Enjoy Scenic Resort Surroundings in Your Own 3BR Villa

Description

This spacious 3135 sqft 3BR villa is designed with 3) master suites connected via an open concept living, dining, and kitchen space that opens on both sides to allow the outdoors in. Other thoughtful touches include a 1-Car garage with covered walkway access, a combination pantry and laundry room, powder room, and outdoor showers for each full bath. Villas can be equipped with an optional pool at the buyers request. The lot is NOT INCLUDED in this listing price. Please see listing L-266 for available lots.

Sleeping Giant Rainforest Estates:

Phase 1:

Lots #’s 1-18, 56-113

Number of lots:

16 Riverside lots that are immediately adjacent to the Sibun River
15 Creekside lots that back onto a smaller all year round creek and have the Sibun Forest Reserve beyond the creek.
16 Hillside Riverview lots run along a ridge overlooking the river valley and also back onto the same all year round creek, and
26 Hilltop lots enjoy 360 degree views and a steady breeze.
Phase 2:

Lot #’s 19 – 53

The second phase of the development will continue down along the Sibun River. The second phase of lots will not be serviced until the completion of Phase 1 sales.

Lot Prices:

The lot is not included in the construction price, so each buyer will have an opportunity to select their own lot and corresponding view.

Lots range in price from US$49,128 for 0.46 acres to US$120,980 for 1.05 acres. There is a founders price discount we’re offering to the first set of buyers and it’s still available at this time.

Please see our listing L-266 for a map of lots. Just email me with the lot numbers you have an interest in and I can let you know what the Founders Club discounted price will be and verify availability. Financing is available for both lots and homes.

Home Construction:

The Belize Collection is the exclusive builder for any house that will be part of the rental program. For owners who do not wish to participate in the rental program, they may choose another contractor if they wish. However I think they would find our pricing, quality and value to be equal or superior to other options they might find.

At this time, the general cost of building a home is ~$150 sq. ft.

It is possible to purchase two lots and build on one of them only. If a purchaser wishes to build in the middle of the two lots, or across the side yard setbacks, then they would need to go back to the Lands department and apply to combine the two lots into one lot. This is a very easy process and one which we could do on the buyer’s behalf.

There is no specified date for construction to begin when purchasing an estate lot.

Owners Club:

Buyers will become a part of the Owners Club, which gives owner’s the benefit of access to other resorts in The Belize Collection at a 20% discount on the best available rate along with a 10% discount on food, drinks, and tours.

Property/Rental Management and Rental Split

Owners can rent through our resort website and management services or they could rent independently using websites like VRBO, Flipkey and AirBnB.

We offer property management services for owners who are interested in renting their property. We would do a 70/30 split with the home owner if we manage the property and sell it on our website.

An occupancy of around 40% is expected, but expected occupancy could vary significantly depending on the house quality and amenities. The average nightly rate will also vary depending on the size and quality of a home as well as amenities such as a swimming pool.

Expected Income:

With a 1500 sq. ft. two bedroom home you can expect a US$250 per night rate. With this nightly rate, the gross owner proceeds are likely US$24,000 less costs like utilities, insurance and some maintenance. A net return of ~US$15,000 a year. As I had mentioned, this can vary depending on the type of home you renting.

Financing:

Financing is available for the lots at 6% interest for 5 year and 15 year amortization, with a deposit of US$10,000. Balloon payment due after 5 years.

There is financing available up to 50% of the purchase price of the home, at 6% interest for 5 years and 15 year amortization

HOA Fees:

There is a monthly HOA fee of US$75.00 a month per lot which goes towards the maintenance of the pool, clubhouse and security, and general roadside maintenance.