6 Great Value Ocean View Homes in Roatan

Roatan Realtor Jorge Chavez

I love to highlight new listings that I think offer incredible value for buyers. If you’ve been considering buying real estate in the Caribbean, take a look at these great value ocean view homes in Roatan. It’ll be a challenge to find equal value on most other Caribbean islands these days!

2-Bedroom Home in West End for $240,000 

This semi-detached home is in an ideal, quiet location in West End with easy access to all the fun and activities and nightlife. Mature landscaping, 1900 square feet of living space, and superb craftsmanship make this home stand out. Oversized wraparound decks on both the upper and lower levels offer views of the mature garden area.

This is an outstanding opportunity to own the land and home with affordable and HOA worry-free ownership fees. You’ll also enjoy the choice of two pools…so this home offers great rental potential!

3-Bedroom House in West Bay for $359,000

Roatan Real Estate MLS  #17-549

Roatan Real Estate MLS #17-549

On a quiet cul-de-sac just a few minutes’ walk from one of the best beaches in the world, this house is perfect for your winter escape or for your retirement home. It has a 1-bedroom apartment on the ground floor with a 2-bedroom unit over the upper two floors.

Facing the South Shore, this home receives the cooling trade winds and has views of the coastal mountains on the mainland and the ocean on both the South and North Shores. Situated in a quiet, secluded residential neighborhood just over the hill from the bustle of West Bay Beach, you’ll enjoy easy access to all the restaurants, bars, and activities that West Bay has to offer without all the noise.

The two units can be rented to offset expenses when the owners aren’t on-island, plus your friends and family can visit you and enjoy their own separate accommodations.

2-Bedroom Villa in West Bay for $398,900

Roatan Real Estate MLS 17-459

Roatan Real Estate MLS 17-459

This new home is poised to offer you the ideal island lifestyle, whether as a vacationer or full-time resident: Views, sea breeze, swimming pool, beach access, 2 XL master bedrooms, a premium location, over 3400 square feet of living space…and an asking price below $400,000.

Located within Blue Roatan Residences, which is spread over 6 acres, you can enjoy a beachfront clubhouse, dock, swimming pool, and concierge service! Single family homes, villas, and condos will be built within a lush vegetation setting on a gentle slope.

This is West Bay’s next little paradise.

2-Bedroom House in Sandy Bay for $399,000

Roatan Real Estate MLS 18-13

Roatan Real Estate MLS 18-13

This outstandingly unique home is located in a serene area of Sandy Bay, near Anthony’s Key Resort. Resting on one of the highest hills in the area, you will absolutely love the magnificent panoramic ocean and mountain views.

The home is surrounded by tropical gardens and mature fruit trees, providing a variety of fruits such as mangoes, soursops, avocados, limes, guavas, almonds, and bananas for your enjoyment. The construction is all concrete with tiled floors, so the home will not suffer typical island damages caused by termites or rusting.

You can live the good life with this hilltop stunner.

3-Bedroom House in West Bay for $399,000

Roatan Real Estate MLS #18-54

Roatan Real Estate MLS #18-54

Teal Vista is an ocean view home located in the upscale neighborhood of the Turrets at Turtle Crossing. This 3-bedroom/2-bathroom home has multiple decks, all with sweeping views of the south shore of Roatan, mainland Honduras, and Cayos Cochinos. You’ll enjoy constant trade winds and ocean breezes from this vantage point.

New mini-split AC units have been installed in every room, plus a new water filtration system. Enjoy use of the community pool and 24-hour security monitored by Bulldog Security. This home is located a quick drive or short walk to West Bay Beach, giving you the best of all worlds.

2-Bedroom Villa in Pristine Bay for $415,000

Roatan Real Estate MLS #17-359

Roatan Real Estate MLS #17-359

Overlooking the turquoise waters of Roatan’s north coast and the greens of the Black Pearl Golf Course is a corner villa with 2 bedrooms and 2 bathrooms. Both bedrooms and the great room have large sliding glass doors which showcase the view and lead to the patio and private vanishing-edge swimming pool. The home comes fully furnished and is ready for immediate occupancy or to be placed in the rental program.

Pristine Bay offers amenities sought by investors looking for upscale Caribbean living. A private beach is available for homeowners and their guests to enjoy. There is an expansive private Beach Club offering owner/guest services including an 18,000 square foot vanishing edge pool and kids’ splash park, restaurant, and tennis and golf pro shop. Golf enthusiasts will enjoy playing the Pete Dye designed Black Pearl 18 hole golf course. Comprehensive property management is available, making ownership of Villa 1201 worry-free.

