us virgin islands st maarten
St John, USVI has seen dramatic tourism growth.
Caribbean

In St John, USVI, a New Way to Own a Caribbean Vacation Home

By: Alexander Britell - January 21, 2023 - 6:52 pm

St John has always been one of the most beloved little islands in the Caribbean.

Since the pandemic, it’s become one of the most sought-after destinations in the world, with a growing number of travelers drawn to its stunning natural environment and fun-loving, beachy vibe.

That also means the island’s real estate market is surging, with a limited number of vacation homes available.

But top investment firm Island Sky is changing that, with its new Residence Club: a way for travelers to own in St John in a unique way, a special opportunity for the island covered by 7,000 acres of National Parkland.

A rendering of the Island Sky St John residence club.

Island Sky St John is an equity residence club in the heart of St John’s Cruz Bay, where buyers can purchase one-tenth ownership in vacation residences starting at $190,000.

The residence club has all of the amenities of a managed resort: with Club hospitality staff attending to every need (and all ownership responsibilities); every residence is fully furnished, with gourmet kitchens and outdoor balconies. Owners have full access to Island Sky’s spectacular rooftop pool and lounge.

Each residence has just 10 owners, with the benefits of vacation home ownership and the lifestyle of a luxury resort, as Island Sky says.

Owners have equal opportunity to enjoy their Club Residences within their ownership category throughout the year.

inside a room
A rendering of an interior.

“Island Sky is the first and only residence club in St John,” says Jason Caraway, founder and CEO of Island Sky Investments. “For an owner, this provides the opportunity to enjoy other locations around the world through the Elite Alliance Exchange Program.  Also, as a benefit of the property being fractional ownership, owners enjoy their time and property without the worry of maintenance and the expense of owning the entire property.  Residence members can rest assured the property will be in pristine condition each time they arrive and the staff with be there to attend to all their needs.”

Island Sky St John is the first in a growing portfolio of projects for the company, starting with an island Caraway fell in love with as a kid.

each building has a pool
The development has its own private rooftop pool.

“I like the small-town feel and carefree attitude,” he tells Caribbean Journal. “The beaches are obviously second to none, but just as important, the people that that live in and visit St. John are a big part of what makes it so special. ‘Love City’ has always attracted interesting and adventurous people and it’s a place where I can relate.”

Island Sky has bigger plans to come.

That includes a new Luxury Fractional Real Estate Fund launching later this year, and talks on acquisitions “both stateside and in several Caribbean locations,” Caraway says.

For more, visit Island Sky or contact info@islandsky.io

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