• Home
• About Us
• St. Croix Info
• Real Estate Info
• Newsletter
• Contact Us
• Vermont Condo

• Featured Properties
• Residential
  • Up to $400,000
  • $400,000-$700,000
  • $700,000-$999,000
  • $1 million and up
• Condos
  • Up to $300,000
  • $300,000 - $500,000
  • $500,000 and up
• Commercial
  • Fee Simple
  • Leaseholds
• Land
  • Up to $100,000
  • $100,000 - $200,000
  • $200,000 - $500,000
  • $500,000 and up

Do you want to stay in tune with real estate on St. Croix?
Sign up for our newsletter

Become our Fan
on Facebook!

Read the Farchette & Hanley Real Estate Magazine

FALL NEWS 2009: St. Croix, US Virgin Islands

Greetings from St. Croix! A great article about our island was a feature story in the October 2009 issue of Caribbean Travel + Life Magazine. If you missed it, check it out and I was quoted with a sidebar editorial shown below:

Let’s hope I get some inquiries and can ‘stir up some action’ from the stateside economic doldrums which impact St. Croix as well. Also newsworthy…

Home Depot gets Financing:
Governor DeJongh approved final documents in late September for tax-increment financing, allowing the government to issue bonds based on the projected increased in property and gross receipts taxes the project will bring once completed. The construction financing is being provided by First Bank VI. The 44-acre mixed use development will be anchored by Home Depot and also will include an IHOP, medical offices, shopping, affordable housing amidst renovated sugar mill ruins and a solar and wind power plant. It is being developed by Caribbean Development Partners headed by local developer Jim Watson. Ground breaking is set for November 2nd.

Williams and Punch Clears another Hurdle:
The Coastal Zone Management Commission gave permission for the developers to extend the beach at their proposed 378-room resort and casino north of Frederiksted. The developers noted this is a key component of their proposed development because the area became much rockier after Hurricane Lenny blew in from the southwest in 1999 and removed much of the sand there. Spokesmen for the project noted that the beach restoration project brings back the beach for recreation and also makes the area more conducive to turtle nesting, all with minimal effect on the environment. The developers are now working with the Army Corps of Engineers to get their permit as well as a land swap agreement with the VI Government to relocate the road inland and away from the shoreline which will need legislative approval as well.

Diageo Distillery Making Progress!
St. Croix welcomes the liquor industry giant Diageo which is building a state-of-the-art Captain Morgan Rum Distillery on 26 acres of land at the St. Croix Renaissance Group. This eco-friendly distillery will provide between 200and 300 temporary jobs. It is scheduled to open in 2011 and approximately 40 to 70 permanent jobs will then be created.

Some New Listings and Updates

Looking for a Mediterranean Villa in Shoys?

This luxurious & spectacular home with approximately 5000 sq. ft. features 4 BR’s, 4 ensuite baths, exercise room/office, and separate 1 BR guest cottage, and pool set amidst a tropical courtyard setting all located just steps from the sandy Shoys Beach. Gourmet chef’s kitchen, A/C system, large generator, 2 car garage, R/0 system on well makes fresh water. $3,250,000.
Click here to see photos.

How about a Home Devoted to Luxury and Pleasure?

Our Villa Sybarite is an exquisitely finished home with 3 BR, office, pool and wrap-around porches with views to Buck Island. Professionally designed landscaping, gated driveway and custom courtyard entrance. Lots on either side of the property are owned by seller and available for purchase to create your own 4.5+ acre private estate! Listed at $999,000, and additional properties are $125,000 each.
Click here to see photos.

Looking for an Impeccable Home overlooking Surfer’s Beach?

This beautiful 3BR/2.5BA home with pool, office and large apartment below is nestled behind a spectacular bluff. Property boasts views from pool to beach as well as to Honeymoon Cove and town. Other amenities include 2-car garage, storage room, and diesel generator with transfer switch. $1,250,000.
Click here to see photos.

Need to find your Caribbean Dream?

Situated on a knoll-top with views from Yacht Club east to sea and islands, this breezy 3 BR, 2BA home has split A/C throughout, great pool and covered patios to enjoy the views and breezes. Plus a 1 bedroom apartment for income or guests. $744,000.
Click here to see photos.

Searching for a Seaside Hotel?

The Waves at Cane Bay is a fabulous waterfront hotel located directly over the ocean, twelve suites all with balconies and great ocean views! Relax in the unique grotto pool sipping cocktails & watching the sunset…offering dinner 7 nights and even weekend brunch! $2,050,000 fully-equipped.
Click here to see photos.

Developers Take Note!

Gorgeous north side 17-acre subdivision featuring beautiful south shore views and some northerly ones. Parcel includes grandfathered subdivision of 19 lots. Great investment parcel to sell the individual lots or create larger estates! Priced to sell at $549,000!
Click here to see photos.

Love a Luxury Condo?

CARDEN BEACH for the ultimate in luxury and exclusively listed, final phase of brand-new Building 3 with three different floor plans and top-of-the line finishes, with only five remaining. Also included are freestanding private villas with your choice of floor plans and building site; enjoy the best of waterfront living…call me for a private tour! Villas start at $ 999,000 and condos start at $799,000.
Click here to see photos.

Also at Carden Beach we have a beautiful 2 bedroom top floor walk-in unit in Building 1 (Unit 522) overlooking pool, sundeck and Buck Island asking $645,000.
Click here to see photos.

Searching for a New Gated Community?

The RESIDENCES AT BANYAN HILL located adjacent to Chenay Bay Beach Resort will offer just that! 29 residential lots, most with ocean views, underground utilities, full access to resort amenities including sandy beach, pool and hotel facilities; gated community and street lighting are forthcoming; spectacular Caribbean-designed architectural models will be available for purchase as well!
Click here to see photos.

St. Croix Real Estate Market Statistics 

Real estate sales as shown above from MLS statistics illustrate:

• Transactions are down 41% through 3rd quarter, 2009 as compared to the same period in 2008 across all categories.
• Home sales have decreased by 24% and prices are off by 19%.
• Condo sales are down 52% in units yet increased in pricing by 12% (by virtue of two Carden Beach Condos of $1,000,000+)!
• Land sales are off 48% and prices have decreased by 20%.
• Commercial transactions show a decrease of 29% in units and are way off in pricing by 68%.

One bright point to be gleaned is that our market shows more ‘staying power’ in pricing as compared to other stateside jurisdictions, at least in 2009 as compared to 2008…let’s hope that continues and we see more buyers in the marketplace as the economy continues to improve!

TO FURTHER MY REACH, I am proud to mention that I am a Broker Associate with Prudential Douglas Elliman in New York City, the largest metro metro New York real estate firm. I am advertising some of my properties in multiple mediums to target the NY area. This certainly increases exposure to my listings as an added plus to my sellers! Take a look at www.elliman.com ...I’m there among the ranks!