MAHOGANY RUN CONDOMINIUM The Mahogany Run is a little Village Mediterranean style, typically located in a way to allow Buildings at different levels and providing for such unique design. The condominiums complex gently slopes to the beach in seven different levels, they have different designs, some built in 2 floors, and some have private gardens. It was built using the finest grade materials with all the furniture and building material directly imported from Italy. The condos are self contained with Bedrooms, living room, kitchen fully equipped, A/C, a terrace and/or garden. The view from the condos is one of the unique features of this property. The sight of the Morne Rouge Beach and the Caribbean Sea are truly incomparable in the entire Island. Morne Rouge Beach: its name is linked to the enchanting spectacle in the sunset when the entire Bay seems to be a reddish-colored glow. Its white sand, calm crystal water makes this beach popular and ideal for swimming and snorkeling over the Bay reef. Its location is ideal; with five minutes walking you can reach all the amenities like Shopping Mall, Supermarket, Banks, Police Station, Pharmacy and so on. To the same distance of five minutes walk is located Grand Anse Beach wonderful and very famous, popular beach. Mahogany Run Condo is surrounded by gardens that include a big variety of tropical palms, plants and flowers. The structure is considered one of the landmarks of the Island. available Condo are :# 11/12  two bedrooms apartment, both bedrooms are fully equipped with A/C and bathrooms.  The masterbedroom is prolonged with a private covered terrace with a breathtaking view of the beach.  The very spacious livingroom is ideal for relaxing, it has a sofabed that can accomodate another two (2) people. This apartment has a square footage of 1167 with the landscape area being 89 sq ft and building area of 1078 sq ft and 8.92% of the property.  The monthly maintenance fee for this apartment is $703.79 ECD and quarterly (3 months) $2111.37 ECD. (US$1=$2.6EC). This apartment is being sold for US$410,000. our carnival sale until the end of August 2008 will be US$385,000 Condo #1 is a one bedroom turnkey apartment and is located on the top level of Mahogany Run. This apartment features a comfortable living area where is located a sofa that can be converted into an single bed , the kitchen is fully equipped including Micro, toaster, blender and washing machine. The bedroom is spacious with A/C to a bathroom with shower which is tiled with first class Italian ceramics. The extended exotic long private balcony can be accessed from the bedroom or living room by separate accordion windows and it has a beautiful view of the Morne Rouge Beach, this area of the apartment can also be used sunbathing, relaxing or private dining. The unit being located on the road level and it has a very easy access furthermore it is a one floor apartment with no steps in the unit, this apartment has a square footage of 977 with the landscape area of 327 and 650 building area and 7.48% of the property.  The monthly maintenance for this apartment is $590.17 ECD and $1770.51 ECD quarterly (3 months). This apartment is being sold for  US$235,000. our carnival sale until the end of August 2008 will be US$220,000. Requirement for purchasing a property. A) Government property transfer tax equivalent of 10% of the sale amount must be paid. B) Attorney fee, generally is between 2% and 5% of the sale amount. C) After signing the agreement for sale, you must get the alien license from the Government of Grenada for becoming the owner of that particular property.  The process takes 3-4 months.  The documents required to apply for the alien license are: police certificate, character reference from a friend, stamp duty is 1% of the agreed purchase price.  The alien license gives you residency rights. D) When the license is granted, the deed will be signed. Now is the right time to invest in Grenada, not only because Grenada is one of the most beautiful island in the Caribbean, with great beaches, great infrastructure, a low crime rate and hospitable people which is enough, but there is more.  May 5, 2008, an article on Fin 24 shows the result of the 2008 Annual Wealth Report released jointly by Knight Frank and Citi Private Bank which shows the top 10 property hot spot: one of those is Grenada.  The report says that this location is not fully exploited.  It has a stable economic and political environment and compare favourably with the high prices demanded in the UK, Europe and US.