Buyer's Information

Significant Developments:

• Property on St. Croix has been historically undervalued and at the beginning of a strong ascent in pricing. Land in nearby St. Thomas and St. John sells for significant more.
• Carambola Beach Resort, just down the road from our property, has a championship Robert Trent Jones designed golf course. Carambola was a former Rockefeller holding.
• Tribal Nation, owner-operator of Foxwoods Casino has recently received Coastal Zone Management (CZM) approval to develop a 600-acre resort and casino in conjunction with William and Punch Partners, a St. Croix development group. Amalago Bay envisions a main casino-hotel complex with 322 rooms, three swimming pools, an inland lagoon with a 64-slip marina, an 18-hole golf course, an additional 56-room beach hotel, and many other high-end amenities. This planned complex is about five miles from our property.
• Wyndham Hotels and Resorts announced their involvement in a luxury $250 million complex including a 43,000-square foot conference center, a 400-room resort, golf course, and casino.
• Walmart has moved onto the island, building a new center on a 44 acre parcel.
• The political climate on St Croix welcomes more development. Governor John deJongh is actively supportive of business development.

The Neighborhood: The Northwest portion of St. Croix is one of the most stunning and dramatic parts of the island. Our nearest major neighbor to the West is Carambola Beach Resort. The championship Carambola Golf Course is just over the mountain to the South of our property; world-class diving is available directly from our beachfront. The Northstar land is also well protected on its high side by its natural topography.

Property Development Vision: A detailed vision for a unique development of Eco-Villas with solar and small vertical access wind design, botanical gardens, and related amenities is available to qualified buyers.

Elevation: The Estate Northstar’s highest elevation is 770 feet at the Southeast corner of the property, and is adjacent to Mt. Eagle, the highest point on St. Croix (1088 feet).

View: Caribbean Sea Views to the North are spectacular. From the top of the property St. Thomas and St. John are visible 40 miles to the North.

Economic Development Commission Tax Benefits: There are strong tax benefits available for companies making St. Croix their primary location. For qualifying companies, these benefits include a 90% tax exemption on local income taxes, a 100% exemption on Property Taxes and Gross Receipts, and a 90% exemption on dividends. For detailed program information contact Economic Development Authority Tax Benefits or at 340-773-6499.

Conservation Easements: This property is uniquely suited for a conservation easement as a complementary part of an overall development plan. Its lush beauty presents the opportunity to create a beautiful nature sanctuary with walking trails that could provide tax-favored benefits for the developer or pass-through benefits to the ultimate owners.

Ecological/Environmental: Beautiful old-growth mahogany forest and a diversity of rare species of plants are abundant on this land.

For Sports Enthusiasts: World-class snorkeling and scuba diving right from our beachfront; Award Winning Golf at the Robert Trent Jones designed Carambola Golf Club just over the mountain; An International Iron Man Event has cyclists sprinting right up the edge of our property; and many other activities in this year-round paradise.

Zoning is R-1 residential which permits 1/2 acre parcels to support luxury residential housing or eco-villas, condominiums, and time-share development.

Ocean Frontage: 485' at high water mark. There is significant additional ocean frontage immediately available on both sides of our Northstar property.

Roads: The property has access through two roads. Route 80/Northshore Road runs East-West along the Caribbean Sea on the North side of the property. Route 69 (Also called "The Beast" because of the challenge it offers to triathletes during competition races) runs North-South along part of the Western boundary.

Public Utilities: Electric and telephone service available at property boundary.

Water and Septic: Drinking water on the island is provided by wells and cisterns. Any development plan would utilize septic systems or a filtration system as no public sewer is present in the area.

Title: Fee simple. Title report is clean and shows no unusual 'Schedule B' exceptions.

Taxes: Less than $5,000 per year.

Selling Price: $1,950,000

Transaction Handled by The Kripalu Trust. Brokers protected.

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Contact us by email or phone (518) 239-4717 with any questions, or for more information.