Oct 30, 2023 at 6:10pm (EDT)
Bidding Closed | Sale Pending
DescriptionWater Caye represents the rarest of opportunities in all of Belize in so many unique ways. Boasting an area 500± acres, making this one of the largest privately held islands in the country, this island property is situated only 12 miles ESE of the Belize City hub, the biggest city with the largest population in the entire country.Its proximity to Belize City makes it more convenient for access to all materials for construction, food stuffs, other essential materials, services and transporting workers or guests. Its southern edge is approximately 2,800 feet from the main deep water shipping channel, so a jetty from the island to deep water can certainly be realized if needed. There is deep enough water for boats with a draft of 5 feet or less to dock, with little if any dredging needed to clear a channel to dock. Smaller boats can run right up to its shores. Its eastern edge is situated only 1.5 miles from the second largest living barrier reef in the world, offering snorkeling, diving, sport fishing and the freshest seafood smorgasbord to satisfy the most discerning palate. The deep-water channel break in the reef is only a mere 2.8 miles and into blue water for deep sea fishing or diving along the edge of the continental shelf. Water Caye has had extensive development planning permission granted (now lapsed) in years gone by which included the preparing of building lots including hotels, villas, deep water marina and even an air strip. Subject to renewal of permits which have expired or the grant of new permits where applicable, the new owner can be off to a running start and can continue expanding as the need determines. This property offers endless opportunities including resorts, and subdivision into building lots residential or commercial. One could even maintain its natural state and reap blue carbon credits. The possibilities are limited only to one’s imagination and objectives. Property details provided by seller or others; buyer to verify.
$100,000 bidder deopsit required
Current Mortgage Debt: Circa $4.35M. All serious offers considered.
Buyer's Premium subject to VAT
Concierge may also, in its discretion, offer additional incentives to one or more pre-auction bidders, including but not limited to guarantees and purchase terms that differ from the Purchase and Sale Contract.
Total
500± acres
This offering does not include the 9.935 acres with the buildings thereon
Outdoor Features
Coconut palms; Surrounding waters ideal for sport fishing, deep sea diving, snorkeling, and boat excursions; Mangroves and abundant wildlife
Location
10 miles from Belize City; Adjacent to a deep water channel; 20-minute boat ride to the mainland and Sir Barry Bowen Municipal Airport; 1.5 miles from the barrier reef; 40 minutes to Philip SW Goldson International Airport
Disclosure
Property details provided by seller or others; buyer to verify.
Buyer's Premium
12%
Buyer shall pay to Concierge a “Buyer's Premium” in addition to the Purchase Price for the Property. The Buyer's Premium is not a real estate commission; it is the fee that Concierge charges to bidders for bringing the Property to auction.
Co-Broker Compensation
2%
Compensation will be paid to any properly registered Broker whose client is the successful Buyer at the Auction and whose client completes the purchase of the Property pursuant to Concierge Auctions' Bidder Terms and Conditions.
Water Caye, Water Caye, Belize City Area 00000, Belize
Concierge Auctions, LLC, (“Concierge Auctions”) is an auctioneer. Concierge Auctions’ principal address is 228 Park Avenue South, Suite 70835, New York, NY 10003, and its phone number is (212) 202-2940. If required, Concierge Auctions (or its representative) is registered, licensed and/or bonded in the U.S. state where the property to be auctioned is located. This property is listed for sale by Emerald Futures Real Estate, Broker, John Estephan (“Listing Agent”). Concierge Auctions (in certain jurisdictions) and certain Concierge Auctions subsidiaries, employees, and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, however, neither Concierge Auctions nor its agents, employees, and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge Auctions, the Listing Agent, the seller of the property and their respective agents, employees, and affiliates do not represent, warrant, or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements, and materials. This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Concierge Auctions bidder terms and conditions.
