St. Croix Real Estate

I'm going to start this series of 4 blogs the same way to get my message across:
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. 

To find the land investment which best suits YOU, first define your goals:  short or long-term investment, development opportunity, buy and hold for your own future use - this is a personal decision you must make.  Then find a Realtor who understands the land opportunities in the location you choose.  I know the St. Croix market extremely well and can refer you to agents on other islands in our chain if St. Croix isn't for you.  Using an experienced land Realtor can save you a lot of money, time, and headaches.  You still should know something about the market and land opportunities, and I can certainly give you plenty of resources.  Listed below are some research projects you should complete.

1.  Check Zoning

Before you make any purchase commitments on land, you must know and understand what the plot is zoned for, what developments are possible, what regulations must be met for development.  This can be the difference between using the land for your purposes or having to hold and hope to sell.

2.  Check Trends

This is my expertise - giving you market evaluations - but you still should understand the data.  Check pricing trends. both in specific areas that interest you and then in adjoining areas.  In our part of the Caribbean, studying other islands would be helpful.  I'm convinced when you do, that you will agree St. Croix has the most development and appreciation potential of all the US Virgin Islands.

Ideally, you want your parcel in an area of increasing values adjacent to other areas that are also increasing.  While that scenario is hard to find in the US now, St. Croix is poised for growth and property appreciation in the near future.  If you can find a lot that is appreciating, or has good promise, is bordered by other appreciating parcels, and is zoned for your plans, that's the best investment you can make in land.

3.  What Now

If you decide your risk tolerance, understand your purpose in investing, and find a Realtor with substantial local knowledge, you will be ready to make a decision on area and specific plots.  If you do this regularly, and invest wisely, you should be able to grow a substantial portfolio over time.

Here's an example of one of the great deals now available on St. Croix:

16A Judith's Fancy
.75 Acre homesite
280 degree water and lights of Christiansted
Waterfront but above the salt spray
Gated community
Adjacent lots also available
Listed at $349,000

Contact me for more great buys on St. Croix.

Kim Lucas, REALTOR
kim@coldwellbankervi.com
340-626-3758
www.kimlucasvi.com
www.retireinthevi.com

I'm going to start this series of 4 blogs the same way to get my message across:
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. 

1.  Are you past trying to decide whether or not to buy land in the first place?

Any investment, real estate or otherwise, can appreciate or lose you money.  If you have made the decision to invest in St. Croix property, then focus on the best type of land for you, and don't keep 2nd guessing your investment decision.    If you have planned for risk, and how much you want to invest, then the next questions are what and where.

2.  The Future has to be part of your planning

Will you want to use the land? Are you going to buy and hold?  If so, what developments may be planned or under consideration for the land?  Do you know the zoning?  What can be built in that zoning?  Determining future land use has to be one of your top priorities.

I can help explain zoning, land use restrictions, and possible future uses of any land parcel you consider on St. Croix.  I just wrote a newsletter about several options and what's for sale - email me for a copy.

There's a risk in buying land and holding it for future appreciation, so be sure and know your risk tolerance before you consider a land purchase.  Once you are comfortable with that, St. Croix is THE place to invest!

Take a look at this new listing:

On the West End, close to Frederiksted
166' of gorgeous beachfront
Views in all directions
Sheltered cove
Excellent building sites
Power nearby
1.88 acres
Asking $349,900
What are you waiting for?  Call me today!

Kim Lucas, Realtor
kim@coldwellbankervi.com
www.kimlucasvi.com
www.retireinthevi.com
340-626-3758