Condo, Development, Home, International, Luxury, Residential
Sophisticated living with Belize Marriott Residences Ambergris Caye Resort. The old-world colonial-style design echoes the country’s rich British heritage, featuring local Belizean hardwoods throughout and San Pedrano family heirlooms in the main lobby space. The premium homes offer beautiful ocean views, exceptional service, and full access to the resort’s on-site amenities. Amenities include a spacious conference center, stunning event green space, oceanfront pools, rooftop sunset lounge, oceanfront restaurants, watersports & dive shop, private resort dock, retail space, fitness club, and a luxury spa. Marriott Residences graces a stunning white-sand beach and the turquoise-blue Caribbean waters on Belize’s Ambergris Caye. Just a leisurely stroll from the vibrant town of San Pedro. The residences strike the perfect balance between private resort living and a charming small-town community.
The Royal Top Floor Penthouse Suite is a 3 bedroom floor plan. Spacious, to fit all of your needs. Unit pricing starts at $2,999,900 + taxes, closing, and furniture. HOA fees apply.
Top Floor Penthouse Suite - 2,910 sf with 3 Bedrooms & 3.5 Bathrooms
*Owners who are renting their condos MUST rent through the Marriott rental program and are able to occupy their condo rent-free for 4 weeks out of a year, up to 2 weeks during low season. Owners not in the rental program can come and go as they please and CANNOT rent out their condo.
Coconut Drive (across from Caye Financial Center). 0.5 mile of San Pedro Town, Ambergris Caye, Belize.
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.