Times are not tough for everyone. The Multiple Listing Service shows a deal is
pending for Thatch Cay, a 237-acre island close to St. John. It has five miles of ocean coastline. Here’s a video tour
of the private island.
Listing broker was Holiday Homes. Asking
price was $24 million. (Hmm … 6% of $24 mill …)
With real estate inventory at a record high, Scotia Bank is
offering 95% financing on land purchases. 20 year amortization. The
MLS also lists 139 homes for sale and 298 land lots.
Good to see you back Frank. I’ve missed having your site to look at. So sorry for your loss…
Marcia
Welcome back we missed you. Sorry about your loss and I hope the time away didn’t suck too much.
Pete
Frank, hope all is well on the home front.
What do you think about a bunch of guys / gals get together and turn the island into some kind of Disney World but more with rides. A light parade at night. Great lit up ferris wheels and roller coasters to brighten up the night skies.
I think we can make it fly. What we can do is allow the investment group free lifetime passes.
Can we do it????
Alan … yeah, it does seem like the island is large enough to do a resort.
An offering brochure (http://www.thatchcay.com/pdf/ThatchCay.pdf)says the Cay is just 1/2 mile from St. Thomas … is zoned residential and is split into three lots, the largest of which is 15 acres – it also suggests development of a luxury spa or eco-tourist venture is possible.
Frank