0.7 Acre Lot For Sale In Hannah's Rest, US Virgin Islands
Not published
8 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
RARE, B-3 (BUSINESS) parcel, can also be developed as residential. See US Virgin Islands Code, Title 29, for B-3 ”Uses as a Matter of Right.”
Originally a “palatial home with a pool. There is a damaged residential building/slab on the property that may be reconstructed or demolished by the Buyer.
Last confirmed
- Type
- Land
- Land
- 30,494 ft²
- Zoning
- B-3
- Permitted uses
- Residential, Business
What this listing includes
- Pool
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
Cost of entry
The asking price is not what it costs.
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