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 tranquillity 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.
Fully renovated in 2008 this 2BR/2BA home is nestled in a quiet enclave on Water Island. The granite and stainless kitchen opens up to the great room. The french doors open onto a covered porch. Large mature trees and professional landscaping on the .15 acre lot. Flat lot that is kid and handicapped friendly. Additionally, the Seller has a profitable, established Water Island business that may be available. Home is priced at $550,000. Great home or investment property for short term rentals. MLS 12-1594.
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.
Druif Hus, Water Island. 3BR/1BA with 2BR/1BA apartment situated on 1 acre overlooking Honeymoon Beach. Huge great room, screened in porches, swimming pool (needs to be activated), and extensive landscaping. Generator. Handicap accessible. $756,000 MLS 12-2157 Call Chuck Gidley for more information!
Pelican Point, Water Island. Home is situated on .94 waterfront acres with about 250' of cliff overlooking Flamingo Bay and to the west. 2BR/2BA upstairs and BR/BA downstairs. Recently renovated kitchen and 2 BR upstairs. Solar hot water heater. Hurricane shutters. Included with house is a 16' zodiac boat with 60 hp Yamaha engine and trailer, golf cart and GMC pickup truck on Water Island, 1997 Suzuki Sidekick located on St Thomas, and interest in floating dock at Flamingo Bay Water Island. $725,000
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, May 2012, there are 27 listings on the Water Island real estate market.
There are 10 houses currently listed. They range from a 2 bedroom, 2 bath house on a .1 acre lot for $415,000 to a 3 bedroom, 6 bath on 2.01 acres for $2,500,000.
Properties with only a cistern and foundation do become available from time to time. There was one recently on the market, a cistern and slab on a 1 acre lot for $350,000.
There are no condos on the Water Island. Undeveloped land is limited in availability.
Currently there are 16 land lots listed. Lots range from $135,000 for .25 acre to $1,100,000 for 3.67 acres.
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 May 2012; 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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