Butler Bay, St. Croix, US Virgin Islands Butler Bay (St. Croix, Virgin Islands, US - BUT)

$3,462,500

Caribbean Dreams Limited

Caribbean Dreams Limited 44 207 617 7434 (Office) Request More Info

  • Type: Lots and Land
  • Style: Single Story
  • Lot Type: Rectangular
  • Lot Size: 52 acres

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.
P2#35378860
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Information is deemed to be correct but not guaranteed.