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Need More Information about one of our Listings? Please call us at any of the phone numbers below, or completely fill out the form provided. Please include the Code number of the listing, along with any specific questions, and we will get back to you as quickly as possible.
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Barrier Reef Drive, San Pedro, A. C. Office: 226-2681
Bob: 622-7193
Fred: 625-0550
E-Mail: info@coralbeachrealty.net
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General Info
BELIZE: A PEACEFUL, STABLE AND INDEPENDENT COUNTRY
Belize, formerly British Honduras, is located on the Caribbean coast of Central America, with Mexico to the north and Guatemala forming its western border. The whole coast line is protected by a barrier reef while the inner waters are shallow and dotted with numerous islets. As of 2002 Belize's population was 250,000 approx. Its language is English, though many residents speak Spanish.
The Mayan culture reached its height in what is now Belize about 1500 years ago, and many ruins of their temples, stelae and hieroglyphics still exist. Among the earliest are the ceremonial buildings in the Corozal area, in the northernmost district, across the Bay of Chetumal from Yucatan. Consejo Shores is a retirement and vacation spot for Americans, Canadians, Europeans and Belizeans. Thirty-five miles to the Southeast is Ambergris Caye and the barrier reef, the second longest in the world, and teeming with tropical fish. It is perhaps the most productive fishing and diving area in the Western Hemisphere.
On September 21, 1981, Belize became a fully independent nation which remains a member of the British Commonwealth. The Government is a parliamentary democracy based on the Westminister model, with a House of Representatives, Senate and Prime Minister as head of state. The laws of Belize are based on the British legal system and its Common Law tradition.
Interesting Facts About Belize
• Sunny outdoor living with moderate, tolerant tropical climate.
• Water excellent for boating, swimming, sailing and wind surfing.
• World's second longest barrier reef.
• Some of the worlds best dive locations.
• Archaeological sites and Mayan Temples.
• Abundance of natural wildlife.
• Low cost of living.
• Minimum energy/fuel requirements.
• Ease of access : airports, roads.
• Low population density.
• Communication: two principal languages, English and Spanish.
• Population: mixed Mayan, Spanish, Creole, Carib, Indian.
• Stable political climate.
• Judicial system based on British Law.
• Land ownership: fee simple title.
• No tax on capital gains. No estate duty.
• Currency: $1.00 US = $2.00 Belize.
Life in Belize
Belize has an area of 8,866 square miles, about the size of Massachusetts, and a population of only 240,000. By air, Belize is about two hours from Miami or Houston. Driving through Mexico from Texas takes about four days.
Belize is a true multiethnic, multicultural society. About 40 percent of Belizeans are Mestizos, persons of mixed Indian and European heritage, most originally from neighboring Latin countries and most living in northern and western Belize. Thirty percent are Creoles, of mixed African and European descent, concentrated in and around Belize City. Ten percent are Maya, and another 10 percent are Garifuna, of mixed African and Carib Indian. The Garifuna live mainly in southern Belize along the coast. Kek’chi and Yucatec Maya are in southern, western and northern Belize. The rest are Americans, Europeans and other Anglos, plus Chinese, East Indians and others.
Belize is a stable democracy, a member of the British Commonwealth with an English common-law tradition. The country -- formerly British Honduras -- has been independent since 1971. The Westminster-style system has a prime minister, an elected house of representatives and an appointed senate. The current prime minister is Said Musa, a British-educated lawyer of Palestinian and Belizean heritage. He heads the People’s United Party, which swept the last national elections in 1998. The main opposition party is the United Democratic Party. The two parties are centrist, and their policies and ideologies are not very different, but Belize politics are often intensely personal. Everyone seems to know everyone else, and party loyalties are rewarded and remembered.
