Own a little beach bar on the white sands of Paradise? Take over an existing small resort on the beach and live the good life for a while? Looking for something that would pay for itself in no time flat? --Sound familar?? More and more Baby Boomers are starting to think this way...
You should note in addition, that there are virtually no businesses on the island that can cash flow. We are in an emerging market scenario here. Less than one year old CMA data and even less accurate reportings. Our MLS is young, but getting stronger.
Because of the emerging market, and investors wanting to grab valuable beach properties here...
...... prices are all over the map, very unrealistically one would say....if it wasn't for the fact that Roatan is a small island....and there's only so much of her....and more and more people are trying to snatch it up before the prices climb to the Caribbean average...(we're quite below as of now)
Most investors buy on their gut. Some buy on their emotions...but few, if any, will buy based on any sort of cash flow. Potential yes...but not current or past actuals. Prices are too inflated already, and we don't have the infrastructure yet, to attract the big spendors. YET, is the key word here. I am personally involved in the following history making deals.....
1st Golf course on its way - confirmed
Westin Hotel on its way - confirmed
Free Port status before Congress - confirmed
The above took place this week..................................................so far.
