Sunday, January 10, 2010
January 2010 Roatan Real Estate Newsletter
- “Spring Planting?”
- The Right “Fit”
- Best Deals
- Trading Places
- “Spring Planting?”
Strange some of what you do here. I spent a few hours last weekend planting tomatoes, peppers, cucumbers and radishes from seed. I realize many of you are there in the cold and snow and months away from Spring, but here it was a day that was sunny and not a cloud in the sky. I chuckled actually when I ordered the seeds on line. The tomatoes I picked from the catalog stated “this variety will produce all the way until first frost”. Hmm. No frost here,…… ever. I have to wonder how this will work out. I can honestly say that I do not miss winter much and that from someone who cross country skied for about 30 years. One of the little perks of living in a tropical climate.
The above said, it certainly has been “chilly” here, with nights in the low 70’s, though even compared to the temps I have been seeing in Florida in the 20’s, 30’s and 40’s. In a Zogby Poll last year it estimated that over 10% of people living in the U.S. were considering a move out of the U.S., (both part time and full time), weather was certainly one of the main reasons.
- The Right “Fit”
Sitting where I sit I see many different clients and their reasoning and motivations for buying their dream on this little tropical island. Some are looking down the road 5 to 10 years towards retirement and wish to “get in early” in regard to a place to retire to. They have options of buying vacant land as their choice, others a condo or home to visit, rent out and help pay for itself until it is “their time”, whether that be vacations or retirement some of these people may have the option of doing such with an IRA or 401K. Some are not very well traveled, the kids have or will be “leaving the nest” and they think it is now their turn to have a little life, a little adventure. These people often are on a quest to find themselves,……. once again. Having spent the last 20 or 30 years raising children they can be “the life is short, get some mentality”, which I actually tend to agree with and one of the reasons I got here. There also are those who feel their country is going the wrong direction at this time and are looking to get funds off shore to possibly help with wealth preservation or inheritance. Some may wish to set up a small business or enterprise on the island thus still earning a living, contributing to the local economy, while living in a tax free zone in this country and being able to take advantage of very large tax breaks the U.S provides for their citizens for people who live offshore.
It may just be the white sand beaches, aqua blue waters, great fishing, diving snorkeling or the relaxed island lifestyle that has been missing most of your life in the lands of “hustle & bustle”. Just thinking of not having to shovel snow again would work for me.
Whatever motivated you to have found Roatan may be the same reasons you have for considering your property purchase. We welcome you as readers and encourage you to follow your dreams. We suggest you ask all the right questions. Research, visit, and email. If the people you email do not email back, email those that do. I can help some, both with answers, and if you wish a free “Investment/Relocation” Guide, (over 300 pages) at no charge. If you wish a copy just ask and I will send you one.
If you feel you would like the convenience of getting all your questions answered all at one time you may wish to participate in one of our “Discovery Tours”. The next is the last week of February and may be just what you are looking for. http://roatan-realestate.com/roatan-investment-tours.php
- This month’s “Best Deals”
There are so many reasons and so many deals in real estate across the globe that make it a compelling argument that now is the right time to buy. Obviously each person needs to determine and evaluate their goals and objectives at this great time to purchase.
There are 20+ options to buy home sites on the island for less than $30,000 alone. Developers here, like developers there, would being willing to listen to offers that two years ago they would have never considered. There are some very good deals out there right now and buying while prices are low and many Sellers are motivated is the perfect time.
I have compiled some choices that I feel are some of the best alternatives available for Homes, Condos, and coveted beach and water front home sites. Some of these examples have been reduced substantially. Other selections are very good values in some very nice locations.
Originally listed by another company for $599,000 this Seller just again dropped the price
all the way to $195,000. Beach front! The lot is work this price!
http://roatan-realestate.com/listing.php?id=436
This first piece was just reduced $50,000.00 . It is a nice piece of beach that is shaped in a manner that would allow two buildings to be built or subdivided if one wished to.
