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2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, (MLS# 24-517)


$23,950,000
2 ET AL Southgate Farm EA, 2 ET AL
St. Croix,
MLS# 24-517
40 beds  |  40 baths


Tamarind Reef Hotel & Marina - premier hotel and Hurricane Hole in the Caribbean
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Tamarind Reef Hotel & Marina - premier hotel and Hurricane Hole in the Caribbean Three buildings with all the hotel rooms - expansion planned to double capacity Hotel and reception facing Green Cay and Buck Islans in the distance Beach #1 - The waters edge for all the hotel rooms Beach #2 along side The Deep End Restaurant & watersports center The Marina - 154 slips for power and sailing yachts - ample dry dock storage Planned area for palm tree lined drive to the resort. Marina office The Deep End Restaurant - live music beach bar and food The Galleon - One of St. Croix's premier Fine Dining restaurants - overlooking the marina Tennis courts State of the art office and conference center Acres of undeveloped land Parcel 55 and part of Parcel 2 - undeveloped 40 Rooms - This is the Deluxe Queen Buck Island and Green Cay views from every room Terrace straight to the waters edge Superior Rooms feature kitchenettes! Lushly landscaped utdoor terrace on all first floor rooms Guest welcomed at the lobby Lobby Hotel laundry Large lap pool Deep End Restaurant - live music, beach bar with food Cozy bar at The Deep End that seats 20! Hostess station - Deep End 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, Outdoor dining steps from your hotel room Poolside dining in the covered pavilion The beach steps from The Deep End The Marina - a safe, traquil harbor Snorkel from the marina to Green Cay! Blue Flag regognition - an honor for marinas that manage natural resouces and educate users on environmental issues. Home away from home for cruising yacht people Three miles from historic Christiansted Offers diesel, gas, potable water, showers, bathrooms and laundromat Shower and laundry facilities as well as storage units Fuel facilities; 24-hour security; sanitary pump out station Marina Maintenance Building Behind the scenes - Marina office Offices in the marina - one of five One of the second floor offices Galleon restaurant and it's outdoor deck The Galleon Restaurant and the marina offices The Galleon Resaturant The finest wines Fine dining overlooking the marina The bar The lounge at The Galleon Conference Center and Offices Water view of office and conference center State of the art offices with large outdoor apce Full kitchen with stainless appliances 13 desk spaces Mens, womens and unisex bathrooms Quite a view 9 private offices Gym - full complement of cardio and weight training equipment with key fob entry Shared restrooms outside offices and tennis courts 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, Aerial of cottages, marina laundry, storage buildings One of two apartments on property Individual rental office spaces One of 6 rental spaces 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, View of lot 61P that extends all the way to East End Road 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix, 2 ET AL Southgate Farm EA, 2 ET AL, St. Croix,

Property Description
The Tamarind Reef Resort and Marina is a unique investment opportunity for a developer with the luxury of an existing operational infrastructure to generate revenue during expansion. This 48 acres property is set on two spectacular beaches with fantastic snorkeling - a short swim from Green Cay, nestled in the architecturally stunning Southgate community and bounded to the east by a 100 acre Southgate coastal reserve just 10 minutes to historic Christiansted town. The property currently features a 154-slip full-service marina with dry dock storage in a sheltered lagoon that is one of the premier Hurricane Holes in the Caribbean. Seller is licensed Real Estate Agent in the VI. The resort enjoys USVI EDC Benefits. The sale is structured as a stock sale for maximum tax incentive. Continued

