Caribbean MLSReal Estate

30 Acre Waterfront Lot in US Virgin Islands

Not published

The brief

The reason to consider it.

DEVELOPERS WELCOME!! Over 30 acres waterfront on the cool north side with its own beach access. Nestled in between prestigious Peterborg and Mahogany Run and close to Magen’s Bay Beach. R-3 zoning has so many possibilities. Single family homes, multi-family homes, condos, apartments, etc. Subdivide, set up underground utilities and a solar farm for the residents. OR keep it all to yourself for a family compound.

Last confirmed

Type
Land
Land
1,306,793 ft²
Zoning
R-3
Topography
waterfront
Subdivision approved
Yes
Water
Yes
Electricity
Yes
Internet
Yes
Permitted uses
Single family homes, Multi family homes, Condos, Apartments

What this listing includes

  • Beachfront
  • Beach access
  • Solar power
  • Water 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