3AAA-2,4,9 Cruz Bay Town, 11A, St John, VI 00830 (MLS# 18-316)

3AAA-2,4,9 Cruz Bay Town, 11A
St John, VI 00830
MLS# 18-316
1 beds  |  1 baths  |  727 sqft

Location of Unit 11A Gallows Point
  1 / 18  
Location of Unit 11A Gallows Point Living room opening to deck with harbor views & ocean sunsets Comfortable living room with views Shaded deck with harbor views Living Room with tropical decor Living room/kitchen Living room/desk area French doors to the deck Dining Area Updated kitchen with views of the harbor Beautiful kitchen with stainless appliances Decorative fans Bedroom Bedroom Bedroom Updated bath Updated bath Bath

Property Description
GALLOWS POINT 11A is a beautifully renovated waterfront condo which features a fabulous updated kitchen and bathroom as well as tasteful ''off white'' tile floors and air-conditioning through out. Very well appointed with pretty tropical décor, this cool and breezy unit is a turnkey opportunity, which generates impressive rental income. New roll-down storm shutters 2018. Situated in the premier Gallows Point Resort and offering all amenities including an inviting swimming pool and spa, a private beach and floating sun platform, one of St. John's best restaurants, and a grocery/sundries shop. Conveniently located and a short walk to town and the ferry dock. SEE SUPPLEMENT & Documents.

Contract Information
Current Price: $695,000
Status: Active
Book Section: Condo
Realtor.com Type: Residential - Condo/Townhouse
List Date: 2018-11-20
List Price: $695,000
Terms: Cash
Financing: Conventional
Insurance: Liability
Bank Owned: No
3rd Party Approval Required: No
Location, Legal, and Tax Information
Unit #: 11A
Condominium: Gallows Point
Parcel Number: 3AAA-2,4,9
Estate: Cruz Bay Town
Quarter: Cruz Bay
Island: St John
Country: US
State/Province: VI
Postal Code: 00830
Subdivision: None
Easements: Of Pubic Record
Restrictions: Decs & Regs
Stamp Tax: Equally Split
HOA Dues: Monthly
Zoning: W-1WaterfrontPl
General Property Description
Building and Unit: 11A
Total Bedrooms: 1
Total Bathrooms: 1
Total SqFt. (+/-): 727
Waterfront: Y
Pool: Yes
Hot Tub/Spa: Yes
Year Built: 1983
Condo Fees: 3650
Addl Construction
Builder: Culberson
Foundation: Masonry
Grade: Flat
Capacity (gallons): RO Plant
Property Features
Condition: Excellent
Construction: Frame; Masonry
Landscaping: Professional
View: Harbor; Panoramic; St. Thomas; West/sunset
Furnished: Yes
Appliances: Dishwasher; Refrigerator; Stove
Cistern: Common
Possession: Buyer Honor Rntl Res
Gallows Point Management Company Summary Gallows Point is luxury waterfront condo complex comprised of sixty (60) one-bedroom units. within a short stroll to Cruz Bay town and ferry dock. The numerous Gallows Point amenities include a beautiful new pool, spa, floating beachfront swim platform, on site gourmet restaurant, convenience store, concierge services, complimentary shuttle bus, grilling area, laundry facility, generator, and 24 hr. security. The monthly condo fee includes master insurance for fire, liability, etc. (complex does not carry windstorm insurance.), and maintenance of all the common elements of the resort. A portion of the monthly base dues maintains a self-insured reserve fund and capital improvement fund. An additional benefit conveyed to Gallows Point owners is a share in the on-site property Management and Rental Company, a long established program that produces impressive rental income. A monthly management fee is paid by the owner, versus 30-40% of the gross income of each owner. The Gallows Point Management "rental pool" maintains a monthly income distribution system consisting of (a.) base points for the location of the unit, (b.) amenity points for the condition of the unit, (c.) occupancy credit, and (d.) a surcharge pool which is distributed among fully renovated units. The total "points" for each unit is divided into the monthly rental income of the resort, providing owners with a steady return. Ocean view upper Ocean view lower Harbor view upper Harbor view lower Additional services included in the monthly fee for property Management and Rental Company fee of $3650: Management Advertising Marketing Maintenance Landscaping Front desk staffed 24/7 Concierge service Telephone Internet Housekeeping Laundry Kitchen, bed & bath linens Replacement of broken dishes, flatware, pots and pans Cleaning supplies Pest control in units 24/7 security Gallows Point shuttle to town and ferry Power, water (from Gallows RO plant), Satellite are pooled and billed separately. Each unit owner is responsible for their own property taxes. Gallows Point owners can stay in their unit up to 17 weeks per year, then the unit must be offered for overnight accommodations through the Rental Management Company.

Listing Agent: Gretchen Labrenz

3AAA-2,4,9 Cruz Bay Town, 11A, St John, VI 00830 - MLS# 18-316

Information displayed on this website for listings other than those of the website owner is displayed with permission of the ST. JOHN BOARD OF REALTORS Multiple Listing Service (MLS). Real estate Listings held by brokerage firms other than the owner of this site are marked with the Broker Reciprocity logo. This website may not display the entire ST. JOHN BOARD OF REALTORS MLS active database, as some MLS participants may not have given permission for their listings to be displayed. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The materials contained within this page may not be reproduced without the express consent of the owner of this site.

Sunday 21st of July 2019 06:20 AM