Platinum Luxury Auctions is proud to announce the sale of a beachfront residence located in Magens Bay, on the island of St. Thomas, USVI. The property was sold as part of a direct negotiation, eliminating the need for the planned auction on June 13th. The buyer, who was part of Platinum’s global database, paid $6 million dollars for the estate, and closed on the transaction within 10 days.
With the sale of the Magens Bay property, Platinum is now responsible for both the third-highest price for a residential sale on the island of St. Thomas (tied for third, to be precise), and the all-time record price for a residential sale on St. Thomas (at approx. $9 million). Both of these sales were conducted in cooperation with USVI Sotheby’s International Realty, represented by principal and listing agent Lee Steiner.
To learn more about this exquisite property, go to: