Oil Nut Bay - Paradise Found
On the eastern tip of Virgin Gorda, in the coveted North Sound neighborhood of the British Virgin Islands, lies a place where life is spent in perfect harmony with the ocean tides. Where world-class architecture rests against a backdrop of white sandy beaches, rolling hills and consciously preserved terrain. Spread across 400 exquisite acres and entirely surrounded by the Caribbean Sea, Oil Nut Bay is a luxury, multi-generational community offering freehold property ownership and vacation villa rental in one of the most beautiful places on earth. Accessible only by water or air, Oil Nut Bay is an exclusive, protected paradise for those seeking somewhere safe, stable and settled in this upside down world to call home.
There are countless spectacular locations across the world dotted with indulgent escapes. What truly sets Oil Nut Bay apart from comparable properties? A couple of things.
A FEARLESS LEADER
After breaking his neck at 29 years of age the entire direction of David Victor Johnson’s life changed. In a matter of months, the Oil Nut Bay founder was transformed from being one of the most prolific single-family home developers in the Midwest to a man committed to creating unique generational communities in harmony with nature – one of a kind, one at a time. David and his wife Pam sailed to 13 countries in six years on epic, Caribbean-wide search for the ideal locale for his 40th development, grand finale and final home. Johnson has written his own rule book and in doing so set a standard that has paved the way for fellow out-of-the-box thinkers and creators, people committed to organic design, sustainable living, the honest and respectful use of natural materials and their placement in the landscape. His pièce de résistance is Oil Nut Bay and there is absolutely nothing on earth quite like it.
“DIVERSITY IS THE MAGIC”
So claimed late Cultural Historian Thomas Berry. “The greater the diversity, the greater the perfection”. We could not agree more. One of the many things that sets Oil Nut Bay apart from comparable luxury properties is its varied topography. The entire 400 acres are meticulously divided into several distinct neighborhoods, each with their own identity, atmosphere and mood. From Beach to Ridge, Peninsula to Boulder, Marina to Estate, each community within the community possesses something unique to offer every prospective homeowner and his or her singular vision. When one dreams of owning a home in the Caribbean it makes sense that one’s imaginings include an oceanfront property that enjoys immediate door to shore access. But we challenge you to stand on the dramatic bluffs of our southern shores with the waves thundering beneath you, or in the stillness of the rolling hills that encompass our Estate Lots where peace, privacy and repose take center stage, and not be just a little torn as to which you love the most.
Yes, such a thing exists. Building your dream home at Oil Nut Bay is, hand on heart, absolutely not the daunting undertaking that many perceive it to be. Oil Nut Bay’s dedicated Construction company, O’Reilly Consulting & Associates (ORCA), has over a decade of experience working under the guidance of David Johnson. No company has a better understanding of the property’s development process, nor a more established relationship with the finest contractors in the territory. As their sole client, Oil Nut Bay is offered unparalleled service from ORCA and an ORCA Project Manager remains onsite for each and every project. Clients who chose to work with ORCA are able to swerve the roadblocks often associated with building in a foreign country and move through the experience with relative ease. ORCA’s work can be seen throughout all resort core amenity sites, as well nearly every completed villa at Oil Nut Bay. Choose to use your own dream design or one of Oil Nut Bay’s existing plans, each of which is fully customizable. You may also decide to work with one of Oil Nut Bay’s preferred international architects, interior designers or landscape architects, or select your own team with which to partner. Whatever you prefer. Your island. Your canvas. Your home.
POLITICAL AND ECONOMIC STABILITY
The BVI is more than just a pretty face. It is an ideal offshore jurisdiction in which to establish a business or private interest. Underpinned by a thriving tourism sector and prosperous offshore financial services center, it features one of the most affluent economies in the Caribbean. With close ties to the US, UK and US Virgin Islands, the fact that the BVI has retained a certain dependency on its formal colonial powers affords it stability with a US-Dollar based economy and no exchange controls. There are also no restrictions on the movement of dollar funds into or out of the country. Investors are drawn by the country’s political stability, tax neutrality, low inflation, respected legal system and effective regulatory framework.
A LOW-TAX REGIME
The BVI has long been referred to as a “tax haven” – a label the BVI government takes some pains to avoid lest investors look upon the jurisdiction as a place of tax evasion as opposed to tax avoidance. The latter is legal, the former most certainly not. The BVI is a low-tax jurisdiction offering freedom from income, corporate and personal tax. In addition, there is no withholding tax, sales tax, value added tax, capital gains or transfers tax, estate duty tax, inheritance or succession tax. Property taxes are nominal. Land tax at the rate of $50USD is due to the BVI government annually for any acreage under half an acre. $150USD is charged for the first half to one acre; $50USD for an additional acreage thereafter. House tax is levied annually at the rate of 1.5% of the assessed annual rental value. In practice, annual house taxes will generally be less than $1,000USD for a standard two- to three-bedroom home.
A NEW WORLD ORDER
The BVI was made for post-pandemic travel and investment. Prospective homeowners are now seeking out more remote locales. Ones that occupy spectacular natural surrounds and foster family, wellbeing and meaningful connections with both humankind and the fragile, very beautiful planet upon which we live. The ongoing necessity of remote working and learning will demand that these off-the-grid destinations provide seamless, ceaseless connectivity to the outside world. Oil Nut Bay has such specifics in spades. The property can be reached without having to set foot on a commercial carrier – via a private flight into one of two nearby international airports followed by either private helicopter, seaplane or boat charter directly to our arrival dock and then on to your own secluded villa featuring private amenities, abundant and expansive grounds, and an attentive, sensitive staff.
Why else should you make Oil Nut Bay your home? Because you can. Because we care. Because investing in environmental integrity, sustainability and a vision that is good to the land and its people is a powerful legacy to leave.