Development/Commercial Opportunities
Bethany Resort    |    Hansen Bay    |    Voyages Building
Little Plantation    |    Mango Terrace    |    Cruz Bay Town
Bethany Pool Villas    |    Land - B-3 Zoning

As mentioned previously, the land is 19.2 acres in aggregate. This amount is split between 14.0 acres of raw land, and 5.2 acres of a deep pond. Please note that because of the depth of this pond and the vegetation that grows around it, this pond is unlike many of the other salt ponds on the island - please note the pictures in this document for review.

Other information relevant to this property for development:

• Topography - Moderate incline
• Ground Cover - Scrub Brush with low growth trees
• Zoning - R1 Residence, Low Density
• Utilities - Underground electric, phone, cable
• Association - This land is associated with Privateer Bay (see below)

The land, in the opinion of the Seller, offers a great opportunity for strong return on investment and a chance for a developer to have a project on an island that is achieving strong growth and economic opportunity. In addition to the information provided above, the Seller wishes to note some of the intangible values of the land:

• Location on Island - The property is located on the far eastern side of the island, the furthest point on the island from the main town centers of Cruz Bay and Coral Bay. While these two town centers are still easily accessible (drives of about 30 and 10 minutes respectively), the eastern side of the island is one of the few areas where homeowners can live in an isolated and quiet area unimpeded by commercial activity, yet still be very close to the amenities and comforts that a town center provides.
  
  
• Scarcity of Land - Due to the limited supply of land on St. John, the fact that the vast majority of the island cannot be developed, and the high demand, raw tracts of land such as this one are rare and hard to find. These facts, plus the strong appreciation of the value of land in recent years provides a developer with a strong opportunity to develop a unique niche offering for the island that will place their product in high demand upon completion of development.
  
  
• East End Climate and Winds - The United States Virgin Islands is known for their beautiful weather and calm trade winds that blow throughout the year. This parcel is well located to take advantage of these trade winds that blow from the eastern side of the island. This weather pattern makes the land ideal for people wishing to build residences on the island that will take advantage of the natural beauty of the island.
  
  
• Beautiful Ocean Views - All lots on this property have beautiful ocean views of surrounding islands and down-island St. John. In addition, the top lots of this property may have views that also include the British Virgin Islands. These top lots may have views extending on both sides of the property and thus offer premium resale value.
  
  
• Surrounding Developments - The property is in an area that is quickly becoming a high end residential district on the island. Other developments in the area such as Dreeket's Bay and Privateer Bay have sold successfully. In addition, areas surrounding the property are currently planned for high end development, thereby enhancing the value of the area (please speak with Merry Nash for more information regarding the most recent developments on the East End Quarter).
  
  
• Recent Growth of Coral Bay - About a 15 minute drive from the property is the town of Coral Bay, one of the fastest growing areas on St. John. Current planned developments include the refurbishment and extension of the Voyages building (next to the Cocolobo shopping center) for commercial and residential usage, the contracted purchase and development of a new subdivision less than one quarter mile from the downtown Coral Bay area, and the extension of a road connecting Coral Bay with the Bordeaux Mountain area of St. John. There are plans for a new marina in Coral Bay for which plans have been submitted and approved.
  
  
• Association with Privateer Bay - Perhaps one of the most prominent features of the property is the land's association with Privateer Bay. This association with Privateer Bay allows owners of land to use the private beach access allocated exclusively to Privateer Bay Association members, and the right to rent/use the private beach villas located on the beach access land.
  
  

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For more information contact:

Merry Nash
340-776-6666
MerryVI@aol.com