Water Island, located within St. Thomas' Charlotte Amalie harbor, is a 491.5 acre treasure. The small population of fewer than 200 full and part time residents enjoy the tranquility of a largely commercial free island while having the conveniences of developed St. Thomas only a 10 minute boat/ferry ride away.
Water Island’s real estate market is small and fairly exclusive. The real estate possibilities are very limited in quantity due to the island's small size and to a low turnover rate.
When looking for real estate on Water Island, contact Chuck who is a very well informed on the history and real estate potential of the island. Chuck has numerous homes and lots for sale priced to fit virtually every buyer. Chuck will pick you up at Crown Bay Marina on St Thomas, bring you to Water Island in his boat, give you an island tour in a golf cart, show you the properties for sale, and return you to St Thomas. With over 14 years of real estate experience on Water Island and having been involved in over 34 completed transactions, Chuck is the agent you want to work with for Water Island Real Estate.
Approximately 100 homes dot the hills and valleys of Water Island. Most lots and homes offer a view of the ocean and many also have a view of neighboring St. Thomas and Hassel Island. Presently, August 2013, there are 22 listings on the Water Island real estate market.
There are 7 houses currently listed. They range from a 2 bedroom, 2 bath house on a .67 acre lot for $499,000; to $1,250,000 for a 4 bedroom, 3 bath on a .5 acre lot.
Properties with only a cistern and foundation do become available from time to time. There is one currently on the market, a cistern and slab on a 1 acre lot for $300,000.
There are no condos on the Water Island. Undeveloped land is limited in availability.
Currently there are 15 land lots listed. Lots range from $120,000 for .25 acre; to $650,000 for a 1.9 acres waterfront lot.
Foreclosures are non-existent on Water Island. Residents, for the most part, own their homes outright. Sale of any property for outstanding taxes is really unheard of on Water Island.
Note This section is dated August 2013; prices, property estimates and numbers reflect the market at the time this section was updated. Information is believed to be accurate but not guaranteed.
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