Belize continues to maintain strong ties to both the United Kingdom, as a member of the Commonwealth, and to the English-speaking Caribbean, as a signatory member of CARICOM. Belize is a constitutional monarchy, with the British sovereign as Head of State. Executive authority is vested in the sovereign and is exercised by the Governor General who is appointed on the advice of the Prime Minister. Legislative power is vested in the bicameral National Assembly, comprising a Senate (12 appointed members) and a House of Representatives (29 elected members). Since gaining independence in 1981, Belize has enjoyed a stable, three- branch system of government.
Belize is one of the few countries in the world where English is the official language, and Spanish also is widely spoken. All official government documents, deeds and papers are written in English. If there’s a lingua franca in Belize, it’s Creole, a mixture of English and other vocabulary and West African grammar and syntax. Garifuna and several Maya languages also are spoken in Belize, and many Belizeans speak two or three languages.
There are few countries towards whom we feel a greater degree of respect. Its tiny population is numerically less than many of the world’s cities. ( Note that while the country of El Salvador consists of approximately the same land area as Belize, El Salvador contains thirty times as many people; with an overall population of almost six million people compared with Belize’s 240,000. ) Yet despite its small population Belize manages to attract the worlds attention for its modern attitudes, stable government and respectful treatment of its indigenous peoples.
The climate of Belize is subtropical, similar to that of South Florida. Daytime temperatures generally are in the 80's most of the year out in the Cayes. In areas of higher altitude, such as the Mountain Pine Ridge and Maya Mountains, winter temperatures may occasionally fall into the high 40s or low 50s. Humidity is high year-round, tempered on the coast and cayes by prevailing breezes from the sea. Rainfall varies from 150-200 inches a year in the far south, feeding lush rainforests and jungle, to 50 inches in the north, about like most of the Southeastern United States.
Belize is in the hurricane belt, but the western Caribbean does not get as many hurricanes as the Southeastern U.S. Atlantic coast or the Gulf coast of Texas. On average, Belize is visited by a hurricane about once every 30 years. Tropical storm and hurricane season in Belize is June through November, with most storms coming late in the season, particularly September through early November.
General
Belize is beautiful and its people want to keep it that way. The coral in its crystal clear waters is healthy and thriving, 70% of its tropical rain forests are still intact and the interior of the country is full of incredible limestone caves to explore. Native animals range from the jaguar and howler monkey to the manatee, and there are more than 290 species of birds. Every now and then a "norther" from the U.S. brings Belize a couple of cool and windy days in the winter, but only four hurricanes have hit the country in the last 50 years.
Within Belize (and Guatemala, Honduras and Mexico, too), you'll find the ruins of the ancient Mayans, a civilization that developed an alphabet, calendar, complex mathematics and breathtakingly beautiful cities while their European counterparts were still in the Dark Ages. This civilization ended abruptly, however, sometime in the 12th century after flourishing for 800 years. It is now being rediscovered, with archaeologists revising their theories almost daily about how and why the Mayans lived, and died.
But for the boater, the best thing about Belize is the water. The longest barrier reef in the Western Hemisphere runs offshore, letting you reach along inside with 15- to 20-knot wind on a flat sea.
Even the "downside" of boating in Belize -- the shallow waters and the lack of perfect charts -- has an equally strong upside. You need to charter catamarans, not monohulls, to explore these incredible seas. Catamarans may not go to windward as well as monohulls, but the extra space and the sheer exhilaration of sailing fast -- almost always on a reach -- more than make up for it. And besides, catamarans don't heel.
A week gives you enough time to get in some wonderful sailing, but if you can stretch it to 10 days to three weeks, you'll have a chance to see the interior of Belize, too. You should begin your trip by flying into Belize City and then hopping on a small plane to Ambergris Cay, to pick up your boat. The flight to Ambergris Cay alone is reason enough to visit Belize, as you gaze far below at the many-colored reef and three of only four coral atolls in the Western Hemisphere -- Turneffe Islands and Lighthouse and Glovers Reefs.
