PLANS AND PRICES
 | The Villas
The Waterfront Marina Villas offer incredibly spacious living areas on three floors all with private front and back verandas and a lanai facing the marina. All residences include two car garages and a lower level ‘flex space’ for storage or extra space for entertaining. Homes feature 2 bedrooms, 2-1/2 baths and 3 bedrooms, 3 baths with richly detailed interior finishes with upgrade options. Villa residences line the Marina and private docks are available for convenient access to the Sea.
Up to 100 purchasers are invited to participate in the Charter Member Program to take advantage of an array of special incentives. These incentives will not only provide Charter Members with a significant economic benefit, but also will evoke immeasurable prestige and distinguish them from future buyers who will be relegated to pay market prices. |
By becoming Ara Macao Charter Members, these special few will receive the following special incentives:
• Up to 20% off the already low current pre-construction price
• Priority choice of unit location In Phase 1
• Round trip air fare for two persons and 5 nights accommodations, including food & beverage, in a luxury resort on the beach in Placencia, Belize
• Invitations to special receptions
• Preferred seating in Ara Macao restaurants
• Private, escorted tours to the pristine barrier reefs for snorkel expeditions; or guided tour of the lush rain forests; or day trip to the fascinating Mayan ruins and temples in the area.
• Many more ongoing special incentives over the years to come
To become a Charter Member, a purchaser must purchase one of the 100 units being offered in Phase I of the Ara Macao Resort and Marina. The Charter Member may choose from two purchase options:
Option 1: Place a $150,000 deposit with the Developer and receive a 20% discount off the current published pre-construction price.
Option 2: Place a $75,000 deposit with the Developer and receive a 10% discount off the current published pre-construction price.
 |
What is the value of this discount and what is the economic benefit to the Charter Member? The median pre-construction price of a condominium or villa in the Ara Macao Resort and Marina is approximately $500,000. Under Option 1, the discount would work out to a $100,000 deduction from the purchase price. That discount would translate to $100,000 of pure equity on the day of closing and delivery. Moreover, for qualified Charter Members, the Developer will arrange commitments from local Belizean mortgage lenders, some with international affiliations, to fully finance the purchase balance of $250,000 including closing costs. This means that the Charter Member would not be required to make any further cash payments.
In like fashion, the selection of option 2 with a 10% discount would translate to a $50,000 deduction from the purchase price. However, it is likely that the purchaser in this case would need to provide an additional cash payment at closing and delivery. Assuming that financing was available at a Loan to value ratio of 70%, the purchaser would need to come up with an additional $75,000 at closing. These prices and terms may only be the beginning of a steady upward trajectory in value for the Charter Member regardless of which option is chosen.
|
This statement is based on the results of a recent Comparative Market Analysis commissioned by the Developer of Ara Macao, in which pricing and features of residential offerings in 12 resort and retirement communities located in more mature destinations throughout the Caribbean and Central America were reviewed. The analysis showed that the published pre-construction price of condos and villas at Ara Macao may be on average about 50% lower than comparable units in neighboring destinations. Stated another way, Ara Macao Charter Members may be looking at a 50% upward price adjustment in the near to intermediate term as Belize becomes more recognized as a preferred resort and retirement destination.
Here are the numbers. The standard for comparing condominium and villa prices is typically the price per saleable interior square foot (PSF) since it is the most widely available data. As depicted in the analysis, the current weighted average PSF at Ara Macao is $425. Within the 12 comparable communities reviewed, prices ranged from $374 PSF to $1,051 PSF with a mean average of $678. This means that at a current weighted average price of $425 PSF Ara Macao Charter Members may look forward to a potential future price rise of 59% by just achieving the Caribbean mean of $678.
This remarkable opportunity may seem hard to believe. Believe it. The Developer of Ara Macao has an advantage that many developers elsewhere in the Caribbean do not. Ara Macao land was acquired several years ago at a very low $1,184 per linear foot of beach front just as the boom market in the Caribbean was getting underway. To put that price in perspective, our above referenced Comparative Market Analysis looked at 20 comparable destinations around the Caribbean and the cost of raw beachfront land in each. The analysis shows that our competitors around the Caribbean are paying on average over $15,000 per linear foot of beach front with some prices ranging as high as $40,000 for just one linear foot of Caribbean beachfront land.
In recent years, the value of the Ara Macao property has risen to well over $3,000 per linear foot of beachfront putting the development in a secure equity position. Naturally, you would expect that the increase in land value would be reflected in the current published pricing of Ara Macao condos and villas to enhance the Developer’s profitability. Not so. Ara Macao has only recently received clearance from the Belize Government to begin the marketing and development of the project. So to get Phase I of Ara Macao launched as quickly as possible, the Developer is willing to pass on its pricing advantage to the next 100 purchasers. We encourage you to move quickly on this offer because as these units sell out and the project gains sales momentum, it will no longer be necessary to price condo and villa residences at such low prices.
Charter Members will gain immediate gratification as well as continuous long term benefits. Immediately after executing a purchase contract, the Charter Member and one guest are invited to fly down to the property for a site inspection and experience a taste of Belize with all expenses paid. A representative of the Developer will host the Charter Member’s party on a personal tour of the Property by sea and land. Charter Members will enjoy walking the Property and experiencing first hand a virgin rainforest growing right to the edge of the Caribbean Sea.
Charter Members will stay at a luxury resort situated nearby the Property located right on the Placencia Beach. Transfers, all food and beverages will be included. Charter Members will have an opportunity to further their due diligence by visiting other resorts and compare condo pricing and features at those resorts to their transaction at Ara Macao and see for themselves just how stunning this offer is.
Further, in order to fully experience the essence of Belize, Charter Members will be escorted on their choice of several adventures. These include a visit to the Cockscomb Basin, the world’s largest Jaguar Preserve. Here visitors discover and explore the flora and fauna of a natural rainforest including a visit to a mountainside waterfall and river tubing ride. Charter Members may choose to explore a choice of several ancient Mayan ruins, to learn the secrets of this mysterious lost culture.
Others may choose to go diving or snorkeling along the many cayes and the Great Barrier Reef, one of the top diving locations in the world. World class grand slam fishing, sail fishing, fly fishing and more is available in one of the most sought after fishing spots in the Western Hemisphere. There will also be plenty of time for beaching, shopping or just laying around the pool with a favorite book.
Longer term, Charter Members will continue to benefit from the prestige of being an early adopter at Ara Macao. Charter Members will receive on going VIP treatment including preferred seating in Ara Macao restaurants, invitations to special receptions, parties and other ongoing special treatment. The Developer will engage a professional planner to fully develop and memorialize the Charter Member benefits.
 |
caribbean real estate 
