House Hunting on Anguilla: Modern Elegance, Steps From the Caribbean
A 6,000-Square-Foot Seaside Villa on Anguilla $3.5 MILLION This contemporary six-bedroom villa on the southern coast of Anguilla overlooks a small beach with a cove in the Caribbean Sea. "Being able to skip the extra transfer in St. Maarten and be on the beach in Anguilla earlier is a game-changer and makes a weekend getaway from the U.S. viable." Mr. Freeman, who is a principal with Tranquility Beach Anguilla, said that more than half the development's 15 units have sold in the past 10 months, including about $4.2 million worth of units in the past few weeks. At the same time, the market for villas continues apace, he said: "I've heard of several villa owners who have received purchase offers, often unsolicited, at almost double the value from a few years ago and have chosen to hold." Initiatives such as Anguilla's Residency by Investment program - which was introduced in June 2019 and offers permanent residency to foreigners who invest at least $750,000 in Anguilla real estate - may be bolstering the island's economy. "After navigating the pandemic, people have realized they don't have to be tied to a city or be physically present to do their jobs," said Janine Edwards, the director of administration at Sunset Homes Anguilla and a principal with Tranquility Beach Anguilla. A lack of inventory on other Caribbean islands considered Anguilla's competitors, including Turks and Caicos and Saint Barthélemy, may also be affecting Anguilla's housing market, Ms. Hearn said. "In St. Bart's and Turks and Caicos, prices are higher, from $2,000 to $3,000 a square foot." Who Buys on Anguilla About three-quarters of foreign buyers on Anguilla hail from the United States, and about 10 percent come from Canada, Mr. Freeman said. "Most of my buyers pay in cash." Websites Anguilla Tourist Board: ivisitanguilla.com Anguilla government: gov.