Caribbean MLSReal Estate

Residential Land Lot

Not published

The brief

The reason to consider it.

Oversized level lot with amazing 270-degree views of the water and the British Virgin Islands chain. Paved roadways and underground utilities are in place. This building site must be seen to experience the special qualities it offers. Subject to CCR’s, but no HOA and subject to an Easement, Road and Electrical Sharing Agreement with annual dues to Privateer Bay Homeowners Association.

Last confirmed

Type
Land
Land
59,611 ft²
Zoning
R-1Residential
Topography
flat
Build ready
No
Subdivision approved
Yes
Water
Yes
Electricity
Yes
Mains drainage
No
Internet
No
Permitted uses
Single family

What this listing includes

  • Ocean view

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