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Details:.Welcome to a spectacular Caribbean lifestyle complete with panoramic ocean views and warm sea breezes. Key Bay is strategically located in oceanfront and hillside settings that take advantage of the breathtaking island views. Exotic palms and other lush tropical vegetation frame the well-manicured properties. This
is sophisticated living in a serene island setting - living here is the closest thing to paradise. The spacious 1, 2 and 3 bedroom luxury condominiums at Key Bay combine the easy ambiance of the caribbean lifestyle with all the amenities of modern living. The community is designed with Mediterranean style architecture; all permanent buildings have concrete/ stucco walls and red clay tile roofs. All have fully-equipped kitchens with state-of-the-art appliances, fixtures and fittings.
There are furniture packages available for you to select all your home furnishings - including accessories - to make the condominium your home! All of this is accentuated by the gentle sounds of the rolling sea just steps away from your front door. The Key Bay condominiums may be purchased for private residences, or may be placed for rental with the rental management company to maximize the return on your investment, while still maintaining complete control over desired times of use. Condominium owners will have access to the amenities, which include the adjacent Village Commercial Center and Community Clubhouse. The Commercial Center offers retail spaces, commercial offices and apartments. The Clubhouse is just steps away from your front door and offers a restaurant, bar, meeting facilities and centerpiece infinity-edged pool in an enchanting seaside setting, all of which overlook the beautiful beach at Key Bay, the heart of the community.

Features

• Our hillside luxury condominiums will have 35 homes in 5 buildings and our seaside luxury condominiums will have 10 homes in 2 buildings.
• Our owners enjoy unlimited access to the infinity-edged pool, private beach and the Community Clubhouse.
• Condominiums may be placed for rental with the rental management company. This same company will provide general maintenance, cleaning services or any other assistance you might require to ensure that your ownership experience at Key Bay is as carefree as possible.
• Condominium owners will have access to the on-site Guest Houses to accommodate their visitors.
• Common Area Maintenance, insurance and security are provided to ensure peace of mind to the Owners. The Home Owners Association (HOA) fee of $1,200 per year is pro-rated from the day of closing, and is payable thereafter on January 1st.
• Building maintenance of individual units includes roof repair/replacement, guttering, repainting windows, doors, railings, corridors, etc. The monthly fee will be pro-rated from the day of closing, and is payable thereafter on January 1st. These fees will depend on the size of the condominium as follows:
One Bedroom - $150 Two Bedroom - $250 Three Bedroom - $300

Only a short, leisurely walk from the estate homes and luxury condominiums , Key Village will be The Bay Islands’ first state-of-the-art shopping mall and professional center.

Featuring a wide array of top brand-name stores, fashionable boutiques, a gourmet food court, and gated underground parking, Key Village will offer shoppers all the amenities of America’s most modern gallerias. And it’s 5,000 –square-foot-health spa and fitness facility will turn getting – and staying – in shape as easy and enjoyable as taking a trip to the mall.

But, that’s just the beginning.

At Key Village, you’ll also find fully equipped doctors’ suites, business centers, attorneys’ offices, and international banking services to meet your every medical, legal, and financial need. Whether for healthcare emergencies or routine check-ups … major transactions or minor accounting … putting together a large deal or going over the small print, you’re never more than a few minutes away from staying in the pink … and the black.

Directly adjacent to the Village, you’ll soon find The Bay Islands’ first major supermarket. Here, the fruit will be as fresh as all outdoors, the vegetables will be vine ripened, and the meats and dairy products will be of the same high standards you’ve come to expect at North America’s finest butcher shops and quality creameries. But, don’t expect the same high prices. Because in Roatan, the prices are as easy on the budget as the scenery is on the eyes.

