Shekvetili: a residence in the pine forest by the sea
The beach club is built and working. The residential blocks are not in this frame: they are going up in the pine forest behind it.
The unfinished apartment earns more
Most buyers assume turnkey is the safer bet. In this project the arithmetic says otherwise. A studio you finish yourself costs less to enter, pays back almost three years sooner and returns nearly five points more per year than the same studio delivered ready.
Studio, Block A · turnkey
Delivered furnished and equipped, August 2027.
Studio, Block B1 · green frame
Shell plus your own fit-out, 2027.
Both calculations are the developer’s model for specific apartments: a turnkey studio in Block A and a green-frame studio in Block B1 at $103,660. The payback and IRR figures do not apply to the entry price of $67,950 (a 30.2 m² green-frame studio, handover 2029) from the developer price list of 5 October 2026.
The full table
Swipe the table sideways →
| Type | Investment | Daily rate | Profit / year | Payback | IRR |
|---|---|---|---|---|---|
| Block A · turnkey · August 2027 | |||||
| Studio | $124,164 | $100 | $13,140 | 9.4 yrs | 10.6% |
| 1 bedroom | $250,616 | $200 | $26,280 | 9.5 yrs | 10.5% |
| 2 bedrooms | $359,224 | $300 | $39,420 | 9.1 yrs | 11.0% |
| Blocks B1 and B2 · green frame plus fit-out · 2027 | |||||
| Studio | $103,660 | $120 | $15,768 | 6.6 yrs | 15.2% |
| 1 bedroom | $160,780 | $150 | $19,710 | 8.2 yrs | 12.3% |
| 2 bedrooms | $239,460 | $200 | $26,280 | 9.1 yrs | 11.0% |
All figures assume 60% occupancy and are supplied by the developer. Profit is shown after the 40% management fee and before the monthly service charge of $2 per m², taxes and vacancy between guests.
You do not need a Georgian mortgage
Foreign buyers rarely qualify for local lending, so the developer lends instead. Twenty per cent down, the balance across construction, or an instalment plan of five to ten years at 8.5% per annum. Pay more up front and the price comes down on a fixed scale.
Discount for a larger deposit
Applied to the purchase price.
What sits behind the numbers
Five blocks, 1,120 apartments, delivered between August 2027 and December 2029, on the Guria coast where the pine forest meets the Black Sea. Studios start at 26.2 m².
A beach club of a world-famous brand operates on site. A brand like that does not licence its name widely, and for a buyer who has never heard of Shekvetili it is the first familiar thing on the page.
An independent memorandum on the project has been issued by one of the largest real estate advisers in the world. An outside valuation answers the question a foreign buyer asks first: who says this is worth the money, other than the people selling it. We send the adviser’s name and the memorandum itself on request.
Rendering by the developer. There is no photograph of a finished interior yet: the blocks are still being built.
The blocks
The club in the summer of 2026: the pool from the air and the restaurant terrace.
Top prize in its category
An international jury judged the project against mixed-use schemes worldwide, not a regional shortlist. For a buyer weighing Georgia against Spain or Turkey, a prize decided outside the country carries more than any brochure claim. We name the award and show the certificate on request.
One frame here is a rendering of the complex at dusk. The rest are the site as it stands today: block A from the air in September 2026, and next to it the same beach club a year earlier, while its slabs were going up. No renderings in those three.
A rendering of the complex at dusk, not a photograph.
Block A in September 2026: the frame is up, the sea is three hundred metres away through the pines.
On the right, the beach club a year earlier, while its pavilions were going up.
Entry prices by apartment type
Lowest price in each type from the developer price list of 5 October 2026. Green frame means the shell without finishing; you add the fit-out yourself.
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Studio
green frameFrom $67,950. 30.2 m², floor 2, handover 2029. Turnkey studios start at $96,720 (26 m², handover 2027).
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One bedroom
green frameFrom $128,380. 52.4 m², floor 6.
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Two bedrooms
green frameFrom $159,300. 70.8 m², floor 2.
Apartment types in Shekvetili
Apartment types from the developer price list: area, starting price and how many are for sale now. Tap "I want this type" and we will send matching apartments with floors and plans.
Eight seconds over the site
Everything below is already open and in use, not just on paper. This is separate from the walking-distance list below: it is what is inside the grounds themselves.
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own access to the beach
A direct path from the buildings down to the beach, already in use: the walk in the photo above is the whole distance.
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beach club pool
The pool of the beach club, already open, for swimming without walking down to the sea every time.
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restaurant terrace by the sea
A restaurant with a terrace right by the water, already open, for a meal without leaving the club.
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pine forest on the grounds
A pine forest on the site itself, between the buildings and the beach, already there and part of the walk down.
4 minbeach- 5 mincafés
- 12 minpark
- 18 minbus stop
- 19 minATM
- 19 minshop
- 40.2 kmBatumi airport
OpenStreetMap data, walking times are an estimate.