Caribbean MLSReal Estate

3.26 Acre Lot at 19 Water Island Ss

Not published

Type
Land
Land
142,008 ft²
Zoning
W-1
Topography
waterfront
Permitted uses
Boutique hotel, Bar, Restaurant

What this listing includes

  • Ocean view
  • Restaurant or bar
  • Parking
  • On-site security
The brief

The reason to consider it.

Water Island is just 1/2 mile off the southside of St. Thomas but feels lightyears away, conveying a feeling of how a Caribbean Island is meant to be. It is quiet and serene where everyone truly functions as a community. Your mode of transportation around Water Island typically is a golf cart.

This incredible 3.26 acres site zoned W-1, above Flamingo Point, has remnants of a former hotel. The plans and permits reimagine it as a boutique hotel with a bar and restaurant.

Water Island is the smallest of the four main U.S. Virgin Islands, measuring approximately 491.5 acres (roughly 0.77 square miles). It is about 2.5 miles long and varies from 0.5 to 1 mile in width, located in the Charlotte Amalie harbor just south of St. Thomas. There are less than 300 people who live full time on Water Island, and the typical mode of transportation is a golf cart. The Department of Interior owned and managed Water Island from 1950 until it was transferred to the Government of the US Virgin Islands in December 1996. People who lived there and had built homes did not own their land until 1996; rather, they leased land from the Department of Interior. Now land is owned in fee simple as in the other 3 US Virgin Islands.

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