David Fedeles, St. Croix Real Estate

Coldwell Banker St. Croix Realty

  • Featured Properties
    • Private Residences
    • Luxury Condos
    • Land
    • Commercial
  • Property Search
    • Residential
      • St. Croix Residential Listings up to $400,000
      • St. Croix Residential Listings $400,000 – $700,000
      • St. Croix Residential Listings $700,000 – $999,999
      • 1 Million & Up
    • Condos
      • Condos up to $300,000
      • Condos $300,000 – $500,000
      • Condos $500,000 and up
    • Land
      • Land up to $100,000
      • Land $100,000 – $200,000
      • Land $200,000 – $500,000
    • Commercial
      • Commercial Fee Simple
      • Commercial Leaseholds
    • Search by Area
    • All Property Search
  • Work With Us
    • St. Croix Buyers
      • St. Croix Buyer Agency
      • St. Croix Property Taxes
      • St. Croix Buyer’s Closing Costs
      • St. Croix Mortgages
      • USVI Tax Incentives
    • St. Croix Sellers
      • Why List With Us
      • Seller’s Closing Costs
    • Homeowner Resources
  • St. Croix
    • St. Croix Map
    • Island Living
    • Moving to St. Croix
  • What’s New

Indiana Bank to Buy Bank of St. Croix

January 16, 2017 by Team Fedeles

Bank of St. Croix Gallow's Bay
Bank of St. Croix Gallow’s Bay

It was recently made official that United Fidelity Bank, based in Evansville, Indiana, will buy Bank of St. Croix. The two Banks first announced the purchase in mid-2016, but still needed to get final regulatory approval. According to the media, “The deal should close by the end of the month. Full integration between United Fidelity and The Bank of Saint Croix will happen within a few months.”

Bank officials say that with the acquisition we can expect to see expansions in the services offered by Bank of St. Croix, including mobile banking and enhanced lending opportunities. A news story in June of 2016 said that United Fidelity Bank will enable Bank of St. Croix to offer 30-year fixed rate mortgages, increasing its lending limits. We will certainly be keeping tabs on United Fidelity to bring you any news about mortgage opportunities.

That news story also stated that the bank will continue to use the name Bank of St. Croix and the two branches, Gallow’s Bay and Peter’s Rest, will continue to operate. The Bank’s management team and employees will retain their jobs. The acquisition will also allow Bank of St. Croix to offer increased support services in a more cost-effective way.

We’re encouraged by this transaction and eager to continue partnering with Bank of St. Croix to help our clients buy their dream homes!

Filed Under: St. Croix Mortgage

What Homeowners Should Know About AirBnB, VRBO and Other Rental Sites

January 5, 2017 by Team Fedeles

St. Croix for Rent
View vacation rentals and long-term rentals from my colleagues at St. Croix for Rent

The St. Croix Source offered a good reminder to homeowners with vacation rentals at the start of the new year in their local news piece: V.I. Answer Desk: Is USVI Collecting Tax on Villas and AirBnB Rentals? If you own a vacation rental or if you’re looking to buy property with a vacation rental, the first step in legally renting a vacation property, whether it be a room, studio, apartment, villa or house, is to get a business license.

And owners must pay hotel occupancy tax, income tax and gross receipts tax as required by law. Hotels, villas, timeshare owners and anyone else renting any lodging for a period of less than 90 days, must pay 12.5 percent of the price of the room rental.

You can find the appropriate tax forms on the Virgin Islands Bureau of Internal Revenue web site. According to Form 722 VI, the return should be filed monthly and tax due should be paid within 30 days.

The article says that the rise in vacation rentals on web sites like Airbnb and VRBO has likely meant that the USVI is missing out on millions of dollars in revenue. As a territory where our main industry is tourism, it is vital to our economy that the appropriate taxes be paid by homeowners. In recent years, the Internal Revenue Bureau has begun enforcing increased penalties, which seems to have been effective as revenues and the number of taxpayers have gone up slightly.

Collections and the number of entities paying hotel occupancy taxes have increased steadily. According to the Office of Management and Budget, in 2012, the government received $20.9 million in hotel occupancy tax revenue from some 818 taxpayers. In 2013, revenues went up a tiny bit, to $21.5 million, and the number of taxpayers/property owners increased by 41 to 859. There was a larger increase in 2014, with $22.9 million in revenue and 81 more taxpayers. And 2015 saw 73 more taxpayers, generating $24.6 million.

