Two-Bedroom Residence (144 m²), South Coast Beachfront Condos, Grenada
Photography: Tony Hisgett / CC BY 2.0.
A beachfront apartment on Grenada's south coast, in a collection still under construction and sold with direct private access to the sand. It suits two buyers: one who wants a home on a quiet stretch of coast, and one whose real objective is a Grenadian passport and who would rather hold an asset than make a contribution. The images are developer renderings — work is under way, but this apartment does not exist yet.
What you actually own
Freehold title to a specific apartment, not a share. That distinction matters here: Grenada's citizenship regulations allow either a whole unit bought outright by one buyer, or a single unit bought jointly with each party taking a share. A deed to a whole apartment sells to anyone who wants a home; a share sells mainly to the next person who needs it to qualify for something. Confirm the tenure in the sale and purchase agreement — structures differ between approved projects on this coast.
Owners also get use of amenities at the neighbouring resort hotels. Adjacency is not branding: the apartment is not operated to a hotel's standard, and not all of that infrastructure is open yet. Get it in writing — contractual or discretionary, what it costs each year, and whether it passes to your eventual buyer.
The honest cost of holding it
A non-citizen normally pays an alien landholding licence of 10% of the purchase price. Buyers of approved citizenship real estate at the program minimum are generally exempt, but that is a carve-out, not an automatic feature of your contract. Where it does not apply, budget that 10% plus roughly 1% stamp duty and about 2% in legal fees, with 15% VAT on the legal component. Grenada's 15% property transfer tax is a vendor-side tax on a non-national seller — a cost of selling, not buying.
The annual service charge, reserve fund, buildings insurance and property tax are not published for this collection. Those four lines decide whether the apartment is comfortable to own long-term; ask for the budgeted figures, whether the charge is capped, and who sets it after handover.
This property qualifies for the Grenada Citizenship by Investment program.
More in Grenada.
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One-Bedroom Residence, Hilton Condo Residences, Grenada
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Two-Bedroom Residence, Hilton Condo Residences, Grenada
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Penthouse, Hilton Condo Residences, Grenada
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Studio Residence, South Coast Beachfront Condos, Grenada
A 398 sq ft studio residence on Grenada's south coast, US$360,000 — the most accessible entry into the collection.
Interested in Two-Bedroom Residence (144 m²), South Coast Beachfront Condos, Grenada?
Book a private call with Dan to explore availability, ownership options and eligibility.
Book a Private CallDan Merriam & Associates acts for the buyer. Our advice is independent, not contingent on any sale, and we hold no brokerage or developer mandate.
Frequently asked questions
Does this qualify for Grenadian citizenship?
Under S.R.O. 15 of 2024 a sole buyer needs a minimum of US$350,000 in an approved project; the US$270,000 figure is a per-share minimum, available only where two or more people jointly buy a unit in the tourism accommodation priority sector valued at a total of US$540,000 or more. At this price there is headroom against the sole-buyer floor, but qualification is decided at unit level and at the price you actually pay net of any incentive, so get it confirmed in writing and check the project on the government's approved-projects register in the week you sign. If you are a US citizen, note that a second passport changes nothing about your tax position — the United States taxes citizens on worldwide income wherever they live.
What does the citizenship application cost on top of the property?
A non-refundable government contribution of US$50,000 on the approved-project route, covering a main applicant and up to three dependants, with US$25,000 for each additional dependant and more for certain categories of dependant. Per-person fees sit on top: US$1,500 application, US$5,000 due diligence and US$1,500 processing for each applicant aged 17 or over, US$500 processing for each child under 17, and a US$1,000 interview fee for each person 17 or over.
Can I rent it out?
It is offered as an income-producing asset, but I will not publish a yield — no source I would rely on gives one for this collection, and a projection from the party selling you the apartment is a sales tool. Establish the management split, whether your unit sits in a pooled program, how many owner-use nights you get and whether Christmas and Easter are blocked, who funds furniture replacement, and whether tax is withheld on rental income paid to a non-resident owner. Treat a guaranteed return or buy-back as a question to investigate, not a feature.
How long must I hold it, and what is the catch?
Real estate bought under the program must be held five years if it is to be resold as a qualifying investment to another citizenship applicant; sold to an ordinary buyer it can be sold at any time after purchase. It is also off-plan, so ask for a delivery date someone is contractually accountable for and exactly how your deposit is protected if the schedule slips. And on 25 June 2026 the European Commission asked the five Eastern Caribbean citizenship states, Grenada included, to phase their programs out by 1 June 2028 with reinforced vetting by September 2026 — nothing is settled, but a build period plus a five-year hold runs your horizon straight through that date.