Stock market gyrations and credit worries apparently haven’t yet rippled down to developers in the Caribbean, where one French West Indies resort announced it was selling a new round of villas for €5 million, or roughly $7 million, each.

Last week, La Samanna on St. Martin rolled out plans for eight 4,600 square foot villas that sit next to the 81-suite La Samanna hotel, where room rates start at $995. One villa is complete with four additional residences set to be ready in time for the Christmas week rush. Three more will roll out in the Spring.

These oceanview homes have the requisite large outdoor living spaces, framed with an alfresco dining room and shower, wrap around terrace, and swimming pool. Homes have three- or four-bedrooms, large kitchens and a cabana on the beach, staffed with a personal butler during the holidays. Airport pick-up is complimentary and the resort can also arrange for a full-time cleaning staff or nanny.

Understandably, a $7 million villa simply might not be in the cards now for even the most cash-flush buyers, but La Samanna is betting that travelers won’t ditch vacations even if they are shying away from real estate. Unsold Villas (none have been scooped up yet) will be rolled into the resort’s rental pool. Price tag? $8,500 a night during the holidays. Book a reservation after Jan. 2 and the nightly winter rate drops by $2,000.