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Property of the month: 5 reasons to buy this vast Grenada villa

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Grenada's untapped luxury is primed for yacht owners

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It may be known for its spices, but Grenada’s deserted sugar sand beaches are just as tempting. Now, says Francesca Steele, the superyacht crowd is buying up its charms and L'Anse aux Epines is the ideal property...

The Spice Island, so called for its fragrant nutmeg and mace, has historically been less well developed than many of its Caribbean cousins. Vast swathes of the lush isle of Grenada remain covered in rainforest or undisturbed beach. Hotels and holiday homes are relatively few and far between, most of them nestling in the popular southwest corner, in or near the pretty little capital of St George’s and the best beaches, notably Grand Anse. As a result, property here is usually cheaper than elsewhere in the Caribbean.

Now Grenada’s luxury market may finally be ready to catch up, as tourism begins to take off. There was a 12.7 per cent increase in visitors last year, according to the Grenada Tourism Authority, helped by the opening of several highend hotels and by a programme offering eligible investors the opportunity to apply for full citizenship.

Buying a villa that comes as part of a resort is something of a trend. Laluna, a boutique hotel that opened in 2010, still has three of its seven villas for sale, priced from $3.9 million. The price includes a 12 metre berth at the Camper & Nicholsons marina. At the nearby Silver Sands resort, prices start at $5.5 million for a hillside villa. “Grenada has had potential for the past 20 years, and it’s finally being realised,” enthuses James Burdess, head of Savills’ Caribbean office. “Now that the resorts are coming to Grenada, the property buyers will too.”

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It has its own yacht mooring

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Twenty years ago, the owner of L’Anse aux Epines wasn’t particularly interested in buying a home. He wanted somewhere to leave his boat. Then he saw the deep water dock at the property and knew this incredible property with a yacht mooring was his new home. “I’ve rebuilt the dock, of course, as well as the house, which we completely redid in 2007,” he says. “Port Louis is actually one of the safest and best marinas in the Caribbean, but it is so wonderful just to look out our window and see our Farr 60 sitting right there by our piece of land.”

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It has impeccable safety features

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The marina isn’t the only safety feature that may appeal to a future owner of this 1,022 square metre property, which is on the market with Savills. Though Grenada is not nearly as vulnerable to hurricanes as much of the Caribbean, it did suffer substantial damage as a result of Hurricane Ivan in 2004 and residents take precautions if they can afford it. This stunning seven-bedroom colonial-style house, rebuilt “from the ground up” in 2007 on the footprint of the previous property, has hurricane- and bullet-proof glass. The glass is so strong that when the owner “tested” a spare piece of it in his shed with a claw hammer, he says it barely made a dent.

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