Luxury Properties: Would you be interested in picking up a condo for free? How about one valued at $500,000, and located in the Caribbean to boot? We found a real estate deal on the Dutch side of St. Maarten that looks like a whale of a deal.
A newly built village marina, Porto Cupecoy is about to open on the western side of the Simpson Bay Lagoon. The developers of this tropical upscale community are offering a free condominium to buyers of its VIP yacht slips, which are large enough to hold a 300-foot yacht. There are 11 available priced from $1.5 million to $3 million, and the offer is good till January 29, 2010.
The promotion is part of the festivities surrounding the grand opening of the Porto Cupecoy, which occurs in December. The residences offered in the Mediterranean-inspired setting of 182 units are one- to four-bedroom units. The marina is the only one on St. Maarten with slips capable of accommodating mega-size yachts. The white-glove marina will feature grocery and dining venues as well as a full range of services, including yacht provisioning and VIP vessel-concierge assistance.
The potential ROI both pleasure- and profit-wise on this marina-resort setting is sure to garner interest from left- and right-side thinkers alike. Owners of slips can earn income from renting out their slip when it is vacant as well as renting their condominium to vacationers. The management team of Porto Cupecoy can manage slips and units for absentee owners.
The Orient-Express Hotels is the developer of this deluxe Caribbean enclave. For more information on the "Free Residence" promotion, visit PortoCupecoy.com.
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