Images of Belize
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Purchasing Property
PURCHASING PROPERTY IN BELIZE
First, it’s good to realize that the basis of the legal system in Belize is the British Common Law system, a leftover from the days when Belize was British Honduras. When you purchase property in Belize, regardless of your nationality, you get absolute free and clear Title. This comes in the form of a Land Certificate issued by the Government of Belize.
If you purchase a condo unit, title will be in the form of a Strata Title, giving you clear title to that specific condo unit and granting you access to the common areas and facilities of the development. Some condo developments operate as a “corporation” and when purchasing a unit in such a development you are given “shares” in the corporation which specify the specific unit you purchased. Be sure to ask your Broker about these differences before purchasing a condo!
When purchasing property in Belize, the procedure for getting Title in your name is a two step process, the first being the purchase phase where the documents and funds are exchanged at the Closing Date. The second phase is the Buyer’s choice and responsibility to “register” the sale with Government by transferring the Title into the Buyer’s name. Most times your Broker will handle both phases for you but the Buyer should be aware of the Government Stamp Duty of five percent
(5%) of the purchase price charged to transfer Title into the Buyer’s name, an expense over and above the purchase price of the property!
Just recently, due to the implementation of the Goods & Services Tax of ten percent (10%) effective July 1st, the Stamp Duty has been reduced from fifteen percent (15%) to the five percent (5%), making the purchase of property in Belize much more attractive! Keep in mind that property taxes in Belize are extremely low when compared to property taxes in the U.S. so the “upfront” collection of the Stamp Duty still makes purchasing property in Belize a good investment, especially with property values escalating 20% to 35% per year! There is also no Capital Gains Tax in Belize, making property investing also attractive!
In most cases, your Broker will act as an Escrow Agent in the processing of your property purchase but independent Escrow Agents and law firms specializing in property transactions are also available if you wish at a nominal 1% - 2% fee. Title searches are strongly recommended and there is Title Insurance available. However, if you deal with reputable Brokers who perform proper and through Title searches, the added expense of Title insurance is not usually chosen.
If you have specific questions or concerns regarding buying property here in Belize or the typical processing methodology, please e-mail us and we will answer you promptly and with professional advice.
© Coral Beach Realty 2006.
© Coral Beach Realty
Info Request/ Comments
© Coral Beach Realty 2006.
Up until recently, property purchases on Ambergris Caye were either cash purchases or were a combination of cash and Owner financing. Owner financing depended on the financial needs of the owner and several years ago, a “10/10/10” deal – 10% down, 10% interest, 10 year amortization was not uncommon. As the market values of properties were increasing between 15% and 40% per year, owners soon realized that such financing was not in their best financial interests! Some owner financing is still offered but terms today range from 30% to 50% down, 10% interest, amortized over 5 to 10 years but with a 3 to 5 year full balloon payment.
During the last year, several new financing options have become available for foreign purchasers. A new U.S. based mortgage company is now offering mortgages to U.S. citizens with the standard down payment of 30%, interest rates around 7.5% and amortization up to 20 years! Depending upon your credit worthiness, these terms can even be improved!! Application forms are available through us!
Local Belizean banks have joined the market of mortgages for non-resident purchasers with terms similar to the U.S. mortgage company and we have applications forms available for this local financing as well!
CALL OR E-MAIL YOUR QUESTIONS TO US!
© Coral Beach Realty 2006.
Located right in the heart of San Pedro Town, across the street from the Roman Catholic Church, our office extends a warm tropical invitation to tourists. Get out of the hot sun, or under cover in a rain shower, and view the wide assortment of properties we have available!
Coral Beach Realty has the largest property display area of any real estate office in San Pedro! Our Palapa area is lit every evening until 11:00 pm. and we are the only real estate office to have a “Property Slideshow” which runs until 11:00 pm every evening under the Palapa!
When in San Pedro, drop by our office and bring any questions you may have on any subject concerning Belize – Belizean law, customs, restaurants, best places to dive or snorkel, and of course, real estate!
