Posted: Tuesday, October 24, 2023. 10:48 am CST.
By Horace Palacio: Water Caye Island, a breathtaking 500-acre parcel, is set to be the highlight of a digital auction this month, promising buyers a chance to own one of Belize’s largest privately-held islands in the country’s most unique land opportunity. Initially listed at $12.5 million, the auction is currently underway and led by Concierge Auctions, with an end date of October 30th. The auction comes with a “Reserve” feature, ensuring the property sells at or above a set price.
Merely 10 miles from Belize City, Water Caye provides the perfect balance of isolation and convenience. The eastern flank of the island is a mere 1.5 miles away from the world’s second-largest living barrier reef, making it a haven for marine enthusiasts with unmatched snorkeling, diving, and fishing opportunities right at its doorstep.
Furthermore, the island’s southern boundary sits only 2,800 feet from the primary deepwater shipping channel in the region, ensuring easy access for larger vessels. The island is primed for docking boats with a draft of up to 5 feet, requiring minimal dredging.
For prospective buyers looking to develop, Water Caye comes with a history of extensive development permissions, which, although currently lapsed, have in the past approved the construction of amenities like hotels, villas, a deepwater marina, and even an airstrip. The close proximity to Belize City offers added convenience for sourcing construction materials, food supplies, and other essentials, as well as the easy transportation of workers or guests.
The island presents boundless possibilities for development, from luxury resorts to commercial and residential subdivisions. Conservation-minded buyers might even consider preserving the island in its natural state for blue carbon credits.
However, potential buyers should note the need for permit renewals or securing new ones where necessary.
Water Caye isn’t just a property; it’s an opportunity. An opportunity to imagine, develop, and bring to life the true potential of one of Belize’s rarest gems.
For more detailed property information, interested parties are directed to Concierge Auctions.
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