Frequently Asked Questions

The principals bring over 50 years of global business and leadership experience in 16 countries that span from consulting on Hospitality & Real Estate Developments through to physical design, development, and operations. Combined, the Principals have 35 years of Development, Hospitality and Real Estate experience on the ground in Belize and have been part of some of Belize’s most successful projects.

Coconut Point Development Limited holds the unencumbered, fee simple absolute title to all lands associated to the development. These lands are free and clear with no liens, or other encumbrances that would prevent the immediate transfer of title to purchasers.

Coconut Point Development Limited is the direct owner of the land and has full clearance from the Central Bank of Belize ensuring that all monetary transactions flow through the Belize domestic banking system and allowing repatriation of capital in US Dollars for investors that wish to resell their property in the future. This compliance also ensures the development follows the strict checks and balances required by the Central Bank.

Yes, there are the Governing Documents that include the Declaration and Covenants, Articles of Association, Architectural Guidelines and Initial Rules and Restrictions, all designed to protect the development and the homeowners

Homeowners can vote at Annual General Meetings and vote for Board Representatives.

Coconut Point is surrounded by water and will have a single entrance road. The entry will have a 24-hour manned security office with electronic boom gates and
identification sign in requirement. The road entrance will have CCTV cameras.

The main access road has already been completed, we will continue improve it until it settles, in phase 2 we will chip and tar the road.

All weather roads improved with culverts and drainage, built to last.

Utility infrastructure will be completed in conjunction with the road and canal completion.

Phase One will be completed in the Second-Quarter 2024.

Phase Two will be completed in December 2025.

75 ft wide.

10-12 foot deep.

Yes, there is a comprehensive set of Architectural Guidelines that are designed to allow flexibility of design and styles to keep homebuilders happy without compromising the standard and value of the development.

Once basic elevations and architectural plans are drawn up these need to be submitted to the Design Board for approval, these must include wall colors and roof finishes, the Design Board will review in a timely manner, revert with comments or in most cases simply approve the plans.

Yes, main residences shall have a minimum internal floor area of 1,200 square feet and a maximum floor area is not to exceed 20% of lot coverage, exclusive of garages, storerooms, and other ancillary structures.

Thirty-nine (39) feet to the roof eave, with a mezzanine of not more than one third (1/3) of the floor area below, however contemporary flat roof design will allow up to 100% mezzanine dependent on design.

Yes, providing it does not become a commercial enterprise other than Vacation rental or VRBO, we allow owners to build up to a maximum of (2) two studio units on a 0.5-acre site, in addition to their main residence, studios have no minimum size restrictions.

Yes, you can, we allow VRBO, AIRBNB. We will have onsite Reservation Management, Housekeeping Management and Landscaping Management. Full-service rental management companies such as Vacasa are not allowed.

No, these sites home sites are Residential.

Yes, we have recommended Contractors and Architects to help you through the design and building phase.

Yes, a local company or a foreign company can hold title in Belize, providing compliance to current registration and or approval requirements by the Central Bank of Belize and Belize Companies Registry.

Yes, it can.

Yes, it can.

None, so long as your funds flowed into the domestic banking systems as per Central Bank Regulations.

No, none.

No, none.

There are direct flights serving Belize from most major hubs in the US and Canada, Belize is serviced by American Airlines, Southwest, Delta, United Airlines, Air Canada, Westjet and Taca Airlines.

For US, Canadian and Commonwealth Citizens, a valid Passport (Valid for 6 months longer than date of entry), proof of return ticket and a valid address or hotel booking for your stay in Belize.

Like most countries in the Caribbean, the stamp duty is a transfer tax applicable to all real estate transfers in Belize. Belize charges a stamp duty transfer tax in lieu of costly yearly property taxes and uses the funds to build roads, infrastructure, hospitals, and schools.

The first US$10,000.00 of the purchase price is exempt from stamp duty, thereafter the stamp duty is calculated at 8% of the remaining purchase price, however under promotion this is included at Coconut Point.

The yearly property tax in Belize is extremely affordable and is calculated at 10% of 1% of the undeveloped value of the land. Homeowners at Coconut Point will pay on average about US$10 per year.

Closing Costs in Belize average 1.5% -2% of the transaction value. Coconut Point has included this cost the purchase price, and therefore no additional cost to you.

Yes, there is a developer financing mortgage facility, allowing budget conscious Purchasers to free up capital to build their home.

Minimum Deposit is 35% with the balance financed up to 10 years at 6.95%.

None.

Yes, purchasers that buy a second home site will get a 5% discount.

Yes, a maximum of 5 lots to any individual purchaser.

None, these Home Sites are designed to increase in value, and we expect many multiple home site purchasers to buy and sell later.

Approximately 14 -30 days.

These are areas in the Sapodilla and Western Lagoons that surround Coconut Point and have been designated into zones that are restricted for boaters to either “Go Slow” or “Idle Throttle Zones” to protect the valuable population of West Indian Manatees that live in these Lagoons.

At Coconut Point we recognize the positive economic impact sports fishing has had on many coastal communities in Belize, where we have seen commercial fisherman hang up their destructive nets to become fishing guides and conservation stewards. Belize has a mandatory Catch & Release policy for three of the world’s most sought-after species, Bonefish, Tarpon and Permit. We fully support this and through our covenants have endeavored to go further in protecting this incredible resource for future generations to enjoy. We have added mandated seasons for key species such as Snook and Grouper and within these seasons there are catch limitations. Catch & Release applies to year-round fishing and proper fish handling techniques need to be employed.

Yes, there are… Grouper have a legal season in Belize, that runs from April through November with a catch limit per boat of 1 fish per boat from 20-30 inches. Snook season runs from November through June and a catch limit is in place of 1 fish per boat from 28-32 inches.

Yes, Jet Skis and other water jet propelled watercraft.

Yes, through our Environmental Covenants.

Yes, there is a comprehensive water management plan through our ECP and Environmental Covenants.

Yes, Coconut Point has worked very closely with Department of Environment to ensure a minimum impact and environmentally responsible development. Coconut Point has a full and approved compliance plan in place.

Yes, it does, working closely with Department of Environment we have ensured that all conditions of our compliance plan are included into our Covenants.

Anyone forty-five years and older from anywhere in the world can qualify for the program. A person who qualifies can also include his or her dependents in the program. Dependents include spouses and children under the age of eighteen. However, it can include a person up to the age of twenty-three if enrolled in a university.

You can live freely in Belize as a retiree and come and go as you please, there are 100% import duty exemptions for the import of a motor vehicle, light aircraft, boat and personal household items.

Minimum of 45 years of age and able to prove an annual income or pension of US$24,000.00 or remit to a bank in Belize yearly that amount. QRP holders cannot work or run a business in Belize.

People looking to spend large amounts of time as a retiree in Belize and have no interest in opening a business in Belize.

People looking to live in Belize while developing a business or investing further in Belize.

This a residence program that allows foreign investors that invest in Belize (Business or Property) to the value of US$250,000.00 to apply for the Investors Residence, allowing you to come and go as you please and enjoy the all the benefits of being a resident.

Anyone buying land at Coconut Point and building a home, as the value of your completed home with land would, in 90% of cases qualify you for the program. Anybody looking to invest further and open a business in Belize.

People looking to retire only.