The 6 Most Affordable Homes for Sale on St John
St John is the crown jewel of the US Virgin Islands. With 70% of its land and waters protected as a National Park, developable land is limited. The Park’s protection has kept the island pristine and beautiful, making it a top global destination. This has for decades limited the supply and driven the already rabid demand through the roof as people clamor for the opportunity to live and vacation on St John. These economic factors have made the cost of Real Estate pretty high with the average home prices $1.2 Million in 2019. But suddenly there are some new affordable opportunities on island which has not happened in over 20 years. With rent running up to $2000/month for a 1 bedroom and a mortgage for $350,000 costing about $1750/month, residents and those who dream of being residents should seriously consider these opportunities before the market swoops back up. There are currently 6 homes under $500K(5 of them under $400K!). Here are the 6 cheapest move in ready homes currently on the market.
#1 An off the grid Eco Cottage with stunning tropical gardens comes in as the lowest price home on the market. $339,000
#2 This multi unit container home offers an income opportunity while still living in one of the other units. $350,000
#3 This cute little Caribbean Cottage has big views over Coral Harbor, Hurricane Hole and to the British Virgin Islands. $365,000
#4 This freshly renovated tiny home is located close to Cruz Bay with views over the Westin $369,800
#5 A craftsman built “Bunk House” with amazing details and solid construction. $379,000
#6 - Big views from this cute cottage with lots of room to add on more space and a pool $475,000
You can see all of the listings under $500,000 on St John here. Or contact us to get set up with MLS access so you can scan listings on your own!
We can help you get started with a lender or set up appointments to go view one of these great opportunities to get in on St John Real Estate. jared@stjohnhomesandvillas.com 340-626-8229