Land Prices in St Lucia Caribbean
Land prices in St. Lucia have been impacted by several key factors, including the Citizenship by Investment Program (CIP) and significant real estate developments like Canelles Resort, Pearl of the Caribbean, and Cabot Saint Lucia Golf.
Residential and agricultural land prices in St. Lucia have seen fluctuations in recent years, particularly in areas connected to CIP developments. For example, in Vieux Fort, land prices are between USD $8 to $15 per square foot, and they are expected to rise as the Pearl of the Caribbean project progresses.
With developments such as the Canelles Resort offering investments starting at USD $300,000, St. Lucia has become a sought-after destination for real estate investors. The introduction of high-end properties in St Lucia has led to anticipated increases in property values, with forecasts of residential property prices potentially rising by 20-30%.
Additionally, foreign investors benefit from tax exemptions and other incentives when investing through the CIP, further encouraging real estate purchases.
These developments, alongside growing international interest, are positioning St. Lucia’s real estate market for significant growth in the near future. Join Caribbean Property Forum!
| Area | US$ per square foot. | More Info. | |
| Millennium Heights | 8.15 | Located near Castries, this land is priced at $22 XCD (approx. $8.15 USD) per square foot, making it accessible for those interested in residential plots in a prime community | |
| Canelles Estate, Micoud | 6.62 | Nearby properties with stunning sea views are available at $6.62 USD (approx. $18 XCD) per square foot, a bit higher due to scenic vistas and investment potential for future development | |
| Cap Estate | $8.23 to $30.00 | Known for its high-end developments, Cap Estate has options starting from $8.23 USD per square foot, attracting those interested in luxury residences and tourism development | |
| Cap Estate | Sea Breeze Hills | $9 to $14 | |
| Cap Estate | Sea Breeze Heights | $20 to $30 | |
| Laborie | $6 to $10 | In the south, Laborie offers more affordable options, with prices from USD $6 to $10 per sq ft. This area is popular for its serene coastal atmosphere and proximity to Vieux Fort and local beaches | |
| Marigot Bay | $7.50 to $35.00 | Known for its premium locations and marina access, land in Marigot Bay is priced higher, with plots generally starting at EC$20 to EC$35 per square foot. Smaller lots closer to the marina and bay views may command even higher prices due to their desirable location and tourism appeal.
Land have been sold for US$55 |
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| Trouya | 11.5 | ||
| Dennery | $4 to $6 | Land in this area is available for around EC$14 to $18 per square foot. These lots are often in gently sloping locations with easy access to nearby highways | |
| Choiseul | $2.8 to $8 | Choiseul lands are available at lower rates, around $2.80 USD per square foot. This area appeals to buyers looking for peaceful, scenic plots | |
| Vieux Fort | $4 to $12 | Prices vary widely in Vieux Fort, ranging from EC$6 to EC$8 per square foot in various locations , with smaller lots available in areas like Pierrot. More upscale locations, such as Savannes Bay, have larger lots for EC$25 to EC$35 per square foot, depending on the specific development and proximity to the coast | |
| Soufriere | $6 to $20 | Large parcels, particularly those with development potential, range significantly, especially with properties boasting views of landmarks like the Pitons. Prices can vary but are generally set based on the lot’s development potential and location. For example, a 23.5-acre parcel is available for approximately USD $1,482,000, which equates to around EC$3.60 per square foot in undeveloped areas | |
| Rodney Bay | $10 to $200 | A sought-after location for both residential and commercial land, Rodney Bay often has prices ranging from EC$40 to EC$500 per square foot, with premium properties by the marina and beach reaching the higher end due to their accessibility and views | |
| Bonne Terre | $6 to $10 | Located near Rodney Bay, land prices here typically range from USD $6 to $10 per sq ft, depending on the proximity to amenities and the type of development allowed | |
| Castries | $4 to $200 | Prices in different parts of Castries vary. For instance, Union has lots priced at around USD $5.99 per sq ft. Forestierre, also near Castries, offers land between USD $3.37 and $4 per sq ft, reflecting accessibility to essential services and the view offered from the property | |
| Monchy | $3 to $8 | Positioned near Gros Islet and about 15 minutes from Rodney Bay, Monchy has land available between USD $3 and $5 per sq ft, with gentle slopes and utilities nearby. This area is popular for residential development due to its quiet, rural setting | |
| Anse-La-Raye | $4 to $8 |