What do you think? Are any of these great value ocean view homes right for you? Let me know! Reach out anytime to arrange a viewing or to ask for additional information. I’m always happy and eager to help you find your dream home. If it doesn’t yet exist, then let’s talk about building it to suit your exact needs.

Retirement in Roatan is a Dream Come True

 

It’s no secret that retirement in Roatan is a dream come true. Read any article highlighting the world’s top retirement destinations and you’re sure to find our beloved tropical island featured. What makes Roatan such a favorite among retirees? Let me count the ways…

Roatan Offers a Low Cost of Living

Of course the cost of living being low is all a matter of perspective. If you’re coming from a place with a fairly low cost of living already, then you might compare prices in Roatan and disagree with my assessment.

However, an unbiased look would be to compare Roatan with other Caribbean islands. Regardless of your home region, comparing the island of Roatan with other island options in the region will show you costs on a similar basis.

Islands require import costs and limitations on products and some services – that’s universal to islands by nature.

But Roatan certainly offers a low cost of living for a tropical Caribbean island.

Roatan Offers a Friendly Community

It’s for good reason that Roatan regularly gets hailed as an easy place to fit in. With an English-speaking local community and an extensive expat community, new arrivals find it very easy to make new friends and to create a community in Roatan.

For most potential expats, a visit to Roatan is followed by several more visits before taking the big leap. Those visits offer you the chance to get to know people and to already start making friends.

Facebook groups are also very popular for Roatan residents, offering a way for you to keep in touch with those new friends even while you’re back home making plans. You can stay in contact and continue to make more connections so that your eventual move to the island is a seamless transition.

Residency in Roatan is Easy

If you’re retiring to Roatan, you can easily acquire your residency. Retirees in Roatan simply need to prove their monthly income and then you can apply for residency and enjoy a few bonus perks, too!

If you’re coming from the US or Canada, you can visit Roatan for up to 90 days without residency. This is a great opportunity to rent and get more familiar with neighborhoods and lifestyles before jumping into real estate.

I am always happy to connect you with a reputable attorney in Roatan who can handle your residency application – it is usually best to work on your residency simultaneously with a real estate transaction if you’re new to the island.

Real Estate is Affordable in Roatan

Retirement in Roatan can be even more affordable if you invest in real estate. While renting is a viable option for many, buying real estate offers you a rent-free lifestyle with an incredibly low cost of living.

Many retirees in Roatan sell real estate back home and purchase a new retirement home in Roatan mortgage-free. That opens up so many doors for your daily cost of living. Imagine all the fun activities you could do with that extra cash!!

Retirement in Roatan is a Dream Come TrueRetirement Roatan

Don’t you agree that retirement in Roatan is a dream come true? You can actually have it all here: Beautiful beaches, tropical climate, affordable real estate, low cost of living, and a wonderful community of friends and neighbors.

If you are considering retiring overseas, I strongly recommend you consider Roatan. While I obviously have a biased opinion, you can also listen to the experts who gauge retirement destinations around the world!

Roatan offers retirees an excellent quality of life. You’ll love spending your time outdoors and breathing fresh tropical air. You’ll enjoy a slower pace of life and a focus on daily wonders, admiring vibrant tropical flowers and swimming in the turquoise seas.

No place is ever perfect and there are compromises to be made regardless of where you choose to live. But I can personally attest to life in Roatan being my dream come true…I moved my family here for a better quality of life and we have never looked back!

Are you thinking about retiring to Roatan? Feel free to reach out with questions any time, I’m always happy to help!

Do You Need a Professional Realtor in Roatan?

This question tends to pop up in Facebook groups, so I thought I’d address it here for everyone’s benefit: Do you need a professional REALTOR in Roatan? Yes. But, obviously I would say that because I am a professional REALTOR in Roatan!

While my opinion might be biased, my rationale is sound. To help you make your own decision, here is some insight into the real estate process and pitfalls in Roatan.

Buying Real Estate in Roatan

Buying real estate in a foreign country can seem a little scary. Without being familiar with all the processes, you can’t possibly know the ins and outs. That’s where a professional comes in!

I’ve written before about the real estate process in Roatan. You can read about the buying process, terms you should know, and even the cost of construction in Roatan on my blog.

But no matter the amount of research you put into the process, you need a professional guiding you through your unique adventure. There will inevitably be questions that arise and issues that need to be handled during the transaction. You don’t want to waste your big investment by making mistakes along the way. Even seemingly small mistakes can derail your dreams.

Pitfalls of Buying Real Estate in Roatan

While I’m happy to tell you that buying real estate in Roatan has been done by plenty of foreigners without issue, there are also pitfalls to be aware of during this process.

The most common issue foreigners face when purchasing property in Roatan is the lack of a clear title.

