On The Market: Income-producing Coral Haven Is Ideal Investment

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Coral Haven offers Coral Bay views and plenty of room to expand.

Looking for a property to put into the short-term rental market? Look no further than Coral Haven in Emmaus. Want a property you can live on while earning rental income? Coral Haven can do that too. How about a property with the potential to build? Coral Haven offers that as well.

This more than a quarter-acre property with stunning Coral Harbor and unique Hurricane Hole and V.I. National Park views features a home with two studio units as well as a main house slab with cistern, septic connection, and plumbing already in place. The possibilities with Coral Haven are endless, explained 340 Real Estate Company owner/broker Tammy Donnelly.

“It has the potential to appeal to somebody from the states looking to move down here, or to someone who already lives here and is looking to be invested in the island,” said Donnelly. “It has a lot of potential for different uses. You could live in one unit and rent out the other, or rent both units out to two separate parties or to one large group.”

The water views and two-person hot tub make the existing two-unit cottage ideal for short-term rentals. The main house slab offers endless possibilities.

“The hard work is all done for your main house,” said Donnelly. “All it needs is walls and a roof, and you could finish it to your own tastes. You could put in a pool if you wanted; there’s ample room to expand.”

Coral Haven also offers two separate access points, with a driveway down to the main house slab and a two-car parking pad with a gate and stairs down to the existing cottage, offering privacy to the buyer who wants to build out and live in the main house while renting the cottage.

In addition to the property’s future potential, it has some great features, including close proximity to Coral Bay and to the North Shore Road, which is just 10 minutes away. Coral Haven’s current owner has beautifully planted the grounds with various fruit trees and vegetables.

At just $709,000, Coral Haven is a steal with endless possibilities. For more information on this property, contact Donnelly at 340-779-4478.