Exploring Desirable Retreats with Stonehouse7
Stonehouse7 Unveils the World of Luxury Collectables across The Pond.
The allure of luxury second-home markets may have tempered after a surge in sales during the pandemic years of 2020-21, but the interest in captivating destinations like the Caribbean, Hawaii, and Costa Rica persists. Matt Beall, CEO of Hawaii Life, notes the logistical challenges faced by Hawaii’s ultra-luxury real estate sector during the pandemic-driven market surge, emphasizing the imbalance between supply and demand. Despite the limitations on supply, the demand remains robust, and the dry powder on the side-lines is poised for action.
While some potential buyers contemplate their decisions, others seize opportunities in the current market lull. Discover the enticing destinations where discerning individuals are choosing to invest.
The Caribbean
Barring the hurricane-prone season from August to October, the Caribbean stands as a nearly year-round haven. Presently within the December-to-July window, many prospective buyers are exploring this destination before making their move. Hotspots such as Turks + Caicos and Virgin Gorda are not only attracting celebrities but also witnessing expansion initiatives like Grace Bay Resorts’ Private Villa Collection. The upcoming South Bank, featuring the island’s first man-made lagoon, adds to the allure.
Nikheel Advani, co-founder of Grace Bay Resorts, observes sustained demand, defying expectations of a taper in 2022 and 2023. In the British Virgin Islands, Oil Nut Bay, a secluded resort sprawled across 400 acres on Virgin Gorda, offers private villas seamlessly integrated into the picturesque landscape. Home sites range from $2.95 million to $29.5 million, with fully-furnished residences fetching from $3.45 million to over $39 million. Notable is the new $18.5 million listing Constellations, a captivating home with four bedrooms, seven baths, expansive outdoor living space, and a private beach.
Hawaii
On Hawaii’s Kona Coast, the private residential club Hokuli’a attracts sun lovers from the Pacific Northwest and Canada seeking second-home getaways. Recent enhancements, including improvements to the Jack Nicklaus Signature golf course, new pickleball courts, and dining facilities updates, enhance the appeal of this 1,260-acre development. Buyers opting for sustainable agriculture parcels can access various amenities, from outrigger canoe programs to golf courses, spas, fitness centres, tennis courts, club pools, open-air dining pavilions, and shoreline parks with interpretive centres.
Costa Rica
Costa Rican second-home ownership offers benefits like amiable locals, pleasant climates, and a more affordable price tag compared to other warm-climate destinations. Costa Elena, a master-planned resort community in the unspoiled northern Guanacaste region, presents enticing options. For around $2.85 million, one can acquire a 5,000-square-foot house in Costa Elena, which recently initiated sales efforts for its new Sunset Villas adjacent to the UNESCO World Heritage Site Area de Conservacion Guanacaste (ACG). Spanning 3,000 acres, the community boasts 10 miles of pristine coastline and appeals to those drawn to natural beauty, modern tropical design, and sustainable tourism. Costa Elena not only provides an international residence but also supports the local community and environmental conservation efforts.
Images: Unsplash