© Coral Beach Realty 2006
Featured Properties
Code: 116 Homes Available
Ambergris Caye Beachfront Residential
Residential area, 2 miles south, this two storey building laid out as two separate two bedroom, two bath, fully furnished residences - convert to a single residence! 112 ft of private beachfront, concrete seawall, lots of mature palm trees, high quality finishings throughout! Caretaker’s house, guest house or rental unit behind main residences.
OFFERED AT $996,000. US Contact Us for More Info
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Code: 218 Condos Available
Ambergris Caye New 5 Star Condo Development
San Pedro's newest condo development located just across the bridge on the beach! Large marina, 3 swimming pools - one a saltwater pool! Units are 3100 sq ft and can be locked off to provide separate quarters. All units have canal access with private docking. Roof top jacuzzis, social areas with bars! Great pre-construction pricing!
Starting at $650,000. US Contact Us for More Info
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Search Results 1 thru 5 of 10
Code: 101 Homes Available
Ambergris Caye Residential Duplex
Residential duplex in a nice neighbourhood just south of town center, two storey concrete construction with three bedroom, one bath units on each floor. Currently being renovated. Good rental income!
$195,000 Contact Us for More Info
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Code: 102 Homes Available
Ambergris Caye Boca Del Rio Area
Boca Del Rio area, downtown San Pedro, on the beach! Two storey concrete with three bedrooms, two baths upstairs, two bedrooms, one bath ground floor. Excellent rental potential! Owner financing!
$850,000 Contact Us for More Info
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Code: 103 Homes Available
Ambergris Caye Unique Design Wooden Home
Unique design wooden home, just south of town on a large lot. Catherdral style ceilings, multiple decks giving views of ocean and lagoon. Three bedroom, two bath, 1000+ sq ft. Owner financing available.
$190,000 Contact Us for More Info
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Code: 105 Homes UNDER CONTRACT
Ambergris Caye Ocean View Home
Ocean view home in the Playa Blanca area, 5 miles north of San Pedro, this 4 bedroom, 3 bath home sits on two lots with a 3rd lot added to the package. Outdoor pool, large verandas, French Doors, Jacuzzi, roof top terrace!
UNDER CONTRACT Contact Us for More Info
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Code: 107 Homes Available
Ambergris Caye Executive Class Homes
New waterfront development just a mile from town center with great views of San Pedro, the lagoon and sunsets! These 5,000+ sq ft private homes come with all the amenities including private pool. Water gated community to ensure privacy and protection of property values!
$1,495,000.00 US Contact Us for More Info
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Search Results 1 thru 5 of 15
Code: 202 Condos Available
Ambergris Caye Best On The Beach!
Only two miles south of San Pedro, private white sandy beach, pier, pool with swim-up bar, granite counters, stainless steel appliances, mahogany sleigh beds - high quality throughout! Choice of two bedroom or two bedrooms with loft - extra bedroom and huge jacuzzi!! Restaurant on premises and 15 minutes by golf cart to center of town! Excellent Rental Pool.
$355,000.00 to $499,000.00 US Contact Us for More Info
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Code: 203 Condos Available
Ambergris Caye Right on the Beach
1/2 mile south of San Pedro, right on the beach!! All units are two bedroom, two bath, approx 800 sq ft, fully furnished. Courtyard pool with deck and sunning area, restaurants/bars very near! Marina next door.Excellent price for size and location!
$189,000.00 to $230,000.00 US Contact Us for More Info
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Code: 204 Condos Available
Ambergris Caye Two Blocks from the Ocean
New condo building just south of San Pedro - 5 minutes to town center! Close to restaurants, bars, grocery store and beer depot! One and two bedroom units available, furnished, pool on premises.
$89,000.00 to $140,000.00 US Contact Us for More Info
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Code: 205 Condos Available
Ambergris Caye Large 4 unit Apartment Building
Just a few blocks northwest of town center, this large four unit apartment building is perfect for resale as condo units. On the lagoon with excellent views and sunsets!
