Caribbean MLSReal Estate

Sea Shore Allure Hotel - St John, US Virgin Islands

Not published

The brief

The reason to consider it.

A rare waterfront commercial property offering in Cruz Bay, St John, US Virgin Islands. This unique offering includes ownership of two parcels and a lease of a third waterfront parcel within the CZM regulations free zone.

The beautifully built hotel features 8 units, comprising 4 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units. It boasts a pool, an outdoor bar and lounge area, and private access to the beach, providing year-round sunset views. The property also presents potential for development as a restaurant, private club, and/or marina.

Additional features include storage, off-street parking, and established utilities. The property has been with the present owner for 15 years and has been established for 15 years.

Last confirmed

Year built
2010
Type
Commercial
Land
117,617 ft²
Use
Hospitality
Lettable area
11,999,995 ft²
Zoning
R-4Residential

What this listing includes

  • Pool
  • Beachfront
  • Ocean view
  • Restaurant or bar
  • Parking
  • Storage
  • Marina

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