The Setai- Pinel Junior Suite Indigo Bay Beach Condo For Sale
Description
Floor Plan For Dawn, Executive Suite 2 Bedroom Vie L’Ven (VLV SXM) now known as ultra-luxury 1-bedroom beachfront condo with highest return on investment for sale in Indigo Bay, St Maarten. You should buy all the Pinel Junior Suites at The Setai St Maarten; simply based on the Return on Investment. Pinel Junior Suite 1 bedroom condo for sale. 670 square feet of interior space with 1 bedrooms and 1 bathrooms plus outdoor terrace. Premium condo for sale with furniture, fixtures, and equipment (FF&P) available at additional cost. Return on investment: $74,876 per year (see below for calculations) Annual Owner Return: 8.9%. Offering you unrivaled Caribbean experience with prestige and luxury amenities within steps from your condo. Access to the incredible five star amenities is key to living at The Setai. Offering 0% Property Tax, 0% Capital Gains Tax, $74,876 return on investment every year and the benefits of Indigo Bay beach!! It’s a simple decision! Call Ritika on +1721-550-0555 or WhatsApp now. We have the full range of properties for sale at The Setai. Ultra-exclusive, beachfront with super private access to the beach for your complete isolation and peace. Ideally located in Indigo Bay, The Setai is a premium hotel resort with condo residences for sale in the Caribbean with luxury that has never been seen before. The Setai will occupy the entire beach in front of Indigo Bay, one of the most beautiful idyllic spots on St Maarten, with a plethora of world-class facilities to enjoy the natural beauty. PINEL 1 BEDROOM INTERIOR: 570 SQ.FT EXTERIOR: 100 SQ.FT TOTAL: 670 SQ.FT Signing – 1st Deposit: 9.85% = $81,235 Land Closing – 2nd Deposit: 28.64% = $236,250 Concrete Structure – 3rd Deposit: 17.73% = $146,250 Substantial Completion – 4th Deposit: 37.88% = $312,515 Handover of Condo To You – 5th Deposit: 5.91% = $48,750 Note: Based on stabilized ADR & occupancy in Year 5 post-hotel opening, after payment of land transfer tax, closing fees, FF&E, HOA, utilities & facility fees & expense cost sharing, with a 50/50 revenue split with hotel operator, and a 60-day owner usage. Returns assume purchase is completed in cash.) Condo SALES STARTED! The Setai features approximately 220 extraordinary condos in a broad mix of 1-bedroom, 2-bedroom and 3-bedroom suites; transforming the St Maarten experience into something this island has never seen. The beachfront development features a full-service five-star hotel with world-class restaurants, spa, fitness, concierge services and amenities. A new experience and energy infused by the celebration of vibrant cultures and indulgence of sublime luxury – all while preserving its natural beauty in the majestic conservation area of Indigo Bay. Crafted by a world-class team of architects, interior designers, and experts in the hospitality industry in order to create a destination like no other. The Developer’s family has been visiting St Maarten for over thirty years and The Setai is a way to give something to Sint Maarten that makes the locals proud of their home and heritage. Every single condo floor plan at The Setai is available on request! The Setai is a development in SXM due to start in 2026. Altree is one of Toronto’s premier condominium development company. It is already in its third generation having transformed the entire Toronto Skyline with landmark projects in the City of Toronto. Bringing this experience to St Maarten is part of the legacy. The Master Plan includes an arrival entrance, lobby lounge bar, main swimming pool, event lawn, spa, beach bar, adult swimming pool, residential swimming pool, private beach villas and a pier. Embrace signature living experiences that perfectly blends luxurious comfort with exquisite interior residential design. Offering 253 suites with fully furnished layouts to compliment your desired lifestyle ranging from 600 square feet to 6000 square feet. Outside you are surrounded by organic gardens with the option to add a private plunge pool. All The Setai condos come fully furnished in pristine style with access to amenities and services including discounts on Hotel facilities and food services. World class is a level of luxury synonymous with The Setai. Set on miles of pristine beach front, tucked into a conservation area – as the epitome of an oasis for pleasure, the resort experiences indulge its guests in both ambiance and experiences. Inspired by a quality of life, amenities include three-pools, boat access, gourmet restaurants, beachfront watersports, a world-class thermal spa, 24-hour concierge, pool bar, fitness centre, multiple pools, and a kids and teen club and many more. Additionally, the Setai condo hotel development is expected to feature large water ponds and greenery areas in keeping with its eco-centric vision, as well as an extensive public parking area for public beach access to Indigo Bay. Once completed, the proposed world-class hotel development will be managed by an internationally-recognized Setai management conmpany, which will lend itself to greater global recognition, the release said. FF&E (Furniture) Package: $75,000, Condo size: 670 square feet, Price per Square Foot: $1,231, ADR (Average Daily Rate) of $969 and Occupancy levels of 78% per year!, Estimated Yearly Net Revenue: $74,876, Owner Usage limit: 8 weeks per year, HOA Fees: $27 per square foot per year, Facility Fees: $2 per square foot per year, Unit Utilities: $3 per square foot per year, Expense Share: 15% of owner revenue, Revenue Split*: 50/50 with operator, Annual Owner Return: 8.93%, $74,876, Complete building maintenance, landscaping, & replacement reserves, Land lease and master foundation maintenance fees, Property, liability, contents, & business interruption insurance, Administrative expenses, Management fees, Telephone, satellite, internet, Resort security, Access to fitness & spa facilities, pool, beach, resort grounds, conservation areas & public areas, Resort grounds maintenance, garbage collection & landscaping, Valet parking, Use of golf carts, Airport transfers