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
A beautiful multi-use villa w) 2X2 main house & 1×1.5 caretakers cottage perched up on the hill with spectacular views of Coral Harbor, Carolina valley & the mountains. Both units have travertine marble floors, granite countertops throughout, cable railing, air-conditioned bedrooms, outdoor stone showers, full kitchens, indoor/outdoor living, and dining areas. Internal staircases in both units access lower bedroom and private central pool area. The 10×20 mosaic-tiled salt pool overlooks Coral Harbor and is surrounded by a 600 ft deck and tropical gardens. The main house & cottage were designed w) privacy in mind as both face a different direction. The main house is a very successful short term rental.
Periwinkle Cottage of Coral Bay
2 bedroom / 2.5 bath West Indian Style cottage
with Coral Harbor and beyond views and a pool.
Coral Harbor Masonry Home
2 bedroom / 2.5 bath masonry home with panoramic
Coral Harbor, Hurricane Hole, and BVI’s views
A three bedroom, three 1/2 bath pool villa
overlooking beautiful Coral Bay and beyond
2 bedroom, 2 bath pool villa with a loft.
Successful turnkey rental with panoramic views to Virgin Gorda.
2 bedroom / 2 bath pool villa with wrap around deck
to enjoy Coral Harbor and beyond views!
A 1 bedroom, 1 bath Force 10 starter home
with panoramic views of Coral Harbor and beyond.
10-28-9 Estate Carolina
3 bedroom, 3 bath home with a pool.
Two sister properties that are hurricane damaged.
MLS#19-125 & MLS#19-123
Buy one or buy both.
Nice Coral Bay water views and beyond.
St. John US Virgin Islands Land for Sale
.33 acre parcel
0.549 acres parcel in Flanagan’s Passage, easy downhill build
Seagrape Hill land
Dual Bay views & breezes with road access on both sides
6-2-2B Rem Carolina
Coral Harbor views off Rt 10. excavation and partially completed cistern on site
with a driveway that needs to be regraded. Closing subject to the subdivision of the property to be completed.
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 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