For a piece of beach front it is value priced –
http://roatan-realestate.com/listing.php?id=574
2br/2ba condo only $135,000 U.S. In West End? T his Duplex was originally listed as an unfinished project at $269,000. The Seller said “Move It Out” and reduced his price to $199,000 AND he would sell one of the two floors if someone wished to do that!. Either floor would cost between $30 to $40K to finish – price variance based on your choice of finish materials, thus ending up with a concrete constructed 2br unit in West End for $135 to $145K is unheard of.... Check it out here-
http://roatan-realestate.com/listing.php?id=413
This is a very nice view parcel in West End that was just reduced $19,000. Breezes, views, water, electric a great price on something that could have sold for double this a couple years ago.
http://roatan-realestate.com/listing.php?id=406
This small parcel in between West Bay and West End is a great little spot that the owners
want moved. They reduced the asking price $20,500.00.
http://roatan-realestate.com/listing.php?id=573
This piece at $28,500 asking is a great spot to put some cash for the future on the east portion of the island.
http://roatan-realestate.com/listing.php?id=483
The Developer wishes to move on of the newly released ocean front home sites and will discount any one you choose by 30% to the first person that closes on one. In a protected harbor a great spot for a boater.
http://roatan-realestate.com/listing.php?id=611
This condo unit is top of the line in fact the President of this country Roberto Micheletti just spent two nights in it for New Years on West Bay. It is priced at over $200,000.00 less than what another all but just like it is for sale in the same building!
http://roatan-realestate.com/listing.php?id=307
Want a nice piece to land bank and to buy when prices as depressed. here is 9.8 acres
on the west end of the island right on the West Bay / Flowers Bay road. Just reduced $50,000
http://roatan-realestate.com/listing.php?id=592
How about a dive resort. Originally listed for $ 2.3 Million. Now just $1.5 mil. Get away from it all.
http://roatan-realestate.com/listing.php?id=271
This one is definitely a jewel. Extremely well maintained. Top condition, would be a good rental when you are not here. A very short walk to the white sand and blue waters of West Bay Beach!
http://roatan-realestate.com/listing.php?id=610
-"Trading Places"
I have a client that has a home on a spectacular lake in the very shadows of a tropical rain forest and volcano in Guatemala who would like to trade it for a home on the Island of Roatan or for a place in Southern Florida. If you wish additional information or have something you have and are interested, let me know.
Do you have property on the island you wish to sell? Drop us a line, maybe we can help. Our top rated web site gets considerable traffic and maybe just what the doctor ordered. Our monthly newsletters have been published for over eight years and are a great way for thousands to keep informed about the island whether it be the real estate “pulse” of the area or just to find out about a new restaurant. It has helped many sell their property here and we may be able to help you. Drop us a line and maybe we can help.
We would like to wish all our readers a Happy, Healthy and Prosperous New Years. We hope that Roatan is one of your “resolutions” this year.
Best to all for 2010 and thanks for reading.
Larry
- The Right “Fit”
- Best Deals
- Trading Places
- “Spring Planting?”
Strange some of what you do here. I spent a few hours last weekend planting tomatoes, peppers, cucumbers and radishes from seed. I realize many of you are there in the cold and snow and months away from Spring, but here it was a day that was sunny and not a cloud in the sky. I chuckled actually when I ordered the seeds on line. The tomatoes I picked from the catalog stated “this variety will produce all the way until first frost”. Hmm. No frost here,…… ever. I have to wonder how this will work out. I can honestly say that I do not miss winter much and that from someone who cross country skied for about 30 years. One of the little perks of living in a tropical climate.
The above said, it certainly has been “chilly” here, with nights in the low 70’s, though even compared to the temps I have been seeing in Florida in the 20’s, 30’s and 40’s. In a Zogby Poll last year it estimated that over 10% of people living in the U.S. were considering a move out of the U.S., (both part time and full time), weather was certainly one of the main reasons.
- The Right “Fit”
Sitting where I sit I see many different clients and their reasoning and motivations for buying their dream on this little tropical island. Some are looking down the road 5 to 10 years towards retirement and wish to “get in early” in regard to a place to retire to. They have options of buying vacant land as their choice, others a condo or home to visit, rent out and help pay for itself until it is “their time”, whether that be vacations or retirement some of these people may have the option of doing such with an IRA or 401K. Some are not very well traveled, the kids have or will be “leaving the nest” and they think it is now their turn to have a little life, a little adventure. These people often are on a quest to find themselves,……. once again. Having spent the last 20 or 30 years raising children they can be “the life is short, get some mentality”, which I actually tend to agree with and one of the reasons I got here. There also are those who feel their country is going the wrong direction at this time and are looking to get funds off shore to possibly help with wealth preservation or inheritance. Some may wish to set up a small business or enterprise on the island thus still earning a living, contributing to the local economy, while living in a tax free zone in this country and being able to take advantage of very large tax breaks the U.S provides for their citizens for people who live offshore.
