New 3-Bedroom Condos – MountBlu Estate, Cay Hill

New three-bedroom condos at MountBlu Estate, a gated development in Cay Hill, in the centre of the Dutch side. Each residence has about 188 m² (2,024 sq ft) on a single level, a private terrace with mountain views, split air conditioning and elevator access. Offered semi-furnished. Asking price US$725,000.

The Property

Living room, dining area and kitchen sit on one level and open onto the terrace, which looks over the landscaped common areas toward the hills. Floors are ceramic tile, and each room has split air conditioning. The seller’s description gives three bedrooms and three and a half bathrooms.

• 3 bedrooms, single-level layout
• About 188 m² (2,024 sq ft)
• Private terrace with mountain views
• Split air conditioning, ceramic tile floors, alarm system
• Assigned parking; offered semi-furnished

The Residence

MountBlu Estate is built in phases: six buildings in total, each with six three-bedroom condos, two per floor, which keeps the density low. Owners share a pool and a fitness room, with a gate, a security guard around the clock, camera surveillance and a backup generator. Because the estate is still being completed, ask us for the current status of your building and of the pool, and for the monthly fee, before you make an offer.

The Neighborhood: Cay Hill

Cay Hill and Little Bay form the central district between Cole Bay and Philipsburg, where the Dutch side keeps its hospital, its main private school and its university. Supermarkets and Philipsburg's shops are a short drive away, the airport is under twenty minutes, and Little Bay Beach is at the foot of the hill.

Owning and Renting

The seller’s rental estimate is US$44,000 to US$55,000 a year in gross income, a starting point before fees, insurance and management. Central Cay Hill suits long-term tenants who work at the hospital, the schools or in Philipsburg.

Buying

The sale goes through a civil-law notary on the Dutch side, with buyer closing costs of about 5.5% of the price, including the 4% transfer tax. For a new build, ask for the construction schedule, the warranty terms and the payment plan in writing.