Is Barbuda the next St. Barts?
It’s the kind of question that requires a plentiful off-shore bank account just to ask.
But from the City of London down to Wall Street, asking it they are.
Perhaps the best argument from the “ayes” is Barbuda Ocean Club, a rum-soaked, 764-acre Garden of Eden down on a little peninsula known as Coco Point, which is rising from the rubble of Hurricane Irma in 2017.
“I think it will be like St. Barts but from a private resort standpoint,” said Mike Meldman, a co-founder of Casa Migos tequila as well as the founder of Discovery Land Company, the project’s developer. “It will be like if you made St. Barts private and really limited to the people who go there. It will be much more intimate. You won’t have the people that are just there for a few days to drink rosé.”
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Composed of 495 residences (175 of them oceanfront) surrounding a central beach club and spreading over to the neighboring area known as Palmetto Point, Meldman hopes to create a utopia on a scale the small, mostly undeveloped island has never before seen.
It’s one of 26 luxury communities now built under the Discovery banner.
There will be an airport large enough to accommodate flights from as far away as London — everyone flies private here.
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There will be a sea-view golf course to anchor the community — for now you can chip “fish food” golf balls into the ocean from the super chic clubhouse.
There’s extreme water sports, but also a soothing spa. It’s a community that has taken a you-name-it approach to the high life but admission will cost you. Land starts at $3 million and prices for a built home rise to … “you name it.”
Moreover, unlike basically every other Caribbean real estate venture, the Ocean Club will not support a resort or hotel — and that’s the way its owners like it.
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This is a place where masters of the universe let down their hair, where wild horses drink straight from the pool, where sea turtles flap their flippers right along the shore and where Thursday nights can rage until 2 a.m. at the bar. Why gamble with the uninitiated?
Better still when the development fully opens in the next year or two, these ground-floor buyers are all hoping to make a bundle on their deals as the area attracts even wealthier players.
This content continues in the New York Post.