Located in a private enclave on the northern most part of
Water Island, Sprat Bay Estates offers some of the most exclusive, secluded and exquisite home sites
in the U.S. Virgin Islands. Current property listings are shown on the 1st
three slides or
click here to view featured properties in
Sprat Bay Estates.
The entire 450 acres of Water
Island was leased from the Department of the Interior in 1952 under
a Master Lease. The Master Lease subdivided lots into
approximately .75 acre lots which were leased to buyers. After the
termination of the Master Lease in 1993, the Department of the
Interior sold the lots to the owners of the subleaseses.
In
the case of Sprat Bay Estates, the entire 152 acre enclave was sold
to an incorporated Homeowners Association which simultaneously sold
the lots to those who had held the original sublease on their lot.
Currently, about one third of the 152 acres in Sprat Bay Estates are
greenspace, leaving 115 acres for residentail properties. There are
seventeen homes completed and four are under construction.
Homeowner's Association dues are about $2,000 per lot per year.
Dues provide for the upkeep of the roads, roadsides, tennis court,
beach and maintenance of the common areas.
