Palmara Residences, Cole Bay - 1BR from $229,490

New-build one and two-bedroom condos at Palmara Residences, Cole Bay. From $229,490 with a flexible payment plan — the island's lowest entry point. Palmara Cole Bay Residences introduces modern Caribbean living in one of Sint Maarten’s most central and convenient neighborhoods. This boutique pre-construction development features 18 contemporary one- and two-bedroom residences arranged across two low-rise buildings, combining functional design with relaxed island comfort. Each residence offers open-plan interiors, modern finishes, generous private terraces, assigned parking, smart-access entry, backup generator service, and access to a shared swimming pool. Ground-floor units also include private garden areas, creating an appealing connection between indoor and outdoor living. With prices starting from US$229,490, Palmara is positioned for first-time buyers, vacation-home purchasers, and investors seeking rental potential and long-term value in a growing residential corridor. Buyers may secure a unit with a 10% deposit upon signing the Sales and Purchase Agreement, while the remaining 90% is payable at title transfer. Construction is progressing through 2026, with final inspections, completion, and handover currently targeted for the second quarter of 2027 for all completed residences. Sint Maarten Investment Benefit and Advantage: 0% Property Tax. 0% Capital Gains Tax. 4% Property Transfer Tax and 1.5-2% Notary fees.