•  Latest News • 7 August 2024
Among those most bullish on the Nevis real estate landscape is Neybis Sanchez.
She’s the chief executive officer of St. Kitts & Nevis Sotheby’s International Realty, has lived on the island for six years and has been in the real estate biz for 22 years. She tells Caribbean Journal Invest, “Nevis is an unknown hidden sanctuary that is ‘barefoot luxury’ at its finest.I’ve seen it time and time again… people come, they don’t want to leave and, especially now, it is poised for development.”
The total population of St. Kitts and Nevis currently stands at approximately 50,000, with 12,000 residing in Nevis. It’s approximately 7 miles wide, with a total area of roughly 36 square miles. Charlestown, tucked on its southwestern shore, is its primary commercial hub and there is a singular, circular road around its oval-like geography, with periodic offshoots to villas and estates. Otherwise, its geography consists of white sands, Caribbean and Atlantic vistas and Nevis Peak – a tree-draped, 3,232-foot volcanic peak – ever looming in its center.
Whereas St. Kitts has a comparatively bigger island vibe with visible pops of condo towers and larger resorts, Nevis is noticeably subtle-yet-lux. On the real estate opportunities that abound on Nevis, Sanchez says, “it all depends on what you want. You can have a beautiful villa, house, home or estate up on the mountain, where the weather visibly changes or down on the beach. And, of course, you have the Four Seasons, which is the heartbeat of Nevis.”
The Four Seasons Sanchez speaks of is the Four Seasons Resort Nevis, centrally located on the island’s western edge. It’s been a global hotspot since its 1991 arrival and is within walking distance to one of the island’s best bars, Sunshine’s Restaurant, less than a half mile south.
Today, Four Seasons Resort Nevis has a residential flair, with more than 80 existing residences, primarily located along its Robert Trent Jones II signature golf course. Beyond Four Seasons and island-wide, Sanchez says the current entry point for a one-bedroom abode starts in the $300,000 to $350,000 range, with luxury estate options peaking in the $10 to $12 million range. There currently is no central real estate database on the island, a resource Sanchez says she and fellow industry leaders are working to establish. Visibly she says “pre-retirees” – those in their late 40s and early 50s – are becoming more prevalent buyers, seeking a second home.
Among the benefits of buying in Nevis are its taxes – there are no income, inheritance, and wealth taxes and its real estate tax sits at .002 percent. As part of its Citizenship by Investment program, buyers may obtain citizenship with a $400,000 investment, which was raised from $250,000 in 2023.
“With everything Nevis has going for it, I’ve seen a 50 percent increase in interest and traffic to the island within the last year alone,” says Sanchez. “I can only see the interest strengthening from here.”