It may just be the white sand beaches, aqua blue waters, great fishing, diving snorkeling or the relaxed island lifestyle that has been missing most of your life in the lands of “hustle & bustle”. Just thinking of not having to shovel snow again would work for me.
Whatever motivated you to have found Roatan may be the same reasons you have for considering your property purchase. We welcome you as readers and encourage you to follow your dreams. We suggest you ask all the right questions. Research, visit, and email. If the people you email do not email back, email those that do. I can help some, both with answers, and if you wish a free “Investment/Relocation” Guide, (over 300 pages) at no charge. If you wish a copy just ask and I will send you one.
If you feel you would like the convenience of getting all your questions answered all at one time you may wish to participate in one of our “Discovery Tours”. The next is the last week of February and may be just what you are looking for. http://roatan-realestate.com/roatan-investment-tours.php
- This month’s “Best Deals”
There are so many reasons and so many deals in real estate across the globe that make it a compelling argument that now is the right time to buy. Obviously each person needs to determine and evaluate their goals and objectives at this great time to purchase.
There are 20+ options to buy home sites on the island for less than $30,000 alone. Developers here, like developers there, would being willing to listen to offers that two years ago they would have never considered. There are some very good deals out there right now and buying while prices are low and many Sellers are motivated is the perfect time.
I have compiled some choices that I feel are some of the best alternatives available for Homes, Condos, and coveted beach and water front home sites. Some of these examples have been reduced substantially. Other selections are very good values in some very nice locations.
Originally listed by another company for $599,000 this Seller just again dropped the price
all the way to $195,000. Beach front! The lot is work this price!
http://roatan-realestate.com/listing.php?id=436
This first piece was just reduced $50,000.00 . It is a nice piece of beach that is shaped in a manner that would allow two buildings to be built or subdivided if one wished to.
For a piece of beach front it is value priced –
http://roatan-realestate.com/listing.php?id=574
2br/2ba condo only $135,000 U.S. In West End? T his Duplex was originally listed as an unfinished project at $269,000. The Seller said “Move It Out” and reduced his price to $199,000 AND he would sell one of the two floors if someone wished to do that!. Either floor would cost between $30 to $40K to finish – price variance based on your choice of finish materials, thus ending up with a concrete constructed 2br unit in West End for $135 to $145K is unheard of.... Check it out here-
http://roatan-realestate.com/listing.php?id=413
This is a very nice view parcel in West End that was just reduced $19,000. Breezes, views, water, electric a great price on something that could have sold for double this a couple years ago.
http://roatan-realestate.com/listing.php?id=406
This small parcel in between West Bay and West End is a great little spot that the owners
want moved. They reduced the asking price $20,500.00.
http://roatan-realestate.com/listing.php?id=573
This piece at $28,500 asking is a great spot to put some cash for the future on the east portion of the island.
http://roatan-realestate.com/listing.php?id=483
The Developer wishes to move on of the newly released ocean front home sites and will discount any one you choose by 30% to the first person that closes on one. In a protected harbor a great spot for a boater.
http://roatan-realestate.com/listing.php?id=611
This condo unit is top of the line in fact the President of this country Roberto Micheletti just spent two nights in it for New Years on West Bay. It is priced at over $200,000.00 less than what another all but just like it is for sale in the same building!
http://roatan-realestate.com/listing.php?id=307
Want a nice piece to land bank and to buy when prices as depressed. here is 9.8 acres
on the west end of the island right on the West Bay / Flowers Bay road. Just reduced $50,000
http://roatan-realestate.com/listing.php?id=592
How about a dive resort. Originally listed for $ 2.3 Million. Now just $1.5 mil. Get away from it all.
http://roatan-realestate.com/listing.php?id=271
This one is definitely a jewel. Extremely well maintained. Top condition, would be a good rental when you are not here. A very short walk to the white sand and blue waters of West Bay Beach!
http://roatan-realestate.com/listing.php?id=610
-"Trading Places"
I have a client that has a home on a spectacular lake in the very shadows of a tropical rain forest and volcano in Guatemala who would like to trade it for a home on the Island of Roatan or for a place in Southern Florida. If you wish additional information or have something you have and are interested, let me know.
