The Caribbean home, Villa Almaviva, has just announced that it has had a 50% price cut from 9M USD to 4.5M USD.
Michelle Bellegarde, CEO of Saint Vincent & the Grenadines Sotheby’s International Realty, comment:
“A modest price drop only generates a modest response whereas a dramatic price drop, such is seen with Villa Almaviva and The Winchester, creates attention and brings more buyers to the table.
“Homeowners sell their properties for a variety of many reasons and age or self-financing for other projects tend to be the top two. Many homeowners have multiple properties to meet a variety of business and lifestyle needs, once those needs change they no longer require the home.
“It is hard to leave St Vincent & the Grenadines so many of our sellers do choose to leave a small footprint.
“The property market is seeing new growth along with business opportunities for a variety of investors who are attracted by our business friendly environment and the new Argyle International Airport which has numerous direct routes in development. We are now seeing new construction in every price range and style from new resort residences in Palm Island, contemporary waterfront villas in Bequia and Canouan to ultra-modern luxury in Union Island.”
The vendor of the property is an extremely interesting lady, having owned the property for over 20 years she is deciding to sell the home because she is fast approaching the age of 80 and now wants to sell the home as quickly as possible. She is aware that a dramatic price drop such as this inevitably generates attention and attracts many more buyers to the table.
Splitting her time between the Caribbean and Switzerland, she ran a successful publishing company remotely, working on European time. The peace and tranquillity offered by Palm Island is one of the main reasons why she has spent so much time on the island.
This beachfront property features 10,000 sq. ft. of living space, nine bedrooms and nine bathrooms. It also boasts impressive 270 degree views has been designed with beautiful wide terraces surrounding it. There is also a large living and dining area and a covered patio. The home comes with a boat, two cars and staff quarters.
Available at a guide price of 4,500,000 USD through Saint Vincent & The Grenadines Sotheby’s International Realty: www.sothebysrealty.com