C R U Z A N A

St. Croix USVI Real Estate & Other Good Things

Month: March 2009

Forever Views from Hilltop

frederiksted_land.jpgYou can see all the way from Sandy Point to Prosperity from this lovely hilltop lot! Seller would consider some owner financing with 50% down, financing at 10% for 5 years – no pre-payment penalty. There is an active Homeowners Association, power and telephone nearby. A cistern and septic would be required.

Directions: From Frederiksted, right on Mahogany Road. Take first right, then left on Sunset Circle. Go to top of hill and see For Sale sign on right. Property starts at sign and goes up hill to telephone pole where house is under construction.

St. Croix Sales Data: February 2009

Single Family Residential

Since the first of the year, there have been 328 single family residential homes on the market on St. Croix, 22 under contract, and 11 sales during the first two months of the year. Average sales price was $713,364, and average % of list price 87%.

Compared to the first two months of last year, active listings are up 15%, # of sales down 47%, and average sales price up 35% (with 11 homes sold, this is a small sampling of island prices).

Condominiums

Since the first of the year, there have been 246 condos on the market on St. Croix, 9 under contract, and 8 sales during the first two months. Average sales price was $509,312, and average % of list price 91%.

Compared to the first two months of last year, active listings are up 18%, # of sales down 33%, and average sales price up 162% (with only 8 homes sold, this is a small sampling of island prices).

Lots/Acreage

Since the first of the year, there have been 622 land parcels on the market on St. Croix, 20 under contract, and 11 sales during the first two months. Average sales price was $104,455, and average % of list price 90%.

Compared to the first two months of last year, active listings are up 19%, # of sales down 68%, and average sales price down 34%.

Statistics are courtesy of the St. Croix MLS.

Woodworker in Paradise

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dunigan_lead.jpgLove woodworking? Here’s your opportunity to own a local shop with a great history, top reputation and a solid income. Its founder, Jack Dunigan, is an enthusiast of the Arts & Crafts decorative arts movement of the early 20th century. His shop designs and builds fine custom and unique furnishings, often in the manner of these artisans. After many years Jack has decided to retire and is offering his business for sale. The asking price is $295,000 (update: price reduced further) including tools, inventory, current jobs, client lists, etc. Owner financing with only 25% down is an option. Balance can be in payments or a balloon payment or combination thereof. Will also consider trade for home/condo stateside. All offers will be considered.

The cover photo: 1949 Ford Pickup Truck. Jack restored this truck to original, show quality. It’s very special, and will not be part of the sale. He’s owned it for more than 35 years.

The details: Dunigan Designs is an architectural millwork shop offering high quality doors, windows, cabinetry, moldings, and furniture. They opened in their present facilities in April of 2005. Jack Dunigan, the owner, owned a shop in Arizona before relocating here. St. Croix is a unique business environment. The upper end of the economy is almost totally comprised of affluent statesiders who have homes here. Because there are very few places one can find top quality wood work here, Dunigan Designs has been able to capitalize on that end of the economy by offering exceptionally well-made components in a timely manner.
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The location: 5400 sq ft leased facilities in easy to access business park near shopping center, freight forwarder, and major highway. Space includes large air conditioned office, a storage room, a finish spray room, a fully wired, complete Torit dust collection system, 4 roll-up doors, 2 restrooms, paved driveway and parking. 3 phase power is installed and operational.

The assets:

¸ Two Delta 10” Unisaws with extension tables. One saw is right tilt, the other left tilt
¸ Woodmaster 18” molder/planer
¸ Powermatic 15” planer
¸ General 8” jointer
¸ Powermatic edge sander
¸ Delta drill press
¸ Dewalt compound miter saw installed on long bench with measured stop fence
¸ General benchtop mortiser
¸ Delta benchtop mortiser
¸ Torit cyclone dust collection system
¸ Campbell Hausfield 5hp air compressor with piped air lines
¸ 2 Shop Fox 3hp shapers
¸ General 3hp sliding table shaper
¸ Gardner single spindle horizontal boring machine
¸ Grizzly 14” bandsaw
¸ Powermatic 37X2 dual drum 37” sander
¸ Maxim US Robotics CNC machine
¸ Morso miter trimmer with extra cutters
¸ Loads of clamps, benches, stands, tables, router bits, shaper cutters, portable power tools (routers, biscuit joiner, portable table saw, random orbital sanders, belt sander, cordless and electric drills), hand tools, and tool boxes
¸ Office equipment – fax machine, HP printer, file cabinets, desks, etc.

Contact Info: Interested parties please contact Nathaniel Dunigan at info@beachforaweek.com.

Below are a few photos of Dunigan Designs in Christainsted, St. Croix, USVI…

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