Property Location
Property / Parcel ID #: 6300
Calabash Caye
Turneffe Atoll, Belize

Auction Information
Date Aug 10, 2006
Location Island Auction - August 10th - Sealed Bid Deadline for all of the Islands.

Offering Method
Parcel 6300A?

CASTAWAYS REEF - 14 Pristine Acres with 2,000? of Private Beachfront?

4250 sq. ft. New Luxury Beach House - Green Technology?

MINIMUM BID: $2,750,000?

The exclusive Castaways Reef property will be offered in its entirety via a Sealed Bid auction format for the stated minimum bid of $2.75 million. This means the Seller will sell the property to the High Bidder who bids at least $2.75 million (plus the Buyer?s Premium) at the auction.The property will be sold subject to the terms of the Purchase and Sale Agreement.?

On-Site Inspection: By Appointment Only?

Broker Participation Invited?

Property Information
The Turneffe Islands are exceptionally located outside the Belize Barrier Reef, have outstanding diving and snorkeling year round and are rated as one of the top Saltwater Fly Fishing destinations in the world. The Castaways Reef property is a unique blend of style, comfort and adventure. It was carefully designed to minimize ongoing operational and maintenance costs, without negatively impacting the environment. Overhead costs were minimized through the usage of smart technologies and green technologies incorporating hybrid power and water systems.?

The Reef is paradise to both naturalists and water sportsmen, as it includes over 150 species of fish; an abundance of wildlife, including the Osprey Eagle, Iguanas, Saltwater Crocodile, and more; and is perfect for diving, snorkeling and saltwater fly-fishing. For example one salt water fly fisherman guest landed 19 Bonefish in just 4 days in front of the Castaways Reef beach, walking along the island?s flats, and fishing "Grand Slams" are common among the fisherman in these waters. The neighboring resort provides plenty of guides for you to enjoy your choice of water sport or activity. If scuba diving is your passion, arrangements can be made with area resorts that specialize in world class diving in the Turneffe Atoll and neighboring Blue Hole and China Wall dive sites. The Turneffe Atoll has eight world-renowned dive and snorkeling sites. The Reef?s supply boat is also available for area adventures and deep-sea fishing.?

Total Property Area: 14 Acres?

Beach Front: 2,000 ft.?

Dimensions: Irregular?

Topography & Geography: Generally Level, with the island 4?-8?above sea level. The property, including the beach is on bedrock.?

Annual Rainfall: 1,347 mm/year or about 48?/year?

2005 & 2006 Annual Real Estate Taxes: $1,100 BZE/ $550 USD?

Ingress & Egress: The property is casually accessed by boat or helicopter/ there are two helicopter landing sites at the property.?

Wildlife: Osprey Eagle, Iguanas, Raccoons, Saltwater Crocodile, upside-down non-stinging jellyfish and more.?

Vegetation: Over 600 coconut palms and 150 fruit and nut trees, including orange, grapefruit, limes, lemons, tangelos, 3 types of bananas, plantains, almond, sapodilla and commercial blackberries.?

Beach: Castaways Reef has beautiful 2,000 linear feet of natural high-elevation white sand beach.?

Sports: Diving, snorkeling and fishing and relaxing are the predominate activities.?

Supply Boat: 29? open cabin, with an 8? beam and twin Yamaha 100 4-stroke engines.?

Kayak: Hobie 2-person Kayak, paddles, comfort seating.?

Dock: 250' Dock with three slips and boathouse with an attached bathroom with shower facilities.?

Personal Property: All personal property owned by the Seller, including all furniture, antiques, fixtures, tools, equipment, and soft goods in place on site, shown in Digital Inventory, will be conveyed free and clear as part of the sale. Please refer to the Bidder's Information Packet for the list of personal property to be conveyed to the Buyer.