Sponsor
Sponsor
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. (Article continues after featured listings, scroll down.)
Turtle Hill Vacation HomeThis is a two story, fully appointed house currently used as a vacation home and income generating rental. It has a 2-bedroom, 2-bath main residence and a 1-bedroom, 1-bath apartment. The property was recently renovated including; being repainted, new appliances, new doors and sliders and new hurricane shutters. It is nestled on a one acre lot on the top of a hillside overlooking Flamingo Bay. Specs: 20 years old, 60ft long by 40ft wide, made of Cement and Cinder block. Cistern: 22,000 gallons. Includes Golf Cart. Has laundry and storage area. Price: $795,000. Visit website for pictures and information.
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, October 2009, there are 20 listings on the Water Island real estate market.
There are 7 houses currently listed. They range from a 1 bedroom, 1 bath house on a 1 acre lot for $650,000 to a 3 bedroom, 6 bath on 2.01 acres for $3,000,000. Visit the featured house for sale above.
Properties with only a cistern and foundation do become available from time to time. There is currently one on the market, a cistern and slab on a 1.02 acre lot for $399,000.
There are no condos on the Water Island. Undeveloped land is limited in availability.
Currently there are 13 land lots listed.Lots range from $225,000 for a .25 acre lot, to $495,000 for a 1.65 acre waterfront lot to $1,400,000 for 6.24 acres of waterfront property.
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.
| Month/Year | All Listings | Land | Houses |
|---|---|---|---|
| August 2005 | 8 | 5 | 3 |
| April 2006 | 9 | 6 | 3 |
| September 2006 | 9 | 5 | 4 |
| February 2007 | 17 | 12 | 5 |
| November 2007 | 8 | 4 | 4 |
| September 2008 | 17 | 10 | 7 |
| October 2009 | 20 | 13 | 7 |
