We have a very unusual story to tell about a property that was one man’s dream for over 5 years, but now is his burden and a fantastic offer. But first, the background:
The Island of Ambergris Caye is the largest Island off the Coast of Belize, Central America. Belize is one of the British Commonwealth nations and is the only decreed English speaking country in Latin America. Ambergris Caye is located about 20 miles off the Northeast coast of Belize, is about 25 miles long, and about 1 mile wide in some areas, narrower in most.
Belize gained its independence from Great Britain in 1981 but GB has continued to protect Belize as one of the commonwealth nations. Belize, Ambergris Caye, and its main settlement, San Pedro, have stayed out of the tourist limelight until very recent in modern history. Now nearly every travel magazine you run across has an article on Belize.
Belize lays claim to some of the oldest Mayan settlements to be discovered, some dating back to as far as 300 B.C. Many of these settlements have been unearthed and opened for visitation. They are truly magnificent in grandeur and stature. Such ceremonial sites as Cerros near Corozal in Northern Belize, and Xunantunich near Benque Viejo del Carmen in Western Belize near the Guatemala border can be viewed and explored. It has been estimated that around 400,000 Mayans settled Belize in their late periods, almost 100,000 more than the Belize population today.
Belize enjoys some of the best weather of the Caribbean and Central America. Although hurricanes and tropical storms do frequent the western Atlantic, Belize has been most fortunate with only a couple major hurricanes affecting it over the past 50 years. Much better statistics than the Gulf Coast, Florida, and the Southern Coasts of the US can tout. Average temperatures along the coast and the Cayes (Islands) are 80 degrees year round with mild to moderate off-shore breezes almost constantly.
Belize is finally coming into its own when it comes to tourism. Avid scuba divers and snorkelers have long known the glory of the Mesoamerican Barrier reef system and the beauty that it holds, but now the average American, Canadian, and Eurasian is hearing about the Rain Forest Jungles, Mountains trails, River Resorts, and Island destinations that make a great tourism location, thanks to the Internet and national on-line magazines. Tourism now out produces the Cane sugar, fruit, and vegetable exports of the country. Belize also has one of the best retirement incentive programs to be found.
The particular project that I am writing about is a condo development that is about 80% complete. The initial project was planned for 12 units in two 3 story buildings, 2) two bedroom, two bath units on floors one and two, and 2) 1 bedroom 1 bath units w/ large patio balconies on floor 3. There are additional lots available separately if expansion is desired.
Building A is 100% complete and ready to market for condo sales, fractional sales, timeshares, or resort operations. Building B is about 80% complete. Both buildings are solid concrete with pillars going down to coral bedrock, designed to Florida coast hurricane standards and beyond. Building B will take an estimated 90 days to complete along with the pool, etc. Public utility power is ready but two backup generators are in place and will be connected via automatic transfer switch when complete. The site contains its own water desalinate and reverse osmosis system, and its own self-contained bio sewage treatment plant that will after treatment generate irrigation water. All of these systems are over designed by a professional plumbing contractor from Florida. The administration building, reception area, and manager’s apartment are also complete.
The complex is owned by a Belize Chapter 250 company. The main partner/developer has had this dream for over 5 years but had a very unfortunate motorcycle accident last November. Unfortunately he fractured his spine and is now constrained to a wheelchair. He is currently unable to fly and no longer able to complete the project. He has been struggling with the stress of not being able to visualize his dream and recuperate simultaneously.
The specific area where this project is located is called Habaneros. It is one of the most picturesque areas of the island, and on some of the highest ground. Located about 6 miles south of the world famous Rocky Point, where the Coral Reef touches the shore, this area is about 3 miles from a suggested expansion area for San Pedro. If the plan is approved and implemented, an existing airstrip will be expanded into a new International Airport and a new planned community built to allow San Pedro to expand. The Mexican and Belize Governments have agreed to cooperate in hard surfacing the road from the present bridge in San Pedro all the way to Cancun. This project could begin in the very near future which would cause property values in this area to sky-rocket!
This condo project was appraised, at its uncompleted state, in June of 2009, at $3,815,000 USD. Due to the physical condition of the main partner and the past economic state of the world, the project is available for $1,950,000 USD firm! Everyone involved in the project; the partners, the contractor, and our real estate company, has reduced their expected return and commission on this project in order to assist in bringing in a sale and removing this load from a paraplegic’s shoulders.
If you have ever had any thoughts of owning a resort or finishing a project or living the good life in a Caribbean destination this is your chance. PLEASE contact us if you, or if you know of anyone that might be interested in completing this dream and removing the burden from an unfortunate situation.
If you are interested in receiving more information on this phenomenal opportunity please provide your information in the form below and we will send you information by email and follow up with a phone call if you have additional questions:
Belize Shores Realty
Paul and Karol Mammeyer