$4,900,000

Buck Island and Christiansted town views from the knoll top of 5 parcels totaling 58 acres at the crossroads of the Christiansted and the East End in Southgate prime for a residential development. Listed at its assessed value! This R-1 zoned land has an approved Group Dwelling Permit issued by the Department of Planning and Natural Resources available upon request for qualified Buyers. This permit allows for the construction of 224 single family and townhouses (dwelling units) and recreational areas on Parcel 57-G, the 46-acre parcel. The topography varies from flat to moderate to a slight slope and hilltop with many of proposed lots having good view of the sea. Parcel 57-F is 9.6 acres and will be reserved for storm water and irrigation. There are two wells. A well is located on Parcel 57-E. Surrounded by The Sight, Estate Seven Hills and Mount Pleasant, this remarkable acreage allows for the meticulously planned development of 128 single family homes, 32 triplexes and recreational infrastructure including swimming pools, tennis courts, community center, walking trails and sidewalks to become a reality. Renderings are included. The following approvals have been granted and or planned and are available to qualified buyers: solid waste and wastewater approval by VIWMA; planning for three phase power, primary aerial lines and primary metering by WAPA; approval of plans for hydrant plans and water supply and water storage requirements by VI Fire Service; DPW clearance for roads, drainage and general infrastructure.