C-48 Lovenlund GNS

MLS# 19-165
$40,000,000
perfect location for hotel or condos or timeshare or homesites.
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perfect location for hotel or condos or timeshare or homesites. There are an additional 87 acres of R-3 land surrounding the course for development. Prior development plans included a hotel site looking down island toward St. John Perfect location for a golf hotel and convention center . The course is currently closed waiting for a new owner to reopen and enhance what is currently there. CURRENT CONDITION CURRENT CONDITION Restaurant, bar, pro shop Pro shop, offices, locker rooms Parking for Club House Solar panels on the club house Photo of the course July 16, 2018 Taken July 16, 2018 Area above suitable for development C-48 Lovenlund GNS, C-48 Lovenlund GNS, Northern section of Parcel D Rem Northern section of Parcel D Rem Northern section of Parcel D Rem Northern section of Parcel D Rem Northern section of Parcel D Rem Amazing down island view on hilltop of undeveloped R-3 zoned land 15 acres zoned R-3 15 acres zoned R-3 C-48 Lovenlund GNS, C-48 Lovenlund GNS,

Property Description

The golf course consists of 130 acres and there is an additional 87 contiguous R-3 acres of development land and approximately 20 acres of land in Tutu Bay. The course was designed by the Fazio brothers and includes a damaged club house and convention center and golf shop and offices. There is an amazing site overlooking the Atlantic Ocean and down island that was slated for a hotel in the original plan and is zoned for a hotel part of which is out of CZM. See More for full parcel numbers.

Details
Maps
Documents

Location/Area

Area: St. Thomas
Plot/Unit Number: C-48
Estate: Lovenlund GNS
Quarter: Great Northside
Geo Lat: 18.358956
Geo Lon: -64.908071
Directions: Go down towards Magen's Bay take the road just before the entrance into Peterborg and left into the gated entrance. Go to the Mahogany Run Golf Course. Prior permission required
Postal Code: 00802

General Property Description

Current Price: 40000000
List Price: 40000000
Lot Acres: 130
Realtor.COM Type: Land
Sub Type: Undeveloped (20AC & Over)
Taxes: 52576
Tax Year: 2017
Association Fee: no
Water Front: Yes
Zoning: R-3
Stamp Tax: Paid by Seller

Contract Information

Status: Active

Miscellaneous

PWD#: A9-724-T007
Active HOA: No

Utility Info

Power: Nearby

Property Features

View: 360 Degrees; Golf Course; Ocean; Panoramic
Topography: Water Front

Information deemed reliable but not guaranteed.

Saturday 23rd of February 2019 06:22 PM