There are, unfortunately, some horror stories from unsuspecting foreigners buying property without the counsel of a professional Roatan REALTOR. Those individuals are – rightly – upset about the transaction and often make it quite publicly known that they had an issue. This upsets those of us in the real estate industry because it makes Roatan look bad, when in reality it was simply a poor decision made by that individual to try everything solo.

If you use a professional for services back home, you should certainly use a professional overseas.

When you are unfamiliar with a place, it is always best to have someone helping and supporting you. You deserve someone in your corner to make sure you end up with the best situation.

Moving to paradise should be a celebratory occasion, not a stressful failure!

Do You Need a Professional REALTOR in Roatan?Roatan Realtor

Being a professional REALTOR in Roatan is far different than being someone who sells real estate. There is an enormous difference in abilities, education, and licensing that you truly cannot ignore – especially when purchasing real estate in a foreign country.

A person who sells real estate can be a person who may know both a seller and a buyer and puts them together with an attorney and/or notary who transacts the deal. The person who connects everyone together then collects a commission for this service.

A professional REALTOR, on the other hand, with the assistance of their broker, lists property and markets property for sale, but only does so after title checks.

Due diligence by a professional realtor in Roatan might include ensuring a clear title and payment of property taxes, examining a current survey and Cadastral survey, plus possible assistance with the ZOLITUR process and payment of ZOLITUR gains taxes.

A professional REALTOR might also deal with the escrow of funds in a specific and designated account for that sole purpose.

A professional REALTOR in Roatan offers guidance and the successful navigation of the entire purchase or sale process for their clients.

A professional REALTOR offers experience that is built upon education, training, and attention to detail that is necessary to facilitate the real estate transaction and process.

So at the end of the day, you need to ask yourself: Are you willing to risk your investment by trying to do all this alone?

Use a professional REALTOR in Roatan. I promise you won’t regret it!

Always feel free to contact me about real estate in Roatan. I’m happy to help you find the real estate opportunity you’ve been dreaming about. Come enjoy island life…it’s the good life!

We Don’t Do “Winter” in Roatan

We heard about all that crazy winter weather you’re having up north. Bomb-cyclone storms and snowfall in Tallahassee…the world has gone crazy! Of course, we don’t notice much of that nonsense while sitting here on the beach in the sun.

The Thing is, We Don’t Do “Winter” in RoatanWinter Season in Roatan

We spend our winters much like we spend our summers: under the palm trees, toes in the sand, sunglasses on. We pour a cold drink and enjoy the sunset. We go snorkeling and scuba diving and deep sea fishing.

In short, “winter” is just a word to us…a reminder for us expats that we never have to worry about shovelling snow or wearing so many layers that our arms stick straight out like a starfish.

We prefer our starfish gracing the sand by the coral reef.

What is This “Winter”?

“Winter” is a term for another place and time – not for those of us living in the tropics.

Here, we get to enjoy the great outdoors all year long! We can sunbathe and bathe in the sea any day we choose, without hiding away in hibernation for half the year.

We don’t waste that kind of time here in Roatan.

We don’t scurry from the front door to the car door across icy pavement; we tap dance across the warm sand until our feet land happily in the calm surf.

We don’t scrape our windshields with frozen fingers; we roll the windows down and let that fresh salty air fill the car.

Is Rainy Season “Winter”?

Here in Roatan, “winter” is just a word. We have rainy season, sure. But that rainy season is most welcome because it keeps our island green and pretty. We welcome the rain for our fruit trees and palm trees, for our hibiscus and our orchids growing everywhere.

Yes, even during the “winter” our island is alive and fresh and filled with color. There simply are no grey, dreary days here in the tropics. Even when the rain comes down in sheets, the island is alive with growth and color.

We don’t experience the silence of cold winter months when animals hide away and empty brittle branches eerily blow in the wind.

Winter in Roatan is filled with sound and life. Birds sing all day long and geckos call to each other by the outdoor patio lights; raindrops tap palm fronds and glide down those graceful green fingers.

We don’t do “winter” in Roatan…not the way you know it. We do winter our own way, filled with natural beauty and the sweet relief of knowing the only white stuff on the ground is soft powdery sand.

If you love northern winters, this island is not for you. But if you find yourself cursing and hating the cold winter months every year…well, you might just find Roatan to be your paradise.

Come escape the cold and join those of us who choose this tropical island lifestyle. We don’t do “winter” here in Roatan. See for yourself how easy life can be without those winter blues!

I’m happy to help you find your dream home here in warm, sunny, tropical paradise. I don’t regret my move here for one second…and I’m confident you’ll love this island, too. Get in touch and let me know your plans

Roatan Hilltop Homesites for Sale

We currently have some fantastic lots for sale on the island that just might intrigue you. I selected 6 Roatan hilltop homesites for sale right now that I think are all amazing deals. Have a look for yourself!

