Belize - Condo/Hotel Project at Caye Caulke

Listed by FSBO (For Sale / Rent By Owner)

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Aerial view airstrip
Aerial view airstrip

Aerial view
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Aerial View 1
Aerial View 1

Jobsite progress
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North Elevation
North Elevation

West Elevation
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First Floor plan
First Floor plan

City/Town: Caye Caulker
District / State / Island: Caye Caulker
Country: Belize
Purchase price in US: $175,000.00
Topography
  • Flat

Area View
  • Beach
  • Neighbourhood
  • Panorama
  • Sea

Listing #: 333
Tenure: Freehold
Status: Available

Full Description:

BEL-ISLE CONDOS

Condo/Hotel Project half completed, needs partner/investor, silent or active, to complete.
Ideally I would like to keep it as a Hotel, since I own it outright, and with a like-minded partner the project could be finished for the 2009 January season Kick-off.
The smallest of these housekeeping suites would command at least $125 a day, and prices go up with more bedrooms, baths, higher floor views, etc.

Caye Caulker is in the beginning of a real estate boom, there are currently 8-10 large projects underway or finished, with a Mega-project going in soon. 130 condo units with Marina, resteraunts, etc.
Real estate is already rising fast, and with all this activity, I would like to hold it for a while, the revenue would pay for it in a short time, and it will be worth much more down the road.
Getting cost projection now to finish, the hardest part is already done.

Project was appraised by bank for equity loan at $955,000 BZ, and more work has been done, so it is at $560,000 US. can be documented. Project completed appraised at 1.8 million.
The project could be completed for less than what I have in it, and I am willing to live here and manage it as a hotel. The prevailing wisdom around here is that you can count on at least 180 day occupancy, these units would be sought after since there are not many comps, most places are small rooms, no kitchen, private bedroom, etc. You do the math!

Good investment for right person, contact Dennis if interested! Email for comparisons on this property.

ABOUT CAYE CAULKER

Caribbean Daydreams come true at affordable prices! Enjoy your own waterfront condo with pool in Caye Caulker, Belize. The island is 20 miles north of Belize City and is protected one mile behind the world's second largest barrier reef. We are very close to the famous 'Blue Hole' and other diving Mecca's.

Spectacular crystal clear Green and turquoise water surrounds the island with deep blue sea waves breaking on reef. Natural underwater paradise replete with fish, small exotic tropicals around coral heads, fly-fishing grand slam, bonefish, tarpon and permit with large sport fish right beyond the reef. Deep blue sea drops off gradually thousands of feet outside reef. Bottom fish for huge grouper and snapper. Island is picturesque blend of seaside cabanas and sail boats intersperced with restaurants, shops and tour centers to all sorts of exotic destinations. Reef tours to preserve include snorkeling, diving, manatee watches, birders paradise. Close to world class destinations such as ?Blue Hole?, ? Shark-Ray Alley? & Hol Chan to name a few. Inland tour also conveniently located close by, cave tubing, ancient Maya Sites, Belize River Jungle tours, Mountain pine ridge and thousand foot falls! For even livelier night life and a change of pace famous San Pedro town is 30 minutes away by water taxi, 10 minutes flight.

AMENITIES
  • Pre-construction pricing from $124,900
  • Insulated concrete
  • Sound retaining construction
  • Swimming pool
  • Waterfront location near landmark ?Split?
  • All Masonry and Concrete Construction
  • Dock space available
  • Ceiling fans and or A.C. package
  • Tile floors
  • Mahogany cabinets with tile tops
  • Individual water heaters
  • Absentee rental Management, maintenance

For more Info contact Dennis Gelinas at:

Phone: U.S. prefix 011 then 501-670-6700
e-mail: belle-isledevelopment@hotmail.com



Extra Features
  • Air Conditioning
  • Beach/Waterfront
  • Tiled Floors
  • Water Heater

Community Features
  • Beach
  • Boating
  • Diving
  • Pool



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