Is it possible to find 2 bedroom 2 bath Condos for under $100,000 in Ambergris Caye, Belize?

I am interested in finding a home or condo in Belize and wondered if the condos have elevators in them on Ambergris Caye. Also is it possible to find 2 bedroom 2 bath Condos for under $100,000 and is general day to day living affordable in this area?

Caren

Ann Kuffner – Belize Correspondent

ann kuffner Caren,

On Ambergris Caye very few condominium complexes have elevators. Up until recently elevators were unheard of on the island. That was partly because until recently there was a building restriction so most condo complexes were only two stories, three at the most. A few years ago developers obtained approval to build up to four stories. At that point it became more important to at least consider elevators, but they are very expensive to import, so add to the cost of building. There are still very few elevators in condo complexes on the island. You will only find them in a few recently build developments that have four stories. The condos in these complexes are very pricey.

Ambergris Caye is the most expensive area of the country. It’s a popular island on the Caribbean Sea, so the property values and cost of living here are double that of some of the regions where expats live on the mainland. You will not find a 2-bedroom, 2-bath condominium in a desirable condominium complex here for $100,000 or less. Prices for an older 2-bedroom, 2-bath condo on the sea, in a nice complex, start around $275,000. But if you look off the beach, you might find a comparable condo for $200,000.

A few expats who are quite frugal, and own their own homes, have told me that they spend about $1500/month. But most of the expats I know who live on Ambergris Caye spend $3000/month or more. Everything is more expensive here, not on only due to the desirable lifestyle, but also due to the cost to import all goods out to the island. That adds about 1/3 to the price of most goods.

That being said, you could buy a spacious 2-bedroom, 2-bath home on 1/2 acre in Corozal for the same price, or less. And you could comfortably live on $1500/month in the Corozal region, or even less if you own your home. You can also rent and live on a nearby island, Caye Caulker, for around $2000/month, if you can find a decent rental. I recently wrote a postcard about a couple who live on Caye Caulker for $1500/month. Here is the link: https://internationalliving.com/2016/07/enjoying-a-slower-more-fulfilled-life-on-this-affordable-caribbean-island/.

 

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