Do you have property on the island you wish to sell? Drop us a line, maybe we can help. Our top rated web site gets considerable traffic and maybe just what the doctor ordered. Our monthly newsletters have been published for over eight years and are a great way for thousands to keep informed about the island whether it be the real estate “pulse” of the area or just to find out about a new restaurant. It has helped many sell their property here and we may be able to help you. Drop us a line and maybe we can help.
We would like to wish all our readers a Happy, Healthy and Prosperous New Years. We hope that Roatan is one of your “resolutions” this year.
Best to all for 2010 and thanks for reading.
Larry
Labels: roatan diving golf, Roatan Honduras, Roatan Honduras - retirement real estate, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean, vacation homes
Saturday, November 28, 2009
Roatan Island Honduras Local Updates
“Tid-Bits”-
1- In last months Newsletter I suggested some places to stay. There are of course many depending on your desires, standards and budgets. On the Luxury end of the spectrum, remote but still “close in” is one of my favorites. Barefoot Cay Resort is an intimate luxury retreat, including a private 4 acre cay, on the south side of Roatan. We offer beachfront bungalows and villas, and oceanview loft accommodations, with Heavenly beds, fully equipped kitchens, A/C, TV/DVD, high speed internet and courtesy cell phones. Resort amenities include on-site PADI 5 Star IDC dive center, Barefoot Divers, spa, dining services, fitness room, pool, kayaks and more. For more information, visit our websites, www.BarefootCay.com and www.BarefootDiversRoatan.com
2-More new store openings at the new “Mega Plaza” Mall. Medi Centro has opened an office there. This is a satellite branch of the best hospital in LaCeiba. They send to the island all the medical specialists that you will find there. All speak English and certainly nice to lift the level of access to medical care on the island. Also new is a computer store, an optician, an industrial cleaning supply location, “Animal Kingdom” for a Vet, pet care and supplies. Things are really shaping up there. Although most places are rented out, I would think they will be in full swing pretty shortly.
3- Aeromedical Services S.A. Policy
Aeromedical Services (AMS) is a new medical air ambulance service available for the Bay Islands. This is a membership service that supplies helicopter evacuation services for medical emergencies. They are in process of
putting together their website but they do have an “e-brochure”. If you wish a copy outlining their program
email them directly here for a copy- aeromedservices.s.a@westnet.com.au
4-As most of you are aware Roatan is part of a poor country. The upside to investors is that often comparatively things like property taxes are very low. That said often people are called upon to help out with things like schools supplies, medical supplies for the hospitals and clinics and other organizations in need. In this instance I would like to ask for help for the local Law Enforcement. A new organization has been set up that meets each Wednesday at Pineapple Villas in French Harbor called “Crime Watch”. The goals in this instance is to enhance the ability of the local law enforcement through the purchase of much needed gear and supplies. At this time about $30,000+ dollars has been donated and the group is in process of the purchase of three used Ford Crown Victorias, 50 sets of shoulder attached radios that will have the ability to have officers communicate with each other from one end of the island to the other, much needed computers and office supplies, forensic and finger printing equipment and many other items. The goal at this time is $60,000 financially and the end results they are hoping for will enhance the security of the island keeping all more safe and secure. Please visit this site and if you have the ability lend a helping hand. http://www.roatancrimewatch.com/projectsecure/
1- In last months Newsletter I suggested some places to stay. There are of course many depending on your desires, standards and budgets. On the Luxury end of the spectrum, remote but still “close in” is one of my favorites. Barefoot Cay Resort is an intimate luxury retreat, including a private 4 acre cay, on the south side of Roatan. We offer beachfront bungalows and villas, and oceanview loft accommodations, with Heavenly beds, fully equipped kitchens, A/C, TV/DVD, high speed internet and courtesy cell phones. Resort amenities include on-site PADI 5 Star IDC dive center, Barefoot Divers, spa, dining services, fitness room, pool, kayaks and more. For more information, visit our websites, www.BarefootCay.com
2-More new store openings at the new “Mega Plaza” Mall. Medi Centro has opened an office there. This is a satellite branch of the best hospital in LaCeiba. They send to the island all the medical specialists that you will find there. All speak English and certainly nice to lift the level of access to medical care on the island. Also new is a computer store, an optician, an industrial cleaning supply location, “Animal Kingdom” for a Vet, pet care and supplies. Things are really shaping up there. Although most places are rented out, I would think they will be in full swing pretty shortly.
