Caribbean MLSReal Estate

7.66 Acre Lot in US Virgin Islands

Not published

The brief

The reason to consider it.

This expansive 7.66-acre lot is located in the desirable Chocolate Hole area. The property comprises parcels 488D, 488E, 488F, and 272, subject to an easement of record. Zoning is W-1, and the lot is suitable for undeveloped use within the 5-20 AC category. The property is furnished, and taxes for 2024 are $17,000.

Type
Land
Land
333,724 ft²
Zoning
W-1

What this listing includes

  • Furnished

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