12 Acre Tropical Island

 

Belize, Western Caribbean

 

 

$2,000,000

A lush jungle island some 12 miles off of the mainland and 9 miles east of the Belize Barrier reef. The Belize barrier reef is the largest in this hemisphere and second only to the Great Australian Barrier reef.

Most of the shoreline has sandy beaches. (These beaches can be easily expanded by clearing grass and other vegetation.) There are a few small areas of mangroves on the shore. They are no more than 50 feet each and the water in front of them is sand and coral. There is no mud in the sea around this island. Except for the mangroves, the entire shoreline is lined with coconut trees – thousands of them.

There are no briar grasses, wild animals, snakes, or poisonous vegetation. And no mosquitoes were encountered by the people who wrote the notes for this report.

“Snorkeling all around the island a few hundred feet out, we found coral fish, snapper, jack, parrot fish, angel fish, blue tang, sea fans, sea cucumbers, brain coral, barracuda, tuna, etc. The water gradually gets deeper as you swim out from the island and about 300 to 500 feet from the shore it drops off sharply to around 100 feet and then levels off. Incredible snorkeling and diving and fishing. “

This is a fully titled, fee simple property. Free of all encumbrances. Clear title is assured. Title insurance can be obtained through Stewart Title Company.

It is being sold for: $2,900,000 USD

There are two options to purchase this island.

Option 1 Cash

(1) Purchase price of the island
(2) Government tax - (5% of purchase price)
(3) Attorneys fees for closing costs and title opinion (1% of
purchase price plus recording & misc. fees)

Option 2 Down payment and assume the existing note

Monthly payments are US$ 17, 797.95 (includes 9% Interest.) 105 payments remaining. Proceeds will be calculated according to the closing date and adjustments made at closing. The balance owing as of July 1, 2005 was $1,329,895

(1) The down payment will be the purchase price less the balance of the note.
(2) Government tax - (5% of purchase price)
(3) Attorneys fees for closing costs and title opinion (1% of
purchase price plus recording & misc. fees)


$2,000,000 USD Purchase price

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Costa Rica Phone: (506) 288-3615, 884-1264

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