2-Bedroom Dual-Income Investment Opportunity | Pelican Key
$325,000
Listing ID:
11130
This vintage condominium presents a rare opportunity to acquire a value-add property in the highly desirable Pelican Keyneighborhood of Sint Maarten.
Located within the well-known Cea Jae Haven complex, this residence stands out for its flexible layout and untapped potential. Offered in original condition, the property provides a blank canvas for buyers looking to renovate, personalize, or strategically reposition an asset in a market where fully renovated units dominate.
The layout is particularly compelling: the unit features two private entrances, allowing it to function either as one spacious 2-bedroom, 2-bathroom residence or as two independent units—a one-bedroom in the front and a studio in the back, each with its own kitchen. This configuration makes it ideal for dual rental income, owner-occupiers seeking flexibility, or investors targeting long-term appreciation through light renovation.
The apartment enjoys access to a shared swimming pool, landscaped common areas, and dedicated parking. With thoughtful cosmetic upgrades, this vintage space can be transformed into a charming Caribbean residence or a high-yield rental property in one of the island’s strongest rental zones.
This property stands out as a rare value-add opportunity in Pelican Key. With light renovations, buyers can significantly enhance rental income and long-term resale value. The existing layout already supports dual long-term rental income, making it particularly attractive in a neighborhood with consistent demand and limited supply.
Whether you are a first-time investor, an experienced renovator, or a buyer looking to design a personalized island retreat, this property offers a compelling combination of location, flexibility, and value-creation potential.
The Neighborhood
Pelican Key is a sought-after residential neighborhood on the Dutch side of Sint Maarten, offering a relaxed coastal lifestyle with a strong sense of privacy and comfort. Set along a scenic hillside overlooking the Caribbean Sea, the area is known for its ocean views, gentle breezes, and peaceful atmosphere.
Pelican Key is primarily residential, with a mix of private villas and low-rise condominiums, many enjoying sunset views and direct access to small beaches and snorkeling spots. While the neighborhood feels quiet and exclusive, it is just minutes from the vibrant energy of Simpson Bay, with its beaches, restaurants, marinas, and nightlife, making Pelican Key an ideal location for those seeking tranquility without sacrificing convenience.
Known for its strong rental demand and enduring appeal, Pelican Key continues to attract both residents and investors looking for long-term value in a prime island setting.
2-Bedroom Dual-Income Investment Opportunity | Pelican Key
Floor:
2
Rooms:
2
Baths:
2
SQFT:
1184
Price:
$325,000
Neighborhood:
Pelican Key, St. Maarten
Full Address:
57 Billy Folly Road, Pelican Key, Sint Maarten
AMENITIES:
2 bedrooms
2 bathrooms
2 private entrances
2 separate kitchens
Dual unit opportunity
Balcony
Shared swimming pool
Parking
Unfurnished
Property Features
Property Type
Condominium
Year Built
Cooling Type
Split
Flooring
Ceramic tiles
Property Type
Condominium
Garage
No
Parking Space
1
Pool
Common
View
Garden
Association Fee
$310 monthly
Appliances
Unfurnished
Architectural Style
Caribbean vintage
Exterior Features
Pool, Balcony, Garden
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Inquire about this property
Buying or Renting in SXM
When it comes to buying or renting real estate in St. Maarten and St Martin, Andreu Realty offers a secure and reliable experience.
0%
Property Tax
Maximize your investment potential with zero property tax in St Maarten.
0%
CapitalGains Tax
Sint Maarten offers zero capital gains tax, allowing you to keep 100% of your property appreciation when you sell.
4%
Property Transfer Tax
Secure your Caribbean dream home with just a 4% transfer tax on the Dutch side – significantly lower than most international markets.
1.5%
Notary Fees
Complete your property purchase with confidence – notary fees on the Dutch side are just 1.5%, ensuring a smooth and cost-effective closing process for your Caribbean investment.
2 Months
Security Deposit for Rentals
Protect your investment with peace of mind – our 2-month security deposit requirement ensures your property is safeguarded while generating reliable rental income.
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