3- Aeromedical Services S.A. Policy
Aeromedical Services (AMS) is a new medical air ambulance service available for the Bay Islands. This is a membership service that supplies helicopter evacuation services for medical emergencies. They are in process of
putting together their website but they do have an “e-brochure”. If you wish a copy outlining their program
email them directly here for a copy- aeromedservices.s.a@westnet.com.au
4-As most of you are aware Roatan is part of a poor country. The upside to investors is that often comparatively things like property taxes are very low. That said often people are called upon to help out with things like schools supplies, medical supplies for the hospitals and clinics and other organizations in need. In this instance I would like to ask for help for the local Law Enforcement. A new organization has been set up that meets each Wednesday at Pineapple Villas in French Harbor called “Crime Watch”. The goals in this instance is to enhance the ability of the local law enforcement through the purchase of much needed gear and supplies. At this time about $30,000+ dollars has been donated and the group is in process of the purchase of three used Ford Crown Victorias, 50 sets of shoulder attached radios that will have the ability to have officers communicate with each other from one end of the island to the other, much needed computers and office supplies, forensic and finger printing equipment and many other items. The goal at this time is $60,000 financially and the end results they are hoping for will enhance the security of the island keeping all more safe and secure. Please visit this site and if you have the ability lend a helping hand. http://www.roatancrimewatch.com/projectsecure/
Labels: International Real Estate, Roatan Honduras, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean
Saturday, October 24, 2009
Roatan Feeling Pretty Positive
-Market 'Feel' PMA
Things here are pretty optimistic and no doubt that a "PMA", Positive
Mental Attitude, is a very important factor. The world economy and the
political situation dampened the enthusiasm that was prevalent here for the
past decade, but overall most people here are pretty upbeat. It is pretty
hard not to be actually. The sand is still white, water is still aqua blue,
the weather is warm and sunny, the people are still as friendly as ever and
economically the island will do well this coming year. The losses that were
experienced due to the economic and political situation this year will fade.
You only need to look at the expansion of the Royal Caribbean cruise ship
dock and the opening, on November 20th this year, of the new Carnival Cruise
Line port to see how life can spring right back to normal.
The mid-island "Pristine Bay" Development will have a Pete Dye designed 18
hole golf course in full operation by mid 2010, (9 holes completed by years
end- '09). The developers of this project have two successful projects under
their belt (the latest is the Antigua Country Club in Guatemala). They will
have a company called Lancaster Group handling their property management.
Lancaster is a high-end, boutique Hotel Management company. (Both mentioned
businesses can be found online). They have 350+ full time people working
there daily on construction and golf course maintenance.
Carnival Cruise lines will open their new $67 million Port mid island this
November and Royal Caribbean is in the process of investing $30 million on
the expansion of the Coxen Hole Location. The Carnival project started
construction AFTER last Fall's "economic" crisis. By next season they are
projecting up to 6,000 cruise visitors a day seasonally. Carnival Corp. is
the largest cruise company in the world running seven different cruise ship
lines, one of which is Carnival. Their new ships have a cost that exceeds
One Billion dollars with over $250 million in "kitchen ware" alone.
Basically the above means hundreds of thousands of visitors who, like many
that come here, will fall in love with the place. Then you have the Pristine
Bay Development with the new Black Pearl Dye Design Gold Course. No layoffs
there. They are full speed ahead with over 350 people working there daily.
You can swing your clubs there by the end of the year and the week before
Easter will be the Grand Opening Celebration. I know that wherever it is you
are now, some of this may sound like pretty small potatoes. For the sleepy
little island of Roatan, however, it is news that economically is all
positive for the people on the island.
Things here are pretty optimistic and no doubt that a "PMA", Positive
Mental Attitude, is a very important factor. The world economy and the
political situation dampened the enthusiasm that was prevalent here for the
past decade, but overall most people here are pretty upbeat. It is pretty
hard not to be actually. The sand is still white, water is still aqua blue,
the weather is warm and sunny, the people are still as friendly as ever and
economically the island will do well this coming year. The losses that were
experienced due to the economic and political situation this year will fade.
You only need to look at the expansion of the Royal Caribbean cruise ship
dock and the opening, on November 20th this year, of the new Carnival Cruise
Line port to see how life can spring right back to normal.
The mid-island "Pristine Bay" Development will have a Pete Dye designed 18
hole golf course in full operation by mid 2010, (9 holes completed by years
end- '09). The developers of this project have two successful projects under
their belt (the latest is the Antigua Country Club in Guatemala). They will
have a company called Lancaster Group handling their property management.
