Several real estate sources are saying it's a done deal. One of them, Pia, posted on TripAdvisor on New Year's Day, "Maho Bay Campground has been sold and the purchase was completed on December 27th 2012 :(."
Selling price is said to be $13.9 million. The original asking price for the north shore, waterfront property was reported to be $23 million. That was reduced to $19.5 million in May of 2012. But after reading this post, Mahoviews said, "The original asking price was $32 million, which is about right for St. John standards……selling for about 1/2 the asking price."
The buyer has not been identified. A comment on TripAdvisor was posted by Melia: "Rumor has the purchaser a wealthy individual with a strong interest in preservation." Fact, fantasy or wishful thinking – no one knows for sure.
Closing time for Maho Bay Campground is about 135 days away. The founder, Stanley Selengut, opened the eco-friendly resort 37 years ago but wasn't been able to extend his lease beyond May 15, 2013. So, time’s up, and he’s preparing to close.
Late last week, the St. John Source quoted Maho’s manager, Adrian Davis, saying something’s up. He told the online news site buyers have been doing due diligence in the form of environmental impact studies and surveys. He knows no details, only that “It’s extremely close to changing hands.”
There were no names being mentioned, and there is no talk of what kind of development might be proposed.