ANYONE KNOW OF PLACES FOR SALE ON 7 MILE BEACH - lots of views but no one with ideas

[upsetter]

My uncle won the lottery last year. I told him that he should buy a family villa in Negril. He said that he liked the idea and would like to do something like that for the family...here's hoping!

[MissBlue]

"a place to stay"

- are you looking to buy a whole hotel? if so, as Misti says, hope you have several million $USD to spend.

Or are you asking about a condo? there are really none on the main beach, but there might be some in NBCC - Negril Beach Club Condos (slightly off the 'main' beach area, more towards downtown), and Point Village, which are individually-owned condo units. (also outside the main beach location, but a very nice quiet property)

the place to find this information is Jamaican real estate websites. There are several out there, just google -

[Iriesistah]

Beach House Villas does still have some units available...great property!!!

http://www.negril-hotels.com/condos_for_sale.html

Ask for George or Teri
Tell them that Debbie K sent you!!!

[shellyk]

Rastaron the last couple years I have been about 6 weeks a year in Negril separate 7-10 day stints.

Again I REPEAT that price for a unit( apartment/condo) at Beach House Villas is a KILLER investment. Had I not just purchased a new home I would strongly consider doing that myself. BHV non AI rents for around $170 a night. The investment return would be quick payoff if even only at .75 yr rented.
Point Village has some nice units for sale at a deathly gorgeous property for around $150k, which i have played with in my mind for about 2 years, but they would be 4 times as hard to rent out as would BHV because of location.
If I was looking for a place to stay and get a return on that was super easy and I had access to $250k i wouldn't think twice after personally inspecting unit being purchased.

[Rastaron]

thanks shellyk, we have considered the BHV and may visit there again this reach. sounds like quite a few boardies have stayed there and like the place. very difficult to get in touch with owner to have discussion unfortunately. If we end up buying we will drop you a note, always nice to have a few stable and respectable people renting for sure. What rooms did you typically stay in, the ocean front villas or the studios or ?


and thank you MissBlue, we are looking for a condo/villa but not an entire hotel.

have wonderful day all

[shellyk]

thanks shellyk, we have considered the BHV and may visit there again this reach. sounds like quite a few boardies have stayed there and like the place. very difficult to get in touch with owner to have discussion unfortunately. If we end up buying we will drop you a note, always nice to have a few stable and respectable people renting for sure. What rooms did you typically stay in, the ocean front villas or the studios or ?


and thank you MissBlue, we are looking for a condo/villa but not an entire hotel.

have wonderful day all

Rasta I have stayed in the 2 bedroom and the penthouse both oceanfront. I looked at the site with what was available and their are cheaper units (129000-175000)that you could still rent for $100 nightly, or atleast 85-90 in slow season. I haven't stayed here for about 18 months or so as the rates jumped real far I used to get units at 75-90 than jumped to 150-170 and not affordable anymore for me as a solo, I now stay next door for 70 and just eat almost daily over there. The location suits me absolutely perfect. the penthouse sleeps I forget 8-12 (299900 ASKING price)and you can get real high rates for that and I see on a Rental to purchase price ratio value it comes out to the same as what the R-P value is on the cheaper units, the PH used to rent for $200 and when I priced it last year they wanted over 400. Remember all those prices are asking prices I would certainly never cash offer that. Keep in mind you need to have someone on site to manage and upkeep and I didn't understand pricing website it said rental pool 50% I wonder if that means they get a take, so does that mean they upkeep?

[Rastaron]

thanks shelly K from a fellow Wisconsinite. Yes they do currently charge a 50% rental agency fee which is the highest rate i have seen anywhere in the Carribean and you get minor maintenance assistance and housekeeping but the renters actually pay a fee for that. Nice place if we can carryone conversations with actual owners.

We ahve stayed at PV once and did consider a place there as well but our fam is more beach folks but PV is certainly peaceful.

[Vince]

Anything pan out on this subject?-we started looking too-probably be ready in about a year to purchase a property either on the 7 mile or outside Negril on da beach property-Bless

[Rastaron]

we actually purchased in the new development in bloody bay just past the Riu and after a few visits for set up and decorating we are ready to roll

[Ladynegril]

Congrats Rastaron- you so lucky