Description
Set yourself up for success in this solidly constructed masonry home, ideally perched above Mahogany Run and just minutes from world-famous Magens Bay Beach. Eligible VA buyers may have the opportunity to assume the sellers' existing VA mortgage at an attractive 5.75% interest rate, a valuable financing option in today's rising-rate environment that could mean significant savings over the life of the loan. Bright, airy, and thoughtfully configured, the property features a spacious 3-bedroom, 2-bathroom main residence plus two private 1-bedroom, 1-bathroom rental units, offering excellent income potential to help offset monthly housing expenses. A large driveway provides ample flat parking, while solar power helps significantly reduce electric costs. With durable masonry construct built-in rental income, and the potential to take advantage of a 5.75% VA assumable mortgage, this property offers a compelling opportunity to enjoy island living while putting your property to work for you. Conveniently located near Magens Bay, Northside restaurants, and shopping in Tutu. VA buyers, ask for details on the assumable loan and qualification requirements.
-
5BEDS
-
0.39ACRES
-
4BATHS
-
01/2 BATHS
-
2,700SQFT
-
$352$/SQFT
School Ratings & Info
Description
Set yourself up for success in this solidly constructed masonry home, ideally perched above Mahogany Run and just minutes from world-famous Magens Bay Beach. Eligible VA buyers may have the opportunity to assume the sellers' existing VA mortgage at an attractive 5.75% interest rate, a valuable financing option in today's rising-rate environment that could mean significant savings over the life of the loan. Bright, airy, and thoughtfully configured, the property features a spacious 3-bedroom, 2-bathroom main residence plus two private 1-bedroom, 1-bathroom rental units, offering excellent income potential to help offset monthly housing expenses. A large driveway provides ample flat parking, while solar power helps significantly reduce electric costs. With durable masonry construct built-in rental income, and the potential to take advantage of a 5.75% VA assumable mortgage, this property offers a compelling opportunity to enjoy island living while putting your property to work for you. Conveniently located near Magens Bay, Northside restaurants, and shopping in Tutu. VA buyers, ask for details on the assumable loan and qualification requirements.
© 2026 St. Thomas Board of Realtors Multiple Listing Service & St. Croix Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information displayed on this website for listings other than those of the website owner are displayed with permission of the St. Thomas Board of Realtors Multiple Listing Service (MLS). Real estate listings held by brokerage firms other than the owner of this website are marked with the words “Broker Reciprocity" or logo. This website may not display the entire St. Thomas Board of Realtors MLS active database, as some owner(s) of records may not have given permission for their listings to be displayed. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Data last updated: 2026-10-17T23:15:29.823.