Your Own Private 2BR Riverside Mountain Retreat in Cayo Cayo District

Contact us for pricing
SKU: H-347
Property type: House
Area (Sq Ft)
2475
Bedrooms
2
Bathrooms
2
Garages
2

Amenities

  • Air Conditioning
  • Built in wardrobes
  • Concierge
  • Creek
  • Electricity
  • Garage / Parking
  • Garden
  • gated community
  • Home Appliances
  • Laundry
  • Mountain views
  • Outdoor Shower
  • Pantry
  • Quiet Location
  • Restaurant
  • Riverfront
  • Security

Description

This spacious 2475 sqft 2BR villa is designed with 2) master suites connected via an open concept living, dining, and kitchen space that opens on both sides to allow the outdoors in.  Other thoughtful touches include a 2-Car garage with covered walkway access, a combination pantry and laundry room, and outdoor showers for each master bath.  Villas can be equipped with an optional pool at the buyers request.

Sleeping Giant Rainforest Estates:

Tucked away along the Sibun River Valley in the Maya Mountain foothills about 30 minutes below Belmopan on the Hummingbird Highway, you will find the beautiful and peaceful 10,000 acre Sleeping Giant Resort.   Within the resort, the Sleeping Giant Rainforest Estates has been developed to allow full time residents access to all of the scenic beauty of this locale.

Phase 1: 

Lots #’s 1-18, 56-113

Number of lots:

  • 16 Riverside lots that are immediately adjacent to¬†the¬†Sibun¬†River
  • 15 Creekside lots that back onto a smaller all year round creek and have¬†the¬†Sibun¬†Forest Reserve beyond¬†the¬†creek.
  • 16 Hillside Riverview lots run along a ridge overlooking¬†the¬†river valley and also back onto¬†the¬†same all year round creek, and
  • 26 Hilltop lots enjoy 360 degree views and a steady breeze.

Phase 2: 

Lot #‚Äôs 19 ‚Äď 53

The second phase of the development will continue down along the Sibun River. The second phase of lots will not be serviced until the completion of Phase 1 sales.

Lot Prices:

The lot is not included in the construction price, so each buyer will have an opportunity to select their own lot and corresponding view.

Lots range in price from US$49,128 for 0.46 acres to US$120,980 for 1.05 acres. There is a founders price discount we’re offering to the first set of buyers and it’s still available at this time.

Please see our listing L-266 for a map of lots.  Just email me with the lot numbers you have an interest in and I can let you know what the Founders Club discounted price will be and verify availability.  Financing is available for both lots and homes.

Home Construction:  

The Belize Collection is the exclusive builder for any house that will be part of the rental program. For owners who do not wish to participate in the rental program, they may choose another contractor if they wish. However I think they would find our pricing, quality and value to be equal or superior to other options they might find.

At this time, the general cost of building a home is ~$150 sq. ft.

It is possible to purchase two lots and¬†build on one of¬†them only.¬†If a purchaser wishes to build in¬†the¬†middle of¬†the¬†two lots, or across¬†the¬†side yard setbacks,¬†then¬†they would need to go back to¬†the¬†Lands department and apply to combine¬†the¬†two lots into one lot.¬†This is a very easy process and one which we could do on¬†the¬†buyer’s behalf.

There is no specified date for construction to begin when purchasing an estate lot.

Owners Club:

Buyers will become a part¬†of¬†the¬†Owners¬†Club, which gives owner’s¬†the¬†benefit of access to other resorts in¬†The¬†Belize Collection at a 20% discount on¬†the¬†best available rate along with a 10% discount on food, drinks, and tours.

Property/Rental Management and Rental Split 

Owners can rent through our resort website and management services or they could rent independently using websites like VRBO, Flipkey and AirBnB. 

We offer property management services for owners who are interested in renting their property. We would do a 70/30 split with the home owner if we manage the property and sell it on our website.

An occupancy of around 40% is expected, but expected occupancy could vary significantly depending on the house quality and amenities. The average nightly rate will also vary depending on the size and quality of a home as well as amenities such as a swimming pool. 

Expected Income:  

With a 1500 sq. ft. two bedroom home you can expect a US$250 per night rate. With this nightly rate, the gross owner proceeds are likely US$24,000 less costs like utilities, insurance and some maintenance.   A net return of ~US$15,000 a year. As I had mentioned, this can vary depending on the type of home you renting.

 Financing: 

 Financing is available for the lots at 6% interest for 5 year and 15 year amortization, with a deposit of US$10,000. Balloon payment due after 5 years.

There is financing available up to 50% of the purchase price of the home, at 6% interest for 5 years and 15 year amortization

HOA Fees: 

There is a monthly HOA fee of US$75.00 a month per lot which goes towards the maintenance of the pool, clubhouse and security, and general roadside maintenance.

 

Video tour

Contact the Agent

Jimmy Padilla

Agent
Jimmy Padilla is a native of Santa Cruz, Belize and now lives on the Placencia Peninsula –¬† one of the best places to live and work in Belize. Jimmy is thrilled to be a part of the¬† Remax VIP family after working at Atlantic Bank and now uses his investment knowledge and experience to help his clients maximize their return on investment through real estate.¬† ¬†Real estate is now his¬† passion and he prides himself in offering exceptional service and attention to detail while developing long-term, loyal relationships with his clients. It is easy to see why past clients¬† always recommend Jimmy to anyone buying or selling properties. Jimmy is thrilled to be part of the Remax VIP family.