One of the world’s best kept secrets...Discover a new paradise with each visit.
Developer David V. Johnson spent fifteen years touring the world before concluding that the stunning beauty and political stability of the British Virgin Islands (BVI) made this location perfect for his luxurious, multi-generational family community. Oil Nut Bay is unique in the BVI for traditional deeded ownership of land (freehold ownership).
The BVI is comprised of 50 islands and cays in the Caribbean Sea and is well known for its world-class sailing, wonderful people, high standards of living, political stability, natural beauty and tax benefits to non-residents.
- The year-round climate is balmy with relatively low humidity. Temperatures are moderated by trade winds and rarely drop below 77º F (25º C) in the winter, or rise above 82º F (28º C) in the summer.
- Rainfall averages 40 inches per year.
- The islands feature a rich mixture of spectacular topography. Anegada, the northernmost island, is formed from coral and limestone. Other islands, including Virgin Gorda, are mountainous, offering scenic vistas and views.
- Tortola, Virgin Gorda, Anegada, and Jost Van Dyke are the largest islands.
The pristine waters and breezes of the North Atlantic Ocean and the Caribbean Sea offer a playground for all boaters and an ideal setting for the world's best sailing and yachting.
Property on Virgin Gorda is at the high end of this real estate market, influenced by the halo effect of luxury destination resorts including Biras Creek Resort, Little Dix Bay created by Laurance S. Rockefeller, and Sir Richard Branson's Necker Island.
On the eastern tip of Virgin Gorda is a secluded treasure called Oil Nut Bay, named for the palms that bear the oil nut fruit used to create palm oil, as well as the spectacular secluded white sand beach and pristine bay.
Virgin Gorda Details
Home to Oil Nut Bay and Yacht Club Costa Smeralda Virgin Gorda, Virgin Gorda offers a lifestyle and ownership experience like no other. Its dramatic topography has lured visitors to discover the island's stunning beaches, quiet coves and unparalleled beauty.
Virgin Gorda has long been a prime destination for sailing and yachting enthusiasts. A sailor's paradise, its azure seas play host to protected anchorages and gentle breezes. In addition to being exceptionally beautiful, Virgin Gorda is:
- The third largest island in the BVI.
- 10 miles long and two miles wide.
- 12 miles east of Road Town, Tortola, capital of the BVI.
- Approximately 30 miles northeast of St. Thomas.
- 95 miles west of St. Barts.
BVI Details
The BVI is comprised of 16 inhabited and more than 34 uninhabited islands. Road Town, the capital and largest town, is situated on Tortola. The total population of the BVI is approximately 28,000, with 80% of the population residing on Tortola.
First settled by the Dutch in 1648, the BVI was annexed in 1672 by the English. The islands were granted separate colony status in 1960, and became autonomous in 1967.
The BVI is a self-governed, politically-stable country. It is considered among the premier real estate markets in the world. The BVI is also recognized around the world as a major offshore financial center.
A British dependent territory, the BVI includes many British influences. However, the prevailing cultural influences are more American than British.
- The currency is the US Dollar.
- The official language is English.
- The BVI is situated within the Atlantic Standard Time Zone, GMT-4.
The BVI features one of the most established and prosperous economies in the Caribbean. Tourism and financial services are the preeminent economic drivers. Additionally, because of the expanding economy, there is a low unemployment rate of approximately 3.3%. The GDP per capita was US$41,000 (2007), one of the highest per capita GDP in the region. There is no income, corporate or personal tax in the BVI. In addition, there is no withholding tax, sales tax, value added tax, capital gains tax, capital transfer tax, estate duty, inheritance tax, or succession tax. (Business BVI link: http://www.businessbvi.com/articles/fast-fact-guide/)