St. Thomas Real Estate: General Information
St. Thomas real estate offers the best of both worlds-familiar
and foreign-for the buyer. This, the most developed of the US Virgin Islands, lies
in the northern Caribbean east of Puerto Rico and is easy to reach from many points
in North America. St. Thomas real estate also benefits from a proximity to endless
shopping, dining and sporting opportunities. The beaches here are among the best
in the Caribbean. Privacy and luxury are trademarks of real estate in St. Thomas,
whether set aside as a second home or rental investment.
- Stamp duty: 2.5-3% of the purchase price, generally paid by the seller, but negotiable
- Legal fees: vary, but typically between $1,500-$2,000
- House insurance: approx. 3% of insured value, paid at closing
- Real estate is owned fee simple
- Property tax levied according to house value
- Financing available on-island and for flexible terms and competitive interest rates
as well as through several stateside companies
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.