The Reef House @ Alaia is part of Marriott's Autograph Collection. The Alaia resort opened in May of 2021 and has been a popular spot for travelers since then. Located approximately 1.25 miles from downtown San Pedro, this beautiful property has all of the upgrades, and then some, to be included in the rental program. In fact, the unit is currently generating income through the rental program.
This 2 bed 2 bath 1,100 sq.ft. ground floor condo is part of a 4 unit building. Light is able to penetrate through 3 sides and one is common to the neighboring unit. As a bonus, the backside gives a great view of the children's play area. The front veranda and view are perfectly situated to take in the view of beautiful pool and lounging area for The Reef House units.
This high-end resort has everything onsite to include multiple restaurants with an Internationally recognized chef, 3 amazing pools, a beach bar, over the water restaurant, onsite spa, gym, indoor and outdoor children's play area, dive shop, and the most stunning beach in town. The property is close to local stores and restaurants, a pharmacy, mechanic, butcher and a 20-minute beach walk to the San Pedro Town center.
The beautifully appointed condo is being sold fully furnished, has a modern kitchen finished in the traditional Belizean hardwoods, offers plenty of owner storage, central air-conditioning and laundry. There are some additional cabinets added, which gives additional space for storage.
Whether you keep it as a second home, live full time, or continue to produce income in the rental program, this stunning investment in the newest luxury resort in town is not to be missed.
Occupancy rate for 2023, which includes owner stays, was over 70%. This is an exceptional number more than likely attributed to the Marriott brand that the property has partnered with. This equates to a return on investment (ROI) over 7.75% for the list price!. Current year occupancy rate is also over 70%!
New seawall and beach improvements are being paid for by the Seller!
HOA Fees cover the cost of all exterior maintenance, 24-hour security, beach cleanup, pool maintenance, use of all amenities, and parking. There is an additional loan repayment fee of $46.10/month in to 2025.
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