Land for sale

Frederiksted, St Croix, Virgin Islands, U.S.

£2,722,733

 [$3,462,500]

Property Details

  • Bedrooms: 0
  • Bathrooms: 0

Full Description

Opportunity to acquire 52 U.S. acres of land with 1800 ft. of waterfront. Two exceptional development parcels on the NW sunset coast of St. Croix, US Virgin Islands. The parcels represent attractive development characteristics that are increasingly rare.
St. Croixs development has largely relied upon airline fed tourism and the migration of new permanent residents seeking their place in the sun. Being out of the spotlight has constrained development on a relative basis and kept property prices from participating in the frenetic appreciation that has recently occurred in rest of the Caribbean.

As Caribbean and warm weather U.S. properties have reached price points that leave investors gasping for oxygen, serious attention is being paid to St. Croix as the next best place for quality of life without a million dollar price tag. Property pries are generally a fraction of those on St. Thomas and St. John and lower even than most of the alternatives in non-U.S. islands in the Caribbean.

Well planned development on reasonably priced property can profitably offer price points that target a broader market than just the super affluent the U.S and abroad. With its Danish heritage, St. Croix may be an especially attractive market for Europeans if direct air service could be established through vacation packages and chartered flights.

Beyond the multitude of financial, tax and legal advantages of a U.S. person investing in the U.S. Virgin Islands, are the quality of life and quality of vacation experiences that St. Croix provides.
This property listing (ref: 16814-37700319) is an advertisement supplied by Caribbean Dreams Limited and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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