Caribbean MLSReal Estate

Residential Lot in Salt River, US Virgin Islands

Not published

The brief

The reason to consider it.

In the scenic hills of Salt River, here is an opportunity to build your own private retreat on 4.5 acres. With sweeping views of Salt River and downtown harbor. This lot was previously designed as part of a 16 lot subdivision so underground utilities, and storm management swale are included.

Last confirmed

Type
Land
Land
196,022 ft²
Zoning
R-1
Topography
sloped
Build ready
No
Subdivision approved
Yes
Water
Yes
Electricity
Yes
Permitted uses
Single family

What this listing includes

  • Ocean view
  • Mountain view

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