{"id":269696,"date":"2021-06-21T13:46:22","date_gmt":"2021-06-21T17:46:22","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=269696"},"modified":"2021-06-21T13:46:22","modified_gmt":"2021-06-21T17:46:22","slug":"secret-bay-records-vacation-home-estate-sale-of-us7-million","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/secret-bay-records-vacation-home-estate-sale-of-us7-million\/","title":{"rendered":"Secret Bay records vacation home estate sale of US$7 million"},"content":{"rendered":"
\"\"
Secret Bay<\/figcaption><\/figure>\n

The management of Secret Bay and the Residences at Secret Bay has confirmed the off-plan sale of one of its vacation home estates for US$7 million to a North American buyer.<\/p>\n

The property comprises of four villas, three pools, four electric vehicle parking shelters, charging stations and other amenities, according to Gregor Nassief, the company\u2019s owner.<\/p>\n

As this is an off-plan transaction, the property is yet to be built. Nassief described the location as a prime clifftop area over an acre of land hovering about 200 feet above the Caribbean Sea.<\/p>\n

The buyer and his family, Nassief noted, are not economic citizenship investors and the land is located in an area which is in need of over 1000 feet of roadway and services infrastructural development. There are also plans to install a funicular or hillside elevator to access this part of the resort, he said to Dominica News Online (DNO) during a brief exchange on Friday.<\/p>\n

\u201cVacation home buyers like these investors typically spend no more than a few weeks annually in their vacation home and the rest of the time it will be part of Secret Bay\u2019s premium rental inventory and program, thus allowing the owners and Secret Bay to earn income from the property when they are not using it.\u00a0 It is therefore both a lifestyle investment as well as a prudent financial one from the buyer\u2019s perspective,\u201d Nassief explained to DNO.<\/p>\n

\u201cThe buyer’s investment underscores what I have always felt \u2013 that Dominica is the Caribbean\u2019s hidden gem and an ideal location for investors seeking a second home in the safety and seclusion of our Nature Island,\u201d he stated.<\/p>\n

Nassief said that the entire team at Secret Bay and The Residences at Secret Bay are \u201cextremely excited about this and aim to create one of the most beautiful vacation home estates in the world.\u201d<\/p>\n

The new owners are no strangers to Dominica as they have visited and stayed at the resort several times in the past.<\/p>\n

According to their website, The Residences at Secret Bay is a Caribbean real estate component which offers over 40 architectural treehouse-style villas priced from $1.4 million \u2013 $4.05 million. These are available as whole or shared ownership and as a qualifying investment for Dominica\u2019s\u00a0Citizenship by Investment (CBI)\u00a0program, the website states.<\/p>\n","protected":false},"excerpt":{"rendered":"The management of Secret Bay and the Residences at Secret Bay has confirmed the off-plan sale of one of its vacation home estates for US$7 million to a North American buyer. The property comprises of four villas, three pools, four…","protected":false},"author":27,"featured_media":181170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[18,77,235,9,20],"tags":[],"class_list":["post-269696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-homepage","category-homepage-carousel","category-news","category-tourism-publicity"],"acf":[],"yoast_head":"\nSecret Bay records vacation home estate sale of US$7 million - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/secret-bay-records-vacation-home-estate-sale-of-us7-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Secret Bay records vacation home estate sale of US$7 million - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"The management of Secret Bay and the Residences at Secret Bay has confirmed the off-plan sale of one of its vacation home estates for US$7 million to a North American buyer. 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