This ten acre belize islands parcel located on Palmetto Caye is one of four parcels on the island. Valued at $512,000 this property is attractively priced at below market value.

General Info:
Palmetto Caye is a 42+ acre belize islands mixed mangrove and coral based located 4.5 miles south of the popular and quaint tourist destination of Placencia Village in the Stann Creek District which places it approximately 36.5 miles south of Dangriga and 73 miles south of Belize City. 

The belize islands has been surveyed into four parcels (10+ acres each). The windward side of the belize islands is relatively shallow with the development of a number of nearshore patch reefs. The nearshore waters off the leeward side of the Belize Islands have a depth usually within 2M whereas the more distal areas ranges from 2 to 3M. The southern portion of the belize island is located on the highest ground.

The entire property encompasses a semi-developed beach and berm, as well as a ridge colonized by a tropical littoral forest, and lowland mangroves. The littoral forest and the beach environment comprises of 15.97 acres while the red, black and dwarf mangroves 19.32 acres, and the Grass Savannah area 6.62 acres of the property

The only access presently to the island is by boat. The nearest airstrips are the Placencia and Forest Home Airstrips, which are located within a radius of approximately 5 miles to the island. The Big Creek Port lies 3.5 miles to the north of the belize island while Monkey River Village 5 miles to the southwest. The closest marine reserve is the Port Honduras Marine Reserve which is 6 miles to the south of the belize islands.  There are also other marine reserves as well as upland or terrestrial protected area in the wider region of the belize island. These include the Laughing Bird Caye National Park and the Cockscomb Basin National Park.

Existing/Planned Development:
There is currently no development on the belize island. Proposed development of the 10 acre parcels have centered around the creation of a wide canal with ocean access that will allow for both Seafront lots and Canal lots. The excavation of the canal would leave a minimal footprint and can serve the dual purpose of both providing fill material for the property and also to provide the appropriate depth (8-10ft) for the berthing of boats. Additional fill material can be sourced from burrow sites just northwest of the island.

Nearby Development(s):
The nearest offshore development is a proposed project on nearby Harvest Caye (71 acres) located approximately 1.5 miles north of Palmetto. This project which includes a Hotel Resort development with a 1500M airstrip complemented by Private Residential Apartments, Villas and Over-water villas has just successfully completed the EIA phase and is scheduled to begin construction during the fourth quarter of 2009.

Other on-going major developments in the general Placencia area includes the ‘Placencia North International Airport’, Ara Macao Resort and Marina, ‘The Placencia Marina’, ‘The Placencia Resort and Casino’, and a Robert Trent Jones PGA Certified Golf Course.