A German couple’s north shore villa is on the cover of this month’s Architectural Digest magazine.
Hawksview Estate, described on the property’s Web site as a "villa that marries the best of old world charm and modern comfort" rents for $25,000 a week in high season, $18,000 off season.
The five-bedroom property, located between Hawksnest and Trunk Bays, sits on five acres within the National Park. It also has a media room and a gymnasium featuring Bowflex equipment, a Great Room with a 21-foot high ceiling, and an infinity pool offering views of St. Thomas and the BVI’s.
If you owned this villa, would you rent it? Comment here.
It took Karl-Erivan and Katrin Haub, the owners, six years to complete their project. The architect was Michael de Haas of St. Thomas. His background
includes hotel/resort projects at Caneel Bay, the Sapphire Beach Resort, and the
Bitter End Yacht Club on Virgin Gorda. The interior designer was Twila Wilson of St. Croix.
The St. John Source has a scan of the article from Architectural Digest.
Would I rent it? Maybe.
On one hand, you could say if you can afford a house like that, you can afford NOT to rent it.
On the other hand, people don’t get rich by turning money away. A couple of $25,000 weeks would hopefully cover the taxes and insurance.
I wonder if the real estate isn’t owned by an LLC or corp? German taxes are high and it may benefit the owners to operate it at a loss.
Although it is on the rental market, I don’t think the fellow that owns this place needs to worry about rental income more than he does about moving money out of Germany.