West Bay: 0.26 Acres at $99,000

This ocean view lot is located in West Bay’s Latitude 16, a small development located between Lighthouse Estates and Turtle Crossing.  Enjoy cooling tradewinds, utilities, road, no HOA fees, and amazing access to world-famous West Bay Beach from this easily buildable lot.

White Rock: 0.30 Acres at $139,900

White Rock’s Lot 9C is a beautiful building lot with dramatic panoramic views of the Caribbean Sea and surrounding reef plus the island’s lush verdant hills. The lot is tiered with a gentle slope offering a great building site.  All White Rock residents enjoy an off-site swim/snorkel dock. Interior roads are paved in concrete with underground utilities. Sandy Bay is a very popular residential area; its convenient location offers easy access to the airport, shopping, and main tourist areas and attractions.

Turtle Crossing: 0.34 Acres at $149,000

This beautiful tree-lined lot with a gentle slope overlooking the ocean is at the top of the Turrets neighborhood in West Bay. Plenty of space to build a nice home with great views of the sea, Cayos Cochinos, and the mainland Honduran mountains. This lot also receives a nice breeze. Great neighborhood for a vacation home, second home, or a rental property. HOA yearly fee of $1125 provides pool maintenance, security, and garden work in the common areas and around homes.

Lawson Rock: 0.80 Acres at $149,000

Stunning ocean views from this hill side Lawson Rock Lot 29. Enjoy all the 5-star amenities that Lawson has to offer: 24 hour security, highly coveted landscaping, community pools, beach access, and much more. Conveniently located only 10 minutes from the tourist activity of West End Village and only 10 minutes from Roatan’s international airport. 

Pristine Bay: 0.19 Acres at $195,000

A rare opportunity to own a homesite in the coveted Phase 1 section of Roatan’s most upscale development: Pristine Bay. Located right on the golf course with beautiful panoramic Caribbean Sea views beyond the vibrant greens. The lot is already fully serviced with a paved road, power, and water. Pristine Bay’s amenities include the world-class Pete Dye 18-hole Black Pearl golf course, restaurants, beach, pools, 24-hour security, and a well-appointed beach club.

West Bay Road: 1.5 Acres at $199,000

This expansive hilltop lot offers breezes and stunning views of the Caribbean Sea and mainland mountains below. Situated at the popular viewing area where cruise ship passengers and tourists stop daily, this 395’ of road frontage is ideal for shops, restaurants, tour agencies, and parking. The terraced lower part of the property, with existing road, contains attractive home sites and sea views, while being surrounded by old growth trees.

You can always explore all Roatan real estate listings here on the Roatan MLS, or head directly to the homesites and lots listings here on my website.

Did any of these hilltop homesites appeal to you? Let me know and let’s arrange a visit so you can see this natural beauty in person.

Roatan Real Estate Terms to Know

Doing business in a foreign country can be confusing. That’s where a local real estate agent steps in to help. Let’s go through some Roatan real estate terms to know so you have an idea of what to expect with your real estate transaction.

Terms are given alternatively in English and in Spanish; most legal matters seen by real estate agents in the Bay Islands are mixed and are loosely translated in private sales agreements.

For general FAQs on Roatan real estate, check out my buyer’s info here, seller’s info here, and Roatan real estate FAQs here.

Roatan Real Estate Terms to KnowRoatan Real Estate

Dominio Pleno: This is the title issued by the municipality to an individual who does not have valid title but has been living on or in possession of the property. The individual must petition the municipality for it and pay 10% of the value of the property. (Some proof of ownership is usually provided).

Public Document: “Escritura Publica” transfers the title before a Notary, in which one party sells, donates, grants, trades, or in any way transfers titles and another party pays and/or accepts the transfer.

Protocolo/Protocol: The continuous book of public documents kept by a Notary during a fiscal year. Sent yearly to the Supreme Court Secretary to be kept as a public record.

Antecedent: The public document from which you receive your current title. This is the public document that enables you to register your title and on which the marginal annotation for transfer of the current title has been written. It’s the chain of title that exists on any given document and must appear on a public document in order for it to be recorded.

Cadastral: The municipal land office that handles the survey and measurement of all property within its delimitated territory.

Certificate Cadastral Map: Survey issued by the land office at municipality on property submitted to registry.

Survey: Map of property, which must accompany documents to registry and can be made by an engineer or by the cadastral office and it usually done by both.

Meets and Bounds: Measurements and boundaries, usually referring to the polygonal data on map or survey as well as indicating neighboring property and owners.

Easements: Right of passage, conduits. Commonly known in Honduran legislation as Servidumbres.

