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.