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 The Virgin Islands; St. Thomas, St. Croix, St. John and Water
Island offer a unique opportunity for owning property in the
Caribbean. Homes, condos, time-shares and commercial buildings are
available. Undeveloped land is
available for those that want to
build their own Caribbean inspired homes. Financing is available
through local banks. There are real estate agents on each island
and insurance companies are available to protect your investment.
The remaining question is: Which island? Below there are
descriptions of the real estate market on each island with links
to further information.
St. Thomas:
St. Thomas offers both bustling shopping areas and quiet
neighborhoods. The island is mountainous and many hillside homes
are graced will incredible views of the ocean. The real estate
market on St. Thomas includes houses, land, condos, time share and
commercial properties. Presently, November 2007, there are 109
houses listed. Prices range from $149,600 for a 2 bedroom, 1 bath
house on .38 acres in Mariendal to $5,000,000 for a 6 bedroom, 6.5 bath
house on a 1 acre lot in Bakkaroe. The average of all 109 houses listed is around $1.2
million. That average is up from 2 years ago (August
2005), when 73 houses were listed with an average of $860,500. The
greatest concentration of properties is in the $500,000 to $1
million range. Houses are generally situated on a half acre lot.
In densely developed areas a quarter of an acre or less is
typical.
More on St. Thomas Real Estate
St. Croix:
St. Croix, the largest of the Virgin Islands, is home to
diversification in people, culture, architecture and history. St.
Croix’s landscape is equally diverse: the topography changes from
flat agricultural land to rolling hills; arid areas to lush
vegetation; countryside settings to dramatic sea views. Whatever
your likes are, there’s bound to be an area in St. Croix that
appeals to you. The diversity of the island is reflected in the
real estate market. Properties of all types can be found on St.
Croix including high-end houses, fixer-uppers, condominiums,
commercial properties and undeveloped land. With an inventory of
803 listings currently (November 2007) on the market, St. Croix has a
lot to offer. More on
St.
Croix Real Estate
St. John:
St. John is unique, it offers the opportunity to own a dream home
with magnificent ocean view on an island that is two-thirds
protected from development by the National Park Service. Price
tags fitting of a dream home nestled on a beautiful, protected
Caribbean island are of course attached! The allure of St. John is
in the lush green hills and beautiful white sand beaches. The
island offers a slow pace of living and is home to a small
community of about 4,200 people. More on
St. John Real
Estate
Water Island:
Water Island, located within St. Thomas' Charlotte Amalie
harbor, is a 491.5 acre treasure. The small population of fewer
then 200 full and part time residents enjoy the tranquility of a
largely commercial free island while having the conveniences of
developed St. Thomas only a 10 minute boat/ferry ride away.
Water Island’s real estate market is small and fairly exclusive.
The real estate possibilities are very limited in quantity due to
the island's small size and to a very low turnover rate. More on
Water
Island Real Estate
Note:
This section is dated November 2007; prices, property estimates and
numbers reflect the market at the time this section was written.
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