515 Upper Lovenlund GNS, Mahogany Run, St. Thomas 00802

Wake up to sweeping St. Thomas North Shore views from this fully renovated 3-bedroom, 3-bathroom, 1,964 square foot condo in the gated Mahogany Run community. Just a 5-minute drive to world-famous Magens Bay Beach, consistently ranked among the top beaches in the Caribbean, and walking distance to the historic Old Stone Farmhouse restaurant, this turnkey residence delivers rare flexibility for owners and investors alike.

The open-concept main level pairs a chef’s kitchen with double ovens and a light-filled living and dining area that opens to a large balcony. The primary suite features a private balcony, a fully renovated spa-style bath with double vanities, and a walk-in shower. A standout opportunity for owner-occupants: each of the additional two bedrooms has its own private entrance, allowing an owner to live in the primary suite while operating the two additional bedrooms as independent short-term or long-term rentals. Self-managed rental income from these units is positioned to offset the HOA and potentially generate net positive cash flow, an ideal structure for retirees or lifestyle buyers seeking a Caribbean residence that helps pay for itself. The second bedroom suite is already income-ready with a kitchenette. The third bedroom currently functions as a private studio-style guest suite with its own entrance and en-suite bath, with clear upside to be converted into a third independent rental key.

The unit also includes an automatic generator, a meaningful advantage for both year-round residents and short-term rental operators in the USVI. Mahogany Run offers a secure, gated environment with 24-hour security, a community pool, and a comprehensive HOA package covering windstorm, fire, and flood insurance, monthly pest control, trash collection, and UV water filtration. Short-term rentals are permitted. HOA: $3,012.48/month. Offered fully renovated and ready for immediate occupancy or rental use.