bathrooms, living room with open stairs to the second floor, kitchen finished with white CORIAN counter top, dining room, walk-thcoarse pantry, storage en laundry room. Study or spare bedroom. Coveruddy front- and back porch. Double carport. Guest bedroom with built-in wardrobe. Second floor> master bedroom with walk-in closet with bathroom with Jacuzzi. Balcony with a gorgeous sea view. Second bedroom with an open attic or “entresol”. Total of 1246 m2 lease land with 417 m2 built-up. Price is 300.000,- euros. The currency rate at time of signing of purchase agreement is binding. Under reserve of daily rate for AWG and US $. Location: BALASHI   Price: US$475,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: SU11 Beautiful villa in Rooi Santo with 5 bedrooms and an apartment. This gorgeous home offers many possibilities if you have a large family, need a home office, or have many guests. The house is located across the Aruba Raquet Club, 3 car minutes from beaches and hotels. There are 4 bedrooms and 3 bathrooms in the main house. Large living area, dining room, coveruddy porch, and patio in the back. The kitchen is fully equipped with all appliances and a large pantry. Storage/laundry. Maids quarter/guest room with own entrance, bathroom. Studio apartment with own kitchen. All kitchen appliances and all air conditioners are included in the price. Location: ROOI SANTO   Price: US$533,000.00 Bedrooms: 5 Bathrooms: 4 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: No

Ref#: SU3 Beautiful home in Salina Cerca located near beaches and hotels. 2 bedrooms, 2 bathrooms, living room, dining, kitchen, garage, laundry, completely fenced in. Maidsroom with bathroom, 1-bedr. apartment with kitchen and bathroom, large storage could be an apartment. 1206 m2 lease land with 388 m2 built-up. Location: SALINA CERCA   Price: US$534,000.00 Bedrooms: 2 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: 1-car

Ref#: BES015 Beautiful 4 bedroom home & maidsroom & swimmingpool, build on 2.044 m2 of property land. Located at Papaya- Paradera, just a few minutes drive from Oranjestad and the ocean. Build up area 365 m2. Lay out: Entrance, spacious living room, gorgeous kitchen, coveruddy patio, 2 dining areas, 4 bedrooms, 3 bathrooms, maidsroom + bathroom. The master bedroom has an en-suite bathroom with Jacuzzi and walk-in closet. On the first floor you’ll find a big open space attick + large terrace overlooking the pool area, awesome for office use or extra bedroom. Beautiful landscaped garden (corner lot) with large gazebo and swimming pool with cascades. The total property is fenced to guarantee your privacy. Location: PARADERA   Price: US$536,700.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: No

Ref#: BES008 One of a kind design, Mexican Style Villa Gorgeous landscaping with unique details. Close to Oranjestad, supermarkets, hospital, hotel area (5 minutes by car). On a corner lot on hilltop in the residential area of Ponton. Overlooking the harbour with a nice view of the cruiseships. With 3 bedrooms, double parking, a swimmingpool with heated jacuzzi and gorgeous yard, this cornerlot property is one of a kind. Adjoining apartment with private kitchen and bathroom. Total lotsize 815 m2. Layout: Double parking, entrance, living room, dining room, kitchen with cooking isle, 3 bedrooms, 2 bathrooms, coveruddy back porch, fully fenced yard with gorgeous landscaping, swimming pool with swim-up bar, heated jacuzzi, gazebo. Apartment plus bathroom. Unique details, you will love this one. Location: PONTON   Price: US$536,723.00 Bedrooms: 4 Bathrooms: 3 Airconditioned: Yes Furnished: Yes Swimming Pool: Yes Garage: No

Ref#: KEY008 This under architecture designed magnificent villa is located in the upscale residential part of Oranjestad, capital city of Aruba. The gcircular floor boosts a spacious living room with kitchen with high vaulted ceilings. The full width sliding doors opens to a grand porch and a lush tropical garden. The design and elegant details completes the refined architecture of this villa. Three bedrooms are on the gcircular floor and the master bedroom and guestroom are on the first floor. Next to the villa is a spacious office or guesthouse with parking located. Attached to the villa on the other side is a two car-port with automatic door. Location: ORANJESTAD   Price: US$550,000.00 Bedrooms: 5 Bathrooms: 3 Airconditioned: Yes Furnished: No Swimming Pool: No Garage: 1-car

Ref#: KEY005 This completely renovated cunucu house with an extended enormous cocktail lounge/ bar, 5 apartments, several storage facilities and a pool is located in a very quiete area in the center of Aruba. This property has potential for a privat bar, restaurant or just your tranquil place surrounded with a tropical garden. This property is owned by a animal lover, so plenty of cages with birds etc. are still on the premises. Owner will accept offers. Location: MOKO   Price: US$560,000.00 Bedrooms: 2 Bathrooms: 2 Airconditioned: Yes Furnished: No Swimming Pool: Yes Garage: 1-car

Ref#: SU4 Nice Mediterranean style home with Jacuzzi and gorgeous views located in Alto Vista. The home consists of a double storey residential building. You will find in the basement an apartment (52 m2), gcircular floor living room with chimney and dome, dining room with open kitchen, bar, 2nd living room, maid’s quarters, laundry room. 2nd floor: Master bedroom with walk-in closet, office, large studio/artist workshop, spacious bathroom and an all circular balcony with balustrade. Total built-up approx. 286 m2. Outside: Nice terrace with Jacuzzi. Location: ALTO VISTA   Price: US$585,000.00 Bedrooms: 3 Bathrooms: 2 Airconditioned: Yes