Hello everyone, and happy Sunday! Let’s talk real estate today…
Real estate here on St. John is pricey, so it’s advantageous to purchase a place where you can live in part of it while renting out the other part. Today we’d like to tell you about a beautiful four bedroom villa that could be used as a large home, or separated into two, two-bedroom units. Check out Villa Venturosa…
Perched in a quiet neighborhood high above Cruz Bay, Villa Venturoso has beautiful, sweeping views of St. Thomas, its surrounding cays, Pillsbury Sound and out to the Caribbean Sea. Built with attention to detail by custom builder, this unique masonry property has the ability to be two independent two bedroom, two bathroom units with separate private verandahs or they can be combined to be a four bedroom, four bathroom villa. There are numerous options to rent out separately, together or live in one/both units. The home features a newer masonry pool with a generous pool deck and amazing views. The home has 17,500 solar panels which are currently being installed to achieve net metering to eliminate or drastically reduce electricity bills. Villa Venturosa is within walking distance to Cruz Bay’s shops, restaurants, bars and ferry boat, yet far enough away to enjoy peace and solitude. Please check out a few pics…
Looks great, doesn’t it??!
Interested in this piece of St. John Real Estate? Villa Venturosa is being offered for $1.375 million. For more information, please contact John McCann of 340 Real Estate Co. at email@example.com more information.
Some of the most popular posts here at News of St. John discuss St. John real estate. It seems that many of you are curious about costs and trends happening here on island. It’s also a common question that I receive during my island tours. So today, I decided to give you a little peak into what’s selling, average prices and more. Please check out News of St. John’s 2019 Real Estate Wrap-Up…
(A little side note: Please keep in mind that I am not a realtor; I simply love learning about real estate.)
At the close of 2019, 36 parcels of land, 10 condos and 44 homes sold. The lowest priced home that sold was a one bedroom, one bath cottage which sold for $252,000. The highest sale was 1 Peter Bay, a 6,596 square foot home that is located directly on the sand in Peter Bay. It was listed for $14,250,000 but sold for $9 million, nearly 37 percent off the asking price.
We reached out to our friend Tammy Donnelly, owner of 340 Real Estate Co., and asked what the trends were in 2019. She said the current trend, in general, is that prices for home and land are continuing to decrease. That’s great news for all of the potential buyers out there! Condos are seeing small price reductions, Tammy said, but there are more reductions in land and homes. This goes for several areas including Chocolate Hole, Peter Bay and Catherineberg. (Peter Bay and Catherineberg are two areas that have some of the island’s priciest real estate.)
In 2019, prices have been going between 20 and 40 percent off of the list price, Tammy said. In one case, a piece of land on Lovango Cay sold for 50 percent off of the list price. Wow! Why I personally find this very interesting is because in 2018, we saw prices going 20-25 percent above list price.
To give you some comparison, we had 32 parcels of land, 5 condos and 60 homes sell in 2018. The least expensive sale was a hurricane-damaged home which sold for $107,500. The most expensive home sold in 2018 was a waterfront home which sold for $3.795 million.
We currently have 158 homes, 15 condos and 252 parcels of land for sale. The least expensive home currently listed is a hurricane-damaged home that is currently unlivable. It’s located on less than a quarter acre, and the asking price is $300,000. There are only seven homes currently listed for less than $500,000 and two are unlivable due to hurricane damage, and one lacks a certificate of occupancy. And this, my friends, is why I currently rent here – haha.
The three most expensive homes for sale right now are all located in Peter Bay on St. John’s North Shore. They range in price from $10.95 million to $8.995 million.
Curious about land? The least expensive is roughly a half-acre parcel in Coral Bay which has an asking price of $50,000. The most expensive parcel is $7.5 million. It’s the property that located behind Maho Crossroads, the new-ish tiki bar at Maho Bay. That parcel is zoned commercial.
Want to see all the listings or speak to a realtor? Then check out some of our sponsors below:
Well folks, it’s Wednesday which means we’re halfway though the week! We thought we’d take a day off from the typical “news” today, and chat about real estate instead.
For those of you who are looking to purchase a beautiful, high-end home here on island, there’s one that recently listed for sale. And even better, it’s located in a great neighborhood, has amazing views and is located close to town. Here are all the details straight from its listing:
Every detail of this spacious 4BR 3BA pool villa was carefully considered and meticulously implemented, in the pursuit of lasting design, beauty and craftsmanship. At first glance of this gently sloped lot in desirable Chocolate Hole, one is immersed with stunning views south to St Croix, west to St Thomas from three covered porches, expansive pool area and deck, as well as master and guest suites. Daily sunsets and cooling tradewinds complete the picture. Complimenting this high-end construction process is an impressive roster of amenities for the discerning guest or owner, including granite counters, marble baths, stainless steel appliances, mahogany ceilings, doors and trim, coral stone flooring, and central air conditioning. This villa will make the perfect family home and or short-term rental with its interior access to all the living spaces and bedrooms.
Flat grassy manicured lawns and mature gardens surround the house. Ample parking for multiple vehicles and turn around areas along with the gentle sloping driveway allow for ease in your approach and access to the house.
All things considered, the synergies of this property, including the neighborhood, lot, view, construction, and amenities make it an exceptional find.
After 20 years, the original contractor-owner, who built this “safe house” for his family, is offering his home for purchase. This home has withstood every storm. Walls are monolithically poured concrete, with steel horizontally and vertically throughout the walls far exceeding code requirements. Roof structure is an engineered steel-reinforced truss system and was steel strapped from the cross beam into the foundation. Custom built metal storm shutters bolt directly onto the concrete walls. This house was unscathed when the majority of the surrounding homes, and the nearby Westin, suffered major structural damage.
