Virgin Islands – Real Estate
St. Thomas – The most cosmopolitan of the Virgin Islands.
People from St. Thomas are called St. Thomians (pronounced toe-me-ins).
St. Thomas is home to the capital of the U.S. Virgin Islands – Charlotte Amalie. Charlotte Amalie is one of the busiest cruise ship ports and shopping destinations in the Caribbean Islands. Private businesses thrive on a tourist based economy.
St. Thomas is the second largest of the Virgin Islands. It is in close proximity to St. John and Water Island, and approximately 40 miles from St. Croix. St. Thomas is known locally for its ‘big city’ feel, as it is home to a more bustling community, larger stores and many businesses. Although St. Thomas is a busy little island, it is still little, only 31 square miles. Beautiful beaches, great dining, fun bars, active water sports and entertainment are available.
St. Thomas is often the newcomer’s choice because of a wider selection of job opportunities and stronger possibilities for entrepreneurship. There are many associations to participate in from Rotary clubs to Girl Scouts and Boy Scouts, Chamber of Commerce and Yacht and Fishing clubs among others.
St. Thomas has large grocery stores and bulk stores. St. Thomas has a large airport. A medical hospital and abundant doctor offices are available. Education facilities from elementary to university are available. Apartments are fairly easy to find, real estate options are good. St. Thomas is a Caribbean island with a wealth of American amenities.
The real estate market on St. Thomas includes homes, land, condos, time shares and commercial sites. Prices range from $100,000 for a 2 bedroom, 1 bath house in downtown Charlotte Amalie to $3,800,000 for a 3 bedroom, 3.5 bath house on a 1.15 acre lot in Nazareth, on the east end of the island. The average price of all 73 houses listed is approximately $860,500 with the greatest concentration of properties in the $300,000 to $599,000 range. Houses are generally situated on a half acre lot. In densely developed areas a quarter of an acre or less is typical.