🇻🇨 St. Vincent & the Grenadines · None-Approved

Mount Pleasant Estate Home, Bequia

Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
Mount Pleasant Estate Home, Bequia
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Mount Pleasant is a completed, architect-designed house above Friendship Bay on Bequia, held freehold on 1.13 acres at about 600 feet, on a no-through road with three neighbouring houses. It suits a buyer who wants a private house on a quiet island and is willing to run it as one: no rental pool, no service charge, no management wrapper. It does not suit anyone whose real objective is a second passport — St Vincent and the Grenadines operates no citizenship-by-investment program and no residency program tied to real estate.

What you actually own

Freehold title to the land and the building — not a lease, not a share in a company that owns a resort around you. The house is roughly 10,000 sq ft, designed by British architect Jake Edgley and shortlisted for the World Architecture News Awards, arranged around a central infinity pool. Seven bedrooms: five in the main house, one in a self-contained guest wing with its own kitchen and terrace, one in a separate apartment — so two of the seven come with their own front door. Two items carry real value here: 32 solar panels that feed back to the grid, and 130,000 gallons of rainwater storage. “Turn-key” describes the decor, not the contract — get a scheduled furnishings inventory annexed to the sale agreement, and have your attorney read the covenants and rights of way on the title.

The licence, and the honest cost

Foreign buyers need an Alien Land Holding Licence, approved by Cabinet — a condition, not a formality. It goes through a local attorney with a valuation, bank and police references and a non-refundable EC$2,500 fee; the Government puts the sale-agreement stage alone at about three months. The 2022 removal of the long-residence exemption means older advice about Commonwealth citizens or a local spouse no longer holds. On costs: 5% stamp duty for the buyer, a licence fee quoted at 6–7%, legal fees up to 2%, and all-in closing costs published at 13–16% — a US$118,000 spread at this price. Annual property tax is assessed on annual rental value rather than capital value; 5% is the figure one guide gives for the Grenadines, indicative until you see the assessment. Insurance and staffing are yours to price.

Price$3,950,000
Bedrooms7
Bathrooms7
OwnershipFreehold
StatusCompleted
None eligibleYes

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Dan 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

What will it cost me to buy?

Published closing costs run 13–16% of the price: 5% stamp duty on the buyer, an Alien Land Holding Licence fee quoted at 6–7%, and legal fees up to 2%. Budget at the top of that range, and have your own attorney quote the licence fee in writing before you commit.

What does it cost to hold?

Annual property tax is assessed on annual rental value rather than capital value, with 5% quoted for the Grenadines in one buyer's guide. There is no service charge because there is no development attached. Insurance in the hurricane belt, staffing and maintenance are the unknowns — ask for the current policy schedule, the last three renewal premiums and what the owners actually spend.

Can I rent it out?

The layout supports it: the guest wing and the separate apartment can be let independently of the main house. But there is no published nightly rate, occupancy history or net income figure, so make disclosure of two or three years of booking records and net statements a condition of your offer.

Does buying it give me citizenship or residency?

No. St Vincent and the Grenadines runs no citizenship-by-investment program and no residency route tied to property — you get a house and the land under it, nothing more. US buyers should also note that US citizens are taxed on worldwide income regardless of where they live or what second citizenship they hold.