Why Buying Land in St. Croix is a Great Investment
Some of the most reasonably priced and affordable land in the entire Caribbean is on the beautiful island of St. Croix in the US Virgin Islands. Prices start around $20,000 and go up from there, depending on location, lot size, and views. There’s flat land, gently sloping land, steep land, hilltops and, of course, waterfront galore! Depending on what you’re looking for, St Croix has it all.
What it Costs to Buy St. Croix Land for Sale
If you want something flat and easy to build on, you can get a really nice lot in a great location for around $40,000. If your dream is to wake every morning to a Caribbean Sea view, you’ll be looking at prices starting around $50,000 for parcels at elevation; an amazing ridgetop lot that has a nice flat building spot on it with an expensive panoramic ocean view can be found for around $150,000, with some smaller parcels closer to $100,000. Or if you’re looking to be right on the water, beachfront lots start under $200,000 — an unheard-of value for such property anywhere in the Caribbean!
Low Carrying Costs for St. Croix Land Investment
St. Croix also has some of the cheapest property taxes in the United States, with the tax rate of 0.495% of the assessed value, your holding costs for a long-term investment are minimal. And because St. Croix is part of the United States, you have the same property rights, title insurance, and all the protections of land ownership that you get on the mainland.
Buying St. Croix Land is a Great Value
Compare these costs to other islands, and you’ll quickly see that St. Croix is the best place to invest for vacant land. If not for yourself, why not invest in a piece of paradise for your kids or your grandkids… someday, they will thank you!
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