St John Vacation Rentals vs St John Long Term Rentals

The Enduring Strength of the St John Rental Market

 

Even as the economic roller coaster permeates real estate and financial markets globally, here on St John, the real estate rental market refuses to burst.  Both long and short term rentals on island continue to command high prices in what seems to be a reflection of the steady stream of demand and extreme shortage of supply. 

Gorgeous St John Rentals are in high demand, both for short and long term.  This stunning short term rental has sold out for Nov - June for the last 10 years.   

Short term rental villas have solidified their position in vacation accommodations on St John.  Even with as many as 900 properties available for weekly vacation rentals on island, occupancy for this season was strong and projections for next season are strong from a poll of booking agents and owners, with most properties already booking up or nearly sold out for the 2017 high season.  With short term vacation rentals, owners who have good property management can expect nearly 100% occupancy for Nov 1 - May 1.  And it does not turn off like a switch.  The summer months can see as high as 80% occupancy on average for June and July.  August and November average at about 50% occupancy.  It is no wonder that investing in real estate on St John has it's advantages.  The short term market provides a viable stream of income to the owners who also want occasional use of their homes and can be the best option for owners who want their home professionally maintained and cleaned weekly. 

 

Getting a long term rental with a view like this isn't cheap.  Many simple homes such as this rent for as much as $2000/month for a one bedroom apartment with a year lease.

Long term rentals are difficult to come by.  The extremely high demand, coupled with the limited inventory have set monthly lease rates (on year long leases) to an average of $1800 for a one bedroom apartment plus utilities.  Furnished apartments go for even more.  With rates this high, many owners have built small apartments below their homes or on their properties to capitalize on the additional income stream.  Some have developed small apartment buildings or condos on vacant lots to target this lucrative market. 

 

All in all, owners and buyers can take comfort in the fact that properties on St John can and will continue to provide real income from rent, be it year leases or weekly guests.  Get in touch with me if you would like to further discuss the rental possibilities of properties here on St John.

 

6 bedroom Beach Front Villa on St John

6 bedroom Beach Front Villa on St John for Large Groups and Families

The Virgin Islands, especially on the island of St John, has always been a gathering place for big families, weddings and groups of friends.  It is a place to celebrate, to re-connect, to relax and to experience.  But, finding a rental home on St John that can hold groups of 12 or more can be a challenge.  There are only a handful of homes capable of holding more then 12 guests and many of those are really expensive - up to $30,000 per week!  Villa St John is an exception.  This 6 master bedroom, 6 bath (plus 2 half bath) beach front home on St John's Chocolate Hole Bay can sleep up to 18 guests, and for almost 1/2 the price of some of the other homes of this size.  Close to Cruz Bay for easy access, the home boasts a large pool and 2 hot tubs.

With a large pool, 2 hot tubs and a staircase to the beach, this 6 bedroom St John Villa is ideal for your group of 12 or more

With 6 equal Master bedrooms, each with tons of space, a giant bathroom with his and her sinks, jetted tubs, showers, separate water closets and walk in closets, views from everywhere and covered balconies, the home easily sleeps 12 guests.  Use the 2 pull out couches with memory foam mattresses or add additional air beds to sleep up to 18 guests.  With each room equal, you dont have to worry about your cousin Hal complaining about being stuck in the basement or grandma Celia needing to be close to the kitchen.  Situated as a guest house and a main house, each with their own full kitchen, you can book this home knowing that even relative strangers will have enough privacy, but you can still be all together.  

One of 6 master bedrooms at Villa St John

Planning a wedding or family reunion on St John?  Be sure to reserve Villa St John early.  Now offering wedding parties of up to 65 guests, the home easily can be a home base or easy solution to your planning hurdles.  Put the whole bridal party in there, or book this house for your whole side of family.  Super kid friendly, this home is the perfect place for your grand kids, nieces, and nephews. 

The grand entry view from the main villa.  With 6 bedrooms, Villa St John has the space you need for large groups and families on St John

Contact us  today to ask more about your big group or family getting into this amazing 6 bedroom villa on St John.

St John Real Estate, Villa Rentals and Property Management

For 17 years, we have been "working" on St John collecting experiences and getting to know the island.  We have been "working" on getting to know all of the beaches and hiking trails.  We have been "working" on learning the best places to anchor for snorkeling, the best bays to sail to, the best remote islands to visit.  We have been "working" on trying all of the restaurants.  We have been "working" enjoying the views from all of the best homes on the island.  We have been "working" on creating the best vacations for our friends, families and guests. 

Hawksnest and Gibney(Oppenheimer) Beaches from Peace Hill

 

After all of this work, we want to take the time to share what we have learned with you.  Let us help you find your perfect piece of real estate on St John.  Or we can help you find the perfect St John villa for your Virgin Islands vacation.  Let us help you care for your property with our expert property management.  Let us help you get all that you need on St John.

Most importantly, come back to this blog often to get all of the best info on St John Real Estate, St John Villa Rentals and St John Property Management.