$375,000 Contact Us for More Info
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Code: 206 Condos Available
Ambergris Caye Brand New Lagoon Front Condos
Located in the San Pablo area, one mile south of town, these new one or two bedroom, one bath condos are approximately 800 sq ft in size and provide excellent views of town and the lagoon - excellent sunsets from your balcony! Private owners dock and pool with sunning area. 3rd floor is a penthouse suite!
$140,000.00 to $240,000.00 US Contact Us for More Info
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Search Results 1 thru 5 of 31
Code: 401 Vacant Land Available
Ambergris Caye Large Beachfront Development Lots
Punta Azul area about 11 miles north of San Pedro, NINE parcels of land, each 652 ft beach X 1100+ ft deep, just south of the Sueno del Mar Resort. These parels average 20 acres each! ONLY THREE REMAIN UNSOLD NOW!!
NOW $2,900,000.00 US EACH Contact Us for More Info
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Code: 404 Vacant Land Available
Ambergris Caye Ocean Front Lots
Two lots 100' X 300' in the Robles area, 12 miles north of San Pedro - still private and secluded! Owner will finance with 50% down - ask for details ! Four additional adjacent lots if you need more space!
$250,000 US Contact Us for More Info
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Code: 405 Vacant Land Available
Islands Drowned Caye
Need space?? 8,000+ feet of ocean front land with approximately 126 acres of land, all developable! Just ten minutes by boat from Belize City or build your own landing strip! A few small buildings and a pier with approx 40% cleared.
$2,100,000 US Contact Us for More Info
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Code: 407 Vacant Land Available
Ambergris Caye Habaneros Area
Located about 11 miles north of San Pedro, this 100 ft beachfront X 400 ft deep lot can be combined with adjacent lots to suit your development needs!! Very few ocean front lots with such flexibility available!
$395,000. US Contact Us for More Info
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Code: 410 Vacant Land Available
Ambergris Caye Overlooking the Hol Chan Marine Preserve
Ocean front lot, 50' X 135' lot approx 4 miles south of San Pedro - high land with brush cover, ready to build on. Extend your lot by building a seawall. Quiet residential area. Adjacent lot (yellow) also available.
$175,000 US Contact Us for More Info
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Search Results 1 thru 5 of 13
Code: 112 Commercial Available
Ambergris Caye Local Housing Units
Six room local housing unit on a corner lot, standard Town size of 50 ft X 75 ft but only one lot from the lagoon. $600 US income per month.
$45,000.00 US Contact Us for More Info
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Code: 301 Commercial Available
Ambergris Caye Prime Downtown Location
Located in the heart of San Pedro on the main street opposite the basketball court, this commercial building has three 2 bedroom apts upstairs, 9 retail units on the main floor - all currently leased! Option to include the Pharmacy in the purchase! Owner financing available!
UNDER CONTRACT Contact Us for More Info
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Code: 302 Commercial Available
Ambergris Caye Well Established
Well established local hotel, 15 rooms, 6 baths, waterfront location on lagoon only 1/4 mile from San Pedro center. Monthly cash flow of approx $2,700 US. Boathouse and pier included.
$350,000 Contact Us for More Info
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Code: 304 Commercial Available
Ambergris Caye Local Housing Complex
This 21 unit local housing complex is located just two blocks west of the airport, very close to downtown San Pedro. Standard sized lot - 50 ft X 75 ft with option to add 3rd floor units. Food outlet on site. Due to the amount of on-going construction on the island, huge demand for local housing - 100% occupancy!
$225,000 US or Best Offer! Contact Us for More Info
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Code: 307 Commercial Available
Caye Caulker Hotel on the Beach
Recently built hotel on the beach just south of the airport on Caye Caulker. Information sheet being prepared.
$3,200,000 Contact Us for More Info
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