158 +/- Hectares Oceanfront

Betulia, Colón, Honduras

Property ID: #86560 // LAND
- ft²
392.23 acres
- beds
- baths
  • Title
    158 +/- Hectares Oceanfront
  • City
    Betulia
  • State
    Colón
  • Country
    Honduras
  • Property Type
    Land
  • Additional Types
    Luxury, Single Family, Waterfront
  • Lot Size
    392.23 Acres
PROPERTY INFORMATION

Located on Trujillo Bay, this oceanfront property is a true gem for international land developers with a vision. With the Caribbean Sea to the north, the Nombre de Dios mountains to the south, and eco-protected land surrounding, this property offers endless opportunities and fantastic private views. For more information on the existing infrastructure and economic activity in the area go to the "Local Economy" tab.

Within this unique piece of beachfront land you'll find some paved roads and access to electricity-- thanks to the hydroelectric plant located on the Betulia River which was opening in 2015-- in an otherwise unspoiled jungle-like setting.

To view the full photo gallery, click here

Located approximately 13km from the Port of Trujillo, which welcomes 5-6 cruise ships per week and within easy driving range of the planned international airport site, this area is poised to experience the influx of tourist visitors that have been enjoyed by other parts of the Caribbean.

Honduras has long been enjoyed by visitors for its rich Mayan history, gorgeous beaches and jungles, friendly locales and desirable incentives for developers. Premier cruise lines and hotel chains have begun to discover the untapped beauty of Honduras which has drawn visitors for decades, and this property offers one of the best virgin beaches to create your vision.

This oceanfront development land is being offered for sale in exchange for cryptocurrency. Partial or full payment of an acceptable cryptocurrency (ex. Bitcoin, Ether, etc) will be considered. Sellers will have final say in accepting the currency offered by the buyers. Seller willing to subdivide. Inquire to learn more!

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: Total earnest money to be negotiated at the time of offer and to be agreed upon in writing in a Purchase Contract by the Buyer and Seller.
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...

Development Benefits

  • Major Tax Advantages (Contact us for further information)
  • Premier Ocean Front Property
  • Rich Mayan history draws vacation travel/Tourism
  • Other Developments happening:
    • Major Hotel Chains are Investing in the growing area: Hilton Curio Brand
    • 9 Residential Developments
    • Plans for development of an International Airport
  • Existing Infrastructure: 3 Phase Power - Paved Roads - Hydro Electric Power
  • Tourist traffic continues to increase. See recent additions to local area:

As is true with any major purchase, you should thoroughly investigate your investment before you go through with a real estate transaction. Always do your homework. Although it may be tempting to purchase a property without taking time to dig into it, we do not recommend it. Here are a few suggestions:

  • Read the contract in full.
  • If possible, physically visit the property.
  • If the property is a multi-family, acquire rental history, vacancy rates, etc.
  • Know the area in which you are buying, so you know what to expect of that market.
  • Consult a local broker.
If a buyer is not certain that he or she want to purchase a particular property, then that buyer is advised not to bid on the property. If a buyer has not inspected and/or not performed due diligence on a property and desires to do so before purchasing the property, then that buyer is also advised not to bid on the property. As always, feel free to contact a RealtyHive representative at 888-869-5672 with any further questions.

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.

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Online Only Event/Auction:
November 20th 10:00am - 4:00pm CST
List Price:
$39,000,000.00
Sugg. Opening Bid:
$12,500,000.00

What is a Pre-Event Offer? This property can be purchased prior to the event's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to event.

Want to wait until the event day to bid?
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Agent Contact & Showing Info
  • Wade Micoley
  • Micoley.com LLC
Financing

Please contact your local lender