Active
108+ La Grande Princesse CO, 108+
St. Croix VI, 00820
$6,750,000
Active
43 Beds
46 Baths
Commercial
Built in 1966
THE PALMS HOTEL: Unique turn-key opportunity to acquire growing Caribbean Beach Front Resort with significant value-add development potential. Property comprises four contiguous parcels totaling 7.635AC and over 900 linear feet of sandy beachfront with gorgeous coral reef. Improved with approx 30,000 SF over six buildings. Resort currently has 43 guest rooms and suites.Prior owner had received (now expired) CZM approval to expand to 104 rooms. Buyer can investigate renewal possibilities for substantial upside. Large beach-side pool with adjacent restaurant and bar. Tennis court. Located in Opportunity Zone! Past owner had EDC benefits. Financials available to screened and qualified buyers only. See 'Documents' for more info and inventory of personal property included in offering.
24-1852
MLSⓇ ID
December 9, 2024
Listed
December 19, 2024
Updated
Map
108+ La Grande Princesse CO, 108+
St. Croix VI, 00820
Interior Features
Bedrooms
43
Total Bathrooms
46
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
7.63 Acres
Other Property Details
Area Name
St. Croix
Association Amenities
Restaurant, Storage, Tennis Court, Pool
Garage
No
View
Yes
View Description
Buck Island, BVI, East, North, North Shore, Ocean, Sea, St John, St Thomas, STT/STJ, Water
Pool
No
Zoning
R-3
Listing History
Date | Event | Price |
|---|---|---|
12/9/2024 | Price change | $6,750,000 -4% |
Listed by Honnie M Edwards with Calabash Real Estate
Based on information from the St. Thomas Board of REALTORS® as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/19/2024 at 5:42 PM UTC