$6,200,000
St. Croix, 00840
MLS# 20-1232
Status: Closed
23 beds | 28 baths | 26800 sqft
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Property Description
THE FRED Boutique Eco-Friendly Beachfront Caribbean Resort-The first new hotel in the USVI in over 30 years. Turnkey operation with restaurant, bars & spa including 11 newly constructed rooms complimenting the historic renovation–22 guest rooms total. This luxury property combines West Indian charm with progressive state-of-the-art infrastructure. Microturbine generators, mosquito misting system, automated pool & water quality control, integrated sound system, professionally landscaped with built in irrigation. This award winning resort features open, west facing lounge, spa, restaurant, bar, infinity pool, hot tub, spectacular sky deck with 2nd bar and lounge pool, gift shop, all fully furnished, 140 ft beachfront boardwalk & 230 ft beach including EDC tax benefits, CZM 80' dock permit.
Details
Maps
Documents
LocationArea
Estate: Frederiksted FR
Postal Code: 00840
Geo Lat: 17.70926
Geo Lon: -64.883245
Directions: Entering Frederiksted from Fisher Street, turn right onto Strand Street. The Fred is in the first block on the left side of the street.
General Property Description
Sold Price: $6,200,000
Realtor.COM Type: Commercial
Lot Acres: 0.94
Total Bedrooms: 23
Total Bathrooms: 28
Taxes: 1772.32
Tax Year: 2020
Furnished: Yes
Water Front: Yes
Pool: Yes
Zoning: R-3
Stamp Tax: 50-50 Split
Contract Information
Status: Closed
Under Contract Date: 2021-06-11
Current Price: $6,200,000
Begin Date: 2020-07-09
Sold Date: 2021-08-31
Sold Price: $6,200,000
Intended Use: Other
ListingSelling Member Info
Approx Total Property SqFt: 26800
Miscellaneous
Air Conditioning: Split
Map Date: 2004-01-15
PWD Dt: 1/15/04
PWD#: 5519
Street Front: Yes
View
Waterfront: Sandy Beach
Business Opportunity
Business Name: The Fred
Business Type: Hotel & Restaurant
Cistern
Cistern-Gal: 13000
Listing Info
Sign: No
Property Features
Sale Includes: Land/Bldg & Bus
View: Sea; Town; West
Amenities: Alternative Energy; Fence; Health Spa; Historic Bldg; Pool; Restaurant
Security: Gate; Other
Construction: Mixed
Roof: Galvanized
Water: Cistern; Well
Parking: Off Street
Supplements
Awards:
"Best New Boutique Resort" by Caribbean Journal
"Best New Business/Spa" by the readers of the VI Daily News
What distinguishes The Fred from other hotels?
- 6 beautifully renovated and preserved historic structures
- only beach front resort that's also located in town
- first new hotel to open on St. Croix since 1986
- marketed during development
- Phase 2 construction just completed, already with a following of loyal customers
- Phase 3 - Coastal Zone Management permit is in hand to construct an 80 foot dock
(40' Fixed and 40' Floating)
See DOCUMENTS section of listing for further information.
The Fred - Details Listing Office: Coldwell Banker St.Croix Realty - GB
Office Phone: 340-778-7000
Information deemed reliable but not guaranteed.
Twice voted Best Real Estate Broker on St. Croix. Coldwell Banker President's Circle three years in a row. 
