May 7th, 2008
We’re back home from our latest trip showing islands and we’re just now starting to emerge from the mountain of emails and neglected tasks from the last 2 weeks!
We had a terrific trip and met several new friends along the way. We met our first client Brian in Placencia. After looking at islands, we had some time to do some fishing. Now we are by no means a fishing business, but boy do we love fishing when all the business is finished! Check out these pictures!
Brian Caught this great Barracuda
KT thought she would never be able to land this one. Her arms were noodles when the fish was finally in the boat.
Of course I caught the puny one!
Not bad for about an hour of trolling!
Next we met Bruno and his family. I wish I’d gotten some pictures during the bottom fishing we did that day but I was too busy fishing myself! It was great to see his girls get into fishing right off shore of their island!
From there we rushed to meet Dave and his family and friends. We had one day to fit in islands that were about 30 miles apart AND fit in some fishing too. Since Dave brought so many people, the boat was full and boy did we burn the gas! We managed to spend some quality time on a few islands.
Finally we met Joe for a quick re-visit of an island he’s interested in. I don’t have a picture of Joe so I’ll stick in a picture of another island we have coming soon! This one is a big secret but keep an eye out!
Videos coming soon!
We’re slowly figuring out how to edit and upload video so hope fully soon we’ll have some video of our listings. We’ll slowly bring them into each listing as we show the islands. But the first one is Hatchet Caye look for it soon!
Categories: Island Fun
May 3rd, 2008
Due to repeated requests by our clients and dreamers around the world, KT and I set out to find that ever elusive ultra cheap tropical island. This was no small task. These things don’t grow on trees folks… well OK, in a way they do. They grow around trees!
Now before you immediately reject this island, lets look at the investment potential. It’s been well documented that Mangroves collect sand and organic matter which slowly build as the tree multiplies over time. It’s not that far fetched to assume that this little patch of mangrove will eventually be a much larger island in say 50 years? So at the moment we have a little patch of mangrove that covers 100 square feet of land. What if that island grew at a rate of 15% per year? That’s not that much right? Trees generally grow at rates higher than that. In this case we’ll have an island that is roughly 3,300 square feet in 25 years and an impressive 108,000 square feet in 50 years. That’s 2.5 acres folks!
Paying $25K for 100 square feet of land could be considered a very expensive price but we all know that the smaller a piece of land is, the higher the cost per square foot. But does it really matter? After all, it’s a private island right? Your very own domain surrounded by a vast expanse of beautiful Caribbean Sea. It’s cheap if you ask me!
At the moment, a 2.5 acre island is worth in the neighborhood of $400k. Prices are appreciating rapidly with rates approaching 50% per year! However, It’s safe to assume that this rate of appreciation can’t go on forever so we’ll plan around a paltry 5% appreciation to find the value of our investment. This still gives us a fantastic return of $4,500,000.00!!!! You gotta admit, even a tiny island can be a very good investment.
But alas, this is all just theory because there is no titled islands this small. So we’re back to our same old boring business of shopping for that perfect island dream. What a bummer…
Categories: Island Fun
