Frangipani villa is located in the much sought after Snow Hill development at Craigston. The views across Hillsborough Bay to the out islands are stunning. This elegant home with five bedrooms and four bathrooms is ideal for a large family and is an income producing rental property.
The house is located on the Snow Hill Estate, once part of the Craigston Lime Plantation which comprises some 45 lots of which approximately half have been developed. It is located 1 mile to the north of the main town of Hillsborough and has access to two beaches; the wide sweep of Sparrow Bay and the rocky/sandy cove of Tom’s Bay, both about 5 minutes walk. (See location 1 on Map of Carriacou.)
Frangipani Lot Plan– view land plan
Access is via a twin, and in some places solid, concrete track, estate road, leading off the Government maintained road from Hillsborough to Bogles. The driveway comes directly to the main house entrance, making this villa particularly suitable for handicapped persons. The land is protected by covenants and there is a very active owners association which purchasers would be required to join. Current annual fees are approx. US$700
Set in beautiful, lush tropical landscaping, Frangipani is a spacious, open plan villa which has recently been completely remodeled with the highest of finishes including custom furnishings and contemporary artwork. In addition to the main house there is also an independent apartment, a gym and a free standing professional greenhouse. The property is completely fenced and has electric gates to the main driveway.
The main house and apartment comprise some 4,200 sq. ft. of accommodation.
The main house is open plan with a gallery seating area, dining room and kitchen. There is a separate laundry room with custom pantry. The master bedroom is ensuite and there are two guest bedrooms, one with twin beds and one with queen size bed and a shared bathroom.
Outside there is a beautiful plunge pool, pagoda with seating area and a covered patio for dining and entertaining.
In the apartment there are two bedrooms with ensuite bathrooms. An open plan kitchen, dining and seating area and a covered patio with day bed.
On the apartment level there is also a gym and garage which is currently used for storage.
There is a secure, owners storage room in the main house.
Electricity is provided by Grenlec. Telephone by FLOW (formerly LIME). Internet by Digicel. Cable TV is supplied by Flow. Water is stored in a concrete cistern under the house and pumped to the outlets on demand. There are also security cameras in place.
The villa is currently an extremely popular rental property with figures available for those with a serious interest in purchasing.
Freehold price for fully furnished house and land US$850,000
Non-Nationals must apply for an Aliens’ Land Holding Licence to purchase land and property in Grenada. This is a one-off government tax on foreigners buying land and property and is normally granted without complication. At present this tax is levied at 10% of the agreed purchase price, or the value of the property as determined by the Inland Revenue Department. If required, Carriacou Real Estate Ltd can advise on all aspects of purchasing and the appointment of a local lawyer. Our sister company Down Island Ltd offers a full property management and rental service.