30 Acres Waterfront Development Land with Beach Access - St. Thomas, USVI

This listing presents a rare opportunity to acquire 30 acres of undeveloped waterfront land on the desirable north side of St. Thomas, USVI, offering stunning Atlantic Ocean views and direct access to a private beach. Nestled between the prestigious neighborhoods of Peterborg and Mahogany Run, this parcel boasts R-3 zoning, permitting a wide range of development possibilities including single-family homes, multi-family dwellings, apartments, condos, and supporting commercial businesses. The property features two access points and paved road access, with one access point being walking distance to the famous Magen's Bay Beach. This is an ideal prospect for developers looking to subdivide lots after establishing infrastructure, or for investors seeking to capitalize on the Caribbean lifestyle and US address. The asking price has seen a significant reduction. Property taxes are the only current expense, amounting to $15,349 annually.