Caribbean MLSReal Estate

5 Bed 4 Bath Villa in Nazareth, St. Thomas

Not published

The brief

The reason to consider it.

Excellent location in the highly desired East End of St. Thomas! Located close to everything Red Hook, including all the shops and restaurants, several beaches and resorts, grocery shopping, the Ferry terminal to St. John and the BVI’s, Secret Harbour Resort, The Ritz-Carlton, and much more.

The masonry structure includes 3 bedrooms and a loft with 2 bathrooms on the main level. Downstairs, there are two separate one-bedroom apartments.

The property has a second separate lot included in the price (2W-43). The combined lots total approximately 0.31 acres.

The views are spectacular and there are several porches! Here is the opportunity to own and live in the Caribbean and enjoy the income stream from two rental apartments. It is not often that this kind of opportunity arises at an affordable price point!

Last confirmed

Type
Villa
Land
13,498 ft²
Year built
Available on request

What this listing includes

  • Furnished
  • Ocean view
  • Balcony
  • Terrace

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