Bois Rouge Villa Marigot Bay, St Lucia, St Lucia

SOLD

Details
Location
All Photos
Plans
Guide

Property Details

SOLD
4 Bedrooms
3 Bathrooms
0.36 Acres
4500 Sq Ft
Large Private Swimming Pool
Hillside
Hardwood flooring throughout
AC & Ceilling Fans
Tiled Floors in all bathrooms
Garden
Online Viewing By Request
Parking

Outstanding Marigot Bay Views

This villa has possible the best views over Marigot Bay on the island. Set amongst lush tropical gardens this plantation style villa was constructed in 2006 from redwood.

The pool deck area has been refurbished in 2015 to a beautiful light finish

With new railing in light fine finish - great for family safety and gorgeous new sandstone style slab finish around the pool. ( please note that these are not show in the video.

4 Large Bedrooms & 3 Bathrooms

There are 4 spacious well proportioned bedrooms, one on the lower level with a bathroom and the master bedroom and 2 double bedrooms on the upper floor. The 2 double bedrooms share a bathroom and all have AC, overhead fans and bay views.

Private Swimming Pool

This lovely villa faces the bay and the swimming pool set in front of the verandah is surrounded by sun deck and glorious views.

Hardwood Flooring Throughout

The property, just 9 years old has been well maintained and has hardwood flooring throughout. All the 3 bathrooms have tiled floors, walls and modern fittings.

Ground Floor:

Open plan living and dining room with four sets of double doors leading onto the terrace with steps down to the pool.Open plan kitchen with gas hob, electric oven, dishwasher, double sink and fridge. Walk-in pantry.Separate utility room with washing machine and a large fridge/freezer with ice maker. Door opening onto terrace.House entrance to garage. Guest Cloakroom. Twin bedroom with ensuite w.c., w.b. and shower.

First Floor:

Large master suite with doors opening onto the balcony, which overlooks the bay. Study/dressing area and walk-in closet. Ensuite bathroom with bath, separate shower, w.c. & twin w.b's.Further two double bedrooms, double doors opening onto balcony, which share a bathroom with a bath and overhead shower, twin w.b.'s and w.c.

All bedrooms have a/c and overhead fans
Hardwood floor throughout
All bathrooms have tiled floors
Property fully fenced with electronic gates
Alarmed
Lock up garage
Land 15,700 sq. ft
House 4,500 sq. ft. incl. terraces.

Discovery Resort

The resort at nearby in Marigot Bay, is now under sparkling new management of the Ultra Luxury Capella Hotels Brand and was relaunched in 2014 this has a 5 star yacht marina.

Master Bedroom with Large Shower & Jacuzzi Bath

This sunny spacious king size bedroom has a seating area and dressing area, full bathroom with his and hers sinks a shower and jacuzzi bath.

Modern Fitted Kitchen with Granite Worktops

The kitchen is cool, light and well designed with flowing units with a granite worktop and lots of storage and workspace. There is a gas hob, electric oven dishwasher, useful double sink, fridge and a walk-in pantry.

Separate utility room with washing machine and a large fridge/freezer with ice maker.Door opening onto terrace.

Fenced Grounds with Electronic Gates

The gardens are filled with mature palms which offer shade and privacy and open out onto spectacular views. The entire grounds, about 1/3 acre are fenced and have electronic gates at the entrance for added security.

Spacious Verandah with French Windows to the Living Space

The delightful verandah stretches out across the front of Bois Rouge Villa and offers views over the pool and down to the bay beneath. There are 4 sets of french windows which allow access through from the living spaces out to the verandah.

Location

Villa Location

St Lucia >
St Lucia >
Marigot Bay

Marigot Bay

Marigot Bay is located on the western coast of the Caribbean island of Saint Lucia, 3.75 miles southwest from the Castries close to the Saint Lucian National Marine Reserve. The bay is a historic landmark, having been the site of a number of battles between the French and British navies. Surrounded on three sides by steep, forested hills. The inland portion of the bay forms a hurricane hole, used to shelter boats from hurricanes. The popular film location destination and described by the American novelist, James A. Michener as the "The most beautiful bay in the Caribbean."

