Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa
Memory Villa

Memory Villa Palm Island, PALM ISLAND, The Grenadines

$2,400,000 USD
Property Details

Property Details

  • 2 Bedrooms
  • 3 Bathrooms
  • 0 Acres
  • 5800 Sq Ft
  • Private Pool
  • FOR SALE
  • Beachfron Ocean Views
  • Stunning Beachfront Location
  • Private Island
  • West Facing
  • Beachfron Ocean Views }

Memory House Palm Island St.Vincent & the Grenadine Islands

5800 sq ft of indoor & outdoor spaces Fully renovated in 2010

Unique Luxury Beachfront Villa Located on the Award Winning Palm Island Private Island

Located on the private resort island of Palm Island, Memory House is a 2 bedroom villa located directly on a picturesque white coral sand beach.

This is a great house for those who are looking for privacy, and a quiet beach holiday, a modern, spacious and well equipped beachfront villa.

Built from local quarry stone, the picturesque Memory House offers the essence of local, quality craftsmanship.A testament to an elevated Caribbean lifestyle, this peaceful home has been upgraded to keep up with the demands of contemporary living while ensuring sensational views of the nearby islands of Mayreau, Tobago Cays, Canouan, Union & Petit Martinique.

Stunning Beachfront Location

Swimming in the pool and ocean just steps away, kayaking with the turtles, snorkelling at a small reef a few steps down the beach, hiking around the island, getting to know the island's resident "land turtles," and all the friendly people.

The water is an unreal color of blue. The sand is soft. The constant breezes warm and refreshing - this is a perfect place to fall off the grid and relax.

Living Spaces & Bedrooms

Memory House contains 2 Beachfront bedrooms steps from the ocean. Both with full bathrooms with outdoor covered showers, walk in closets and complete with ocean and island views.

The master bedroom contains a queen bed and the guest room with twin beds.

Memory House features an open concept plan that envelops expansive dining and living areas with dramatically beamed vaulted ceilings.

The spacious kitchen and bar area overlook a beautifully appointed dining and living room that each benefit from beach-front views, lush gardens and patio exposure.A lovely guest powder-room is perfectly suited to the ambiance of the Caribbean.

Studio Office

Memory House also offers a well-appointed studio office with built in cabinets and more garden / sea views.An ideal space for those who wish to stay connected / work remotely.

Private Swimming Pool & Beachfront Patio

The very large beachfront patio serves as the prime area for relaxing, al-fresco dining, or for entertaining family and friends.Surrounded by palm trees, bougainvillea, cacti and other lush Caribbean flora and succulents, the sparkling swimming pool is the icing on the Cake.

Villa Summary

  • Two Air-Conditioned Bedrooms
  • Two Ensuite Bathrooms with Private Covered Outdoor Showers
  • Large Gourmet Kitchen
  • Swimming Pool
  • Two Outdoor Patios
  • Open Plan High Ceiling Dining and Living Room
  • Guest Powder Room
  • Lock-off Office Space or Optional Third Bedroom
  • Laundry, Garage, Pump Room

Island Lease

The island is on a 99 year lease held by the resort from the government.

Palm Island

A stunning island of 135 acres, surrounded by 5 white sandy beaches, planted with a variety of palm trees - fern, royal, coconut and cane and inhabited by a small cluster of private villa owners and the boutique style resort with just over 40 rooms.

Viewing Highly Recommended

We would encourage potential buyers to stand on this beach and step into the villa. Simply call to arrange a viewing at a time to suit you.

Tennis & Resort Pool

There are both a swimming pool & tennis courts at the Palm Island Resort, these may be available for villa owners and guests use, at a rate negotiable with the Resort Manager.

Dining

The Sunset Restaurant is available on Palm Island for villa guests. The Palm Island Resort also has the Royal Palm Restaurant and Sunset Grill which may be available for villa guests.

Neighbouring Union Island

On the neighboring Union Island, there are lots of grocery stores and small island boutiques.

Union Island is the gateway for entering Palm Island. From Union Island a small boat ride of 5 minutes gets you across the sea to palm Island

  • Sandy Beachfront with panoramic views of neighbouring islands Union Island, Mayreau, Tobago Cays and Canouan
  • The private beachfront swimming pool is 10 x 20 x 5
  • Wi Fi
  • Satellite Direct TV
  • Golf Cart
  • 2 single and 1 double kayak
  • 2 mountain bikes
  • Washer and dryer
Location

Villa Location

Palm Island

Palm Island is a private Island located in the Southern Grenadines and is only accessible by boat. It is 5 minutes away from Union Island, which is the main gateway for entering Palm island. Palm Island has a land area of 135 acres and has 5 white sand beaches.

Buyer's Guide

Buyer's Guide

Purchasing land in a foreign country can seem like a daunting task. We are here from start to finish of the process, and pride ourselves with a strong relationship with previous buyers, assisting in settling new owners into the island and their property. We are happy to assist with any part, from the handover, relocating, shipping, staffing, and continuing through our rental program.

We extend our full concierge services, and regularly handle all arrangements for potential purchasers visiting the islands for viewings - private or scheduled flights, transfers, accommodation, island briefings, tours and property viewings.

We arrange and lead viewings ensuring they are comfortable, relaxed and well timed. We provided detailed printed material and can photograph aspects of the property which are of particular interest to you, ensuring that all follow up material is focused for you.

From helping you find the right property, assisting in assessment & evaluation, advice on legal processes to various areas surrounding architecture, design, project management, property maintenance, management, and rental.

The entire process can be handled remotely - ie while you are in the UK.

Purchase procedure:

1. Make your offer for your chosen property through us. We present your offer, and work to bring the sale to an agreement with the owner.

2. Appoint a local Lawyer to handle your purchase (list of recommended lawyers can be provided upon request) exchange contact details and discuss the purchase arrangements, as you wish.

3. Sign Agreement of Sale & deposit 10% of purchase price in ESCROW account with the lawyer.

The Agreement of Sale Contract is prepared by the lawyer for approval by both parties, before being finalised and signed by both parties. This is a binding agreement, the only circumstances where you would retrieve the deposit would be if:
- the seller fails to perform (for example if there was not clear title)
- or if your ALHL is not issued (this is extremely rare).

4. Alien Land Holders Licence (ALHL) Application (specific to the property & applied for at the time of agreement of purchase ).

Provide the following details to your local lawyer :
- Date and place of birth
- Copy of passport
- Nationality
- Bank reference (not finances just a letter of reliability)
- Police certificate of clear record (applied for from your local police station or online, in your home country

UK: http://www.acro.police.uk/police_certificates.aspx

The police certificate is usually fairly swift and at least straightforward

The lawyer makes the ALHL application and searches to check clear title on the property

5. ALHL is issued (this usually takes 2 to 3 months).

6. Complete the purchase (you deposit the balance of purchase price and the signed deeds of conveyance are released). At this point the property is yours.


Purchase Costs

Purchase costs are straightforward;
- 5% Stamp Duty
- approximately 6% ALHL
- legal fees
Legal fees are standard and the lawyer you instruct can provide a detailed breakdown of the costs.
We advise allowing 13% to cover the costs.

Ownership

The lawyer can advise on personal or company ownership;
Company ownership provides automatic exemption from work permit. Residency is a simple formality with property ownership.

Many buyers choose to own their property through a company which can be set up easily, the lawyer can advise on the costs and fees for this.

There is no capital gains tax, no inheritance tax and annual property taxes are negligible. Funds can be repatriated freely.

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