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Housing Development For Sale in Oak Ridge/Lucy Pointe, Roatan Island, Honduras

Roatan Island Fully Developed Sea Fron Housing Development

Asking Price: $1,000,000 - $2,500,000 USD

Pitts Lagoon is a fully established and developed housing development on the sea on the south side of Roatan Island in the heart of the upcoming area of the Island. It is located in Oak Ridge which is the second of two capital towns that govern the island. With the completion of the road into Pitts Lagoon and with the first cruise ship recently landing on the East end of the south side of the Island in the town of Port Royal this area is expanding and is set to explode with new development. We have a Pitts Lagoon website called that is somewhat outdated but can provide some additional photos as well as other information.

Roatan Island is located approximately 750 miles south of Maimi Florida. There are direct flights from various cities in the U.S., Canada and Europe. Airlines include American, United, Delta, Taca, Sosa, etc. There are also many smaller airlines and charter flights that come into the Island.

Pitts Lagoon will have when completed a total of 25 homes privately owned. There are a total of four homes that have been constructed and sold and a fifth is under construction. It is approximately 75% complete and will be listed in the the $500k to $600k price range. It is sea front and is a 3000 sq ft. four story all concrete home. Construction is ongoing on this house. We have a private company that handles our rental pool and rentals. Rentals are quite active.

The infrastructure at Pitts Lagoon has with the exception of expanding existing facilities as required with expansion has been completed. This includes all underground utilities for both water and electric. Water consists of a development wide catch system for rain water and an underground 100,000 gallon cistern to deliver water to the community. There is a back up well that provides additional water as necessary. Electric is provided by RECO, Roatans island wide utility company with a fully functional back up diesel generator to provide back up electric when required to the entire community.

Additional infrastructure includes a completely enclosed and gated community,a concrete three bay service garage for maintenance. a 100 ft dock with 8 boat slips, a marina with boat ramp, 900 Linear feet of concrete sea wall. a walled lagoon within the development that will allow boats to come in from the sea and dock at the homes that will surround the lagoon.

Pitts Lagoon has no debt or debt service of any kind. All approvals required to build out this development have been obtained from the City of Oak Ridge to complete this project. There is a recently constructed concrete road from the main road that runs through the island to the front entrance to Pitts Lagoon. The recent addition of the cruise port in Port Royal will provide the needed momemtum to expand and build out this side of Roatan Island. Pitts Lagoon has two full time employees.

The three owners of Pitts Lagoon are seeking one of two possible situations. Primarily because of our advanced ages we would entertain a complete sale of the Pitts Lagoon development at the asking price of $2,500,000. This would include the new house that we are constructing. This house could be used as the owners quarters, a B & B, a straight rental or an outright sale when completed. Price range is $500k to $600k. We have completed Homeowner Docs that govern the community which are included with the sales. Homeowners dues are presently $200/mo. plus electric service and water service. There is a provision in the docs for unusual maintenance situations.

We have a free and clear recorded Honduran title to all properties. They are held in . Properties, inc. sa. which is a transferable Honduran Corporation thru the purchase of the stock of the corporation. This makes the transfer of the development very convenient and at the least possible cost to change ownership.

The second option is to bring in a new partner with a minimum contribution of $1,000,000. This would provide a 35% ownership position and would be executed thru stock distribution. The new stockholder could be active or silent at his sole discretion. Two of the three present owners have construction backgrounds.

If you have any questions on any of the above you can call Bill Niessen at 954 410 6253. We are U.S. citizens located in South Florida. We can also provide additional photos of the property on request.


About This Property

Category:
Lots/Land
Address:
Oak Ridge/Lucy Pointe
Roatan Island
Honduras
For Sale By:
Owner
Construction Year:
n/a
Area:
n/a
Bedrooms:
n/a
Bathrooms:
n/a
Sleeps:
n/a
Stories:
n/a
Parking Spaces:
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Features - Amenities

  • Pitts Lagoon Is A Fully Developed Housing Development Located
  • On The Sea On The South Side In The Heart Of The Upcoming Area
  • Of Roatan Island. Consisting Of 4 Completed Houses Which Are Sold
  • And One New House That Is Currently Under Construction. Currently
  • It Is Approximately 75% Complete With Continuing Constuction.
  • At The Present Time There Are 19 Improved Building Lots For Sale.
  • Sale. The Infrastructure Has Been Completed Including An Underground Utilities,
  • Catch Water System With Back Up Well Service, Back Up Generator
  • In The Event City Power Fails And Completed Enclosed And Gated.
  • There Is A Small Marina With Boat Ramp And Approximately
  • 900 L.F. Of Concrete Sea Wall That Has Been Installed. Docks
  • And Boat Slips Have Also Been Installed.
  • There Is No Debt Or Debt Service On This Development And All
  • And All Building Approvals And Requires Has Been Obtained From
  • The City Of Oak Ridge To Complete This Project.


Contact - More Information

william Niessen
 
Phone:   9544106253  (United States)
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