Details
Documents
Location/Area
Plot/Unit Number: 2 ET AL
Island: St. Croix
Estate: Southgate Farm EA
Postal Code: 00820
Quarter: East End 'A'
Geo Lat: 17.744004
Geo Lon: -64.706222
Directions: Heading east to Christiansted, pass the Buccaneer Hotel and take the left turn at the navy blue sign for The Galleon Restaurant. Follow the road til you see a sign for the Tamarind Reef Hotel on your right. Bear right and follow the road until it ends.
General Property Description
List Price: $23,950,000
Realtor.COM Type: Commercial
Lot Acres: 48.21
Approx. Sq Ft: 24500
Total Bedrooms: 40
Total Bathrooms: 40
Tax Year: 2024
Year Built: 1980
Furnished: Yes
Water Front: Yes
Pool: Yes
Zoning: W-1
Stamp Tax: Paid by Buyer
Contract Information
Status: Active
Current Price: $23,950,000
Begin Date: 2024-03-15
Listing/Selling Member Info
Approx Int Sqft: 24500
Miscellaneous
Air Conditioning: Yes
PWD Dt: 5.15.90
PWD#: 5171
View
Other: Marina
Property Features
Sale Includes: Land & Building; Land/Bldg & Bus
View: Buck Island; East; Harbor; Neighborhood; North; Ocean; Panoramic; Pastoral; Sea; Water
Amenities: Dock; High Traffic; Living Qtr on Site; Marina; Overhead Doors; Pool; Restaurant; Storage; Tennis Court
Security: Guard
Supplements
The Tamarind Reef Resort and Marina is a unique investment opportunity for a developer with the luxury of an existing operational infrastructure to generate revenue during expansion. This 48+ acre property is set on two spectacular beaches with fantastic snorkeling - a short swim from Green Cay, nestled in the architecturally stunning Southgate community and bounded to the east by a 100 acre Southgate coastal reserve just 10 minutes to historic Christiansted town. The property currently features a 154-slip full-service marina with dry dock storage in a sheltered lagoon that is one of the premier Hurricane Holes in the Caribbean. The marina enjoys the prestigious Blue Flag eco-distinction - the only location with this distinction in the USVI! A hotel and spa with Buck Island views featuring 40 recently updated rooms with 5 more in progress. Two restaurants that cater to hotel, marina and island visitors. The Deep End Bar and Restaurant, a beach bar and restaurant with live music and The Galleon, a premier fine dining restaurant. The property has 4 tennis courts and a full gym. A 3,300 square foot luxurious office and conference center; 6 office and two cottages. Undeveloped acreage provides expansion opportunity for up to 150 more doors in the form of townhomes with individual private drive-in boat garages, condos/homes with marina and ocean views; retail, dining and chandlery; and a palm tree lined entryway. A detailed information on each aspect of the property in the broken out below. HOTEL The existing hotel has 40 rooms, but there is ample space for significant expansion to add . The potential to generate income during expansion is unique. Room breakdown: 12 Deluxe Kings , 11 Superior Kings with Kitchenette, 10 Deluxe Queen, 7 Superior Queens with Kitchenette. Every room as a fridge, microwave, coffeepot; hurricane window coverings. Superior rooms have kitchenette with sink, stovetop, cabinetry and pots and pans. 2 rooms are handicap accessible! Currently in the works at the hotel are two, two-bedroom suites. Ground floor rooms have lushly landscaped patios. Second floor rooms enjoy even more picturesque views of the glittering Atlantic Ocean. Permitting is approved and in place for leisure tide pools at the hotel. The hotel boasts two beaches and a large freshwater swimming and lap pool. Beach Shack with Water Sports and The Deep End Restaurant within steps of the guest rooms. SPA Newly renovated Spa offering a host of luxurious services for guests including massage, facials, body wraps, reflexology and scrubs. MARINA Green Cay Marina is a home away from home for your power or sailing yacht. A safe, tranquil hurricane hole conveniently located 3 miles east of Christiansted, the historic town and epicenter of St. Croix. The marina can accommodate 154 slips and vessels up to 100ft in length, with 8ft draft alongside. Offering diesel, gas, and potable water service, as well as showers and bathrooms, a laundromat, 110/220v shore power, two restaurants and two beautiful beaches with some of the best snorkeling on the island. Green Cay Marina has received the Blue Flag Marina distinction for it's exceptional environmental management, education, safety and services and water quality. The Marina features a maintenance building that is 2,700 square feet with three 8 foot roll down doors and two 14 foot roll down doors. See Show site  Blue Flag for details. Below are some additional amenities: FULL AMENITIES LIST " 154 slips for power and sailing yachts " Daily, monthly and live-aboard rates " 2 restaurants: Deep End (casual), The Galleon (fine dining) " Beach, pool and tennis court privileges at Tamarind Reef Resort " Free WIFI internet " Fuel facilities " Fresh water and ice " Shower and laundry facilities " Power, telephone & cable hook ups " Storage units " Sanitary pump-out station " 24-hour secured dock " Hotel Discounts at Tamarind Reef Resort LOTS BROKEN DOWN LOT ACRES ZONING PARCEL # 2 & 58 30.77 W1 2-03000-0211-00 56 SOUTHGATE 11.30 W1 2-03000-0210-00 55 SOUTHGATE .81 R1 2-03008-0118-00 61P 5.3 R1 2-03100-0363-00 DEVELOPMENT IN THE WORKS AT TAMARIND REEF Endless possibilities abound for this magnificent property. This offering includes nearly 50 acres. Plot 61P, shown in the map in the DOCUMENTS section is perfect for a private palm-lined entryway to the property. Significantly more hotel rooms can be added to the knoll above the existing rooms - all with gorgeous Buck Island and ocean views. Plans include the addition of a new ramp and new docs at the Marina. In addition up to 150 more doors in the form of condos/townhomes. Private, covered boat slips are designed/available for each condo, along with private garage spaces for each townhome. In addition, there is ample space and a perfect location for designing and building an affiliated retail and commercial center. This will include a planned exclusive area of shopping and dining. The residences are each designed to have a fabulous Marina and Ocean view. This new development would be a perfect complement to the existing hotel, spa, and fantastic beach area. USVI Hotel development and incentive program includes: " Development and construction of hotels & resorts, including commercial facilities and other hotel facilities for the accommodation and entertainment of tourists/visitors, such as: " Solar and other energy generation equipment " Related marina facilities (including docks and wharves) " Residential housing " Community centers " Infrastructure and other facilities For more information about the Hotel Development Program visit this link https://www.usvieda.org/incentives/hotel-development-program For more information about EDC visit this link https://www.usvieda.org/incentives/edc-program

Listing Office: Calabash Real Estate

Office Phone: 340-718-5285

Information deemed reliable but not guaranteed.

Monday 27th of May 2024 08:41 AM