Horizontal property: Special regimen that buildings such as condos and apartments are subjected to. Special document must be prepared to subject property to horizontal property regimen and all covenants and restrictions must be stated as well as managements and common areas and all regulations to which each owner will be subjected.

POA: Power of attorney- Power to represent another individual or company, in Honduras done before a Notary in Escritura Publica, when done overseas, it must be authenticated by a notary and carry an APOSTILLE or be authenticated by a Notary at a Honduran Consulate abroad.

APOSTILLE: Certification issue by one of the subscribing countries of the 1961 Hague Convention that validates a document issued by one of the other subscribing members of said convention. International agreement to validate documents originating in and destined to subscribing countries.

Other Roatan Real Estate Terms to Know

Title Opinion and Title Searches

The age of a document is not a determining factor, only public documents done before a Notary, a Titulo Supletorio petitioned before a court of law or Dominio Pleno issued by a Municipality can be registered.

Transfer of title: Only “Public documents” (any of the above) can be transferred by a public document. You must have a public “Registered” document to transfer the same rights in another public document.

Title search: The registry of documents in Honduras is public, meaning the public (any ordinary citizen) is able to see all documents that have been filed and registered at said office.

The chain of the title is what you will be looking at to determine:

  1. Liens, easements, mortgages. These are of interest to real estate agents, as they determine the value of the land and what other documentation is required to deliver a clean title.
  2. If the title has been transferred from a public document (which was not always the case) or if by Titulo Supletario or Dominio Pleno.
  3. How far back the title goes and how many times the title has legally changed hands.
  4. In the event the lands are owned or were owned by a corporation, who owns the corporation and who is the representative of the corporation.

Different Ways to Transfer a Title

Sale outright: Tradición de Dominio por compra-venta. One party selling, one party buying, sale price is paid.

Sale of share in a corporation that owns property. Transfer is then of the company and not the property, but amounts to the same thing as the partners who own the property change.

Permuta: Trade: Exchanging the property for another of estimated equal value, or for another object.

Dacion de Pago: Property can be given in lieu of payment of a debt.

Donation: The person or entity that owns the property donates it to another, free of charge or in exchange for services or rights retained on said property. Take caution with these transfers, as they are revocable under a special clause called “ingratitude”.

Roatan Real Estate Inheritance Laws

There is a procedure that must be followed prior to the transfer of property. The legal heir must first be declared as such by the court, known as probate if there is a will, intestate if there was no will, in which family is called to succeed by order of familiarity. Your attorney will handle this.

Always check with your own attorney for validity of inheritance – this can be tricky. There have been problems before as the law does not state that all relatives who have a right to succeed when there is no will must declare themselves heirs simultaneously, so the individual claims are registered at different times and property can then be sold off by only one heir.

I realize it can be confusing to do business in a foreign country. I’m here to help facilitate the process easily and seamlessly for you! Contact me with any questions any time.

Life in Roatan: Neighborhoods and Developments

If you’re considering moving overseas, there are so many considerations to take into account in your planning. Let’s cover some of your Roatan FAQs more in-depth. Today, we’re talking life in Roatan: neighborhoods and developments.

Moving to Roatan can be a life-changing experience for you. Slow down, appreciate the beauty of nature, and explore a whole new world in the Caribbean.

But island life isn’t just a one-size-fits-all experience. You might envision a sprawling sea view from your quiet hillside home, while another person might picture a luxurious condo with plenty of amenities for an island-style retirement.

Life in Roatan: Neighborhoods and Developments

Roatan Neighborhoods and Developments

There are many different areas on the island of Roatan that can be broken into neighborhoods and developments for easier recognition.

First, there are two municipalities on the island: Roatan and Santos Guardiola. The municipality of Roatan is the western half of the island from French Harbour to West Bay. The municipality of Santos Guardiola is the eastern half of the island from First Bight to Old Port Royal.

Within each area, you can find more developed and less developed neighborhoods. But, generally speaking, the eastern half of Roatan is much less developed and more rural than the western half.

There are also many planned developments and communities in Roatan that have grown in recent years. Let’s break some of those down, alongside some of the popular neighborhoods for expats.

Popular Roatan Neighborhoods for Expats

Expats tend to look at several popular neighborhoods in Roatan. Primarily, those popular areas are Sandy Bay, West End, West Bay, Pristine Bay, Palmetto Bay Plantation, Keyhole Bay and several neighborhoods on the East End. Those include Parrot Tree Plantation, First Bight,  Punta Blanca, Calabash Bight,  Camp Bay, Calabash Bight and Politilly Bight, among others.

Within the western half of Roatan, you’ll find many neighborhoods with lots of real estate listings appealing to expats.

