1BR House with Pool in The Banks, Cayo Resort, Belize
Available on request5 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
- Year built
- 2024
- Type
- House
- Land
- 4,499 ft²
What this listing includes
- Private pool
- Air conditioning
- Kitchen
- Mountain view
- Restaurant or bar
- On-site security
The reason to consider it.
This 1BR house with a pool and full kitchen offers a perfect opportunity to benefit from resort-driven rental revenue while enjoying unlimited personal use.
The Banks
This subdivision within Sleeping Giant Rainforest Estates features lots designed for seamless indoor/outdoor living, complemented by beautiful landscaping and private courtyards with plunge pools. The community will consist of 24 homes, all qualifying for inclusion in the Sleeping Giant Resort rental program. The development also includes a common area with a lobby, concierge, restaurant/bar, swimming pool, and river access.
Construction
Construction has commenced on the amenities, including the river deck, dining area, and bar, followed by the pool and lobby. The residential units will begin construction after the amenities are complete. The total construction time for the project is estimated to be 18 months.
Property/Rental Management
Units can be rented through The Belize Collection management company, with onsite management provided by Sleeping Giant Rainforest Lodge. Independent rental is not permitted to ensure consistent product quality, packages, and pricing. Owners can opt into the rental program or use their units for personal use without restrictions on the number of days. Participation in the rental pool is flexible, with the stipulation that booked guest reservations must be honored.
Rental Split
The management agreement allocates 70% of net room revenue to the owner and 30% to the resort, after sales commissions.
Expected Income
Based on historical data from The Belize Collection hotels and similar room styles at Sleeping Giant, the projected Return on Investment (ROI) at stabilization is expected to be 11-12%. Proformas for the home styles are available upon request.
Financing
Financing options are available for up to 40% of the purchase price, with a 7% annual interest rate on a 15-year amortization over a 3-year term.
HOA Fees
A monthly HOA fee of US$200 covers common area expenses, including groundskeeping, exterior maintenance of pathways, roofs, and building painting.