Fisherman's Caye (Private Island) - Belize

FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,000,000
Last Verified:
May 31, 2022

Fisherman's Caye is a ± 42-Acre private island with ± 15 acres of developable land. As the largest island between Palencia and Hopkins, this island could be developed as a resort or private residence. Fisherman's has previously received government approval for the construction of a 35-unit nature-based resort. Fisherman's Caye is close to being construction-ready, but some work will need to be done on the land before construction can begin. Several neighboring islands have been developed with resorts and private residences. Fisherman's Caye is within the Southwater Caye Marine Reserve, which is designated by UNESCO for its unique and diverse marine ecosystem. This Island is surrounded by an abundance of healthy coral reefs, offering world-class scuba diving, fishing, kayaking, sailing, and unrivaled aqua blue scenery and wildlife. The reef connects Fisherman's Caye to the neighboring islands. The island itself is a sand/mangrove drift that has been partially cleared. Shallow coral reefs (3 to 15 feet deep) make up the east and south sides. Water visibility is excellent and there is no significant current, turning snorkeling around the island into a very memorable experience. The wide variety of wildlife and the combination of mangrove roots with coral reef systems makes this a rare opportunity to purchase such a large island in this unique environment.

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.