If you’re looking for houses in Roatan, take a look at Turrets, Turtle Crossing and Lighthouse Estates in West Bay overlooking the point of Roatan. You can also look at some neighborhoods along West Bay Road, including around Tamarind Drive.

Other neighborhoods with plenty of houses include Mangrove Bight and Gibson Bight, Sandy Bay, and the Lawson Rock community, which includes both condos and houses.

You’ll also find plenty of opportunities for condos or apartments throughout the western half of Roatan. There are many options in West End and along West Bay Beach in particular, in addition to the Lawson Rock community in Sandy Bay.

Developments in Roatan for Expats

Expats also tend to love the many planned developments and communities in Roatan. You can choose from the more luxurious options at Pristine Bay, offering a private beach, clubhouse, and the island’s 18-hole championship golf course.

Or enjoy the location of Lawson Rock in Sandy Bay with its appealing rental market offering snowbirds the perfect combination for an investment. These condo units especially frequently rent well as vacation homes, so you can come enjoy paradise for a few months each year, and then allow a property management company to facilitate the rentals throughout the rest of the calendar.

Keyhole Bay, just up the road from West Bay Beach, is another luxury opportunity for a quiet retreat from the crowds. Sunset Villas in West End is an incredibly popular neighborhood offering both residents and visitors walking access to all of the bars, restaurants, and activities of this vibrant community.

Parrot Tree Plantation and Palmetto Bay Plantation offer a variety of home options and are both centrally located for easy access to commercial French Harbour, including the brand new hospital based at Mega Plaza. They both enjoy great convenience while staying far off the main road and the tourist crowds.

There are other neighborhood developments with amenities, like Turtle Crossing and Lighthouse Estates in West Bay, that enjoy community pools and landscaping, in addition to security and utility set-up.

Where Should You Live in Roatan?

Your own situation is unique, so only you can decide what’s best in terms of location. But you should certainly consider several important questions.

Do you need to work or are you retired? If you require work and are seeking employment, you’ll need to consider the availability of jobs in reference to homes.

While Roatan is not a large island, the single main road is narrow and winding and can be very congested when cruise ships are in port. Commuting long distances is not ideal.

If you can work from home, then you probably need to just consider your access to reliable internet. Ask around and test speeds before committing to a lease. If you’re building or buying real estate, you can ask neighbors which company they use.

Then again, maybe you’re coming to Roatan to pursue a new opportunity as an entrepreneur! Take a look at our available commercial land and properties for ideas.

If you want to walk to restaurants, bars, shops, or activities, you should look at developments, or at the far western side of the island.

Living on the East End absolutely requires a vehicle, as the public transport is not as readily available without the high tourist volume the western side receives.

These are all considerations to take into account when choosing neighborhoods and developments in Roatan. The lifestyle you want will determine your search starting point, but you might have to compromise based on your specific circumstances.

Family Life in Roatan

If you’re moving to Roatan with your family, it’s also vitally important to consider everyone’s needs for daily life.

Schools, activities, job opportunities, and access to commercial areas are all considerations you should remember while looking at real estate opportunities.

There are many more schools available – especially bilingual private schools – on the western side of Roatan. French Harbour, Coxen Hole, and Sandy Bay all offer opportunities for expat kids.

There are plenty of activities for kids, too, from sports to arts to all the amazing water-based activities of island life. Check out programs offered by the SOL International Foundation to get an idea of community opportunities.

We’ll delve more into this and other considerations throughout my Life in Roatan series.

Be sure to check out the rest of my blog for more insights into real estate in Roatan, and never hesitate to reach out with any questions!

Land and Homes for Sale in Roatan

This month, I’m highlighting a few homes and a few lots that I think are excellent opportunities right now. All land and homes for sale in Roatan can always be viewed on the Roatan MLS. You can search all listings or limit your search results by selecting specific criteria.

Land for Sale in Roatan

These three lots each offer something special for the right owner. If you’ve been dreaming of building your own island home for a while, there’s no better time than the present to start making those dreams come true.

