The Great St. Croix Land Rush is Coming!
St Croix is poised to be the next "hot spot" in the Caribbean. With a new and wonderful director of Tourism, a fabulous governor and Lieutenant Governor, a new bevy of Senators who promise to continue to improve this lovely island, return of the cruise ships, and new resort developments that are inches away from ground breaking - all signs point to a "boom" on the horizon.
What does that mean to you? If you are an INVESTOR - it means get down here and buy LAND! If you're considering retiring here - it means get down here and buy LAND! I keep saying this - ST CROIX is the PLACE and NOW is the time! Land prices are really reasonable here (scroll down the page to see some great buys). Where IN THE WORLD can you buy ocean view property for under $100,000? If you are worried because you've never purchased land before, this 4-part blog series is for you.
How to Make Intelligent Land Investment Decisions
1. Start Small
Starting small in price and parcel size can help to insure that any mistakes you make in location or potential are small. Learn from any mistakes, and work into larger parcels with time.
2. Spread the Risk
Many investors shun partnerships - they want all profits themselves. But you will also take all the risk. When you first start purchasing land, consider a partner with experience in zoning or development or soils - anything that will complement your own knowledge. Sharing the wealth in the beginning may keep you from experiencing some unrecoverable financial pitfalls as you build your portfolio.
3. Diversify
Land is land, right? Not so. St. Croix has rainforest, and oceanfront, and inland homesites, and view homesites, and horse properties, and commercial plots - you get the idea. You have choices in development potential, price, location, and view - even on our small island in the Caribbean. Our prices now are SO reasonable, and sellers SO motivated, that you can easily diversify, spread your risk, learn the areas and potential, and position yourself to benefit from appreciation all over the island.
4. Examples of our Great Deals

Clairmont: This is a 2.56 acre homesite, that slopes gently about 400' to the north shore of St. Croix. On a ridge top, the plot enjoys excellent breezes and there is power nearby. Asking price $275,000 - with a panoramic ocean view of the blue Caribbean.

Whim: Three buildable lots, of .25 acre, in a mid-island location, are selling for $33,000 and $30,000. 2 are corner lots, and all are within easy distance of Frederiksted. Yes, that's right - 1/4 acre plot within a few miles of the ocean for less than $50,000!
You can tell I'm bullish about our economy and investing here. But I'll be honest with you about the development potential of any land parcel, and problems I might foresee in a purchase. So email or call, and ask for a copy of the newsletter I just mailed with descriptions of many types of plots available on St. Croix. And sign up to receive my next blog post on Beginner Decisions when You are Ready to Invest in Land.
Kim Lucas, REALTOR
kim@coldwellbankervi.com
340-626-3758
www.kimlucasvi.com
www.retireinthevi.com
