Oil Nut Bay, the idyllic island resort is located on Virgin Gorda in the coveted North Sound region of the British Virgin Islands.
The sales team has seen great success since the return of tourism on December 1 and founder David V. Johnson just announced that there will be a new Ocean Neighborhood, featuring 8 new homesites, called Ocean Villas, two of which have just sold. Of the six remaining, There will be three, 3-bedroom turnkey Ocean Villas for sale, the first of which is priced at $5.95M, land and home included. The remaining three are on offer as blank slates upon which to create the ultimate dream home. The homesites in this neighborhood range from $3.95-$7.95M and can house 3-6 bedrooms. These water’s edge villas are fronted by an inner and outer reef and therefore thoroughly protected. Said to be among the healthiest reefs in the BVI, both offer exceptional snorkeling opportunities. The collection abuts peaceful Bonefish Beach, ideal for children’s play and evening strolls on the sand.
This is especially relevant now, as there is a frenzy for people to buy vacation homes in beautiful locales and the Caribbean real estate market is hotter than ever. Demand is quickly growing from high net-worth buyers ready to invest in second homes in the Caribbean where transmission rates remain low.
The resort has sold six homesites just since January 10th, that combined with their construction contracts for custom homes, represents an approximate sales value of $50 million.