Caribbean MLSReal Estate

Bungalows on the Bay Hospitality Property

Not published

The brief

The reason to consider it.

Presenting a remarkable value-add opportunity in the hospitality market! Welcome to Bungalows on the Bay, a stunning Real Estate opportunity in the heart of St. Croix’s East End. Investors and developers do not want to miss this offering!

Unbeatable location with easy access to the soft sandy beaches of Chenay Bay. Situated on over 400 feet of beautiful beachfront with 50 bungalows, bar and restaurant, 85 KW generator, 2 wells, 3 cisterns. Loads of opportunity to keep the current business model, or get creative. Picture farm to table Bali, surrounded by lush gardens and Instagram-worthy beach and dining areas. Perfect location between Green Cay Neighborhood and the Southgate Coastal Reserve.

Bungalows guests enjoy taking long walks on the white sandy beach, kayaking or paddle boarding and snorkeling around the Green Cay National Wildlife Refuge, floating in the crystal blue waters and bouncing on the water trampoline located just off of the beach. Loads of activities are available should guests not want to leave the property. The bar and restaurant host live music, karaoke and many other fun events every week creating a good time to be had by guests and islanders alike.

Immense potential is waiting to be unlocked through some strategic upgrades and personal touches. Imagine the possibilities as you shape this already fantastic property into a true Caribbean seaside gem. With a little vision and creativity, you can elevate the guest experience to new heights and make your mark in the hospitality world. Don’t miss out on this lucrative opportunity!

Last confirmed

Year built
1987
Type
Guesthouse
Land
523,793 ft²
Use
Hospitality
Lettable area
42,797 ft²
Zoning
R-3

What this listing includes

  • Furnished
  • Pool
  • Restaurant or bar
  • Beachfront
  • Backup generator

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