St. Martin Real Estate: General Information
St. Martin real estate offers a unique opportunity for buyers
to experience two distinct cultures in one. Divided into French and Dutch halves
for almost 350 years, the island is a mix of languages, cultures and paces of life-busy
and vibrant on the Dutch side and noticeably more calm and chic on the French. St.
Martin real estate is also convenient, with the airport acting as a hub for North
American travelers. Casinos, great beaches, shopping, energetic nightlife and some
of the Caribbean's best cuisine are other attractive features of this something-for-everyone
island.
- Transfer and legal fees: For homes older than 5 years, total closing fees are approximately
6-7%. For new homes, total costs are approximately 10-12%
- Attorney not required-notary acts as legal party
- Presence not required at closing
- Financing available on-island for 50-70% of purchase price over terms of 15-30 years;
interest rates vary between 7.5-10%
- Capital gains tax of 33.5% applicable on French side properties, decreases the longer you own the property.
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.