Exclusive Caribbean Property for Sale in Saint Thomas Vi, Water Island, US Virgin Islands

Exclusive Very Private Caribbean Property

Water Island is part of the US Virgin Islands. It is a 500 acre island accessible by ferry or by boat and located less than a mile south of Saint Thomas. This property is located on a 116 acre plot known as “Sprat Bay Estates” is a private community with a Home Owner Association and offers a private marina for boats up to 30 ft. Private beach with pavilion and tennis court. Homeowners do share ownership on all the common properties including roads. There are only 25 homes on Sprat Bay Estates and many lots are dedicated to conservancy therefore the density is very low. This property is 1.04 acre of gentle sloped land with a great view of the Elephant Bay Harbor and St. Thomas water front. Construction began in 1992 and halted in 1993 due to the owner transferring to Florida. At this time this construction consists of the first floor with slab, walls, plumbing for two bathrooms, a 24,000 gallons cistern and septic tank. Strong CBS construction with filled cores. Previously approved plans need to be reinstated. This is a great opportunity to purchase a piece of Paradise with a tremendous investment outlook. Most of the hard work is done. The house needs to be finished. Very hard to find one acre lots in the Caribbean.