The Crane Private Residences: A Smart Investment

Crane Resorts, developer of the historic Crane Resort, has announced that phase one of its new residential community – The Crane Private Residences – is sold out, with only a few residences remaining for sale in phase two.

The contemporary-styled and generously scaled residences have proven to be popular among both Barbadians and non-nationals seeking a second home or investment property in one of the island’s most desirable resort communities.

“We are thrilled with the response to our offering of a unique resort lifestyle on Barbados’ naturally beautiful South-East Coast,” said Annmarie Thompson, Chief Marketing Officer, Crane Resorts. “Perfect for long-term island living, The Crane Private Residences combine all the best features of typical condo units with the unique advantage of being surrounded by a full resort community. Being located within The Crane Resort offers our owners the option to spend time with other guests from around the world when desired, while enjoying access to all resort amenities and services, including service on the world-famous Crane Beach.”

Since its launch in winter 2015, phase one of The Crane Private Residences has attracted investors from over six countries, from as close as neighbouring Trinidad & Tobago to as far as New Zealand. Owners are lured by the advantages of Barbados’ Special Entry and Reside Permits (SERP) for High Net Worth Individuals (HNWIs); the above average opportunity for capital gains; and rental-income opportunities provided by a strong tourism sector.

Spread over five acres, on completion the master-planned community will feature five residential buildings with spacious two-bedroom (1,916 sq. ft.) and three-bedroom (3,619 sq. ft.) homes. Ground floor residences each boast a large private pool and garden, while penthouse units include a private roof terrace with dining gazebo, rooftop swimming pool and broad, panoramic coastal views.

Custom designed interiors by W Design Studio pair crisp white furnishings with a soft, coastal palette, with all units featuring large, airy, kitchens, elegant natural stone bathrooms with large soaker tubs and private patios. The Crane Private Residences also include underground parking and an elevator leading directly into the foyer of each residence, a rarity for Caribbean properties.

With phase one now complete and welcoming owners, ownership in phase two of The Crane Private Residences is still available for a limited number of astute investors. A developer-operated rental and property management service, backed by decades of experience in hospitality and short-term rentals, offers investors the opportunity to generate significant rental income with the assurance that their residence is maintained throughout the year.

Pre-construction prices start at US$348 per square foot, approximately half of comparable luxury oceanfront real estate in Barbados.

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