35 Cabrita Point Estate Homesites

The Ritz-Carlton Destination Club® & John Foster Real Estate Announce the release of 35 Cabrita Point Estate Homesites

Cabrita Point, with breathtaking views and only steps away from The Ritz-Carlton®, offers an island lifestyle most will only dream of. Please join us on Wednesday to learn about this extraordinary real estate opportunity.

Complimentary Wine and Cheese Reception
Wednesday, July 21st 5:30pm to 7:30pm
The Ritz-Carlton Destination Club Membership Gallery (Located below the Allamanda Building)

Cabrita Point, St. Thomas is an exceptional location set in one of the most picturesque destinations, located adjacent to the four-diamond Ritz Carlton and its sugar white sandy beaches. View the mountainous peaks of St. John, the crystal blue waters of Great Bay, or the yacht mecca of RED Hook—every future home will have a breathtaking vista. This exclusive peninsula will provide future owners a sense of exclusivity and privacy rarely experienced in the Caribbean.

Opportunity awaits Thirty Five (35) fortunate lot purchasers. All parcels are oceanfront or water view. Te R-1 zoning code will allow each lot owner to build detached single or two family homes. The land is subject to the CZM approval process, however single and two family residences require a “minor” CZM permit, which is typically a 60 day process. New waterfront and water view homes are typically priced from $500 to $1,000/interior sq ft, ranging in price from $1.8 to $million. This is a unique and historic opportunity to own and experience a rare lifestyle/ investment in the US Virgin Islands.

Special Offering for Initial Plot Purchasers!
For more information call Peter Briggs
(O) 340-776-5000 (M) 340-513-1850
peterbriggs70@hotmail.com
http://www.usvi-realestate.com

Thatch Cay

Forbes has a rather poorly written feature on their site today about Thatch Cay:

If you're looking to hide your money or avoid paying taxes to Uncle Sam, St. Thomas in the U.S. Virgin Islands is probably not the best place to go. The reason, of course, is that it is an unincorporated territory of the United States, making it subject to the same laws in Manhattan, Miami or Madison, Wis.

Fortunately, there are other reasons to come to St. Thomas. With its subtropical climate, sandy beaches and numerous resort hotels, is a popular tourist destination. The capital, Charlotte Amalie, has one of the best natural deepwater ports in the region and welcomes more than 1 million visitors per year, mainly from cruise ships owned by Carnival (nyse: CCL - news - people ) and Royal Caribbean Cruises (nyse: RCL - news - people ).

In addition to tourists, the island also accommodates many Americans and Europeans who purchase second homes there for use during the mild winter months. However, there can be few more exceptional properties available than the private island of Thatch Cay.

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