Cost of an island in Grenada
Unlike Belize and The Bahamas, you’ll have comparatively fewer islands to buy in Grenada. Off the northern coast of Grenada, a handful of private islands could be available for sale but due to the scarcity, their prices are inclined to be higher. A 20-acre island for sale in Grenada could cost about USD 7 million while you’ll need to shell out close to almost three times the price at USD 20 million to buy a 400-acre island.
Cost of islands in other regions
A few other Caribbean regions have a limited number of private islands up for sale. For instance, in the southern Caribbean, you can buy a private island in Curacao if your luck favors you. However, it’s important to note that it’s not often when you’ll get such an opportunity since islands aren’t frequently available for sale on the real estate market of this Dutch Caribbean island. This means you should keep track of the market to spot a rare opportunity of buying a private island in Curacao or some other regions in the Caribbean.
If you’re planning to buy a small island, a large one, or anything in-between in the Caribbean and Central American regions, you’ll get a lot of options to take your pick from. However, it’s important to remember that each Caribbean region may have its own rules for the purchase of an island. For instance, in Anguilla and the British Virgin Islands, non-residents need special licenses to buy a property. Such licenses could also consist of a police reference and a background check. Some Caribbean regions could also have a remnant of the region’s past colonial influence, which is unique to it. This could be a reason why the British tend to prefer Barbados while the Dutch have a penchant for buying islands in the Antilles. So, once you’ve zeroed in on a private island that’s available for sale, you’ll need to meet all the criteria for eligibility and exercise some patience to get the deal closed. But the wait to own your slice of paradise in this idyllic region is worth it for sure.
If you need expert guidance and help to explore more private islands available for sale in the Caribbean and Central America, or want more details of private islands to buy in The Bahamas, Belize, or Grenada, you can contact us.