340 Real Estate Company is offering Property for Sale on St John in the USVI. Licensed US Virgin Islands Real Estate Broker and Owner of 340 Real Estate Company, Tammy Donnelly, has been living on St John since 1978. Tammy has served on the St John Board of Realtors for seven years; two terms as President, a Board member of the Fish Bay Owners Association, and supports many other community service organizations.
340-643-6068 | 340-779-4478
Ownership is “fee simple” being under the U.S. flag here. There are no restrictions against purchasing solely for investment, and no laws dictating when, if ever, you must build on undeveloped land.
Property taxes are relatively low compared to many stateside areas. The property tax is based on the purchase price multiplied by following mill rates:
Homes/ Condos .003770 Commercial .007110
Timeshares .014070 Land .004946
All real estate transactions require a Government Transfer Tax (stamp tax), which can be paid by the buyer or seller; however, the Government holds the seller responsible for the payment at closing.
2% for property valued up to $350,000
2.5% for property valued from $350,001 to $1,000,000
3% for property valued from $1,000,001 to $5,000,000
3.5% for property valued over $5,000,001
Mortgage loans are available with banking institutions doing business in the Virgin Islands and with Leeward Island Mortgages. The buyer is responsible for the payment of a property appraisal, a survey and surveyor’s certificate, title search and title insurance, and bank attorney fees.
Windstorm and earthquake insurance is required for all home mortgage loans. The cost is approximately 2% to 3% of the replacement value. The cost varies due to types of construction, hurricane shutters and more.
All new construction must be engineered and built to VI building code to withstand at least 110 mph wind speed and Zone 4 earthquakes.
Building costs are approximately $400.00 per square foot and up, depending on the finishes.
Residential Properties: Approximately 120 properties available ranging from a modest one bedroom cottage priced at $129,000 $299,000 to a luxury villa in Peter Bay for 6 bedroom villa at $14 million +.
Condominiums: Approximately 13 almost carefree properties ranging from a one bedroom unit priced at $300,000. to an elegant 3 bedroom Sirenusa unit $2 million plus.
Land: About 178 listings very different properties starting at $45,000 for a lot comprising less than 0.25 of an acre to large parcels with subdivision possibilities priced as high as $5 million plus.
Commercial: Most commercial real estate for sale are leaseholds. Occasionally an actual building & plazas are listed for sale.
Fractional/Timeshare: At least 78 dates and timeframes to own your piece of the Rock. “Timeshare” generally refers to the Westin, but there are others.
340-643-6068 | 340-779-4478
Please send an email inquiry from the page of each vacation home of interest. Our homes are owned or run by a number of individuals and management companies and they all do their own booking. The email link on each home’s page will get you directly to the person who can help! We at stjohnlinks.com do not do bookings.