Beachfront 5 bedroom Villa for sale with sea view in Saint James, Saint James
Situated on the famed Reeds Bay, boasted to be the most prestigious part of the Platinum Coast, this exquisite property is discreet and private in its design from the main street. It has the glorious Caribbean Sea as a backdrop from the garden, where the entertaining areas are located.
This well-appointed Barbados luxury beach-front home with high-end contemporary finishes is designed by world-acclaimed Interior Designer Celia Sawyer. The design has been sympathetic to its surroundings, taking advant...
Situated on the famed Reeds Bay, boasted to be the most prestigious part of the Platinum Coast, this exquisite property is discreet and private in its design from the main street. It has the glorious Caribbean Sea as a backdrop from the garden, where the entertaining areas are located.
This well-appointed Barbados luxury beach-front home with high-end contemporary finishes is designed by world-acclaimed Interior Designer Celia Sawyer. The design has been sympathetic to its surroundings, taking advantage of an open plan contemporary layout which brings the synergy of luxury, light and flows to each room.
The villa is completely enclosed and has private steps straight onto the white sand where one can walk down to the turquoise water, perfect for snorkelling and swimming. The private dining terrace, spa pool and bar sets a beautiful scene for, al fresco dining, cocktails and relaxation with friends and family.
This stunning property is perfectly located between Holetown and Speightstown. Holetown is the hub of the west coast, and with Speightstown to the North, they are both in easy access and within a 5 minute drive from the villa.
Holetown is well-appointed with the Limegrove Lifestyle Centre which offers lovely restaurants, cafes, cinemas and shops. Speightstown is a delightful historic town, with a museum, art gallery, local shops a great selection of restaurants and bars.
The villa offers the best of both worlds as it is also an excellent rental property with the option of opening up the living room as a 6th bedroom.
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This Villa is located in Saint James in Barbados
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Buying Real Estate in Barbados
1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.
In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.
2. Signing the Purchase Agreement and Paying the deposit
Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.
3. The Conveyance
The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.
4. General Information on Property Ownership in Barbados
Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.