FLOOR PLANS

• One story - ground floor
• Two bedrooms, two bathrooms
• 2,070 sq ft total gross area
• 1,680 sq ft air conditioned space
• 390 sq ft covered terrace
& covered entry
• Custom kitchen with island
• Fully equipped laundry, plus
kitchen with stainless steel
appliances
• One story - second and third floors
• Elevator access
• Two bedrooms, two bathrooms
• 1,935 sq ft total gross area
• 1,660 sq ft air conditioned space
• 275 sq ft covered terrace
& covered entry
• Custom kitchen with island
• Fully equipped laundry, plus kitchen
with stainless steel appliances
Two story
• Two bedrooms, two and a
half bathrooms
• Two spacious bedrooms located
on the second floor
• 2,718 sq ft total gross area
• 1,868 sq ft air conditioned space
• 583 sq ft covered terrace
• 91 sq ft covered entry
• 176 sq ft second floor balcony
• Fully equipped laundry, plus kitchen with stainless steel appliances

• Two story
• Two bedrooms, two and a half bathrooms
• Two spacious bedrooms located on
the second floor
• 3,103 sq ft total gross area
• 2,056 sq ft air conditioned space
• Fully equipped laundry, plus kitchen
with stainless steel appliances

Investor Benefits

  • Last year, according to the Honduras Department of Tourism, some 300,000 cruise ship visitors came ashore in the beautiful Bay Islands. This year, 700,000 are expected. And next year, the number of visitors should top 1,000,000.
  • lack of developed property on the Island
  • Property prices here have already doubled – and even tripled – in the past 36 months.Roatan is booming.
  • Property taxes on Roatan are very affordable. Expect to pay about $ 3.50 per $1,000.
  • Title insurance is available through one of the world's largest and most prestigious insurers - First American Title Insurance Company.
  • special pre-construction discounts offered through us on limited-time pre-construction prices.
  • Staffed and monitored gated community
  • duty free location



Prices

Building # 2

  Unit # Bedrooms Size (Sq. Ft.)Gross Normal Price Sales Price Discount
Amount
Discount
Normal Price Percent
First
Floor
1A 2 2,071 $ 468,046 $ 4 21,241 $ 46,805 10%
  1B 2 2,071 $ 453,549 $ 4 08,194 $ 45,355 10%
Second
Floor
8A SOLD          
  8B 2 1,960 $ 496,680 $ 4 48,500 $ 48,180 10%
Third
Floor
8C SOLD          
  8D 2 1,960 $ 558,600 $ 5 02,740 $ 55,860 10%
Two
Story
9 SOLD          

Building # 5

  Unit # Bedrooms Size (Sq. Ft.)Gross Normal Price Sales Price Discount
Amount
Discount
Normal Price Percent
First
Floor
1A 2 1,923 $ 609,591 $ 5 48,632 $ 60,959 10%
  1B 2 1,923 $ 594,207 $ 5 34,786 $ 59,421 10%
Second
Floor
8 2 2,165 $ 703,625 $ 6 68,444 $ 35,181 5%
  2 1 1,510 $ 490,750 $ 4 66,213 $ $ 24,538 5%
Two
Story
5 2 3,675 $ 1,194,375 $ 1 ,074,938 $ 119,438 10%
  9 2 3,305 $ 1,074,125 $ 9 66,713 $ 107,413 10%

 

 

Buyer Checklist

overseas property investmentEnglish speaking on Roatan Island
overseas property investmentEstablished high rental Income
overseas property investmentBeachfront locations or sea view property
overseas property investmentTax free (Income)
overseas property investmentNo Capital Gains
overseas property investmentAcceptable Entry and Exit for investment
Friendly Locals & low Crime
Hot tourist spot all year round and not reliant on just European tourism
overseas property investmentEasy Access from European & USA airports
overseas property investmentHigh Returns on Investment through self build & new construction
overseas property investment Low density construction keeps values and rentals high
overseas property investmentIsland locations keep their real estate values
overseas property investmentEasy Visa Entry & residency if required
overseas property investmentGood climate all year round


Points to consider

overseas property investmentNo direct flights to Roatan Island via Honduras
overseas property investment8% Purchase costs on top of the price
overseas property investmentYearly property tax depending on value of property
overseas property investmentSpanish Speaking on the mainland but English speaking on Roatan Island


 

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