The VI Internal Revenue Bureau met with Airbnb officials at the end of 2016 to discuss a model for getting information on VI-based vacation rentals to further their collection efforts.

Filed Under: St. Croix Rentals, St. Croix Second Homes

An Active Real Estate Market on St. Croix

December 20, 2016 by Team Fedeles

A recent article, Caribbean Luxury Real Estate Market Sees Hopeful Signs, references the Caribbean Insight 2016 report when stating that “major markets in the Caribbean are looking attractive again for investors.” While the report assesses only a handful of the Caribbean’s second-home destinations, we’re feeling positive about St. Croix’s market conditions as well.

We have definitely seen an uptick in residential and condo sales, as the  most recent stats show.

As an overview, the residential market has been most active in the $400,000-$800,000 with well-priced inventory moving in a matter of weeks. Further, condos priced right are also seeing offers quickly after going on the market. We listed F13 Coakley Bay for $329,000 and it was under contract within 17 days. Similarly, Plot 7 Boetzburg was listed for $779,000, received an acceptable offer in 50 days, and closed in a total of 70 days for $725,000 cash.

We have seen an uptick in pricing as a result of this activity as well. All indicators are that we will have an active real estate market during our peak winter season. Call (340-778-7000) or email Team Fedeles for a market evaluation and to discuss your specific goals!

Save

Save

Filed Under: Real Estate News, St. Croix Real Estate Market

Coldwell Banker St. Croix Realty 2016-17 Magazine

December 9, 2016 by Team Fedeles

Coldwell Banker St. Croix Realty recently published our 11th annual magazine showcasing homes, building sites and commercial properties available through me and my talented colleagues. Whether you’re in the market for real estate on St. Croix or merely daydreaming about life in paradise, pick one up while you’re out and about on the island or browse the Virtual Magazine. When you’re ready to turn your dreams into reality, we’re here for you!

Coldwell Banker St. Croix Realty Magazine

Coldwell Banker St. Croix Realty Magazine

Coldwell Banker St. Croix Realty Magazine

Save

Filed Under: Coldwell Banker, Moving to St. Croix, St. Croix Real Estate Market

‘Tis the Season to be Thankful on St. Croix

November 21, 2016 by Team Fedeles

During this time of thanksgiving, we have a lot for which to be thankful. We’re delighted to see familiar faces return to island for the season. New shops and restaurants, like Adorn and BREW STX, are popping up. Tourists are strolling the streets and basking on the beaches. The real estate market continues to trend in a positive direction. WAPA is even working to lower costs and increase reliability!

We’re grateful to have some fabulous new listings. Keep up with what’s new by following us on Facebook and Twitter where we post just listed properties, price reductions and updates. Perhaps the island’s most notable listing yet is that of the Contessa’s Castle, which was even featured in The Wall Street Journal.

Coldwell Banker GenBlue
With colleagues at GenBlue

In October, I attended the Coldwell Banker Generation Blue conference which is our largest annual networking and symposium event. I was fortunate to network and learn from some of the top agents in the world, and in an ambiance alive with energy and cutting-edge trends for our industry. I especially appreciated the invitation to attend the Coldwell Banker Previews Certification course, which offered workshops and success stories from top producing brokers from around the world. I’m looking forward to implementing some new ideas for our St. Croix luxury home market. And one of my new workshop buddies shared a recent story of selling a home to a Chicago Cubs player!

Betty Silander and sons
Betty Silander and sons

I’ve also had the joy of reconnecting with Betty Silander (pictured with two of her sons) and she was kind enough to share her St. Croix past, present and future story with us. I first met Betty when she owned The Waves at Cane Bay back in the 80’s. She actually saw a newly listed condo in my May e-newsletter and decided it was time to own on St. Croix again.

As we move into this holiday season, know that we are thankful to have you as clients and friends, and that you welcome us into your inbox every other month. Wishing you happiness and health this season and always!

