Caribbean MLSReal Estate

0.67 Acre Lot in Coral Bay, St. John

Not published

The brief

The reason to consider it.

Exceptional investment opportunity! Acquire 2 adjacent lots for the price of one. Parcels 1-1-B and 1-1 REM are zoned R-2, allowing up to 4 dwellings for multiple development possibilities as either a private residence, or for short-term and/or long-term housing.

Nestled in a tranquil, yet easily accessible section of Coral Bay. This is an easy downhill build on an elevated site that enjoys unobstructed, expansive valley views of lush, undeveloped hills. There is an existing electricity monument for parcel 1-1-A that is separately owned.

Last confirmed

Type
Land
Land
14,833 ft²
Zoning
R-2Residential
Topography
sloped
Permitted uses
Single family, Short term housing, Long term housing

What this listing includes

  • Ocean view
  • Parking

What people say about US Virgin Islands

Sources agree that the US Virgin Islands is simple to enter for Americans, since it is US territory, but costly to run once there.

  • Concern WAPA electricity is expensive and outages are routine; backup power is treated as standard
  • Concern Insurance is a hard market: higher premiums, large percentage windstorm deductibles, trouble for wood-frame homes; flood is separate
  • Mixed Closings are attorney-led, take longer than on the mainland, and need a USVI-licensed lender; surveys matter on irregular hillside lots
  • Mixed Condo costs are driven by windstorm insurance; check reserves and master policy before buying

Read what people say, based on 14 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law