Currently there are 23 commercial properties listed. Guest houses, restaurants, yachts, inns and retail stores are examples of commercial properties that have recently been or are on the market. Presently there are 51 timeshare openings available. Timeshare or fractional ownership options are usually available from $6,000/a week and up. There are currently 78 condo properties listed. And larger condos with three or more bedrooms run between $569,000 and 1.8 million. One bedroom condos range between $179,900 and $295,000. Studio Condos currently on the market start at $39,000.
Facilities might include tennis courts, swimming pool(s), restaurant/bar, marina and water-sports center on the beach among others. Thomas are often located on or near a beach. Thomas plans must be prepared by an architect, engineer or draftsperson licensed in the Virgin Islands.Ĭondos on St. Land owners should depend on the experts when it comes to building on St. The cistern alone will account for almost 10 percent of the total building cost. A cistern for water storage and a septic tank are necessary components of a house on St. Keep in mind that preparations and special structural requirements may need to be met making the total cost of the construction project more. Looking for your own island? Land Sales – St Thomas YearĬosts of building a house start at around $250 per square foot the amount varying considerably depending on materials used for building and finishing. 2 acres in Agnes Fancy, to 10.9 million for 96.6 acres in Hull Bay. There are presently 84 undeveloped lots on the market. Factors to consider when looking for land include location, view, access to the property and any site preparations that might be necessary in order to build. Half acre to one acre lots range from $50,000 to $200,000. The price for a quarter acre to half acre lot is often less than $70,000. In general land is available in quarter, half, three quarters and one acre lots. Banks require earthquake and windstorm insurance with mortgages the cost is around 2-3% of replacement value. A typical down payment is 20 to 30 percent. Interest rates are slightly higher in the Virgin Islands than in the US mainland. Most residents finance their homes through conventional mortgages with local banks.
In densely developed areas a quarter of an acre or less is typical. Houses are generally situated on a half-acre lot. Prices range from 9.5 million for a 7 bedroom and 7.5 bathrooms home on 4.98 acres in Frenchman’s Bay to, $125,000 for a 3 bedroom and 1 bathroom fixer upper in Crown Prince St. Presently, February 2021, there are 59 houses listed. Thomas includes houses, land, condos, timeshare and commercial properties. The island is mountainous and many hillside homes are graced will incredible views of the ocean. Thomas offers both bustling shopping areas and quiet neighborhoods.
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