Caribbean MLSReal Estate

2 Bedroom Single Family Home for Sale in Water Island

Available on request

The brief

The reason to consider it.

Here’s your chance to own a piece of Water Island history. The Searchlight House, originally built by the U.S. Army and converted into a home in the 1950s, sits on 1.48 acres of prime, buildable land just up from the ferry dock. This solid concrete, storm-resistant 2BD/2BA home was remodeled in 2018 and offers breathtaking Caribbean views from every room. Grandfathered at its rare cliffside location, no new construction will ever be this close to the water again. The property includes an original gun emplacement and is zoned W-1, making it a prime investment or development opportunity. With partial renovations completed, it’s ready for the next owner to bring their vision to life. Don’t miss this once-in-a-lifetime opportunity!

Year built
1950
Type
House
Land
64,713 ft²

What this listing includes

  • Ocean view
  • Kitchen
  • Laundry
  • Storage

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