St Croix real estate - the exotic place to buy
They call St. Croix the Big Island. The houses on St. Croix tend to be more spread out than on St. Thomas. St. Croix is the most livable of the U.S. Virgin Islands and at the same time real estate on St. Croix is more affordable than on St. Thomas or St. John. It is the largest of the U.S. Virgin Islands and has many fine houses, hotels, restaurants, and beaches. St. Croix, the largest of the Virgin Islands, is home to diversification in people, culture, architecture and history. St. Croix’s landscape is equally diverse: the topography changes from flat agricultural land to rolling hills; arid areas to lush vegetation; countryside settings to dramatic sea views. Whatever your likes are, there’s bound to be an area in St. Croix that appeals to you. The diversity of the island is reflected in the real estate market. Properties of all types can be found on St. Croix including high-end houses, fixer-uppers, condominiums, commercial properties and undeveloped land. With an inventory of 793 listings as of February 2007 on the market, St. Croix has a lot to offer. There are presently 201 homes listed that vary from fixer uppers to luxury properties. The price range of houses currently on the market is $60,000 for a 3 bedroom/4 bath on .10 acre lot in East Street Christiansted, to $6,500,000 for an 7 bedroom/6.5 bath on a 12.9 acre lot in Catherines Hope. The average price of all homes currently listed is $825,192. The greatest number of properties range between $150,000 and $500,000 with a fairly equal distribution of homes between $500,000 and 1 million. Luxury homes worth $1,000,000+ make up about 25% of the residential market. As would be expected, these homes are worthy of design recognition. The $500,000 and upwards price range affords exquisite properties with nicely appointed interiors, spectacular views and ideal locations. Properties in the range of $250,000 to $500,000 are also beautiful homes with views, pools and good neighborhoods. The price range of $140,000 to $250,000 yields comfortable homes in good areas, convenient to everything. Homes under $100,000 are typically fixer-uppers or modest homes. Many of the residential properties on St. Croix are designed with apartments attached to the main house or detached cottages. The additional income could be a welcomed asset. Most residents finance their homes through conventional mortgages with local banks. Interest rates are slightly higher in the Virgin Islands than on the mainland. A typical down payment is 20 to 30 percent. Banks require earthquake and windstorm insurance with mortgages; the cost is around 2-3% of replacement value. Property taxes are levied at 1.25% / $1000.00 of 60% assessed value of the property or $0.75 per $100.00 assessed value.
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St Croix Vacations site
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In the link section, you can check more links to our travel website network as well as to other third party specialized websites as lastminute.com or orbitz.com which we suggest you to visit if are you planning a trip to St Croix Virgin Islands.
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