On the Market: Inexpensive Parcel in Coral Bay

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For those of you looking to build on island, this may be the parcel for you. Listed at just $82,500, this half acre parcel is located in Estate Carolina in Coral Bay. It’s a gentle sloping, downhill parcel just minutes from the shops and restaurants of Coral Bay. A driveway was excavated for the parcel back in 1998 and has remained perfectly intact since.

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Looking for more information? Contact Tammy at 340 Real Estate Co. at [email protected]


On the Market: Concordia

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Now here’s a pretty interesting business opportunity for the right person. Check out this story by the St. John Tradewinds:

Eco-tourism Guru Selengut Seeks Buyer For Concordia With Eco-developer Vision

World renowned eco-developer Stanley Selengut is in retirement mode and has asked a long-time/part-time St. John resident to assist him in his search for the right person to carry on his pet project on St. John, the eco-resort Concordia in Estate Concordia on the southeast tip of the island.

The resort is in a pristine area with sixteen contiguous lots overlooking historic Ram’s Head, Salt Pond Bay, Drunk Bay and Nanny Point which Selengut previously deeded to the V.I. National Park.

“Stanley asked me about six months ago if I would help market the property,” said New Jersey Attorney Jack Zakim. “I am marketing it casually.”

“I put together a power point presentation of the property with photos, a few short videos and Stanley’s bio that will enable you to learn about the property and the man in a matter of minutes,” said Attorney Zakim.

Selengut Wants Eco-tourism To Continue
Selengut told St. John Tradewinds earlier this year that he would prefer to work with a buyer who wanted to continue his eco-tourism approach to Concordia and Zakim hopes to accomplish that as well.

Zakim, who said he met Selengut for the first time in an airport about ten years ago, has a long association with St. John, having first built a house on Ajax Peak in the early 1980s and subsequently becoming involved in the owners association of the Gallows Point Resort.

“Concordia is located on the pristine southeast corner of St. John overlooking Salt Pond Bay, Ram Head and the Caribbean with fabulous vistas,” according to Zakim’s promotional literature.

“The eco-resort caters to tourists who enjoy quiet relaxing vacations with close proximity to beautiful beaches, hiking trails and the splendor of the National Park which surrounds this magnificent property which has a mix of 17 cottages constructed with recycled material and 25 eco-tents,” it continues.

“The eco-resort is operated by a dedicated management team who love the property and enjoy their work as evidenced by a virtual 100 percent occupancy rate during the season and a healthy bottom line,” the promotional literature adds.

“This is a rare opportunity to acquire a special property with a profitable, green, sustainable, business in the U.S.A. that can be absentee operated by a great management team with room to grow the business and continue the mission of my good friend who has been an inspiration to many,” said Zakim.

Extensive Property Holdings for Sale
In addition to the resort which sits on an assemblage of approximately twenty acres zoned W-1 (waterfront pleasure use), Selengut owns fifteen vacant parcels, most with spectacular views that will be offered as an assemblage with the eco-resort to the right party, according to Zakim.

A description of the lots is available in the link http://www.digitaldudes.com/concordia-index.html under “Downloads”/”Land Parcels”.

Since two-thirds of St. John is owned by the U.S. National Park Service which surrounds the eco-resort, there is virtually no commercial development in the area where the few isolated parcels of private property that occasionally come to market are sold at a premium, according to Zakim.

Selengut also owns a nearby guest house in Estate Mandahl leased to resort employees for affordable housing and a contiguous five acre parcel within walking distance of the eco-resort, Zakim added.

For information and photos of the island and eco-resort, please click on http://www.digitaldudes.com/concordia-index.html and if you have questions call (201) 488-7211 or email [email protected]


Popular Cruz Bay Restaurant Lists For Sale

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Now this is a great opportunity for the right person … perhaps a News of St. John reader???

Cafe Livin, the popular eatery located at Wharfside Village just listed for sale. The asking price – $295,000.

The price seems a tad steep, but you really can’t beat this location just steps from the ferry dock and Cruz Bay beach. According to its listing, the business is turn-key and quite profitable. Its ad describes is as being “a true moneymaker with tremendous upside.”

Cafe Livin is currently open seven days a week, serving breakfast and lunch. It has limited dinner service and catering as well. There’s definite potential to grow this business if a consistent dinner service was added in our opinion. Maybe you’re just the person to do that…

The sale comes with a 20-year lease, according to the listing. Monthly rent is just over $4,500.

Want to know more about what’s for sale on the island? Check out one of these real estate companies:


On the Market: Sweeping Views of Coral Bay Harbor

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Think you have what it takes to build on island? Looking to build your dream home? Then you may want to check out this parcel that recently hit the market…

Located in the Seagrape Hill neighborhood high above Coral Bay, this .30 acre parcel has panoramic views of Coral Bay Harbor, as well as gorgeous valley views. It’s situated on a gentle downhill slope making this an easy build.

The lot is access by paved roads and has utilities in place. It can be yours for only $149,000.

Want more information? Contact Tammy at 340 Real Estate Co. at [email protected]