Paramin V017 Whole Ownership Villa, Kittitian Hill – ID: 5991178
Key Information
Property Gallery and Description
Paramin V072 Whole Ownership, Kittitian Hill
This charming three bedroom villa offers convenience and exclusivity, with spacious living quarters featuring cathedral ceilings. This villa offers a spacious covered veranda leading out to a large open sun deck with an infinity-edge pool.
Kittitian Hill
Set on a stunning 160 hectare (400 acre) hillside. Kittitian Hill is a master planned resort offering beautifully designed luxury villas and charming cottages. The resort offers panoramic views of St. Eustatius, Saba, St Martin and St. Barths, along with spectacular sunsets and dramatic views of the Caribbean Sea.
Kittitian Hill will cater to the tastes of the most sophisticated residents and guests, with amenities such as:
- 18-hole championship golf course designed by Ian Woosnam
- Luxurious destination spa
- Kittitian Village with an excellent selection of dining and entertainment ;
- Bars
- Restaurants
- Duty free shops
- Beach Club just 3 kilometres away with regular shuttle service
The unique architecture, landscaping and interior design of Kittitian Hill is the work of world famous architect Bill Bensley, whose studio has been responsible for the design of many award-winning resorts worldwide.
Sedona Resorts will manage the entire resort including;
- Cottage hotel
- Spa
- Rental programmes for the villas.
Sedona Resorts is an ultra-luxury spa and boutique hotel operator that created and manages the Mii Amo Spa in Sedona, Arizona. Mii Amo was voted as the number one Destination Spa in the World for 2009 by Travel and Leisure Magazine.
Purchase Options
INVESTMENT OPTION(Citizenship by Investment option) Cottage, Fractional Villa and Villaowners have the option to place their property in the rental pool for 5 years. Guaranteed income of 2% whilst the property is being built and funds in escrow, 4% income per annum for 5 years, developer pays HOA fees, property taxes and property insurance. Cottage and Fractional Villa owners entitled to 14 nights personal use per annum, whole Villa owners entitled to 42 nights.
Complimentary membership to the Kittitian Hill Golf and Tennis Club, saving mandatory cost of US$2,100 per annum.
The Investment Option is perfect for Citizenship by Investment purchasers.
LIFESTYLE OPTION-Cottage ownersguaranteed 42 nights personal use per annum with unlimited short notice of use of the property or similar, all year round. Rental income is pooled and the net income split between the owners (prorated) and resort manager. All cottages must be placed in the rental pool. Owners pay Home Owner Association fees of US$10 per m2 per month, plus property insurance estimated at 1.15% and property tax at 0.2% annually.
Villa fractionsguaranteed 2 weeks high season and 4 weeks Resort Season (1/6th) and 2 weeks High and 6 week Resort (1/8thfraction). Rental income from all fractional villas is pooled and net income is split 50/50 between the owners (prorated) and resort manager. All fractional villas must be placed in the rental pool. Owners pay Home Owner Association fees of US$10 per m2 per month, plus property insurance estimated at 1.15% and property tax at 0.2% annually.
Whole VillasChoose to live in your villa permanently or place your villa in the rental programme and commit 24 weeks to the rental programme of which 6 weeks must be during high season. Owners pay Home Owner Association fees of US$4 per m2 per month, plus property insurance estimated at 1.15% and property tax at 0.2% annually.
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