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2 ET AL Southgate Farm EA, 2 ET AL, St. Croix,

Property Type: Commercial Bedrooms: 40 Baths: 40 Lot Size (sq. ft.): 2,100,028 Status: Active
Current Price: $26,000,000 List Date: 10/25/2022 Last Modified: 10/03/2023


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.

Supplements: 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 hotel and beach enjoys Blue Flag distinction for its exceptional environmental management, education, safety and services and water quality. The existing hotel has 45 rooms, but there is ample space for significant expansion to add another tranche of hotel rooms. The potential to generate income during expansion is unique. Room breakdown: 12 Deluxe Kings, 11 Superior Kings with Kitchenette, 10 Deluxe Queens, 7 Superior Queens with Kitchenette. Every room has 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 accomodate 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. 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. **336 feet of Floating docks added - September 2023! Increased income! 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 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. And an addition of 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. https://www.tamarindreefresort.com/marina This property can be purchased as a stock purchase or as a straight land purchases with leases. The stock purchase will not generate a VI Transfer Stamp Tax.

More Information MLS# 22-1677


Plot/Unit Number: 2 ET AL Island: St. Croix Estate: Southgate Farm EA Postal Code: 00820 Quarter: East End 'A' Geo Lat: 17.76058 Geo Lon: -64.670052 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: $26,000,000 Realtor.COM Type: Commercial Lot Acres: 48.21 Approx. Sq Ft: 24500 Total Bedrooms: 40 Total Bathrooms: 40 Tax Year: 2022 Year Built: 1980 Furnished: Yes Water Front: Yes Pool: Yes Zoning: R-3 Stamp Tax: Paid by Buyer

Contract Information

Status: Active Current Price: $26,000,000 Begin Date: 2022-10-10

Listing/Selling Member Info

Approx Int Sqft: 24500


Air Conditioning: Yes PWD Dt: 5.15.90 PWD#: 5171


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
Listing Office: Calabash Real Estate
Office Phone: 340-718-5285

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.