Like everywhere, the Bay Islands real estate market has suffered through 2020, the year of COVID. That being said the internet communications, virtual tours, and inquiries has kept us fairly busy.
The single family homes for sale are low in inventory. The islands had considerable growth in 2017, ’18, and 2019. At this point in time there is a ‘buildup’ of sorts of Buyers, most of which are very anxious to obtain a vaccine and head down to the islands.
We are expecting that the faster the vaccine spreads, the faster the buyers & visitors will return in full force, though they have already started.
The below ‘Home’ choices are a fair representation of the market with homes starting at $199K.
If you cannot find what you are looking for in a home?
Check out an alternative below 🙂
-This months “HOME” Picks –
Residential Area Island Home – Good Value (non tourism area/new photos)
Two Homes – Live in one/Rent the other? Bargain Price!
Home in a Quiet Residential Ex-Pat Community Three BR / Two Baths – Great views
Quiet Area/ Off the Grid Home -Want to Get Away? This may be the answer for you
Walk to the Famous West Bay Beach! Three BR/ 2 BA
-Homes Over $500K
Turn-key oceanfront with four condos/suites. This four level home can accommodate up to 10 people…….
Stunning Caribbean Waterfront Estate Home in Caribe Point. This spectacular waterfront estate has everything that Caribbean dreams are made of. Featuring 5 BR, 6 BA with 5 balconies for enjoying amazing sea views!
RELAX & REJUVENATE in this gorgeous beachfront home! This tranquil offering would make the perfect family compound or primary residence with extra space for rentals and or maybe that beautiful, tropical, boutique B & B………
A majestic 4 bedroom villa in spectacular beachfront location! ………
Coral Vista #5 is the most private of the Coral Vista homes. Featuring a premier location. This is widely known as an excellent rental villa located on the point of world famous Half Moon Bay
Living the dream is what you will experience with this gorgeous home that sits on the perfect homesite location………….
Casa de Las Flores, your Caribbean dream estate can become a reality. A magnificent custom-built home, surrounded by 1.3 acres of beautifully landscaped gardens, with breathtaking views
Historically when the island first guaranteed foreigners rights to own property, (1991), there was very little for homes or condos for sale and land was fairly inexpensive.
People who bought lots often built homes on them. As the market progressed some developers showed up and built on the plentiful and inexpensive land.
Right now, there is an overabundance of homesites available and once again more people are finding that they can find their piece of paradise buying a great homesite, (some do it with an IRA), then when more funds are available or retirement gets closer, they build it out. There are homesites out there at all price levels.
The this link will get you to homesites that are represent a wide range of price points. These are just a sampling and you can do searches on your own on both of our MLS databases.
These are the links for the two MLS data bases-
Condos are a nice way to go for a new island home, especially if you are not going to be here full-time. I often say ‘here is not there’ to people in that it is very appropriate in many cases. Many of the properties on either of the MLS data bases can be listed as condos, but they also may be condos in a resort, managed by the resort/hotel.
They are a great option for those that wish their very own vacation spot and in many instances the income can offset the holding expenses you have each year and enough left over to have a trip or two to the island. Each condo complex is different and there certainly are several to choose from. If you wish not being concerned with exterior repair and maintenance while wanting a great place to call your own condos may be the best choice.
Click HERE and it will take you to some of those options.
There are again far more choices, but I wished to provide a wide price range for you to evaluate. The MLS links above will allow you to search all that are available.
Stay updated on all of the current listings and price reductions. Our VIP Club will give you a first-hand look at all of new listings, price reductions and hot deals.
These we try to get out a couple of times a month with new listings and price reductions, but they are sent out as activity on the market happens, not as the calendar dictates. To sign up click HERE
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