Roatan MLS 17-413

Barefoot Cay Resort is now offering home sites in the Barefoot Marina Village. This ocean-view lot boasts 0.22 acres framed by palm trees. Enjoy all the incredible amenities of the Barefoot Cay Resort community, including an on-site dive shop, restaurant/bar, gift shop, spa, pools, and some of Roatan’s best snorkeling and dive sites just offshore. This lot is listed at just $119,000.  ROATAN MLS 17-413

 

Located in the very popular West Bay neighborhood of Lighthouse Estates, this 0.24-acre lot offers a gentle slope and beach access, with low HOA fees to cover community costs. With world-famous West Bay Beach just a few minutes’ walk away, this quiet community enjoys convenience without the crowds. Take a look at this lot listed at only $219,777. ROATAN MLS 15-260

 

Roatan MLS 17-41

Adjacent to the popular Lighthouse Estates neighborhood is the equally desirable Turtle Crossing neighborhood. This lot offers its own private keyhole – a rare opportunity for this popular part of the island! This lot is not part of the HOA, but the opportunity to join is available. At 0.46 acres with its own keyhole, this lot will not stay on the market long! Have a look for yourself – it’s listed at only $289,000. ROATAN MLS 17-41

Homes for Sale in Roatan

These three homes for sale each offer you the chance to make island life your dream come true. Take a look at these options all listed under $300,000.

Roatan MLS 17-248

Sonrisa del Sol is a 2-bedroom/2.5-bathroom home in the beautiful area of French Cay. Located right on the water, this home comes with its own boathouse and dock, plus a large storage building that could offer additional profits. A separate studio apartment offers rental opportunities as well. This home is listed at only $259,000. ROATAN MLS 17-248

 

Roatan MLS 17-365

Palmetto Bay B-18 is a Balinese-style villa in the desirable Palmetto Bay Plantation neighborhood. Community amenities offer additional appeal, including a large stretch of beach, beautiful pool, on-site restaurant, and 24-hour security. This 3-bedroom/2-bathroom home is listed at only $269,000. ROATAN MLS 17-365

 

Roatan MLS 17-226

Villa Ana Sea Garden is a 4-bedroom/3-bathroom beauty in a fabulous location. Situated next to the tranquil Carambola Gardens just minutes from vibrant West End Village, this home is ideal for your new island lifestyle. As a duplex with two fully rentable units, you can choose to rent both or live in one while enjoying the income opportunity of renting the other. This perfectly positioned home is listed at just $287,500. ROATAN MLS 17-226

What do you think? Is your dream opportunity listed here? Get in touch and let me know what you’re looking for and let’s see if we can make your island real estate dreams come true.

Roatan Real Estate Information for Buyers

We’ve covered the costs for sellers in Roatan, so now let’s turn to buying. Here’s some Roatan real estate information for buyers so you feel prepared for the journey ahead…the journey that ends with your Caribbean island home dream coming true!

Roatan Real Estate Information for BuyersRoatan Realtor Jorge Chavez on Roatan

The first things to consider when buying real estate overseas are the legal questions. Can you purchase land or real estate as a foreigner? Do you require residency? What legal implications are there?

In Honduras, foreigners are able to purchase up to 3,000 square meters (approximately 0.72 acres) of land within 40 kilometers of the country’s borders or coastlines. That makes it easy in Roatan since you’re never that far from the sea!

If you want to purchase a property that exceeds the size limitation, you will have to form a Honduran corporation in order to do so. It’s not a complicated process and I’m happy to connect you with a reputable attorney to discuss your options.

Obtaining Honduran Residency

When it comes to buying real estate in Roatan, you have a few options to consider with residency. If you intend to reside here full-time, then obtaining your Honduran residency is obviously recommended.

If you are purchasing Roatan real estate for a second home or vacation home, then you might not require residency.

If you hold a Canadian, US, or EU-member country passport, you’re likely to be allowed to visit Honduras on a tourist visa for up to 90 days at a time. You won’t need to apply for the visa in advance; it will simply be issued upon arrival.

If your goal is to buy Roatan real estate to spend your winters here as a snowbird, then you can easily plan to spend three of those cold winter months in paradise instead.

If, however, you want to move here as a primary residence, you should apply for your Honduran residency right away. I’m happy to help you connect with the right local attorney to facilitate that process.

About Roatan Real Estate

Roatan is fairly unique in the region in that we have a Multiple Listing Service (MLS), which allows all potential buyers the chance to peruse all available inventory.

Because of this online real estate search system, you can be in the comfort of your current home while scanning all the options here in paradise. It makes it so much easier for you to find your perfect dream home!

After you find that dream home, and after we’ve negotiated the price with the seller, I will get you an exact closing cost quote from the attorney of your choice.

In Roatan, buyers pay all closing costs and sellers pay capital gains and commissions. Closing costs and any corporation formation costs are all paid at closing.

Once everyone approves the contract, you’ll have up to 10 working days to wire the 10% earnest money deposit to my escrow account. After you wire that earnest money, and as long as the seller meets all contingencies and terms of the contract, if you back out from the sale you will lose your earnest money deposit.

So let’s make sure you definitely want that property!

While you wait for the closing, I’ll assist the attorneys in getting the catastral certification – or the satellite registered plot – as well as an updated survey, the paid tax receipts, title documents, etc., to complete the closing.

