Property is Sold $599,000 - Villas
This recently built (2007) beachfront property is only a 5 minutes bicycle ride from Utila town center and has been designed such, that the main 2nd floor house could be lived in by the owners when they are visiting Utila or operated as beach vacation rental when they are away. 2 ground floor studio apartments and a separate ‘Casita’ are offered as upmarket rentals all year round. The property fronts directly onto 100ft of beachfront shoreline, and current owner has made extensive shoreline improvements, 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. Shore entry scuba diving is possible as is Bonefishing and Permit fishing.
The 2 Studio Apartments are nearly identical, 300 sq ft with air-conditioning and ceiling fan/lights; a lounge/living/sleeping area with double bed, fully equipped kitchenette, full bathroom with Shower, Bath, Toilet and Handbasin. The Main House has 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. Satellite DirectTV with DVD/CD player, Stereo Sound System and wireless internet are provided. Ceiling Fans are fitted throughout as well as custom made cabinetry and furniture.
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.
In addition to being a great Vacation Beach House, this property holds further potential for additional development due to the location, the large lot size and absence of building covenants (unlike some beachfront properties in the area) could be developed into a mini-Resort or additional cabana style apartments. Up to 15 apartments around a pool could be added.
The property has become a popular short-term beach vacation rental and/or longer-term apartment rental. Owner is offering some financing!