As a popular holiday destination in the Caribbean, Saint Thomas features numerous vacation homes and rental properties, ranging from opulent villas to studios and condos.
Condos are particularly desirable because they are relatively more affordable. They provide a number of other benefits, as well, especially for those looking for a second home or investment property in the US Virgin Islands.
There are several condo communities throughout Saint Thomas, with the most coveted condos for sale in the island. If you plan to buy your very own condo, your community choices include:
- Cabrita By the Sea in Cabrita Point
- Anchorage Beach Villas in Deck Point
- Mahogany Run condominiums
- Sapphire Village at Sapphire Beach
- Marriot’s Frenchman’s Cove
- Frenchman View
- Cowpet Bay East and Cowpet Bay West
Features and amenities of condos in Saint Thomas
Condo complexes in St. Thomas boast top-of-the-line amenities that include:
- Swimming pools
- Tennis courts
- Watersport rentals
- Beach access
- Laundry facility
- Maid service
You’ll find a wide array of condo types, from studios to 4-bedroom units. Sizes can range from around 500 square feet to over 1,200 square feet.
Many condos in Saint Thomas boast opulent features and finishes, attracting the most discriminating luxury buyers in the world. There are more modest options, as well, particularly in Frenchman’s Bay, the island’s most populous neighborhood.
Why buy in a condo in Saint Thomas
Buying a condo is a sound decision for many reasons:
- It is more affordable
What’s considered “affordable” may be relative, but given comparable sizes, neighborhoods, and amenities, condos cost less than single-family homes. If your preferences lean toward luxury, you can find a condo with upscale features and finishes, but at a comparatively lower cost than a single-family home with similar features and in a similar or the same neighborhood.
- It requires less maintenance
In most cases, the condo association takes care of the building’s maintenance, including the utilities and the upkeep of the grounds and common areas. This is particularly beneficial if you plan to use the condo as your second home and can only visit seasonally or for short periods. You also get the peace of mind that your property is being well maintained and is secure even when you’re not there.
- It’s easier to rent out
If you plan to invest in a rental property, condos are excellent choices. Because they’re generally lower priced, condos appeal to more renters than single-family homes or villas. And because a professional group looks after its upkeep, you may not need to hire a full-time property manager to look after your unit.
Many condo properties in Saint Thomas are run like hotels. Individual investors or owners turn over the management of their units to the developer or property management group, who then markets the property and provides the necessary services to short or long-term renters.
- Condos have excellent locations
You’ll find condos in the most coveted location all around Saint Thomas, including waterfront, golf front, and in the busy downtown area. In downtown Charlotte Amalie, in particular, condo developments are getting more and more prevalent as the prices of vacant lots and single-family homes continue to rise. Condo properties here put you close to the topnotch shopping and dining in the area, and no more than just a few minutes away from the island’s beautiful beaches.
Looking for a US Virgin Islands condos for sale ? With my experience and local expertise, I can help you achieve your goals. Contact me today at 340.690.9995 or send an email to barbara(at)seaglassproperties(dotted)com.