At least a week before closing, you’ll need to wire the final funds, including the attorney fees.

The closing is done after the attorney completes the title opinion search, confirming that the land has a valid title with no unanswered questions. If there are any issues on the seller’s side with the paperwork, they must be resolved to the attorney’s satisfaction.

A final important consideration is in regards to estate planning. With your investment undoubtedly being in another country from your relatives and heirs, you’ll want to make sure your legal considerations are all handled.

Roatan Real Estate Financial Information

As a property owner in Honduras, It’s important to note the financial obligations you’ll have. You’ll need an RTN Number (Registro Tributario Nacional or Tax Filing Number) to do any business or legal transactions in Honduras, including the purchase of property.

Again, I’m always available to help to ensure all your legal obligations are met during the buying process.

Another financial obligation is your property taxes, which are quite low here in Honduras. Generally speaking, you can estimate around $4 per $1,000 of property value per year for taxes. That property value is determined by the deeded value cost or the catastral value, whichever is greater. The catastral value is what the municipal declares the property to be worth.

Those property taxes are paid annually in August at the municipal offices in Oakridge or in Coxen Hole. You can get a discount if you pay your property taxes in the first quarter of the year.

Don’t forget about Capital Gains Taxes as you consider your real estate purchase in Roatan!

Another consideration is customs duties, which are typically around 40%, so calculate that into your costs if you wish to ship large items from home.

Finally, financing in Roatan might be different than what you’re used to back home. Roatan banks don’t usually make loans to non-residents, and North American banks don’t usually make loans on foreign properties.

What tends to happen in Roatan is that buyers will take a second mortgage back home, or they’ll buy a property in full in Roatan after the sale of property back home.

Only you can know your financial situation, but I am more than happy to advise based on common practices in Roatan. Feel free to contact me any time.

If you’re ready to invest in your Caribbean island dream home, take a look at available properties on the Roatan MLS, or just get in touch and tell me your wish list. Let’s make that dream a reality!

 

Roatan Real Estate Seller Closing Costs

Roatan Casa Sol y Mar

Roatan Casa Sol y Mar

A common question I receive is in regards to seller closing costs in Roatan. It can be hard to navigate a foreign system and bureaucracy, so I thought it might help to pull together all of the Roatan real estate seller closing costs here.

If you’re considering selling your Roatan real estate, take a look through this list to be sure you’re prepared.

You can also check out my thoughts on why I’m the best realtor for selling your Roatan real estate.

And never hesitate to reach out and ask me questions directly – I’m always happy to help!

Roatan Real Estate Seller Closing Costs 

The following is an outline of what you can expect to pay when selling your Roatan real estate:

Real Estate commission: The standard commission amongst all Roatan real estate companies in the Roatan Realtors Association is 10%.

Capital Gains Taxes: If your property has proven any gain, taxes are set at 4%.

Survey: A survey of your property will usually cost between $250 and $300.

Catastral: Catastral is the deeded value according to the municipal government. You will pay usually between $50 and $80.

National Taxes: The Honduran National Government Tax Agency (CPAT) levies taxes related to the sale of real estate property up to 15%. The total taxable amount can vary based on the real estate company or agent you work with, so it’s best to clarify these exact costs up front. At RE/MAX, we charge from escrow, and only 20% of the total commission is taxable based on the final breakdown. Feel free to contact me directly if you want further clarification on this point.

RTN (Registro Tributario Nacional): Your RTN is your personal tax ID number in Honduras. If a new RTN card is needed, that price is between $100 and $200 to obtain it.

Attorney Fees: The attorney who calculates the capital gains will charge between $200 and $250.

Wire Fees: Outgoing wire fees are usually $45 per transfer.

POA (Power of Attorney): If you cannot attend your closing and instead use your Power of Attorney to process all closing documents, this usually costs $250. 

HOA (Home Owners Association): All current year fees must be accounted for, with costs prorated between the buyer and seller. These will obviously vary based on your home location and annual fees.

Other Considerations for Selling Roatan Real Estate

When selling your real estate, it’s not only the numbers that matter. Especially when looking at foreign-owned property, there are many other considerations to take into account.

For example, if you’re leaving the island and moving out of the country, you’ll need to consider the timing of selling your property and moving on. While you can provide Power of Attorney if you can’t attend the closing, that’s something you need to consider in your total selling costs.

If you do choose to attend after leaving, add in the expenses associated with travel to the island, accommodations, food, etc, all while you’re here.

You could also consider the idea of renting your property as a vacation rental, if that’s feasible for you. Vacation rental properties are incredibly popular in Roatan and could prove to be a solid investment.

Ask me for further advice; I will be perfectly honest about your specific situation and will try to help guide you in the best direction.