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Buying Beach Property #412117
07/19/11 04:07 PM
07/19/11 04:07 PM
Joined: Jul 2011
Posts: 11
Texas, USA
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Rincoln Offline OP
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Rincoln  Offline OP
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My family and I (Wife and her Parents) will be staying at La Perla Del Caribe in August for about 7 days. We are interested in buying some beachfront land to build on at a future time.

I was wondering if the locals(or people in the know) think it is better to look at the Southern tip of Ambergris or should we head North towards Mexico?

We are not rich but would like to start planning for a great (hopefully) early retirement now. I am 36 years old and my wife is younger.

Also any great real estate agent recommendations ?

Thanks


Last edited by Rincoln; 07/19/11 04:08 PM.

Wanting to see the world!
Re: Buying Beach Property [Re: Rincoln] #412118
07/19/11 04:11 PM
07/19/11 04:11 PM
Joined: Feb 2009
Posts: 2,971
Coeur d'Alene Idaho, USA
champion Offline
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champion  Offline
Growth is north, and at your age and stage, I think it would be a better investment. MHO


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Re: Buying Beach Property [Re: champion] #412120
07/19/11 04:19 PM
07/19/11 04:19 PM
Joined: Apr 2009
Posts: 515
Florida, Belize, Noerth Caroli...
CaptOneIron Offline
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CaptOneIron  Offline
I certainly agree North is better but a lot depends on how much you can afford now. Be wary of people telling you that 'x' amount per linear foot of beach is a good deal and that sort of thing. I would highly recommend Richard McNinimy of Barrier Reef Realty as I have used him on two purchases and found him honest, straightforward and willing to work with you even if you are not now a millionaire.


Captain One Iron
Re: Buying Beach Property [Re: CaptOneIron] #412126
07/19/11 04:51 PM
07/19/11 04:51 PM
Joined: Jan 2008
Posts: 609
San Pedro
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Tim Callanan Offline
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Tim Callanan  Offline
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When you say beach property and future,immediately I think the West side.North is good also,you can get some good deals on the West side.

Last edited by Tim Callanan; 07/19/11 05:50 PM. Reason: little much
Re: Buying Beach Property [Re: Rincoln] #412129
07/19/11 05:27 PM
07/19/11 05:27 PM
Joined: Oct 2009
Posts: 174
Mostly Canada / Sometimes Bel...
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Keller Offline
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Keller  Offline
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If you are looking for something a little closer to the action with utilities there are a few waterfront properties in town too.
http://www.coralbeachrealty.net/listings.php?search=type&value=0

Re: Buying Beach Property [Re: Rincoln] #412155
07/20/11 07:49 AM
07/20/11 07:49 AM
Joined: Nov 2003
Posts: 475
San Pedro
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TravelinMan1 Offline
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TravelinMan1  Offline
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Although I certainly understand folks giving advise as to what someone should be buying I think that you all are doing so without the facts. Based on the information you have provided I could not recommend that you purchase north or south. I would need to know what your goals are, what your budget is, when you say future what does that mean (number of years), etc.

Saying north is best and then saying you have a budget of $50,000.00 USD means the only place you can buy beachfront is Palm Bay. That is a long way away with no road and limited boat access.

Actually Land on the south end of the island is a better value and is seeing more activity at this time. Having said that I could not tell you what to buy without more information.

Re: Buying Beach Property [Re: Rincoln] #412156
07/20/11 08:17 AM
07/20/11 08:17 AM
Joined: Dec 2006
Posts: 12,919
San Pedro Belize
elbert Offline
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elbert  Offline
Rincoln,
The South end is developed already and a little lower sea level wise. The North is where the undeveloped space is and higher elevation, also the direction of the development.
Heat and mosquitoes should be a big consideration and the East side of our long skinny island that runs North and South is where 99% of the people live because of the Trade wind blowing the bugs to the back and cooling you off.. Its really a giant consideration.


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Re: Buying Beach Property [Re: Rincoln] #412179
07/20/11 10:40 AM
07/20/11 10:40 AM
Joined: May 2000
Posts: 6,923
San Pedro Town, Ambergris Caye...
Amanda Syme Offline

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Amanda Syme  Offline
Other factors to consider are important amenities such as road access, electricity, city water and cable tv. Although cell phone coverage is now available every where on the island the same cannot be said about the other basic amenities.

Keep in mind that you may be able to purchase a lot for $50K in Palm Bay - but the cost to develop that lot will be considerably higher than construction costs closer to town.

Although a developed property such as a condo may not be the your "dream" property at the moment you may find that buying a vacation home that is immediately useable that has the potential to produce income and can be resold in the future could be your most practical option. It provides immediate gratification - with fairly fixed costs that you can budget. One of the many benefits of a condo is that the vast majority are located close to town and have amenities in place. Having shared grounds, pier and pool mean you can enjoy these features without having to bear all of the costs of maintenance.

If you would like to discuss this subject drop me a PM - I will be happy to discuss your particular concerns and interests.

Re: Buying Beach Property [Re: Amanda Syme] #412194
07/20/11 01:56 PM
07/20/11 01:56 PM
Joined: Jan 2008
Posts: 609
San Pedro
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Tim Callanan Offline
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Tim Callanan  Offline
T
Sometimes life can be unpredictable,land is such a simpler investment. No insurance,no maintenance fees,no reassessments.Some of our clients would prefer to just get their foot in the door.Make sure you pick a good location that will work to your advantage investment wise.If you have plenty of time, buy a property that is close to electric;and cash in later when the infrastructure is there.Sometimes this is easy to see the progress with utilities,other times you will need a professional to give you the heads up.Land is simple and rarely becomes a burden.We have clients that specifically put their money in land (land bank).Beachfront is one of the best Land banks you can obtain.Don't be foolish and look for a bargain,get a well respected adviser/agency. Good Luck,and P.m. or e-mail if you have any questions. Most important have a great trip to the island.

Re: Buying Beach Property [Re: TravelinMan1] #412200
07/20/11 03:52 PM
07/20/11 03:52 PM
Joined: Jul 2011
Posts: 11
Texas, USA
R
Rincoln Offline OP
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Rincoln  Offline OP
R
Originally Posted by TravelinMan1
Although I certainly understand folks giving advise as to what someone should be buying I think that you all are doing so without the facts. Based on the information you have provided I could not recommend that you purchase north or south. I would need to know what your goals are, what your budget is, when you say future what does that mean (number of years), etc.

Saying north is best and then saying you have a budget of $50,000.00 USD means the only place you can buy beachfront is Palm Bay. That is a long way away with no road and limited boat access.

Actually Land on the south end of the island is a better value and is seeing more activity at this time. Having said that I could not tell you what to buy without more information.


Thanks for the post.
The timeline and budget are both not known.
My wife and I have a budget around $50,000ish and I time line of anywhere from 18 to 30 years.
However her parents are also looking and they have a timeline of 1 to 3 years and a budget of $200,000 to $400,000
We have also considering going in together.
Hope that info helps.


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