#1. I don't understand why in the world someone would rather have an updated kitchen over a waterfront location? Maybe it is just me, but to upgrade a kitchen and bathroom seems minor compared to the long term value of a beachfront property.
#2. I don't understand why someone would rather have a fixer house that needs hundreds of thousands of dollars into it; only to use it as a rental income property... when they can get an amazing deal on a furnished condo that will most likely still appreciate more in the long run than the house ever would, and will bring in more income than that house?
#3. I don't understand why an investor would rather invest in a property with two bedrooms than a studio? I understand the thinking behind it. But when people look to rent in the islands, location location location. So who cares if it has two bedrooms. If you don't have the location, the studio is always going to generate more income.
#4. I do understand why St. Thomas will continue to be a great investment: we are one of the largest cruise ship ports in the world. We are the business hub of the VI. We have sailing, fishing, beaches, and hundreds of islands to visit. We have great weather.
#5. I do plan to personally invest as much as I possibly can into Virgin Island real estate while prices remain low.
#6. I do understand that if I don't keep updating my website daily, you won't come back. Then my feelings will be hurt. Then no one will be happy. Seriously though, I am working on it.
When you arrive on island, let me take you to Bad Ass coffee, or meet up with you at Duffys in Red Hook.
Happy Fourth of July :)
Fully Furnished
• 1 bath single story - $114,900 - Priced to Sell!
Mahogany Run Golf Course Resort Community, St. Thomas - Beautiful fully furnished condo in Fairway Village. Steps from swimming pool, golf course, and Mahogany Run Grill room. Minutes to town and red hook. This unit is a must see and a great deal. Won't last long.
Property information
We just reduced our Mahogany Run unit by $30,000. This unit is fully furnished and remodeled. Wow! Can you believe that this unit has...
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Any residential property on St. Thomas that can be purchased for $100,000 or less is an absolute no brainer.
Here are three reasons why:
#1. Interest rates are still near historic lows.
#2. Average rental price for a descent studio is still around $1,000 per month without utilities.
#3. Because there comes a price point in which no matter who you run the numbers it is a safe investment.
We do not have any homes at this price point. We have a very few condos. If you would like me to send you any properties in this price point please contact me: http://www.sellvi.com
Happy House Hunting.
Over the past 8 months we have been posting sales statistics for the St. Thomas/ St. Croix real estate markets. These statistics can be downloaded here: sales report.
We are planning on adding a new monthly report. As a consumer what report would you prefer to see?
Monthly Price Trends
Months of Inventory - Seller Statistics
Average Days on the Market vs Sold Price
-- Or maybe there is another statistic that may help you in assisting you in preparing to buy or sell property in the Virgin Islands.
Opportunity Unlimited
• 2,000 sq. ft. commercial - $4,000 USDMonthly - Owner Motivated
Red Hook, St. Thomas - Fabulous commercial space with expansive main level and mezzanine. Perfect for office, retail, gallery or coffee shop....or use your imagination! Wonderful foot traffic from Red Hook Ferry, busy market and popular restaurants, bars and club. Excellent visibility in bustling Red Hook!
Space was built out as a gallery and has tons of potential to customize. Ample storage, restroom on site, great flooring and cool ramp to mezzanine level. Let you imagination be your guide! Insurance
Property information
Rare Red Hook Space
• 900 sq. ft. commercial "Office Space" - $6,500 USDMonthly - Make an Offer
Red Hook, St. Thomas - Gorgeous stone building completely finished with high end travertine and beautiful woodwork. Two levels with sweeping interior staircase. Expansive windows for wonderful light. Incredible visibility for your business. Adjoining deck space available separately. Ample parking and great foot traffic from Red Hook Ferry dock.
Property information
Fully Furnished
• 1,250 sq. ft., 2 bath, 2 bdrm 2 story "Upper Unit" - $339,000 - Owner Motivated
Mahogany Run Golf Course Resort Community, St. Thomas - This unit is in excellent condition and has been remodeled and furnished with gorgeous pieces from Silk Greenery, a beautiful local furniture store on St.Thomas From this top unit you have views of the entire golf course and nice breezes.
Property information
A true caribbean villa
• 3,850 sq. ft., 3 bath, 3 bdrm other "Caribbean Villa" - $175,000 - Make us an offer!
Tabor and Harmony, Great Northside - VILLA MIRADOR! Million dollar view! Walk through the private gate and be transported to a glorious island retreat. Incredible finishes throughout with imported Italian marble, coral stone and custom tiles. Gourmet all stainless kitchen. Fabulous pool area with extensive patio perfect for entertaining.
Property information
Waterfront
• 1,462 sq. ft., 2 bath, 2 bdrm single story - $635,000 - Priced to Sell
Cruz Bay, St. John - This unit is a 2 bedroom lockout unit. Allows for owner to live in one and rent the other. One bedroom on one side, other bedroom has galley kitchen. Must see!