Lancaster is a high-end, boutique Hotel Management company. (Both mentioned
businesses can be found online). They have 350+ full time people working
there daily on construction and golf course maintenance.
Carnival Cruise lines will open their new $67 million Port mid island this
November and Royal Caribbean is in the process of investing $30 million on
the expansion of the Coxen Hole Location. The Carnival project started
construction AFTER last Fall's "economic" crisis. By next season they are
projecting up to 6,000 cruise visitors a day seasonally. Carnival Corp. is
the largest cruise company in the world running seven different cruise ship
lines, one of which is Carnival. Their new ships have a cost that exceeds
One Billion dollars with over $250 million in "kitchen ware" alone.
Basically the above means hundreds of thousands of visitors who, like many
that come here, will fall in love with the place. Then you have the Pristine
Bay Development with the new Black Pearl Dye Design Gold Course. No layoffs
there. They are full speed ahead with over 350 people working there daily.
You can swing your clubs there by the end of the year and the week before
Easter will be the Grand Opening Celebration. I know that wherever it is you
are now, some of this may sound like pretty small potatoes. For the sleepy
little island of Roatan, however, it is news that economically is all
positive for the people on the island.
Labels: foreign country adventures, Real Estate Investment, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean, Second homes, tax haven
Wednesday, September 02, 2009
Golf Course, Roatan Honduras
CONDO OWNER RETURNS
YEAR 2011 2012 2013 2014
Average Rate $365 $401 $441 $485
Occupancy 30% 40% 40% 50%
Gross Revenue $39,420 $57,744 $63,504 $87,300
Main. + Serv. $4,730 $6,929 $7,060 $10,476
ResortShare $7,884 $11,549 $12,701 $17,460
NET REVENUE
$26,806 $39,266 $43,743 $59,364
Notes:
* Conservative Occupancy Rates
* Maint+Serv Includes All Services Including Pool and Landscaping
* Economics based on Condominium B, 2 bdrm.
* These are PROJECTED returns; in no way can the resort guarantee these results.
Wow what are these? Well these are the projections from the developer of Pristine Bay for their new Marina Villa Condos, (Black Pearl Pete Dye design golf course community) being offered for sale that were sent to me this past week. This project¹s property management is being done by the Lancaster Group (http://www.lancaster.com/About_The_Lancaster_Group.html )
I realize that there has never been anything like this offered in actual published returns from here before, if there has been I have not seen them. Can they be real? Lancaster Group is both very experienced and has a great track record but the way I look at these numbers is even if they are off by half, that is one half what is listed above, you are probably looking at double what anyone else on the island is offering in real money or has any real track record of such. Sure is worth a look with prices on units starting at only $348,000. Take a look. What a great place to retire/invest/visit. If you are not thinking about the golf, diving, “beach combing”, hammocking and investing at this place you certainly should be.
Marina Villa Condos
http://www.roatan-realestate.com/listing.php?id=584
Casita Town House Villas
http://roatan-realestate.com/listing.php?id=420
YEAR 2011 2012 2013 2014
Average Rate $365 $401 $441 $485
Occupancy 30% 40% 40% 50%
Gross Revenue $39,420 $57,744 $63,504 $87,300
Main. + Serv. $4,730 $6,929 $7,060 $10,476
ResortShare $7,884 $11,549 $12,701 $17,460
NET REVENUE
$26,806 $39,266 $43,743 $59,364
Notes:
* Conservative Occupancy Rates
* Maint+Serv Includes All Services Including Pool and Landscaping
* Economics based on Condominium B, 2 bdrm.
* These are PROJECTED returns; in no way can the resort guarantee these results.
Wow what are these? Well these are the projections from the developer of Pristine Bay for their new Marina Villa Condos, (Black Pearl Pete Dye design golf course community) being offered for sale that were sent to me this past week. This project¹s property management is being done by the Lancaster Group (http://www.lancaster.com/About_The_Lancaster_Group.html )
I realize that there has never been anything like this offered in actual published returns from here before, if there has been I have not seen them. Can they be real? Lancaster Group is both very experienced and has a great track record but the way I look at these numbers is even if they are off by half, that is one half what is listed above, you are probably looking at double what anyone else on the island is offering in real money or has any real track record of such. Sure is worth a look with prices on units starting at only $348,000. Take a look. What a great place to retire/invest/visit. If you are not thinking about the golf, diving, “beach combing”, hammocking and investing at this place you certainly should be.
