I am interested in buying a "beachfront" condo on AC.
I have no interest in land or a house. Between property care, caretakers and theft potential my time on AC would become work.

The problem is that the ones I checked out
(Bananas, Belize Yacht Club etc) seemed more interested in selling you something you visit twice maybe 3 times a year. Then they rent it the rest. I have no prob with that in the short term. In the long run I would want something that with minimal maintanence I could use for a few months at a time a few times a year (4-7 months on AC a year).
It seems that as much as AC has boomed the prices are still low compared to what they may become. So I feel now is a good time.
The above mentioned timeshare style places I mentioned are asking 100-140k for 1 bedroom immaculate suites.
I would love input from other people who have done the same or similar as well as self interested parties.

Thanks.

there are a few condos at seven seas for sell.(not the time shares). check with some of the real estate companys. If you don't get anywhere with them let me know. I know a few of the owners there and I know they did have listing. I just don't know for sure who with.

Have a look at http://www.glentree.com

Might just have the kind of deal you are looking for.

Beach Bum: Email me and I'll send you some ideas on condo developments that welcome owners to stay as much as they wish. invest@btl.net http://www.InvestInBelize.com

Just for clarification....Banana Beach is not a timeshare resort.

Thanks

I said "psudo" timeshare 'cause if your not really welcome to live in a condo (at least part time) then your ownership of it is little more then a glorified timeshare.

BB: I currently own a condo on AC and have it in the rental pool. We have been able to use our unit whenever we wanted, including the high season. If you would like more details you can e-mail me direct at mail@lake@foxberry.com

Thanks for your report of the island. It was very enlightening.

Keep in mind that condominium ownership is still a new legal concept in Belize and as yet basically is limited to a relatively few projects on Ambergris Caye. There have been several examples over the last few years of owners of condos on Ambergris Caye getting into disputes with developers or management. Just ask locally and you'll get an earful. Having said that, the quality places seem to enjoy mostly satisfied owners and competent management. Still, though, caveat emptor is always the best policy.

--Lan Sluder
Belize First Magazine http://www.turq.com/belizefirst/

In the proper setting you can be "in or out" of the rental pool as much, or as little as you desire. For something well constructed and, from my perspective, well managed, try Belizian shores, about 4 miles up north. (and nope, I don't own one)

Please email me at robill@cboss.com I may have something that you might be interested in we are a small group of owners, some of us come down three or four times a year and others will come a month or two at a time and most of us rent our units out when we aren't using them. One of the owners is considering selling if you are interested in more details please email me.

quote
___________________________________________
TC Lake
BB: I currently own a condo on AC and have it in the rental pool. We have been
able to use our unit whenever we wanted, including the high season. If you
would like more details you can e-mail me direct at mail@lake@foxberry.com

Thanks for your report of the island. It was very enlightening.

__________________________________________

Lake,
your email was "invalid" so I'll answer on board.
Glad you got a feel for how things are down there.

Re the condos--

Whatever info you are able to pass along I'd appreciate.

Location, price,size,views, maint. cost, taxes etc.

--and of course any knowledge of the potential pitfalls of owning there.
(Strange laws or rules etc).

kwl001@aol.com

Beach Bum


Betty---

Thanks encore for responding. I hope you got the email I sent.



[This message has been edited by Beach Bum (edited 11-27-2000).]

Beach Bum;

Northern Ambergris Caye has a few condominium projects available. Whitesands Villas, Belizean Shores, and Captain Morgan's Villas are all fine choices.

Being in the condominium business myself, please allow me to expand on some of the above-mentioned replies.

Condominiums can be great and can be a nightmare depending on a few variables. Most importantly is your relationship with the management company. I suggest that you also get a lawyer from Belize to help you with the legal work. Many condominium projects cannot offer you Fee Simple ownership (title) to your unit. There are many suitable equivalents such as a 999-year lease and Agreement of Sale which both can be stamped on the original title of the property of which your unit will sit. Another option is corporate ownership, which I personally am wary of.

Some projects need to rent out your unit to stay open as a resort/hotel. Others can afford to allow you to "lock out" your unit.

I find it best to buy into a project that has the infrastructure in place but not your particular unit. This will guarantee the amenities (pool, rest, etc..) and allow you to work with the contractor during construction to make modifications.

A few of my clients have very nice units for sale (built and to be built). They also have units, which you can use as much as you want, or if need be, lock it up. They are very flexible.

If interested please email at chris@offshorepros.com

Chris