Please check out a few more pics…
Ready to own a piece of St. John real estate? This Chocolate Hole home is being offered for $1,675,000. For more information, please contact Tammy Donnelly of 340 Real Estate Co. at 340RealEstateCo@gmail.com.
Hello everyone and happy Tuesday! Well yesterday’s poll showed how much you all love the island of St. John. We will run the poll a few more days, and then we will post the results. Have you ever given thought to potentially owning a property here on island as opposed to simply visiting every then and again? Well today, we have a nice piece of St. John real estate to share with all of you.
Nestled among the trees in tranquil Fish Bay, this cozy home has been successfully short-term rented for the past 10 years with the owners in residence. The upper level has a master bedroom and bath, as well as kitchen, dining, living areas and a screened-in breakfast room. Stone paths lead to charming sitting areas around the property, to the downstairs bedrooms, hammocks and decks. There is an 8,500 KW Kubota diesel generator with sound proof enclosure and 80 gallon manual fuel tank – a great added feature here on the island.
You can opt to continue this as a successful short term rental or convert it back to a traditional home to live in. This property is being sold as is.
Ready to own a piece of St. John real estate? Treetops is being offered for $770,000. For more information, please contact Tammy Donnelly of 340 Real Estate Co. at 340RealEstateCo@gmail.com.
340 Real Estate Co. will donate a portion of the proceeds it receives from the sale of this property to the St. John Cancer Fund.
Yesterday we introduced you to Christine and Mark Fano, the owners of a beautiful new home over near Klein Bay. The Fanos recently completed a 21-month build of their home. Seeing how so many of you have dreamt about building your own home in paradise, we thought we’d share their story. Today we’re talking about what it’s actually like to build on St. John.
“It was difficult and exciting at the same time,” Christine said about the construction process. “The amount of time, money and stress that affects the owner is overwhelming to be honest. People did warn us about it, but unless you’re experiencing it, you don’t completely understand. And being thousands of miles away, did not help!
“The last six months of our build was completely overwhelming mentally. Thank goodness our kids were understanding. At the end of the construction process, things were going at a fast pace. Having to order every little item for the villa from pasta strainer to a lemon press, then King sized everything for the beds to outdoor cushions … then organizing furniture delivery to Miami, and then to St. John with customs was a full-time job in itself. We had four-20 foot containers full of literally everything in and outside of our home.
“Receiving emails on a daily basis of problems and issues that needed to be addressed ‘immediately’ was very taxing on us. Everything needed to be choreographed in perfect order because if one thing isn’t done, other things cannot be done. What we found out later was that our experience is the typical experience of those that build on island. Did it make us feel better? Not really!”
So what was the biggest surprise they encountered during their build?
“The biggest surprise was how nice of an experience things were during the build until the last six months,” Christine said. “I could write a book, but much of it was a blur and would be impossible for me to recollect. That is why I am happy I wrote my blog.”
(You can check out Chrsitine’s building blog here.)
While coordinating the build, the Fanos chose to incorporate many of the same personal touches guests at their home in New Jersey would expect.
“Our family is all about hospitality,” Christine said. “If you came to our home on the mainland for a visit, I wouldn’t let you leave unless you had coffee or tea with something to eat. We designed Casa La Famiglia for guests that absolutely want luxury with a warm personal experience.
“After our villa manager picks guests up from the ferry, we have a delicious dinner waiting for them at the house and we also have cocktails and drinks with appetizers in the refrigerator for them. I then phone the house to welcome them to St. John and Casa La Famiglia and to check on them to see if they need anything. Before they leave, we always touch base with them wishing them a safe trip home. Lastly, when we send our guest’s back their deposit, we always send a personal thank you note and a small bag of Cruz Bay Grill Rub from St. John Spice. Guests really like that, a piece of St. John they can enjoy.”
Knowing what they now know, would the Fanos build again?
“Yes, we would absolutely build again but we had done our due diligence prior and knew pretty much what we were getting ourselves into financially. But when someone asks me if they should build … that is a loaded question! It depends on the person asking and their personal situation. I would never want to stop someone for doing something they were dreaming of, but there are big risks when building on island,” Christine said.
“I would suggest strongly that potential homeowners have 30-40% more waiting in the bank than what their budget actually calls for. To add much, much more for interior and exterior furnishings as well as linens, kitchen equipment and the rest. Basically be able to furnish the whole house inside and out. To make sure they have a good solid marriage, good health and are not stretching themselves financially in order to build. Remember that you’re signing a contract with your builder…he won’t care if you get sick, lose your job, your business is slow or anything else. Be financially prepared for the worst case scenario.
“There are plenty of half-way built villas or vacant parcels that were bought years ago that are still vacant. What we found is that some land purchasers got scared once they hire an architect and see the estimated costs involved even before the bidding process begins. If someone can’t find what they want in a villa and do not want to build, another recommendation would be to buy a home in the location you love, gut it and do what you want. I have seen that done a few times and it absolutely makes more sense financially for many people, and usually work can be completed within a year. That is a project that homeowners can absolutely control in terms of budget.”
And lastly, in addition to creating a warm and welcoming home for guests to enjoy while on St. John, Christine also has a cause near and dear to her heart.
“My son Christopher has autism and we hope to work with the autism community and the USVI government to bring autism awareness, education, recreation, services and training to the Special Needs Virgin Islands community.”