Condo for Sale in San Pedro, Ambergris Caye, Belize

Drastically Under Value to Settle Estate

SOLD. This unit has only had one owner, and has never been on the rental program, though it is available should the buyer want to join. It was beautifully decorated by a New York decorator, and is in pristine condition.

The last unit sold, a first floor copy of this one, went for $419,000, in the summer of 08. The reason this unit is so much below market value, the owner wishes to settle his late wife's estate.

The resort has a strong rental history, and is one of the more up-scale places on the island.

This is a prime chance for anyone who is looking for a second home, or a vacation home and rental income. No where on Ambergris Caye is there a value like this. ------The monthly fees for maintenance, insurance, club dues and taxes come to SIX HUNDRED FIFTY TWO US dollars, the major building insurance for hurricanes, fire, etc. takes up almost 300 of the maintenance fee. Insurance is a must in the event of a destructive storm. If this seems high, then this is not the right area of Belize for you------. The ownership is co-op which minimizes closing costs and taxes.