luxury locations issue 21

ANTBIGRIUTAISPHRVOIPREGRITNYISLAALNESDS PROPERTY SALES

OIL NUT BAY, VIRGIN GORDA: SUSTAINABLE PRIVATE ISLAND LIVING O n its eastern tip, against a backdrop of verdant hills and white sand beaches, the exclusive 400-acre service 93-slip marina, two internationally certified helipads allowing guests to clear customs directly on site, a plethora of It’s perhaps little surprise that a place that got its name because its shape resembles that of a reclining woman has something of a laidback vibe. Things may have kicked up a notch since the days of Columbus but Virgin Gorda – the third largest island in the BVI – retains a majestic serenity.

resort community of Oil Nut Bay is being created. Accessed only by boat or helicopter, it offers freehold property ownership and vacation villa rentals in one of the most picturesque places on earth. A select number of undeveloped home sites are available to those who prefer to design and build their own custom residence. Oil Nut Bay fuses exquisite architectural planning with the natural beauty of the island to create a destination unmatched in luxury. Maintaining a sustainable community that exists in harmony with the environment, while meeting the distinct needs of its residents and guests, is at the forefront of Oil Nut Bay’s mission. Our agent on the ground, Alexander Dobbs, explains what makes this tucked- away spot so special. What should people know about Virgin Gorda, and specifically Oil Nut Bay? Oil Nut Bay was founded by developer David Victor Johnson in November 2008 and currently consists of a luxurious beach club with three pools, three restaurants serving world-class Caribbean cuisine, a full

watersports activities, two tennis courts, two pickle ball courts, kids camp, nature centre, animal rescue park, and a state-of-the-art wellness centre. To date, we have sold 68 home sites and completed 43 homes with an additional 11 currently under construction. The BVI is known as a sailing capital due to its protected waters and multitude of anchorages and locations to visit. Oil Nut Bay’s marina offers unparalleled access to them. Homeowners have the choice to either put their property into the rental management programme, or keep it private for their own personal use. All homes in the rental management programme must also enrol in the Oil Nut Bay villa management programme, thereby offering a completely turnkey experience for homeowners. That means your home is ready and perfect when you are here, and taken care of when you are not. What are the fees associated with buying property? Yearly property taxes in the British Virgin

Islands are very low. The majority of homes at Oil Nut Bay pay less than $2,000 a year in property taxes. However, the BVI government does charge a one-time 12 percent acquisition tax. This is known as stamp tax and is paid in cash at closing to the BVI government. Which properties have the most rental occupancy? Generally speaking, the beachfront rentals are the most desired at Oil Nut Bay. However, this does depend greatly on specific homeowner usage, ie, how often they are here and utilising the properties themselves. What nationality are your homeowners? The vast majority – 75 percent – are American, and the remainder are from other countries including England, Greece, Italy, Switzerland, Brazil and Canada. Around 65 percent are aged 50 and over. What do you like to do when you’re not working? When I’m not working I am always on the water. Boating, snorkelling, island hopping, deep sea fishing, sailing, scuba diving, and kiteboarding are some favourite activities of mine. n

Contact us at OilnutBay@LuxuryLocations.com for more information.

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