BELIZE – AMBERGRIS BY THE SEA
The Project is new construction, and located within the Mahogany Bay Village subdivision (The Development). This is the first guard-gated development on the island of Ambergris Caye. Also planned is a business friendly town center with shops, restaurants, pool and recreation unlike any other property on Ambergris Caye.
According to the developers, there is no debt on the land, and over $10 million USD has been invested in the infrastructure of the development including: roads, canals, and the beautifully landscaped grounds. The homes will be designed and built to CAT 3 hurricane standards and LEED certification. When completed, it will be the largest single development in San Pedro with a total of 421 lots, each of which backs onto a canal and has the potential for a boat slip as well as direct road access. The lots had third party appraisals done in 2011 and each lot was valued at $166,000 (USD).
The developers focused on sourcing local Belizean hardwoods [mahogany, etc.] and other building materials directly from the Cayo district on the mainland. In addition to native building materials, the team is exclusively employing local Belizean labor. This builds local good will and enthusiasm for The Development and enhances its success.
Nearly all travel on Ambergris Caye is either by boat, bicycle or golf cart. One of the most unique aspects of the project is the completed canal system, which offers direct boat access, and will provide boats and water taxis access in and out of the Development. More than one mile of canals will service every lot in the community, and offer quick access to the Caribbean and other destinations around the island. This canal system is the first of its kind to be approved on this island, where half of the total land mass is a protected natural reserve. Elsewhere on the island, dock access is limited. On an island where boats are integral to daily life, it’s expected that the Development’s generous boat access will enhance occupancy and profitability.
If you would like to learn more about this project, please contact us.
Download the Mahogany Bay Holdings Executive Summary here.