In the height of a winter snap, buyers in the U.S. and Europe could be eyeing homes on the Caribbean islands with warm weather and scenic beauty. But a Caribbean home isn’t a refuge just for the winter or a second home for the summer. Anyone from anywhere with a dream of owning a tropical paradise can invest in a Caribbean property—especially in a country like Belize. Though English is the first language and property laws follow the same as most of North America, it’s still good to go in with some tips and suggestions from a local on budget, the buying process, location, and more. With Placencia Peninsula gaining just as much traction as Ambergris Caye, we’re taking a closer look at buying a condo with The Villas at Cocoplum in Southern Belize.
1. You’re Inheriting A Tight-Knit Community
Currently, the Villas at CocoPlum hosts 13 completed units on the Placencia Peninsula at Mile 17 and a half, just South of Maya Beach in Southern Belize. And although privacy is paramount with over 50% of the 224 acres as green space, owners already living in the existing units.
2. It’s Inside A Gated Community (With Hotel Amenities)
As a third of the gated master-planned community at Naia, the boutique 5-star Naia Resort & Spa also stands adjacent to the 110-home site of Naia Residences. Luckily, condo owners can take full advantage of Naia’s world-class floating spa, yoga studio, fitness center, and its two eateries, including 1981.
3. It’s Not Inside Placencia Village, But Just Outside It
Though the hub of activity in Placencia Village is a short 15-minute drive away from The Villas at CocoPlum, being outside the Placencia Village means wide open spaces to toy with. In fact, you’re not even able to spot the full development from the roadside. Discretion? Check.
4. There are 83 New Luxury Units on their way
If you’re looking for luxury property for sale in Placencia, it’s important to remember that these houses are defined by their extravagant features and not the price tag. While it may be nice to find a bargain Belizean property for sale, low costs don’t always lead to good deals. In fact, there may be a few reasons why a price that seems too good to be true may be just that.
Coupled with 500 feet of private beachfront access and a private 200-foot pier, the 11-acre Villas at CocoPlum will offer a total finished 100 units across a slew of villas, pricing 2-, 3-, and 4-bedroom units starting at $660,000 USD to $1.4 million USD for a penthouse. In the current phase, 4-bedroom and 3-bedroom units on the water’s edge are set to debut next.
5. There Are Limited Units
So besides deciding how you’ll finance the purchase, the fees payable to your attorney and real estate agent, and the associated costs you’ll incur, you’ll also need to decide on the type of condo. With 83 new units on their way, the time to call first dibs is now.