Caribbean MLSReal Estate

Residential land lot in Peter Bay Estates

Not published

The brief

The reason to consider it.

‘Rum Point’ - Estate Lot with Panoramic Views

This exceptional home site, known as ‘Rum Point’, offers breathtaking panoramic views of the British Virgin Islands. The sale includes a topographical survey map and preliminary drawings by Architect Michael Oxman for a lavish 6-bedroom villa.

The gated community of Upper Peter Bay is situated within the National Park on the North Shore. The infrastructure features landscaped paved roads with underground utilities. Located just minutes from the most beautiful beaches in the Caribbean, including Peter Bay, which is at the foot of the hill.

Additional Information:

  • Easements: Of record
  • Road Assessment Year: 0.00
  • Zoning: R-1 Residential
  • Grade: Moderate
  • Waterfront: No

Amenities:

  • View: British Virgin Islands, North Shore, Panoramic, St. Thomas
  • Fees and Taxes: Tax Year: n/a

Last confirmed

Type
Land
Land
32,668 ft²
Zoning
R-1 Residential
Subdivision approved
Yes
Permitted uses
Single family

What this listing includes

  • Ocean view
  • On-site security
  • Gated community

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