Grenada’s Real Estate Best Time to Invest

Grenada is finally ready for its global real estate close-up. Indeed, since the pandemic began Grenada like other members of the Commonwealth has taken an extreme “no Covid-19” approach to the crisis. That has meant strict testing for travelers before departure, a second test upon arrival, and mandatory in-resort quarantine until those second results are revealed. Full vaccination is also a must.

While certainly stringent, the impact of these measures was apparent for most of the pandemic, Grenada was a place of no masks, no curfews, no sick people.  “Sadly, like the rest of the world, the Delta variant has since changed our reality,” explains Kandace Douglas, real estate sales and marketing director of Silver Sands villas. And as a result, the island, though still less impacted than the rest of the world, is grappling with the pandemic. 

Nonetheless, the country has implemented a range of strict containment policies and right on time. These efforts come as the island is finally waking up to its luxury real estate potential. And a large part of this is due to Silver Sands. a 43-room resort that opened in 2018 on a prime slice of Grand Anse Beach Grenada’s finest sandy stretch and one of the best beaches in the Caribbean.

Developed by Egyptian telecom mogul Naguib Sawiris through his firm Oral Developers, Silver Sands’ ultra-contemporary, white-washed aesthetic is the antithesis of Caribbean cliché. Forget thatched roof huts or “chic shacks” perched over the seashore on stilts. Rather, Silver Sands’ rooms spread over a pair of three-story wings feature clean lines, subtle patterns, and constant Caribbean views. The vibe especially in its light-filled spa feels akin to a sleek branch of, say, Soho House only dropped in the southern Caribbean. And Silver Sands’ pool, all 328 feet of it, is the longest in the entire Caribbean.

This same feeling extends to Silver Sands’ eight private villas which have recently hit the market priced from $7 million to $14.5 million, depending on location (though first-mover incentives mean early buyers can secure discounts). Hidden from the main resort behind a subtle yet substantial wall, the villas are nothing if not spectacular. Four are perched on a low hill just above the main resort with prime Caribbean views. Four others are set directly on the sand just feet from the sea, as close as you can get to the waves without going for a swim.

No matter the location, the villas are substantial: 22,000-square-foot plots, 2,200+ square-feet of outdoor space, four primary bedrooms, 4.5 bathrooms, and massive private swimming pools and bijoux plunge pools. Designed by Reda Amalou and Stephanie Ledoux of Paris-based architecture firm AW2 responsible for a wide range of Ritz-Carlton, Four Seasons, and Six-Senses resorts worldwide the villas come fully furnished with Molteni, B&B Italia, and Bruno Moinard pieces. Kitchen appliances are courtesy of Gaggenau and Miele, while the outdoor and indoor showers are from Hansgrohe. Villa buyers have access to all main resort amenities: spa, two restaurants, concierge and house-cleaning services. Owners also benefit from expedited immigration upon arrival and transport to and from the resort via Tesla, a nice and unexpected touch. “It’s a natural and elegant design aesthetic that honors the surrounding landscape and beachfront location,” Douglas explains.

Grenada’s citizenship by Investment program offering is not only secure but expansive. “The program leads as the only state in the Caribbean whereby successful applicants are eligible to apply to live and work in the United States of America through the E2 Visa Investor Treaty that Grenada enjoys with the USA,” Ventour continues. “Successful applicants enjoy visa-free travel to over 140 countries worldwide, including the United Kingdom, China, Russia, Schengen, and the UAE.”

The citizenship program is available to most top-tier properties in Grenada that meet the financial requirements. This includes villa projects such as the handful of estates still available at Laluna, a 30-acre resort completed over 20 years ago and popular with fashion types such as model Kate Moss and Vogue editor in-chief Anna Wintour.