SG112: Laluna Estate, Luxury Villas, Morne Rouge
Price on Request
Property type: Luxury Homes
A once in a lifetime opportunity currently exists to purchase a residence in an unparalleled piece of paradise on the island of Grenada in the Caribbean. Located on the dramatic coastline of Morne Rouge, conveniently located just 10 minutes from both the capital St Georges’ and the Maurice Bishop International Airport, Laluna Estate is a very private and exclusive villa development nestled on 25 acres of prime waterfront land The first phase of the development consists of seven four and five bedroom villas, all uniquely designed, with each land lot of approx. 30,000 sq. ft. What is special about this project is the unique opportunity to join an exclusive residence club with the resort services of Laluna. Laluna Resort opened ten years ago with 16 suites, an Italian restaurant, an Asian Spa and a beach front yoga pavilion, and immediately established itself as the premiere boutique resort on the island attracting jet set clientele from all over the world. Villa owners can benefit of a management contract with Laluna and rent their villas while not using it. Buyers sign a management contract with Laluna, where the villa is rented by Laluna Resort and the rental fee split by the owner (70%) and Laluna (30%). Buyers of the Villas are acquiring the full ownership of the land. General Expenses are estimated at approximately US$1,000 per month per each villa owner and they include: Gas, TV-cable, gardening, security for each villa and maintenance and general expenses for common areas as water tank, security booth, water sports, road, lights, garbage disposal, etc.
Total sq ft
Payment: 20% on contract execution; 20% on Construction start; 20% on Completion of Residence floor slab; 20% on Completion of building roof; 20% at closing.