Real estate 2/12/06: Land offerings soar

More than 30 new lots overlooking Rendezvous Bay and Ditliff Point on St. John’s south shore have come on the market in the past week.  The nearly-half-acre building sites are priced between $695,000 and $895,000.

The land is just below the almost-infamous "Parcel K", owned by St. Croix gaming interests who intended to build dozens of condominium units on land overlooking Fish Bay.  It has been reported that those would-be developers have decided to sell their island interests.  Reports said they also own Palm Plaza, the shopping center near the Westin Resort.  It, too, is listed for sale.

Residential offerings listed on the Multiple Listing Service continue at their record high level of 90.  There were no additions during the past week. The list of businesses for sale has a new offering.  The Clothing Studio, at Mongoose Junction, is priced at $405,000.  It is one of four Mongoose-located businesses on the market.

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