Anguilla – A Market Snapshot

Location: Northernmost in the Leeward Island chain, British West Indies; 1,213 miles from Miami.
Size: 40 square miles
Population: 10,300
Currency: East Caribbean dollar
Getting there: Commercial flights to Wallblake Airport from San Juan, Puerto Rico, 200 miles away; ferries and charter boats also run from nearby islands like St. Maarten.
Big event: Anguilla Day, celebrating the beginning of the Anguillan Revolution on May 30, 1967. Boats race around the island, and people hold bike and tennis competitions.

The Emerging Caribbean Market Snapshots

• Antigua
• Canouan
• Great Exuma
• Scrub Island

Pros: Unlike bustling Antigua, this island doesn't have big towns, shopping districts, or mega-yachts parked in the harbor. More typical are low-key activities like church garden parties and swimsuit competitions. Taxes are generally based on consumption, not income.
Cons: There's only one golf course, and shopping consists mostly of boutiques selling high-end goods like cigars, art and wine. Foreigners who buy land must pay a 17.5% tax, according to Benjamine Group of Companies Ltd., an Anguillan-based commercial and legal-services group.

HOT PROPERTY: Viceroy Resort and Residences
Developer: Kor Hotel Group, Los Angeles
What's planned: Although it's currently in the bulldozer stage, the 36-acre resort's sales office opened in May. Twenty-three of 35 planned four-bedroom, four-and-a-half bath villas, ranging from $5 million to $7 million, have sold, as have 65 of 99 condos, ranging from $850,000 for studios to $3.2 million for three-bedroom units. Six town houses in the $4.5 million to $5.5 million range will soon be put on the market, too.
Design: Contemporary inside and out -- gray siding and white trim, and ultra-modern furnishings, the company says. "There will be no wicker at all," says Guy Famiglietti, a spokesman for the developer.
Amenities: Private chefs, nanny service and yacht-chartering services, as well as a pool, tennis and spa services
Comments: The company says that condo owners who stay in their homes more than 60 days in high season, plus 30 days in the off season, must pay a tax to the Anguillan government for each additional day that they stay. The tax is 10% of the resort's daily rental rate, which is projected to run from about $800 to $7,500 a night.

Related Links:

• The Government of Anguilla
• Anguilla Chamber of Commerce & Industry
• Anguilla Tourist Board
• Radio Anguilla, 95.5 FM
• The Anguillian

Write to June Fletcher at june.fletcher@wsj.com