Filed Under: Newsletters

Featured Client: Past, Present & Future

November 10, 2016 by Team Fedeles

I’ve known Betty Silander for 25 or so years (which must mean we met in our early 20’s, right, Betty?!). She and her late husband, John, have a long history with St. Croix and, with Betty’s recent purchase of a Christiansted condo, her future is looking pretty nice.

Her story starts in the early 60’s on a 2-week Caribbean cruise. She recalls being greeted at every stop “with steel drums, calypso music, and a rum punch.” She and John fell in love with the “atmosphere of color, music, rum and the people,” and set their hearts on owning a piece of paradise. A few more winters back home in Winnetka, Illinois, a suburb of Chicago, made them more eager than ever.

In the mid-60’s they learned of an opportunity to be part of the Queen’s Quarters development, so they headed south to check things out. They were also considering Grenada, but decided buying U.S. property was a wiser choice at the time. Ultimately, they choose to purchase their own 5.4 acre oceanview plot of land near Cane Bay with dreams of building a small resort.

Betty Silander and Donna Ruth Ford
Betty with long-time friend and former head housekeeper at The Waves, Donna

The following Christmas, the Silander family (Betty, John and their four children) spent two weeks at “Diamond Fancy,” now the Cane Bay Reef Club, where they met the Walkers, who were in the process of building The Waves at Cane Bay. After the holiday, they returned to the cold and endured more stateside winters, always thinking about their land in the sun.

The 70’s brought a move to Dallas and the purchase of a condo in St. Lucia. Unfortunately, the hurricane of 1980 destroyed their condo and, after a visit to check out the damage, they decided not to rebuild. They stopped on St. Croix on their way back to Texas, only to learn that one particular property just happened to be for sale: The Waves at Cane Bay.

The time was right and we were ready for a change in lifestyle, so we bought the property. I had been in the travel business for 13 years and John had been a manufacturer of restaurant equipment, and we felt we knew the hospitality business. We made The Waves into our image, moved to St. Croix and managed the property for 6 great years — 1/83 – 9/89. During that time we met David Fedeles and he stayed a few nights with us over one Christmas.

They were fortunate to sell the property just before Hurricane Hugo in 1989.

And I am so very fortunate that our paths crossed again this year. In Betty’s words:

Now I’m back, having seen this beautiful in-town condo that David listed on his monthly email letter. Who could resist? Beautifully decorated by Twila Wilson, I was thrilled to have a piece of St. Croix once again thanks to David’s expertise. It is an investment as my home is still Dallas, as well as Michigan in summers. David and I corresponded and it was a pleasure to see him again after a long time lapse. I was also happy to see that St. Croix is pretty much the same charming island we fell in love with so many years ago.

Betty Silander and sons
Betty and her sons celebrate the purchase of her new condo

Betty and John used to snorkel every day at around 5pm in front of The Waves. They also loved to find the spots in town with live music, like Jimmy Hamilton at the Bombay Club, or concerts at Estate Whim. During her recent trip to St. Croix for the closing on the condo, she and her sons found some good music at the Holger Danske Hotel restaurant on the boardwalk. She’s happy to see some of her favorite activities continuing for others to enjoy.

Filed Under: Featured Clients, Life on St. Croix, Moving to St. Croix, St. Croix History

  • « Previous Page
  • 1
  • …
  • 9
  • 10
  • 11
  • 12
  • 13
  • …
  • 18
  • Next Page »
FIND YOUR DREAM PROPERTY
Property Type
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Property Sub Types
Select one or more locations to search for properties
to
to
Active
Pending
More Search Options

Contact Us

Would you like to learn more about a property you see or are you considering listing your property? We can help!

About David Fedeles

Twice voted Best Real Estate Broker on St. Croix. Coldwell Banker President's Circle three years in a row. Read More…
  • Email
  • Facebook
  • Instagram
  • Twitter

St. Croix and New York

David Fedeles is a licensed real estate broker in both St. Croix USVI and New York. If you are looking for your dream home in America’s Paradise, David is ready to work with you!

Contact David Fedeles today!

Tel: 340-778-7000
Cell: 917-494-2729
davidfedelesstx@gmail.com
Office Location:
Coldwell Banker St. Croix Realty | Gallows Bay Mkt
5030 Anchor Way, Suite 12 | Christiansted, VI 00820

Copyright © 2026 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in