Charming waterfront condominiums ideally located within walking distance of restaurants, shops and galleries with incredible views of the harbor. Walking distance to Wharfside Village, Mongoose Junction and the best restaurants on St. John.
*Please note. Pictures are of model unit. Unit sizes and layouts do vary. Inquire for specific floor plan layout.
Property information
With on island housing prices falling to more reasonable levels, we are starting to see more and more condo owners take the leap from owning a condo to owning a house. This creates a floor on housing prices (median price $600k) which to some could be seen as a downside. The upside to this is that due to the rise in condos on the market, we are seeing prices become within reach of many buyers who would not be able to afford one of these before.
When searching St. Thomas Condos here are a few places great deals can be found:
Cowpet West - located next to the Yacht Club
Cowpet East - located near Yacht Club and Ritz
Anchorage - next door to Yacht Club - features tennis courts and pool
Mahogany Run - Units available at fairway village, tennis village, and ocean side views
Sapphire House - best deals at Sapphire can be found here
Please let me know if you have any questions about any available units on the market.
Today I added new search links for each type of property available on each island: (condos/st. thomas) (homes/st. croix) etc.
One problem I am encountering is that I don't want to have too many links on the homepage. I could take these away and make a new page that houses all the links. On the other hand, it would be very convenient to be able to access everything from the link bar.
Here at Sea Glass Properties we want to make sure you experience the best online viewing experience, so any input would be greatly appreciated!
Nick
I don't feel bad for my new main photo. I am sorry, but this is the Virgin Islands and the whole reason for moving here is to take a step away from the rat race and enjoy life. There are a ton of opportunities to be had and I love what I do.
While many people may think that business is business and it doesn't matter where you live, I have to disagree. Yes, there is a time for work and a time for play, but in this business we are all about relationships. So at the end of the day who cares if my profile picture isn't of me in a suit and tie.
Let's make something happen!
Hello again,
Today I want to outline the new updates that we have added to our marketing plan. As well as inform you of a few milestones that we have reached.
Virgin Island Daily News:
-- We have begun an "all out" marketing campaign with the the Virgin Island Daily News website. As you click through the classifieds and throughout the website you will see "Sea Glass Properties" throughout. You can visit the site at www.virginislandsdailynews.com.
St. John Realty .net
-- Finally, I have had a chance to ad another website to our portfolio. www.stjohnrealty.net will now be back online this week. We will begin to feature our St. John properties for sale and for rent on this website. Our goal is to proactively reach as many clients and customers as possible. This website will be powered by Sea Glass Properties and will also have information about our St. John agents.
WSJ.com
-- Last week I was featured in an article on the Wall Street Journal online edition. The quote appears to be that I am talking about toothpaste and hamburgers. Nonetheless, that was the writer's personal thoughts. I had mentioned a few things throughout the article and as an exposure tool, we are definitely getting our name out there. This is a huge milestone for myself personally, and our company as we look to grow. You can access this article at: http://online.wsj.com/article/SB123576240084196371.html
Virgin Island Daily News Island Trader
-- The last three weeks we have been running six inch by six inch ads. We are working on cornering the rental market on the island. In addition to running these ads we are featuring all of these properties on sellvi.com
Sales Reports
-- Watch out for February's sales report. It should be online in the next few days and have all of the numbers you need to make a decision on when to buy.
Milestone
-- February marked the second month in a row in which www.sellvi.com reached 6,000+ unique visitors. This number has allowed us to be one of the hottest real estate websites in the Virgin Islands. I would like to thank you for your support.
Updates
-- I will continue to ad new tools and information to this site. If there is anything you see that you feel is unnecessary or that you would like to see on this website please let me know.
If you have any friends, family, or people you care about looking to buy, sell, or rent in the Virgin Islands please let me know!
Have you been considering moving to the Caribbean? Not sure if it is the right move for you?
Imagine this: you wake up at 6:30am to the sun rising over the British Virgin Islands. Outside the temperature is a cool 73 degrees.
After your morning jog along beautiful Magens Beach, you prepare for the day: sandles, shorts, and a short sleeve shirt.
So you head off to work. For some, that may not exist. So you head to the beach. Or sailing. Or to the Yacht Club for tennis and relaxation.
For others: off to work you go. You pick up a copy of the Daily News, grab a coffee at Bad Ass Coffee in Yacht Haven Grande, and go do your thing.
Me personally, I walk out to the dock in Yacht Haven. I sit down at my desk overlooking the water and watch the boats come in all day.
When I feel like my day has been tough, I look outside. If my day has been tough; I go home, put on some shorts and head to the beach.
We only live once. No reason to wait for happiness.
I hope you are having a great day!!