Introducing Paya Bay, an exquisite 3,425m2 (0.85 acres) parcel of land boasting a private white natural sandy beach spanning 195 feet. This idyllic property offers unparalleled opportunities, whether for a boutique hotel venture or the creation of three luxurious residential beach homes.
Location: Roatan Island is situated in the Western Caribbean, around 50 miles off the coast of mainland Honduras. It is well-connected with international flights from major cities and has regional flights from nearby countries.
Tourism Potential: Roatan Island is renowned for its world-class diving sites as part of the Mesoamerican Barrier Reef, the second largest reef in the world. It offers stunning white sandy beaches, sport fishing, island excursions, golfing, zip-lining, animal parks, and various eco-tourism activities. The island has established tourist areas with resorts, bars, and restaurants.
Climate: Roatan enjoys a pleasant year-round average temperature of 80-90 degrees Fahrenheit and is situated outside the hurricane belt. The rain season is short.
Growing Tourism Industry: Roatan’s tourism industry has been experiencing significant growth, with 1.8 million visitors annually and an average increase of 15.4% in the past three years. It is highly regarded as a top-rated tourist destination in the Caribbean, known for its beautiful beaches.
Investment-friendly Environment: Honduras provides a favorable investment climate for foreign investors, offering tax benefits such as tax-free import duty under the tourist law (zolitur law). The country supports investors with timely operating and environmental permits, and the government expedites the permit process. Additionally, land prices in Roatan have been steadily increasing at a rate of 11% per year, and the real estate market has shown a significant increase of 670% from 2019 to 2021.
Competitive Advantage: Compared to other Caribbean islands, Roatan offers lower market prices (50-80% lower) for real estate properties, making it an attractive option for investment. It is considered a safe and secure destination for tourists and is known for its affordability. The island has a strong appeal to buyers from Canada, the USA, and Europe.
Considering the island’s growing tourism industry, investment-friendly environment, and competitive advantages, investing in Paya Bay, Roatan presents an opportunity to tap into the island’s potential and capitalize on its attractiveness to tourists and buyers.
