Caribbean sea beach with 10.47 acreas or 654 feet of White Sandy beach frontage that can be divided into 5 x 2 acreas lots or 40 residential house lots
VALUATION OF 10.47 ACRES OF LAND SITUATED ALONG THE CARIBBEAN SEA, SARTENEJA TOWN, COROZAL DISTRICT.
OWNER: MR. RAFAEL P. CHAVEZ.
VALUATION DATE: 10TH OCTOBER 2014
Re: 10.47 acres of land situated along the Sea Coast at Sarteneja Coast, Corozal District.
The subject property is described as all that lot, parcel or piece of land 10.47 acres, being parcel #1464 situated along the Sea Coast at Sarteneja Area, and Corozal District. The freehold property of Rafael P. Chavez by virtue of certificate of title dated 8th November 2007.
LOCATION OF PROPERTY
This property is situated only 7 miles Southeast of Sarteneja Town and it is on the coastal beach fronts of the Caribbean Sea only 4 miles from Shipstern Maya ruins and 5 miles from Shipstern lagoon both touristical destinations. Geographically, its position is fixed within the Northwest quadrant of universal grid coordinates 2018218 North meters and 3839143 East meters.
The property runs parallel to the rear of San Pedro Ambergris Caye Island a distance of only 16 miles apart and 7 miles from the village of Sarteneja. The property is 19 miles from Chetumal Quintana Roo, Mexico and 15 miles from Corozal Town which borders Chetumal, Mexico.
POTENTIAL LAND USE AND DEVELOPMENT
The property has a beautiful front beach with 654ft of frontage along the sandy beach on the Caribbean Sea. It impacts the sea coast conveniently which captures a wide view of the Caribbean Sea from many vantages points.
The property has a white sandy beach ideal for recreation, camping and retreat or upon subdivision into lots it would be likewise ideal for hotel resorts, residence or a retirement community.
At optimum value the 10.47 acres of beach sand has the potential to be subdivided into 5 lots measuring x 2 acres plots which can be sold for US $200,000.00 each lot, as well, the subject property could be divided into smaller lots of residential sizes. It has a total value of US $1,000,000.00 for 5 big lots if you subdivide into lots of 2 acres each.
This property has a beautiful private beach front location with no mangroves requiring no land fill and offering itself as a good fishing and swimming grounds. The maximum depth or vertical distance between the waterline and the bottom of the sea for navigating to this property is 14 ft. and it’s a distance of 30ft from the beach, reducing its depth to reach the shallow white sandy seashell sea front.
The beautifully tortoise salt water of the Caribbean Sea and the Caribbean breeze with its privacy make this property especially appealing with access to three municipal airstrips which has daily flights from Belize City, San Pedro Town, Sarteneja Town and Corozal Town, with return daily flights. There are other community developments and roads not far from the property in the community. The property is also accessible by boat to and from Chetumal, Quintana Roo, Mexico which is only 19 miles away from this beautiful coast land which sits on the coast of Sarteneja Town in the Northern part of the country of Belize on the Caribbean Sea.
This property has the potential of building a tourist resort with Cabanas or you can construct a fancy private Hotel or a private resort all fit for a great private getaway from the fully developed crowded touristical island, SAN PEDRO TOWN, internationally known as “La Isla Bonita of San Pedro” which is just 16 miles straight across by boat from this property on the same beautiful blue Caribbean Sea.
The growing tourism activity and vast developments in this area has made the demand of beach front properties to rise tremendously. Consequently, land values in this area has increased drastically. This property is attractive, desirous and marketable and would be suitable for a small resort or for subdivision of lots for residential private lots. This property enjoys a very envious quiet long beach measuring 654 feet long of sandy white beach frontage as shown on the attached sketch plan.
The subject property has a potential estimated value of about one million US dollars (US$1,000,000.00) for this 10.47 acres beach front upon subdivision into 5 lots of 2 acre each with beach front plots.
The subject property 10.47 acres can further be subdivided into 40 residential house lots measuring each 80ft x 135ft. Each 2 acre lots can give 8 smaller residential lots sizes 80ft x 135ft all having their beach frontage view from the individual subdivided residential house lots.
The land is levelled with a sandy beach on a highland without any mangroves. It is very marketable because of its very attractive site in the Caribbean Sea.
Based on sales evidence of beach front lands and on the foregoing, I am of the opinion this land 10.47 acres can be easily be sold BY MR. RAFAEL CHAVEZ AS PUBLISHED at a quick bulk package value for US $700,000.00.(30% discount) - NOW ASKING US $300,000.00
Patrick B. Sebastian
BSc. ENG University of New Brunswick, Canada
Land Consultant/Licensed Land Surveyor/Appraiser
Joseito Layout Corozal Town, Belize
Telephone # 00501 602 4242