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Fancy Buying Bungalows On The Bay?

Bungalows On The Bay, for sale at $12.4 million, has ample space for expansion. (Photo courtesy Christie's International Real Estate)
Bungalows On The Bay, for sale at $12.4 million, has ample space for expansion. (Photo courtesy Christie’s International Real Estate)

Your own little hotel in a quiet slice of paradise, where locals and tourists soak up hospitality, blending steel-pan nights and soft ocean-wave days, where business and pleasure can’t help but intertwine like toes in the sand, like ice melting in some flamboyant drink — it’s a dream so powerful, so pervasive, it’s practically a tropical archetype.

What percentage of humans daydream about such a venture — from Robert Louis Stevenson to Hermon Wouk to the writers of White Lotus — we can’t say. But every once in a while, there’s a chance to break through fantasy’s gossamer and embrace the real-world role of Shangri-La hotelier.

Bungalows On The Bay, along Chenay Bay on St. Croix’s north shore, could be a dream-fulfilling purchase for the right hands-on business owner, developer, or investor willing to think outside the box.

The beachfront bar and restaurant features on-site timeshare and vacation rentals, plus acreage for potential additional cottages, hotel rooms, condominium development or single family homes. Longterm rentals could also be built on the site, adding year-round income and helping alleviate the Virgin Islands ongoing housing shortage.

With 50, one-bedroom, one-bathroom “island-style cottages” on the 28.75-acre property currently, owners are asking for $12.4 million, according to listing agents at Christie’s International Real Estate St Croix. There are also two half baths on property.

The white-sand beach comes with lounge chairs and umbrellas, as well as gazebo seating. There’s also a seaside freshwater pool.

Bungalows On The Bay, for sale at $12.4 million, has ample space for expansion. (Photo courtesy Christie's International Real Estate)
Bungalows On The Bay, for sale at $12.4 million, has ample space for expansion. (Photo courtesy Christie’s International Real Estate)

The 28 subdivided building lots are zoned R-3 along more than 1,500 feet of waterfront.

If you want to have a look, pass the entrance to The Buccaneer Hotel if coming from Christiansted. Continue past the entrance to Green Cay Marina and Tamarind Reef Hotel. After rounding the bend at Cheeseburger in America’s Paradise, pass the entrance to the Southgate Coastal Reserve then take the next left.

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