All Photos

Plans

Buyer's Guide

Buying a property in St.Lucia where there is a tax haven with no VAT, no capital gains tax, no inheritance tax and no estate tax makes a great deal of sense. St.Lucia is one of the worlds top destinations for weddings and honeymoons making a holiday rental property potentially lucrative. St.Lucia has really embraced the worldwide taste for health spas with the first St.Lucia Health & Wellness Retreat, supported by the government and private businesses, being established and opening soon on the island. Being one of the most accessible islands in the region with the lowest crime rate St.Lucias affordable properties offer an ideal opportunity for investment. Comparable in many ways to neighbouring Barbados but with house prices ranging from 40-60% lower this beautiful island should not be overlooked as an investment opportunity.

With a total land area of just 620 sq miles St.Lucia, often called "The Helen of the West Indies" because of its natural beauty, sits in the ocean like a shimmering jewel. Pristine white sandy beaches, tropical forest populated by rainbow-plumed birds and acres of orchards filled with sweet smelling tropical fruits such as mango, papaya and banana are crowned by the islands twin peaks the Gros & Petit Pitons.

How to buy St Lucia property
There are certain rules and regulations you must comply with as a non domicile of St Lucia in order to purchase a St Lucia property. For instance, you will need to apply for an Alien Landholding Licence. Generally the cost of purchasing a property on St Lucia will come out at between 6-8% on top of the purchase price. This will cover stamp duty, the Alien Landholding Licence, Treasury receipt, legal costs and registration fees. If you are taking out a mortgage, lenders tend to charge a set-up fee.

Alien Landholding Licence
Foreigners must apply to the Ministry of Planning for an Alien Landholding Licence which costs EC$1,500, is non-refundable and does not need renewing. The process takes up to 16 weeks as the application is vetted by the Physical Planning Office of the Ministry of Physical Development, Environment & Housing, approved by the Prime Ministers Office and finally by the Office of the Attorney General.

Your locally appointed lawyer will make the application for the Alien Landholding Licence on your behalf. Along with your completed application you will need to provide the lawyer with the following information:

Certificate of character for each applicant (from your local police station)
A bank reference
Your CV
A copy of your passport data page
Full set of fingerprints (from your local police station)
Statutory declaration
4 passport size pictures of each applicant
Full details of the proposed property or land purchase (including a survey plan and land register of the property (from the Vendor) and a value assessment of the land or property (although the value assessment may not be necessary
Receipt proving payment of application fee
Initial approval from the Development Control Authority (this may not be necessary).

In addition to the application fee for the Alien Landholding Licence, the following fees are applicable depending on the land area of your property.

Land Area (in acres)    Price (in EC$)
Under 1    $5000
1-10    $10,000
10-20    $20,000
20-50    $30,000
50-100    $40,000
100+    $50,000

Deposits
There is no standard procedure on this, but common practice is to offer 10% of the purchase price as a deposit, which is forfeited if the buyer pulls out. If the vendor pulls out then the buyers 10% is returned as well as 10% from the vendor plus an additional penalty of 10%. In the unlikely event that the Alien's Landholding Licence is not granted, then the deposit is refunded.

Annual Property Tax
5% of the unfurnished rental value of your property, regardless or intent of use.

Stamp Duty
2% of purchase price

Vendors Tax
10% for non citizens or 5% if the property is owned by a local citizen of St Lucia.
There is no vendors tax if the property is owned by a company as you would transfer the shares in the company as a way of transferring the property (rather than by deed of sale). It is therefore best that all foreign clients sent up a local company and to apply for the license in the company's name. When you come to sell, you will be selling the company rather than the property itself.

There is no capital gains tax, inheritance tax or gift tax in St Lucia.

Local solicitors / lawyers usually charge 3% to 5% of the purchase price.

There are certain very attractive tax incentives available to a selection of 'returning residents' of St Lucia including the right to ship a container of 'personal goods' without paying duty on them and importing or purchasing a vehicle duty free.

To qualify for 'returning resident' status you must be a citizen of St Lucia, either by birth or parentage who is returning to St Lucia after a minimum of 10 years off the island or be married to the aforementioned citizen.

There are strict guidelines as to what constitutes 'personal goods' and various limitations that should be read thoroughly. For up-to-date information please contact your local Consulate General of St Lucia, or contact one of our agents.

Example of a full listing here - http://www.guidetostlucia.com/returning-residents.html

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