Real Estate for Sale: The Bay Islands, Honduras, Paradise Regained Beach House - For Sale - Utila - Old Airport Road

Asking Price: $625,000
Location: Old Airport Road
City: Utila
State/Province: The Bay Islands
Country: Honduras
Type:

This spectacular beachfront property is a 7 bedroom, 5 bathroom, custom built, fully furnished home (all one needs is a toothbrush to move in), includes 2 studio Apartments and a Casita. It resides on 1/3 acre (approx) with 100ft of beachfront. Located on Utila's Eastern Shore and 5 minutes bicycle ride from Utila Town Center, scuba diving access is right from your front door and only 50 yards across the water to some of Utila's best dive sites such as Airport Caves. Owner Financing Available.

The Lot - Just off the Old Airport Road, and 5 minutes bicycle ride from Utila town center, the property fronts directly onto 100ft of beachfront shoreline. Shore entry scuba diving is possible and 8 buoy-marked dive sites are within 400 yards of the water entry points of the property shoreline, the closest (50 yards away) being Utila's fabulous Airport Caves. In addition to scuba diving, Bonefish and Permit fishing is possible from the property shoreline.

Buildings - The main building is on a cement slab with concrete supporting columns providing the base for this wooden construction home. All windows and doors are constructed with white vinyl coated aluminum and fitted with screens. All bedroom areas have external doors to either the wrap-around deck (Main House) or patio (Apartments). Imported High-efficiency, low energy, electrical devices and fittings are used throughout the buildings. All ceiling fans are commercial grade with high-volume air movement. The high pitched roof is Spanish tile effect formed from long-life corrosion-resistant factory painted Zincalume. A central cupola provides ventilation to the second floor. On the first floor are;

2 Studio Apartments - Each, nearly identical, 300 sq ft Apartment with air-conditioning and ceiling fan/lights has a lounge/living/sleeping area with double bed, fully equipped kitchenette, full bathroom with Shower, Bath, Toilet and Handbasin. The Apartments are separated by a;

Two vehicle lockable Garage/Workshop with Washing Machine and Dryer. A golf cart and 10 bicycles are included in the Sale. Also at ground level is two outdoor showers and a small generator housing separated from the main building. From the first floor, 2 sets of wooden stairs (front and back) lead up to;

The Main House - with a 12ft wide ocean facing wooden deck in front and a 3ft wide wrap-around to both sides. The main entrance leads into a central Great Room with open plan kitchen area.

The Great Room with a varnished wood vaulted ceiling and central ventilation cupola is furnished with over-sized rattan-style furniture, custom built for the house on the mainland. Satellite DirectTV with DVD/CD player, Stereo Sound System and wireless internet are provided. Ceiling Fans are fitted throughout.

Open Plan Kitchen with ceramic worktops, fitted cabinetry and wet bar, includes all appliances; (microwave, 4 burner gas stove with oven, refrigerator), and crockery and utensils. Exiting off the Great Room are;

Four bedrooms (two to each side) with adjoining full Bathrooms (Shower, Bath, Toilet, Handbasin and Vanity Units). 2 bedrooms have double beds, 2 have large twin beds. All bedrooms have built-in wardrobes, A/C, ceiling fans and screened doors opening onto the deck.

A separate 220 sq ft (approx) Casita is built in one corner of the grounds as accommodation for a caretaker couple and includes a fully furnished kitchen, bathroom, double bed, ceiling fans and air-conditioning.

Rentals - are a possible source of income from the property which is fast becoming established as a popular short-term beach vacation rental or longer-term apartment rental. Rentals are currently advertised on ParadiseRegainedUtila.com, AboutUtila.com and Vacation Rental By Owner (VRBO)

Property Development - In addition to being a great Vacation Beach House ‘as it is’, this property holds further potential for additional development due to the location, the large lot size and absence of building covenants (unlike other beachfront properties in the area). For example, the existing buildings could be extended or additional buildings added to develop the property into a mini-Resort or cabana style apartments could be added for additional vacation rental apartment income, or up to 15 apartments around a pool could be added.

Owner Financing Available - 40% down payment, 5 Year Term, 9.0% Interest, Interest only payments, balloon payment at Term end.

Extensive shoreline improvements have been undertaken by the owner, including the creation of a multiple inlet tidal pool that is providing a natural habitat and breeding ground for tropical reef fish, lobsters and moray eels - an aquarium right in your front yard. The tidal pool wraps around a number of man-made islet with a cliff rock sea wall to the ocean side. Crossed by three wooden bridges, two with rock walls, the other forming the base of a gazebo or palapya, the islets with recently planted palm trees provides an open entertaining or sun-tanning area. So attractive are these improvements that the neighboring properties have funded extensions of this area to their own beachfronts.

Existing Mango and Buttonwood trees have been supplemented with newly planted Coconut Palms, Banana Trees, Hibiscus, Jasmine, Coriander and Pineapples, to augment the developing garden areas. Gravel paved rock border paths and parking areas provide all weather access over the natural beach sand. A charcoal BBQ and a number of heavy-duty plastic and wooden garden and beach chairs are included in the sale.

Two rainwater catchment cisterns (USA made to environmental standards) and a domestic water treatment facility feed the pressure pump providing hot and cold water throughout the living areas. 24 hour Municipal 110/220V power is supplied via underground cables with a back-up 5.5KW generator for essential systems. As with all properties in Utila, wastewater is dealt with by a private septic tank system.