Unit B31 at Jaguar Reef Residences

Stunning Unit B31 for Sale at Jaguar Reef Residences – Your Tropical Paradise Awaits
Price at $469,000 USD

Unit Details:
- Third floor.
- Seaview
- 1450 sq. ft.
- 2 bedroom / 2 bathroom
- Private balcony w/ plunge pool
- All furniture and appliances included

Owners Club:
Condo owners will also become a part of the Owners Club, which gives owner’s the benefit of access to other resorts in The Belize Collection at a 20% discount on the best available rate along with a 10% discount on food, drinks, and tours.

Property/Rental Management:
Rental of the condominium units are available through our management company The Belize Collection. The onsite management is provided by Jaguar Reef. It is not possible to rent the units independently from our operation as we want to maintain consistency of our product offering in terms of product quality, packages offered, and pricing. Owners have the right to enter their units into the rental program or use the units for themselves, their friends, and family. There are no restrictions as to how many days an owner can use their unit and they can participate in the rental pool as much as they wish. Entering and leaving the rental pool is as easy as blocking off room nights with our reservations office. One stipulation is that any unblocked room nights that are booked need to be honored by the owners. We cannot kick booked guests or cancel existing reservations for the owner’s use.

Rental Split:
The management agreement has a split of room net room revenue 50% to the owner and 50% to the resort. The net revenue is net of third-party commissions.

Expected Income:
In the units first year of rental (2023, including Dec. 20th – 31st 2022), the owner’s net share of rental revenue was just under US$19,000. Includes over 80 days of owner usage.
In 2024 (Q1 & Q2), the owner’s net share of rental revenue has been just over US$18,000 so far. Includes 3 days of owner usage.

HOA Fees:
US$250 monthly HOA fee to cover common area costs around the condominium buildings such as exterior grounds/gardens, exterior maintenance like pathways on the condominium property, the condominium roof, and exterior painting of the buildings.

NEIGHBORHOOD/COMMUNITY DESCRIPTION

Hopkins is a small coastal village located in the Stann Creek District of Belize, in Central America. It is known for its picturesque beaches, vibrant Garifuna culture, and proximity to some of the country’s most beautiful natural attractions.

Here are some things to know about Hopkins:

Garifuna Culture: Hopkins is known as the "Garifuna Village of Belize," as it is home to a large population of Garifuna people, an Afro-Indigenous group with a rich cultural heritage. Visitors to Hopkins can experience traditional Garifuna music, dance, and food.Beaches and Water Activities: The village sits on the Caribbean Sea, offering stunning beaches and calm waters. It's a great spot for swimming, kayaking, and snorkeling. The nearby barrier reef, one of the longest in the world, is perfect for diving and exploring marine life.Nature and Wildlife: The area around Hopkins is lush and offers many opportunities for eco-tourism. Visitors can explore nearby nature reserves, such as the Cockscomb Basin Wildlife Sanctuary, known for its jaguar reserve, hiking trails, and birdwatching opportunities.Tourism: Hopkins has been growing in popularity as a tourism destination due to its natural beauty and laid-back atmosphere. It's an ideal base for exploring both the reef and inland attractions, like Mayan ruins and jungle tours.Local Food: The Garifuna community in Hopkins offers delicious traditional dishes, including hudut (a coconut milk-based fish and plantain stew) and bile (a spicy fish dish), which are a must-try for food lovers.

If you're considering visiting or learning more, let me know if you'd like recommendations for places to stay, things to do, or any other details!

Unit B31 at Jaguar Reef Residences CND#0007

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