Price reduced from $710,000 US to $640,000 US. Seller says to bring a cash offer, and let’s make a deal!!
Family Cottage Features:
1,246 sq ft
Master bedroom suite: 1 king bed
Second bedroom: 1 king bed
Third bedroom: 2 twin bunk beds
En suite master bathroom: deep-soaking bathtub + shower
Second bathroom: outdoor style open-air shower, accessible from the second and third bedroom as well as from the main living space
Modern kitchen with full-sized appliances including dishwasher, coffee maker, cookware, dishes, glassware, utensils
16′ vaulted open beam ceilings
Each Garden Cottage Features:
392 sq ft
Bedroom: 1 king bed
Bathroom: spacious outdoor-style shower
Small table and sitting area
14′ vaulted open beam ceilings
Covered entry porch
Enjoy your own family-compound within Ambergris Caye’s most popular resort community – Mahogany Bay Resort and Beach Club, CURIO Collection by Hilton. All the resort amenities you could ask for, with your own private residence, and guest suites included. The Family Cottage lot comprises a main cottage of 3-bedrooms/2-baths, with two (2) additional detached Guest Cottages each with king-size bed. You have the flexibility of enjoying anywhere from 1-5 bedrooms at once, while obtaining rental income from hotel operations when not in use.
You can stay the winter in your Family Cottage, while deriving rental income from each of the guest cottages, or stay in a guest cottage, while the resort rents out the Family Cottage and other Guest Cottage. The choice is entirely yours! And if you’re hosting a family reunion, or large family gathering, you can utilize your entire property and have 5-bedrooms/4-bathrooms for everyone.
Owning this Family Cottage lot gives you both unlimited personal use and enjoyment (lifestyle investment), as well as access to passive income from the turn-key hotel rental operation (financial investment). Mahogany Bay Resort has the highest market share of any hotel property on Ambergris Caye. And while the resort, and all of Belize, is still recovering from the impact of COVID restrictions on travel and tourism, the Q1 2022 figures are in, and Lot 331 had a net income of $7,154 US for Q1!
We are offering a once-in-a-lifetime opportunity to own an impossible to come by property, fully-built, fully-furnished, income producing, and ready for you and your family to move in!
This elegant single-family home sits on a palm tree lined street in the highly desirable gated community of Mahogany Bay Village, and is part of Mahogany Bay Resort and beach Club. Mahogany bay Village is also home to home to the prestigious Island Academy elementary school, as well as several highly acclaimed restaurants and bars.
A tree-lined entrance, gravel pathway, and thoughtfully landscaped grounds invite you into the front yard that hosts the two garden cottages with a pathway leading to the main house. Upon entrance to the Family Cottage, you are warmly greeted by native hardwood floors, and a bright and open floor plan seamlessly connecting the kitchen to the living room and leading to the inviting, sunny backyard and boating canal. Meticulous attention to detail is presented in the kitchen with newly polished hardwood countertops, Mahogany cabinets, and brand-name appliances.
On either side of the living area are the bedrooms. On one side, the oversized master bedroom with king-size bed and its own en suite bathroom. On the other side, is the king-size 2nd bedroom as well as neighboring bunk room with two twin bunk beds. All bedrooms offer ample sunlight and spectacular views of the lush tropical landscaping.
At the front of the property, you’ll find the two Garden Cottages that provide an additional king-size bedroom and bathroom each which creates housing flexibility if you are a large family and/or looking for supplemental rental income.
This Family Cottage parcel, Lot 331, has an excellent location, particularly for anyone who would be contemplating it for their personal residence. (From a hotel standpoint, all Family Cottages are equal, as there is a rental rotation schedule and location is irrelevant.). But as far as personal usage, or serving as someone’s personal residence, there are likely preferences as to site location. Lot 331 is adjacent to a park area (a double lot measuring 100’ x 75’, with lush green grass. Lot 331 is also directly across from another park area across the canal on Street 2, also measuring 100’ x 75’. So the view across the canal is of a green space, rather than two-story structures, and the park area next door makes for an extra-large side-yard, so to speak. There is no other Family Cottage lot that enjoys these two benefits!
The Family Cottage features 3-bedrooms, 2-bathrooms, full kitchen, and back deck with lounge furniture and hammocks, overlooking the boating canal. The spacious indoor/outdoor living areas make this unit perfect for a family or two couples. All Family Cottages include WiFi, air-conditioning, ceiling fans, flat-screen TV, safe, luxury bedding, and in-unit washer/dryer
The Garden Cottages are two masterfully-built one-room cottages perfect for an individual or couple. Enjoy your breakfast coffee or evening cocktail on the entry porch or relax in the sitting area with a table. All Garden Cottages include WiFi, air-conditioning, ceiling fan, flat-screen TV, safe, luxury bedding, and under-counter refrigerator.
The question isn’t whether this is a slam dunk investment, it is how long will this opportunity remain? There is very little inventory left in Mahogany Bay for land parcels alone, and with construction time for new builds being pushed out to over a year at this current point the demand has risen for fully-finished homes. We do not anticipate this property to remain on the market for long so please inquire at your earliest convenience and don’t miss out on this once-in-a-lifetime opportunity to own your own personal family-compound in paradise.
**WILL CONSIDER SELLER FINANCING UPON REQUEST**