Family Cottage + (2) Garden Cottage Lot at Mahogany Bay Resort & Beach Club, Ambergris Caye, Belize

For Sale

$615,000 USD
$615,000 USD
  • 5 Beds
  • 4 Baths
  • 2,030 Sqft
  • 0.086 ac Lot Size
  • Residential
Open House
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Property Summary for Family Cottage + (2) Garden Cottage Lot at Mahogany Bay Resort & Beach Club

Type
Residential
Style
Single Story
Lot Size
0.086 Ac
Lot info
50.00ft x 75.00ft
Neighborhood
San Pedro

Description for Family Cottage + (2) Garden Cottage Lot at Mahogany Bay Resort & Beach Club

**Price reduced from $710,000 US to $640,000 US. Seller says to bring a cash offer, and let's make a deal!!**\r\rEnjoy 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. \r\rThe 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.\r\rYou 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. \r\rOwning 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! \r\rWe 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!\r\rThis 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. \r\rA 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. \r\rOn 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.\r\rAt 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. \rThis 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! \r\rThe 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.\r\rThe 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.\r\rThe 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.\r\rFamily Cottage Features:\r• 1,246 sq ft\r• Master bedroom suite: 1 king bed\r• Second bedroom: 1 king bed\r• Third bedroom: 2 twin bunk beds\r• En suite master bathroom: deep-soaking bathtub + shower\r• Second bathroom: outdoor style open-air shower, accessible from the second and third bedroom as well as from the main living space\r• Modern kitchen with full-sized appliances including dishwasher, coffee maker, cookware, dishes, glassware, utensils\r• 16' vaulted open beam ceilings\r• In-unit washer/dryer\r\rEach Garden Cottage Features:\r• 392 sq ft\r• Bedroom: 1 king bed\r• Bathroom: spacious outdoor-style shower\r• Small table and sitting area\r• 14' vaulted open beam ceilings\r• Covered entry porch\r\r\r***Motivated Seller Bring Cash Offers!!***
Find out more about this property. Request details here

Features for Family Cottage + (2) Garden Cottage Lot at Mahogany Bay Resort & Beach Club

Lot Features
  • Gated Community
  • Clubhouse
  • Landscaped
  • Trees / Shrubs
  • Front Porch
  • Deck
Exterior Finish
  • Wood
  • Frame
  • Aluminum
Appliances
  • Single Wall Oven
  • Oven Range
  • Dishwasher
  • Dryer
  • Washer
  • Stove
  • Refrigerator
View
  • Canal
  • Water View
Roof
  • Metal
Cooling
  • Window / Wall Unit
Sewer Water
  • Public
Interior Features
  • Guest Quarters
  • Laundry Room
  • Hardwood Floors
  • Ceiling Fan
  • Vaulted Ceiling
Extra Features
  • Reserved Parking
  • Fitness Center
  • Furnished
  • Dock Available
  • Pets Allowed
  • Security Guard on Duty
  • High Speed Internet Available
  • Cable Available
  • Balcony
Listing provided by Point2 Agent

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John Turley
John Turley

RE/MAX Real Estate Group

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