House Beautiful January 11, 2025
Buyer
If you have ever dreamt of living somewhere with year-round sunshine, consider looking a little south of Florida, to the Caribbean islands. These tropical paradises offer a laid-back lifestyle that make you feel like you’re always on vacation, and real estate prices (and the cost of living) in these locales tend to be significantly lower than in the United States. Several islands are making it easy for American investors to buy property—and since many US cities like New York, Chicago, Boston, Philadelphia, Dallas, and Miami offer direct flights to these destinations, you could be sipping a rum punch at your Caribbean beach house in under five hours.
According to real estate agent Carla Rayman Kidd, a certified international property specialist with Coldwell Banker Realty, buying property in the USVI is basically the same as purchasing a house in the rest of the United States. (You also don’t have to deal with obtaining a visa or the hassle of currency conversions.) There are technically 50 islands that make up the US Virgin Islands, but the best known ones are St. John, St. Croix, and St. Thomas, which are famous for their stunning white sand beaches. The US Virgin Islands have the distinction of being the only territory in the US with coasts on both the Atlantic Ocean and the Caribbean Sea. You can find stunning oceanfront homes for less than you would pay back on the mainland, and there are cute smaller cottages available too.
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When selling your house, the price you choose isn’t just a number, it's a strategy.
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