Belize Island on Market for $700,000, Undercutting London Property Prices
Treasure Caye, a 4.878-acre private island, is listed for sale, offering a potential development opportunity in the Caribbean.
A private island in Belize, named Treasure Caye, is currently on the market for $700,000 (£527,940), a price point lower than the average terraced house in London. The island spans 4.878 acres and is situated nine miles east of Dangriga Town.
Prospective buyers could develop the island into a private estate, multiple overwater bungalows, or a commercial resort. It offers opportunities for water activities such as snorkeling and fly fishing. The island features sandy beaches and views of the sunset. It also provides access to fresh seafood like wild fish, lobster, and crab.
Treasure Caye is accessible via a 17-minute motorboat ride to Dangriga Town. Dangriga, considered the 'Culture Capital of Belize,' is the capital of the Stann Creek District and has a population of nearly 10,000. The town provides amenities including shopping centers, convenience stores, eateries, and an airport. This proximity allows for convenient access to supplies and transportation, with connections to Philip S. W. Goldson International Airport near Belize City.
The island is equipped with a 100% solar and rainwater system and aligns with Belize's goal for sustainable, low-impact tourism development by 2026. Treasure Caye is also located near other islands, including Thatch Caye, Coco Plum Caye, and Tobacco Caye.
In comparison, a Croatian island, Mali Kosmać in the Šibenik Archipelago, is listed for €700,000 (£603,377). Mali Kosmać covers approximately 1.2 acres and is situated around 250 meters from the mainland. However, local planning regulations prohibit any construction on Mali Kosmać, restricting its use to farming and agricultural activities.