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Ambergris Caye, Belize—A Hot Latin American Luxury Real Estate Market, Pg 2

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San JoseChef Amy Knox's Wild Mango restaurant is located on the beach in the center of San Pedro Town and has a very special Caribbean ambiance. To the south of town a young couple, Jo and Chris Beaumont, have started the successful Belize Chocolate Company out of their home. Their Kakaw brand chocolate is free trade and all ingredients are from Belize.

There are many great real estate buys, but the condos in the major resorts are probably the most impressive. Some of the current luxury resort properties of interest are:

Grande Caribe is comprised of over 100 condos and villas. Units range from 1-3 BR condos to Stand alone villas. Prices starting at $399K for beach villas and $249K for bay front villas.

Pelican Reef is a great little resort made up of only 24 villas this development yields some of the higher returns for owners on the vacation rental market. Prices for villas start at $349K

Las Brisas is a community of luxury homes. Owners enjoy plenty of space and that private home feel, but groundskeeping and all amenities are managed by the development. Prices here start at $775K for a 2900SQFT Home

Coco Beach is made up of 44 villas and is all about luxury. Great management team and lots of onsite amenities. Prices range from $279K and up for a 2BR villa.

Alaia resort Marriott Belize
© Alaia Resort

According to Colon, the hottest project right now is the new Alaia Resort affliated with the Marriott hotel brand. This will be the second major hotel chain to set up shop on the island (the first was Hilton Curio) but it is the first with beachfront access. This project was right in the middle of construction with a finish date of December 2020 when the corona virus pandemic hit. Colon expects that construction won't be done now until some time next year. Still, Colon touts this development as a great opportunity for investment.

"It's going to be easy ownership," he says, "They're taking care of everything. Plus, it has a brand name behind it, so the returns are going to be very secure. When people are looking for somewhere to stay on the island, they are inclined to go with something they know. So from an invenstment standpoint it makes sense."

The resort consists of 8 beachfront villas, and 71 condo units in a horseshoe-shaped ring behind the main resort building. The developers of this project have spent lots of money (and time getting the permits) to create a beachfront that is what you expect from the Caribbean coast. Ambergris Caye is a reef island and so it doesn't have those sweeping white sand beaches from the postcards — but Alaia will.

The amentities on the property will be some firsts for the island — luxury spas, fitness centers, high-end restaurants — and Colon thinks it will not only be the best resort on the island but one of the best in the country. Units here start around 229K and the developer is offering financing, a uncommon extra on Ambergris Caye.

Alaia resort mock up amergris belize
© Alaia Resort

The Ambergris Caye government put the finishing touches on a water desalination system (water tested hourly) six months ago with capacity far exceeding the present population and projected growth, and now has high-quality fiber optic communications from the mainland as well.

If you are looking for a luxury real estate investment, a vacation home, or a place to retire, Ambergris Caye is worth your consideration.

When you go:

See the official Travel Belize site for ideas on and off the island and for Ambergris itself. For a place to stay, see our reviews of the best luxury hotels in Belize, including some with units for sale like Victoria House, The Phoenix, and Las Terrazas. To get around Belize in a faster manner than driving, hop a flight with Tropic Air or Maya Island Air

Story and photos by John Lamkin , updates in May of 2020 by Associate Editor Lydia Carey, photos by Lamkin except where indicated.

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