Looking for a great family home where everyone has their own space? Perhaps you’re looking for an investment property? Joy Life & Castaway Cottage have all of this and more. And even better, owner financing is available to qualified buyers!
Joy of Life and Castaway Cottage are located on a beautiful, 2.6-acre hilltop estate in Coral Bay. (Three parcels are included in this sale.) Joy of Life is the main house, and includes a large, one-bedroom suite, a generously-sized studio suite and a caretaker’s suite on the top floor. Outside of the caretaker’s suite is an expansive deck that is ready to be completed to your liking. There is ample room for an outdoor kitchen, living space, hot tub and more. And the views up there are unreal! You can see all of Coral Bay, St. John’s East End, the British Virgin Islands and beyond from the property, however the views are the best from this top-floor area.
Castaway Cottage is located on the lower portion of the property and is accessed by a quaint, well-lit stone stairwell. The standalone cottage is currently a studio, but it can be easily be converted into a one-bedroom. This ultra-private cottage, which was built using high-quality materials and appliances, also has beautiful views. This is a great spot for an owner to live while renting out the main building, or you can keep it as is, which is an income-producing vacation rental.
There is ample room on this professionally-landscaped property to add a pool or additional dwellings. The property has solar, battery backup, net metering & a Kubota backup generator. Both Joy of Life and Castaway Cottage have large cisterns too.
There are currently three income-producing vacation rentals on this property – Joy of Life (one bedroom), Sunrise Sweet (studio), and Castaway Cottage (studio). All have full kitchens and bathrooms. The caretaker’s suite is currently being used as just that – as the owner’s suite. P&Ls for all three rentals are available upon request.
*This is a great property for an owner to live onsite while renting the other units. It would also make a great family compound where each guest has his or her own space.*
Joy of Life and Castaway Cottage is being offered at $2.495 million. Please contact me, Jenn Manes, at jenn@explorestj.com or via phone/text at 203-376-3786. I am a licensed real estate agent with 340 Real Estate Co.
