25 Room Oceanfront Island Resort

Caye Caulker, Belize District, Belize

Property ID: #277814 // COMMERCIAL
- ft²
- acres
25 beds
25 baths
  • Title
    25 Room Oceanfront Island Resort
  • City
    Caye Caulker
  • State
    Belize District
  • Country
    Belize
  • Property Type
    Commercial
  • Additional Types
    Business, Commercial, Hospitality, Investment, Special Purpose, Waterfront
  • Year Built
    2017
  • Beds
    25
  • Full Baths
    25.00
PROPERTY INFORMATION

Welcome to the beautiful island of Caye Caulker where you will experience white sandy beaches and crystal clear warm waters. This once sleepy fishing village located approximately 20 miles northeast of Belize City is rapidly becoming Belize's most popular vacation destination. This tranquil haven is less than 5 miles long and no more than half mile wide. A channel (the SPLIT) runs down the middle from east to west and this is the number 1 hang-out spot for locals and visitors alike. The island is the leading tourist destinations in Belize for scuba divers, snorkelers, anglers, and those who just want beach-oriented relaxation. The newly remodeled airport offers hourly flights to Belize City and Ambergris Caye and the island can also be reached by ferry service.

Tourism growth on Caye Caulker has maintained an upward trend for the past 15 years and there is no sign of any deviation in the near or distance future. The property is located right on the Beach, along Caye Caulker's busiest strip. A stone's throw from Caye Caulker's famous SPLIT and overlooking the turquoise waters of the Caribbean Sea, it is no wonder this property boasts an above average yearly occupancy rate.

Offering 25 Cabana Style hotel rooms, with options of Air Condition or Fan as well as Shower or Tub. This property offers accommodations for all level of travelers. The Sunset rooms boast cozy balconies and breath-taking views.

There are several amenities including a beautiful pool, a fully stocked Restaurant & Bar serving Breakfast, Lunch and Dinner. This is THE ideal Belize Investment Opportunity, contact us today for more information.

Property Buying Tips

So you’ve decided to buy! Congrats, that’s great!
Here are some great tips to get you on your way to ownership.

1. Determine Your Budget & Save

Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?

2. Secure a Loan

Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.

3. Be Prepared

Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.

4. Stay Informed

Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.