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Great development opportunity in The Enclave at The Palms, Northern Belize!

International Properties

Created on Wednesday, August 08, 2018
Updated on Wednesday, August 08, 2018
by Land Century

The Enclave at The Palms is a residential subdivision located in the Corozal Province in Northern Belize. This part of the country is very popular with expats, and The Enclave is located next door to the sold out expat community of The Palms at Corozal, as well as minutes away from Consejo Shores, Mayan Seaside, as well as the town of Corozal itself. You can also reach the free trade zone, as well as the Mexican border, in just about fifteen minutes.

The Enclave is being developed by Berkovitz Development Group, and has been engineered to offer just 20 large, oversized lots, in a premier location at the heart of the local Expat community. We are located adjacent to our sold out The Palms at Corozal community, right along Serenity Road. Power has already been extended by the developer, saving owners around $5,000-6,000 per lot on average.

The developer is currently in the process of building homes on several of the lots, but have also decided to offer a small number of vacant lots for sale at an attractive price, where construction work won’t start until you are ready, and where you can have as much input as you would like in the design of the home. You can even go out and hire another builder if you want, as long as the home model complies with the restrictions in place to protect the integrity of the community, as well as property values.

Lot sizes start from right around half an acre and go up to a full acre, which is quite a bit larger than the standard quarter acre lots in Corozal. Lots can either be cleared, or you may choose to retain most of the vegetation to ensure maximum privacy and really be able to “live as one” with nature.

Prices for a lot start from just $29,950, and we only have very few lots available, meanwhile prices for a finished home start from $99,000 and go up to around $140,000 USD, so this is an opportunity for you to get control of a lot inside a planned residential community, with minimum capital outlay.

Homes can be build either using wood or using concrete, we are happy to make recommendations based on our experiences, but both are possible options. Here you can see an example of wood home.

Belize is a very popular destination for retirees, and offers the only true retirement visa in the region, known as the QRP visa. Immigrants who come to Belize using this program are able to take advantage of a number of exemptions when importing personal property to live in Belize, and the requirements to qualify are relatively straightforward.

The Belizean economy is very reliant on foreign investment and there are no restrictions on foreign ownership of property in the country. The country also has very favourable tax laws, and Corozal in general has been very highly rated by a number of news outlets and magazines as a prime destination to retire.

You are less than a 2 hour drive from the Belize City airport, with non-stop flights to a number of U.S. and Canadian destinations, and you may also fly into Cancun and drive/take a luxury bus for about 3-4 hours to reach Corozal Town. For the more adventurous there is also a domestic airport in Corozal with flights on Tropic Air, as well as Maya Island Air, both from Belize City via San Pedro.

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