Kayre Carney, the listing agent for the almost-14 acres on which Maho Bay Campground sits, says there have been several expressions of interest in the land. The price tag is $32 million.
Carney told the Virgin Islands Daily News several prospective buyers have mentioned developing the land as a resort. But she said the folks who have come to actually see it are looking at possible residential use. "It's a no brainer," she told the Daily News. "It's the safe rate of return."
As projects like Pond Bay have shown, developing a resort can take an awful lot of time and money. Selling building lots is more simple. Read the Daily News story: http://www.virginislandsdailynews.com/index.pl/article_home?id=17621493
The photo at left is a sign from the Trust for Public Land, one of several on island; this one at Little Maho. The Trust previously purchased land around Maho, and has been interested in this last piece, but needs to do fund raising to make it happen.