Villa Marbella USVI
The Villa Marbella Vision
After a career in event design, Clarke took his love for hospitality and real estate and invested in Villa Marbella. A vacation rental property located on over an acre of tropical landscape. This was purchased utilizing a 1031-exchange and is one of St. Thomas’ opportunity zones. With iron-clad systems and procedures in place, we operate this villa 100% remote from our Charlotte office.
- With Clarke Allen properties background in hospitality, it was only a matter of time before getting back into the hospitality space. With the purchase of Villa Marbella, this is CAP’s first entrée into the short-term rental industry. This 5-bedroom, 5-bathroom villa in Frenchman’s Bay, St. Thomas USVI, was fully renovated from the ground up. Including new furnishing, fixtures, soft goods, case goods, appliances, and textiles.
- Purchase price: $1.4M
- Renovation costs: $245,000
- Operating Income (projected): $180,000/year
Land Use: Vacation Rental
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