PROPERTY FOR SALE
Coral Bay St John Virgin Islands
Property For Sale
340-643-6068 | 340-779-4478
Property for Sale in Coral Bay St. John USVI offered by 340 Real Estate Company. Licensed US Virgin Islands Real Estate Broker and Owner of 340 Real Estate Company, Tammy Donnelly, has been living on St John since 1978. Tammy has served on the St John Board of Realtors for seven years; two terms as President, a Board member of the Fish Bay Owners Association, and supports many other community service organizations.
Offering property for sale including areas around Coral Bay we call East End, Upper and Lower Carolina, Johns Folly, Calabash Boom, Ajax Peak, Fortsberg, Hurricane Hole, and Bordeaux Mountain.
St. John US Virgin Islands
Homes and Business for Sale
Island Treasure Maps
Turnkey business For Sale in the USVI. With over 38 years helping visitors find their way around St Thomas and St John this map and guidebook business is for sale. Beginning in 1984 a local cartoon artist began this business with just her talents and an idea to help visitors and merchants connect. Now 38 years later 3 maps and 1 guidebook keep up the tradition on St John and St Thomas, with the artwork to add St Croix to the mix. Original artwork and digital reproductions make creating each years publications a breeze. Business comes with a large customer list and immense good will with regard to those customers spanning decades for some, adding new customers yearly keeps the publications current. External hard drives contain all layouts, design elements and artwork.
Moon Glow Cottage in Eden
Gardeners Oasis! Flat lot with mature fruit trees and plantings with room for another small home and/or pool. Home has a certificate of occupancy and permanent power. Deltec home with deck surround. Another bedroom could be easily added, mahogany wood panels available to screen area for second bedroom.
2×2.5 Villa with additional adjacent parcel
Sail View is a 3 bedroom, 3.5 bath masonry villa overlooking Coral Harbor and Carolina Valley. Travertine and bamboo flooring thru-out, covered and uncovered porches and deck space, a cooks kitchen with a Vulcan stove and stainless appliances. Ample room to add a pool and or additional separate cottage. Near the end of the road location in the Mill Vista subdivision.
St. John US Virgin Islands Land for Sale
Little Plantation in Coral Bay
7+ acre development property with littoral rights and access.
Parcel in Bordeaux
0.25 acre parcel in Hard Labor with deeded water access near Miss Lucy’s
Hansen Bay Development
MLS#’s 21-283, 21-284, & 21-285
1/2 acre parcels $295,000 each. Peace & Quiet, end of the road location. No through traffic from this gentle grade ridge top parcel with panoramic water views of all of Hansen Bay, the Caribbean and beyond. Initial offering of 3 ridge top lots. Parcels 7A -4 & 7A-5 also for sale. All walking distance to remote beach frontage. Great beach to snorkel & kayak from. Development opportunity to purchase all or multiple lots, 19+ acres of undeveloped land, with prior approved 15+ home site subdivision.
1/2 acre parcels $295,000 each
REAL ESTATE OWNERSHIP INFORMATION
Ownership is “fee simple” being under the U.S. flag here. There are no restrictions against purchasing solely for investment, and no laws dictating when, if ever, you must build on undeveloped land.
Property taxes are relatively low compared to many stateside areas. The property tax is based on the purchase price multiplied by the following mill rates:
Homes/ Condos .003770 Commercial .007110
Timeshares .014070 Land .004946
All real estate transactions require a Government Transfer Tax (stamp tax), which can be paid by the buyer or seller; however, the Government holds the seller responsible for the payment at closing.
2% for property valued up to $350,000
2.5% for property valued from $350,001 to $1,000,000
3% for property valued from $1,000,001 to $5,000,000
3.5% for property valued over $5,000,001
Mortgage loans are available with banking institutions doing business in the Virgin Islands and with Leeward Island Mortgages. The buyer is responsible for the payment of a property appraisal, a survey and surveyor’s certificate, title search and title insurance, and bank attorney fees.
Windstorm and earthquake insurance is required for all home mortgage loans. The cost is approximately 2% to 3% of the replacement value. The cost varies due to types of construction, hurricane shutters and more.
All new construction must be engineered and built to VI building code to withstand at least 110 mph wind speed and Zone 4 earthquakes.
Building costs are approximately $400.00 per square foot and up, depending on the finishes.
Residential Properties: Approximately 120 properties available ranging from a modest one bedroom cottage priced at $129,000 $299,000 to a luxury villa in Peter Bay for 6 bedroom villa at $14 million +.
Condominiums: Approximately 13 almost carefree properties ranging from a one bedroom unit priced at $300,000. to an elegant 3 bedroom Sirenusa unit $2 million plus.
Land: About 178 listings very different properties starting at $45,000 for a lot comprising less than 0.25 of an acre to large parcels with subdivision possibilities priced as high as $5 million plus.
Commercial: Most commercial real estate for sale are leaseholds. Occasionally an actual building & plazas are listed for sale.
Fractional/Timeshare: At least 78 dates and timeframes to own your piece of the Rock. “Timeshare” generally refers to the Westin, but there are others.
340-643-6068 | 340-779-4478