Marina Villa Condos
Casita Town House Villas
Labels: Roatan Honduras - retirement real estate, Roatan Honduras Golf Black Pearl Pete Dye Course, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean
Sunday, May 31, 2009
Shake, Rattle & Roll
-Shake, Rattle and Roll
Thursday, May 28th at 2:30 am +/- 40 miles off the coast of Guanaja, the northern most island of the Bay Islands, an earthquake measuring 7.3 rocked the Bay Islands, the mainland of Honduras reaching into both Guatemala and Belize, with aftershocks of up to 4.5. Although closest to the epicenter is seems even with the largest in over 100 years, the Bay Islands escaped all but unscathed in regard to the affects. There were no injuries, hospital visits and damage to structures very minimal. The mainland of Honduras did have six deaths and the loss of some lower end homes, along with a bridge that collapsed in between LaCeiba and San Pedro Sula which is on the major road between the two. The last quake of size in the Bay Islands was in 1989 and was a 6.9. Being from the Midwest it was my first real experience with this and admit it was a bit scary but thankful that the island fared so well.
Thursday, May 28th at 2:30 am +/- 40 miles off the coast of Guanaja, the northern most island of the Bay Islands, an earthquake measuring 7.3 rocked the Bay Islands, the mainland of Honduras reaching into both Guatemala and Belize, with aftershocks of up to 4.5. Although closest to the epicenter is seems even with the largest in over 100 years, the Bay Islands escaped all but unscathed in regard to the affects. There were no injuries, hospital visits and damage to structures very minimal. The mainland of Honduras did have six deaths and the loss of some lower end homes, along with a bridge that collapsed in between LaCeiba and San Pedro Sula which is on the major road between the two. The last quake of size in the Bay Islands was in 1989 and was a 6.9. Being from the Midwest it was my first real experience with this and admit it was a bit scary but thankful that the island fared so well.
Labels: Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean
Tuesday, May 05, 2009
Is Moving Abroad to Retire for You? Baby Booms -It's your Choice!
-Is moving Abroad for you?
My monthly newsletter is intended to inform you, the reader, about Roatan;
investors, adventurers, and "Baby Boomers" out there investigating the
possibility of buying, living and retiring abroad. Fact of the matter is,
Roatan may or may not be for you. sign up for your newletter here-
http://www.roatan-realestate.com/roatan-real-estate-newsletter.php
happy to remain in their "comfort zones". That's fine for some, not so for
others. There then is the group that does what many of their parents did -
they make it as far as Florida or Arizona each winter. That also is fine,
for them.
For me and millions of others there are desires, and needs, to push the
envelope a bit further. I think the greatest majority desire adventure. For
some that may be challenging the expressway to get to the nearest music
festival. For others it may mean finding another country that offers "new².
By "new" I mean "NEW". New climate, new culture, new foods, new
adventure,......."NEW". Financially there can be large advantages to
moving abroad. Most Baby Boomers have spent 40+ years doing what they were "supposed" to do; they've had plenty of ups and downs and challenges raising children, caring for elderly parents, and driving down the road of life with all it's curves, bumps and accidents.
The internet is an amazing source of information. If you have anywhere from
one year to several years before you are scheduled in your own mind to
retire, you owe it to yourselves to investigate the possibilities the world
has to offer.
-Market Overview-
I believe every real estate company on the island was pretty much holding
their breath from October though January, like almost everyone in North
America, regarding the economic crisis. We watched markets like Los Angeles,
Las Vegas, large parts of Arizona and Florida and saw their real estate
values tumble. All the real estate companies here experienced slower
business than previous years and wondered "what is next"? Well, it seems we
now have the answer - not much has changed. We are all doing business,
prices have not tumbled and things are pretty much the same. There have been a few bargains from Sellers who found themselves "upside down" on their mortgages at home, but overall the market here is just fine. Sales have kicked back in. Not sure what the motivating force is; investors, Baby Boomers, people looking for second homes, vacation homes, or home sites for
future retirement homes. Some believe that a piece of real estate on the
island will be a better investment than what their stock portfolios have
produced. I believe for the most part, though, that what we are seeing is
what we have always seen - just a gap of 3-4 months with people holding
their breath. Visit us here www.roatan-realestate.com
Join Us August 17, 2009 on our "Discovery/Investment Tour"
Labels: Golf Pete Dye Course, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean, sand beach
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