doubt, the Toledo boom is in full gear. In fact, the first Toledo
District real estate agent of record was Century 21's agent Mario
Chavarria who also works as Administrator with the Punta Gorda
Town Council. Mario has been marketing Toledo properties for several
years. And as of November 2004, two new real estate offices have
now opened along Front Street in Punta Gorda and 'for sale' signs
continue to pop up from Barranco to Columbia to Jacintoville.
Edwards, owner and operator of Tropical Mayan Real Estate opened
the first office along the seashore during the summer of 2004
and now has signs posted from the outskirts of Belize City to
Independence Village to PG.
the Internet, SouthernBelizeRealEstate.com
represents only Toledo District properties. They offer their
service, a unique 'for sale by owner' website. For around BZ$400.00
property owners can post descriptive text and digital photographs
until their property is sold. They will either forward leads
generated by the site to the property owners, or they allow
the owners to post their own e-address and telephone number
to receive the leads directly.
surveyed many of the agencies and property marketers offering
Toledo properties for this article. Our research reflects that
for years many of the locals in and around Punta Gorda, the
capital of the district, acquired lands from other residents
who had leased properties. Because of the depressed economy,
many of these individuals were able to buy the leased lands
for drastically reduced prices versus the current market value.
They then presented surveys to the land office in Belmopan.
The land office in turn sets prices in which the lease holders
can purchase the tracts which made their holdings real 'titled'
many of these same individuals turn to the real estate agents
like Gilbert with Tropical Mayan Real Estate or veteran agent
Mario of Century 21 or to the services offered by www.SouthernBelizeRealEstate.com
to manage the marketing and sales aspect of their real property.
survey also found that a potential buyer can purchase two acres
ocean front in Punta Gorda in 2004 for US$ 180,000.00, while
a twenty (20) acre tract of land can be purchased just outside
San Pedro Columbia village for US$ 22,000.00. A 200 acre tract
located along the Moho River was available for US$ 150,000.00
or about US$ 750.00 per acre.
BELIZEmagazine.com team found on the Internet an oceanfront
tourist hotel in Punta Gorda that is currently being marketed
for sale for over one million US dollars. Compared to what you
will find in the same price range on Ambergris or Caulker or
Placencia, even that hotel is a bargain.
should be noted that closing cost and agency representative
commission fees as well as legal council will add an additional
8 to 12.5 percent to the price per acre, depending upon who
you work with and how the transaction is structured.
end result, both Belizeans as well as ex-patriots from the United
States to Canada to Europe are now able to buy outright titled
lands for a fraction of the cost of property in the more developed
parts of Belize. Indeed, the Toledo land boom is on and if the
values of owning your piece of paradise in the beach communities
like Placencia or the island towns like San Pedro are any indication,
you best start your land search sooner than later.