Thatch Cay, U.S. Virgin Islands

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Thatch Cay is a small, uninhabited 230 acre (931,000 m²) island half a mile (800 meters) off the northeastern coast of Saint Thomas. Its highest peak is 500 feet (150 meters). It is one of the last privately held, undeveloped islands in the U.S. Virgin Islands.

[edit] History

The island is named after the Teyer palms which are found in thick patches on the island with which slaves would use to make sacks and roofing for their shacks. From 1804, it was owned by the Reyck family of Denmark, which were the first inhabitants, and was home to a small plantation called "The Hope" which consisted of fourteen members of the family and two slaves. It is not known exactly when the family relinquished ownership of the island but it is thought to be around the time of purchase of the whole chain by the U.S. Government in 1917. In the mid 1900s a small fishing village consisting of 6 small structures was located on the island, as well as a small copper mine. Stone ruins of these structures can still be seen to this day. The cay has also historically been known for the lobsters which are found around the island in large numbers.

[edit] Recent development

In 2000, Thatch Cay was contracted for purchase from the U.S. Virgin Islands Territory Court by Scott McIntyre of Idealight VI, LLC as part of Idealight's Luxury Property Development and Corporate Tourism practice. With only 6 planned estates, McIntyre's private, highly eco-friendly design for Thatch Cay included solar powered island-wide wireless networks hubbed in the "lodge" to offer residents both family holiday and corporate use. In 2003, McIntyre turned over the project to the San Diego firm currently selling Thatch Cay. The island is currently on the market for a price of USD$24,000,000 dollars.