Caribbean MLSReal Estate

16b-1 Fortsberg

Not published

The brief

The reason to consider it.

Beautiful waterfront acre abutting the historic Fortsberg ruins. Owner has preliminary plans for a home with local architect William Willigerod (see site plan and topo). Underground utilities and road paving in place.

*Association fees to commence one year after formation of association and adoption of covenants and restrictions. Buyer and Seller to split Stamp Taxes equally.

Last confirmed

Type
Land
Land
44,186 ft²
Zoning
R-1Residential
Topography
waterfront
Build ready
Yes
Water
Yes
Electricity
Yes
Permitted uses
Single family

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