St Croix USVI

[Alberto Furet]

Are there any BP members on St Croix? I'm looking to buy a vacation home/rental and I'd like to find other people that are involved in REI on the island.

[Gregory Bennett]

Sorry I took so long to respond. I stayed at a VRBO in Red Hook (east end). For your criteria in general, you can certainly find a few deals (low 2s - high 3s) both off market and listed. Id say St Thomas or St John would be better in terms of location, ease of transportation among the USVI (A few tidbits I observed and noted: The HOAs (fee seems to range 200-500) may not be so bad an idea for a more hands off approach unless, you plan on managing the property yourself; most of the 3/2s I saw were other vacation rentals, not so many in the way of residences for locals; cost of ownership increases much higher in the long run after running the numbers on a few existing rentals due to stamp tax, increasing insurance costs, specifically the hazard insurance (CBS homes have lower premiums); replacement costs for wear and tear due to the salt water…etc. I have some other notes I took after a good conversation with a local agent/investor if you want more details shoot me a message.

All the best