Beach Front 5 Bedroom Fractional Vacation Home - With Pool

Asking Price: $125,000 USD (Financing Available)
Rent It For: $3,500 - $7,500 USD per month

Villa "Groovy Gecko" is a beautiful all custom 5 bedroom, beach front, 100% concrete construction singe family home located in safe a neighborhood in Belize's fastest growing tourism area.

For sale is a 1/10 ownership interest in this amazing waterfront estate. This is the perfect investment opportunity for someone looking for an upscale first class, large waterfront 2nd home that wants a place to truely call their own but does not want the expense and full time headach to maintain. Owners have the flexibility to use and enjoy their allocated weeks or elect to rent some or all of their weeks as well as use open weeks on calendar for last minute use at no cost. The home is located next door to Villa Tipsy Gecko which over the past 2 years has a very established and proven rental history and excellent reviews from previous guests on all the large vacation home rental web sites such as VRBO (see listing # 286157).

The home is an Antigua inspired high end beach home. The home consists of a large open air covered courtyard that extends from the front door to the back of the house, creating an amazing open relaxing atmosphere when you walk in the front door of the home. The courtyard will feature a large fountain under the stairs, lush landscaping and orchids and a complete outdoor kitchen and bar area overlooking pool and ocean. Three private suites each with its own large bath, laundry room and garage complete the downstairs.

Upstairs you will find a huge master suite and amazing bath with two private covered balconies, a large open concept living, dining and kitchen with off large covered balcony all overlooking pool and the ocean. A private large 5th bedroom and bath completes the 2nd floor.

A large custom fresh water pool with infinity edge waterfall and swim up bar as per the attached pool rendering will be constructed on beach in the rear of the home.

The home when completed, in May 2014, will be fully furnished with local high end custom hard wood furniture both inside and out and set up for a turn the key relaxing time for its owners. Owners lockers will provided for each owner in the garage for storage of any personal items like dive gear, fishing gear, clothes or other personal items when owners are not using the property.

The home will share onsite staff with Villa Tipsy Gecko next door, thus reducing operating costs for both properties yet providing the at-most in service and security to both properties owners and guests.

The home will also feature solar assisted high efficient a/c systems, low e windows, LED lighting and the latest energy efficient water heating system all designed to reduce annual electricity costs.

Placencia has some of the best beaches in Belize and is set for rapid tourism and growth. Placencia is also know for its world class saltwater fly fishing both off shore in the flats and the lagoon that is directly across the street from the home. When going fishing your local guide can pick you up at the house on the beach side pier to go to the coral flats or in back on the lagoon dock to chase Snook or Tarpon in the mangrove lined creeks and lagoon. Placencia is also ideally located to explore and enjoy the unique jungle and inland features of Belize such as Mayan Ruins, cave tubing, water falls, hiking, zip lines, etc.

Owners usage is governed by a very well drafted usage agreement that assigns weeks of usage on a rotating annual basis that has been proven to work very . Owners have the flexibility to use the 5 weeks they select or rent them out via the homes rental web sites. To date (and for 2014) all owners in Tipsy Gecko have at least been able to pick the first two weeks of their usage without any conflicts, etc with other owners. I would expect that to continue in the future as current owner usage is limited and spread out through the entire year. What we do not want is a timeshare sort of system with high management fees and expenses. Home has full time care taker that lives on site that performes all maintenance on property, and is full time concerige when owners or guest are at home.

There are NO MANAGEMENT FEES and expenses are simply what it cost to provide basic utilities, hurricane and casualty insurance and to maintain the property, and vehicle to a high level that all owners would expect and demand.

Current Tipsy Gecko booked rental income well exceeds all expenses to operate the home and maintain at a first class level, thus making for a positive cash flow investment that owners can use for free. Groovy Gecko is being set up to do exactly the same thing, taking what is working very well now and making small changes to Groovy Gecko like 5th bedroom, lower operating costs and unique high end finish out and design.

The entire 25 mile road from the Placencia Village to the Western Highway was 100% completed in July 2010 the paving of the road will forever change the entire peninsula and certainly fuel a continued appreciation in property values and tourism in Placencia.

Home also comes with a Toyota van, Club Car gas golf cart, kayaks and bicycles. Owners will also have use to the large 150' ocean pier with covered palapa and lagoon lot located next door at Tipsy Gecko.

Underlying value of home and proven return from rental income makes this a very solid investment that can be used and enjoyed by owners. Seller also builds homes in area and if down the road a buyer decides they want to live full time in Placencia or have a 100% owned vacation home, Seller will take share of home in on trade for the construction of a new home. This unique offer allows an owner in the home to get to really get to know and enjoy Belize now while making a nice return on their investment to be used towards the purchase of a full time residence in the future.

Owners also have access to pool and other ammenities of the upscale large private resort just 1 mile from home.

The home is scheduled to be completed in May 2014 and a pre-construction discount is available for a limited time.