Jaguar Reef Residences Unit B 31
Jaguar Reef Residences Unit B 31
Unit Details:
- Third floor. Seaview
- 1450 sq. ft.
- 2 bedroom / 2 bathroom
- Private balcony w/ plunge pool
- All furniture and appliances included
- Price: US$469,000
Owners Club:
Condo owners will also become a part of the Owners Club, which gives owner’s the benefit of access to other resorts in The Belize Collection at a 20% discount on the best available rate along with a 10% discount on food, drinks, and tours.
Property/Rental Management:
Rental of the condominium units are available through our management company The Belize Collection. The onsite management is provided by Jaguar Reef. It is not possible to rent the units independently from our operation as we want to maintain consistency of our product offering in terms of product quality, packages offered, and pricing. Owners have the right to enter their units into the rental program or use the units for themselves, their friends, and family. There are no restrictions as to how many days an owner can use their unit and they can participate in the rental pool as much as they wish. Entering and leaving the rental pool is as easy as blocking off room nights with our reservations office. One stipulation is that any unblocked room nights that are booked need to be honored by the owners. We cannot kick booked guests or cancel existing reservations for the owner’s use.
Rental Split:
The management agreement has a split of room net room revenue 50% to the owner and 50% to the resort. The net revenue is net of third-party commissions.
Expected Income:
In the units first year of rental (2023, including Dec. 20th – 31st 2022), the owner’s net share of rental revenue was just under US$19,000. Includes over 80 days of owner usage.
In 2024 (Q1 & Q2), the owner’s net share of rental revenue has been just over US$18,000 so far. Includes 3 days of owner usage.
HOA Fees:
US$250 monthly HOA fee to cover common area costs around the condominium buildings such as exterior grounds/gardens, exterior maintenance like pathways on the condominium property, the condominium roof, and exterior painting of the buildings.
