Renting or Buying – Which is Better ?
- December 19, 2024
- Real Estate, Text Blog
Whether to rent or buy a home is a big financial and lifestyle choice, and there’s no right answer — it depends... Read More
Property types in St. John, U.S. Virgin Islands: What there is and how much can you buy? Here are some of the most common types of properties you will find on the island:
1. Single-Family Homes
• Description: These homes are freestanding structures on individual lots, and they often boast sweeping views of the ocean, valley views, and the island’s natural beauty.
• Characteristics: Single-family homes on St. John can vary from modest bungalows to luxury estates. They often have open-air designs, outdoor living areas, and private pools.
• Price Range: From approximately $500,000 for smaller homes to multi-million dollar luxury estates, depending on location, size, and amenities.
2.Vacation Villas
• Description: St. John is known for its luxury vacation villas. They are generally larger, luxury homes that are made to either rent on a short-term basis or be private vacation properties.
• Characteristics: Many villas are set in scenic surroundings equipped with sweeping ocean views, swimming pools, expansive outdoor patios, and modern amenities. Some are even fully furnished and ready for rental income.
• Investment Potential: These are coveted by investors seeking short-term rental income, as St. John has a constant stream of vacationers.
3. Condos and Townhomes
• Description: Condominiums and townhomes provide a more low-maintenance lifestyle, with shared amenities that may include pools, gyms, and beach access. These are usually found in or near the main town of Cruz Bay.
• Characteristics: They are different in size (1-3 bedrooms) and features (modern kitchens, terraces, and shared pool access)
• Price Range: Less expensive than single-family homes, the average price for a condo is between $300,000-$1.5 million depending on area and amenities
4. Land Parcels
• Description: St. John has raw land for buyers wishing to build custom homes. They can include small lots or parcels that span multiple acres, often with breathtaking views of the Caribbean Sea or wooded hillsides.
• Characteristics: These can be waterfront, hillside, or interior lots.
• Price Range: Prices vary widely based on the location and size, but smaller lots can start at around $150,000, while prime oceanfront or large parcels can exceed $1 million.
5. Luxury Estates
• Description: These are luxury offerings aimed at wealthy buyers. They usually have prime locations, such asa private beach or hilltop with views.
• Characteristics: A luxury estate may offer several bedrooms, guest houses, large outdoor living spaces, infinity pools, and cutting-edge amenities.
• Price range: These homes typically sell for multiple millions and sometimes for more than $10 million.
6. Waterfront Properties
• Description: Waterfront property is among the most desirable on the island. They are also oceanfront or beachfront properties or land, giving them gorgeous views and solitude in addition to access to the beach or ocean.
• Characteristics: Several waterfront homes come with private docks, beach access or water sport facilities. They tend to be some of the highest-priced homes, as well, given their prime location.
• Price Range: Typically, between $1 million and north of $5 million, depending on size and precise location.
7. Eco-Friendly Homes
• Description: Eco-friendly homes are on the rise in a country that emphasizes sustainability. These homes frequently include solar electricity, rainwater catchment systems, and sustainable building materials.
• Characteristics: The designs for these homes make them energy-efficient and eco-friendly by keeping them off the grid and utilizing natural features of the landscape.
• Prices: There can be a widespread, from low-end sustainable homes at around $500,000 to high-end eco-luxury estates that can go for several million dollars.
8. Commercial Properties
• Description: Retail, Restaurant, Small Hotels/Inns. These are usually located around hot spots, like Cruz Bay or Coral Bay
• Investment Opportunities: Given the island’s dependence on tourism, commercial assets can provide high yields, particularly in high-footfall locations.
• Price: The price of a commercial property can depend greatly on its size and location, with prices generally running in the hundreds of thousands of dollars to over $5 million.
9. Multi-Family Properties
• Description: Multi-family homes or duplexes provide an opportunity to live in one unit and rent out the other, or they can serve as entirely investment properties. They’re usually more prevalent around towns like Cruz Bay and Coral Bay.
• Characteristics: You might find separate living areas, private entrances or shared amenities like a pool in multi-family properties.
• Price Range: Multi-family homes start at roughly $600,000, but can climb depending on size and nearness to desirable areas.
10. Fractional Ownership or Timeshares
• Description: Fractional ownership & timeshare at a resort or development: You can own a portion of a property and use it part of every year.
• Characteristics: These are generally included in luxury resorts where common facilities like pools, spas, and restaurants are available.
• Price Range: Prices differ by property and season, but generally, this is a less expensive option for owning property in St. John than a full home.
St. John’s real estate market has something for everyone, whether you are seeking a private residence, vacation home, investment property, or land on which to build. Do you want rounding out options with your choices?
To know more about properties in St. John feel free to contact
For more info on St. John real estate visit: https://340realestatestjohn.com/
Feel free to call us: 340-643-6068 or email us: 340realestateco@gmail.com
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