Address: Savannah Caye
City: West of Ambergris Caye
Neighborhood: 11 Miles West of Ambergris Caye
Reference Number: rib503
Full Description: Own your own private 25 acre island within view of Ambergris Caye and Blackadore Caye. Savannah Caye is only 11 miles west of Ambergris Caye, and at 20-25 minutes by boat, it is the largest undeveloped private island for sale in close proximity to Ambergris Caye.
It is surrounded by gin-clear waters known for world-class (Bonefish) flats fishing. There is a government approved development plan for an internal marina and lot subdivision with approvals.
With over 3,500' of beach frontage, this island is a perfect setting for a boutique resort property, an eco-resort, corporate retreat, or a secluded island estate. There is plenty of room to lay out the internal marina and subdivide the lots as proposed, or develop the island in its entirety. Savannah Caye will require fill for development, hence the benefits of the internal marina. However, it has been priced accordingly, and there is significant upside in values once the land has been filled and prepped for finished product. Private islands west of Ambergris Caye have sold for as much as $300,000 to $750,000 per acre in recent years. By comparison, Savannah Caye offers huge return for the savvy developer, being offered at only $100,000 US per acre.
Recent changes in construction regulations now allow for over-water bungalow construction in Belize, so this island may be ideal for overwater private villas or suites. Please contact the listing agent for a copy of the Dept. of Environment Overwater Construction regulations. Private consultations can be arranged with listing agent at our local San Pedro office for all facets of real estate development.
Offered at $2.5 million USD for all 25 acres - private island.
Or, individual beach front lots are available starting at $125,000 to $180,000 US for lots that range from approx. 135' to 200' of beach frontage. Approx. $900 per beach foot.