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| Our Listings : Beach Front Condos |
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MLS # 45632 Beach Front Condos (US$199,500. Firm - THIS PROPERTY HAS BEEN SOLD) San Pedro, Ambergris Caye, SOLD! The two condominiums are located in San Pedro Ambergris Caye. The condo development is limited to 24 Spanish-style villas, each with two units, grouped around the freshwater pool and facing the ocean. Located on the north end of town, and you can walk to everything in 5-10 minutes. There are several dive shops within a couple of hundred feet in either direction, and the closest (delicious) restaurant is also within 200 feet. All condos are privately owned condominiums, with a Homeowners Association and CCR’s to protect the residents. Unlike most of the other condo developments on Ambergris Caye, condo owners are free to rent their units as they wish, and are not tied to a "captive management" scheme. You can rent both units, live in one and rent the other, live there part of the time and rent the rest of the time, or even live there full time. This is unusual on Ambergris Caye; where most condo developments require owners who wish to participate in the tourism market to rent only through a developer-run “management pool,” sometimes at exorbitant commissions, which results in the developer getting most of the money. In contrast, owners are free to rent their units at whatever rates they determine are appropriate, and hire anyone they wish to manage their units. As a owner, your rental income is limited only by your own creativity and willingness to spend time marketing. A proven rental business at an attractive price… These condos have a proven track record of rentals. They consistently gross $30-35,000 per year in rental income based solely on Internet advertising. This income could be easily increased by 50% or more, with print/brochure advertising or by paying travel agent commissions. Includes an excellent manager who handles guests, supervises the maintenance, keeps the books, and takes care of the maid service. There are many condos on the market but most are miles far from town and only have boat access. These condos are secluded right at the northern edge of the town so you can walk, bike or golf-cart your way downtown anytime you want! Owners are selling since they have decided to retire for family reasons.
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