Mahogany Run is a gated golf Community in St. Thomas, U.S. Virgin Islands. Located on the Atlantic or North side of the island where many of the homes and condos have wonder ocean views. The location can be further identified as Estate Lovenlund, GNS (Greater North Side).
I took these pictures during a recent open house that was hosted by a cooperating brokerage. This particular home was constructed by the owners and completed in 2009. Some of the details included in the aproximately 4200 sq. ft home (counting interior and exterior living space) are a great room, three bedrooms, three and a half baths, custom cabinetry, granite counter tops, built in grill, storage space galore, a breath taking vista, pool, a rare two + car garage, unfinished space you can make into whatever you want, and a generator. All of this can be yours for $1,495,000.
Is this typical of the homes in Mahogany Run?
Well, at this writing there are 11 homes for sale in this neighborhood, ranging in price from $745,555 to $3,650,000. The majority of homes from a semi-circle on the ocean side rim of a condominium complex and a world class golf course.
There is a small group of homes at the crest of the center of the gated community called Patio Villa. Each villa has it's own pool, great views and vary in their offerings from that point. In this area one of the homes sold for $1,625,0000 or 87% of the asking price in November of 2009. The most recent home in Patio Villas sold in October of 2010 for 875,000 or 88% of the asking price. Hold on, prices have softened in St. Thomas but there was a significant difference in the two homes as well. The higher priced home had 5 bedrooms 3.5 bathrooms and the lower priced home had 3 bedrooms 2.5 baths.
You will find additional homes outside the gated community that are still part of Lovenlund, GNS.
The golf course is a public course and the club house offers a restaurant and a banquet room, both great for entertaining. On the other side of the course is another restaurant called, the Old Stone Farm House. These are subjects for another blog.
If you want to browse other homes in Estate Lovenlund, GNS visit www.talk-to-tanya.com, click on, "Search MLS Listings", on the top left side, chick on St. Thomas, then click residential and Lovenlund, GNS, to see all of the great homes in this area of the islands