Tower Isle

Tower Isle, just east of Ocho Rios on the Saint Mary border, is a beachfront strip anchored by resort-style condo communities and the iconic Couples Tower Isle resort. Its calm sands and managed condo schemes make it a favorite for foreign buyers seeking turnkey vacation units with reliable short-let programs and easy access to the Ocho Rios attractions. The investment case centers on rental yield. Beachfront and near-beach condos run from roughly US$200,000 to US$500,000, around US$280-$400 per square foot, with gross short-let yields of 6-8% in strong years. Appreciation has tracked about 5-6% annually. Foreigners purchase freehold with the standard 2% transfer tax and legal fees of 1.5-3%; strata fees should be netted into returns.

Tower Isle in Ocho Rios, Saint Ann Parish, Jamaica