Roatan, Honduras has been a popular destination for quite some time for expats seeking to find that special place in the sun. With an ever-increasing number of cruise lines making this tropical island a port of call, as well as an increasing growth in the number of resorts, investing in this Caribbean gem promises a modern day version of “buried treasure” for those willing to make the journey.
Mark Willobough
The real estate market in Roatan remains quite reasonable, even with demand for residential space increasing. The 2008 worldwide collapse impacted prices, which have been slow to recover.
7 Facts That Expats Want to Share About Roatan
There are many factors that go into picking one tropical location to live or invest in over another. Here are seven facts that expats have discovered which make Roatan a worthy option place to consider.
Getting There Is Easy
One of the most attractive features about Roatan is its accessibility. In addition to the large number of international cruise lines that make regular stops at Coxen Hole and Mahogany Bay part of their cruise itineraries, there are many regularly scheduled international flights from the U.S.
Living There Is Easier
Roatan is a destination that is made for expat living. The word “hurry” has no use; life is run on island time. In a real sense, Roatan is a prime example of an ancient observation: We do without doing and it all gets done.
Residency Is Easier Still
Obtaining a retiree residency on Roatan is very straightforward. All that’s required is showing that you receive income of at least $1,500 per month from a source outside of Honduras (such as a pension or Social Security) in order to qualify.
Size Does Matter – in All the Right Ways
Foreigners can actually own up to ¾ of an acre of land in their own name in Roatan. For larger parcels (such as those being purchased with an eye to development), setting up a Honduran corporation to hold the title, with the foreigner as administrator (and having all rights of Honduran citizenship), is a simple matter.
Wild or Mild – the Choice Is Yours
Roatan offers both the lively atmosphere of a tourist-driven community and a quiet Caribbean retreat. The West End Village, close to the Juan Manuel Gálvez International Airport, is the prime spot for nightlife, good restaurants, and a large number of resort properties. The eastern part of the island, known as Helene, is a nature lover’s dream and a perfect spot for those seeking to commune with nature in a more serene environment.
Separate but Connected
Although Roatan is an island, it is still connected to the outside world. Modern amenities such as high-speed internet, cable, and cellular services make keeping in touch with friends and family an easy task. With a number of ambitious public works projects, residents on Roatan can expect that the infrastructure will only continue to improve.
Katarina
A Real Potential for Finding Your Own Pot of Real Estate Gold
There is a wide variety of properties on Roatan that will appeal to the expat looking for a secluded tropical oasis, the retiree eager to start a new adventure, and even the innovator looking for investment potential. Below are some great examples of hidden gems that are waiting for you discover them.
One+ Acre Lot with Ocean Views If you’ve ever dreamed of building your own island escape, this 1.08 acre oceanfront property may be just what you are looking for. With water and electricity already on site, the location is ready for you to make your dreams into a reality. At $275,000, the potential of this lot is boundless; with enough space for a residence and garden, becoming a modern day “Robinson Crusoe” might be easier than you think.
Charming Lodge with Income Potential If the idea of owning and running your own lodge in a tropical paradise is the kind of challenge you are looking for, the Mariposa Lodge is a business opportunity that shouldn’t be missed. With seven individual suites, divided between three separate buildings and 20 acres of well-maintained grounds, the potential of a strong return on your investment of $450,000 is quite high.
An additional feature is the fact that financing is available, an option that is rare in the tropics. For twenty percent down, an intrepid entrepreneur can take five additional years to pay off the balance.
Luxury 3BD/4BA Condo in Lawson Rock For those seeking a modern condo lifestyle, with high-end furnishings surrounded by Roatan’s beauty, this $755,000, 3-bedroom, 4-bath jewel has everything that a discriminating buyer could want. Located in the exclusive Lawson Rock community, this unit has all the amenities one would expect to find in a quality residence.
The addition of a rooftop pool adds a dash of luxury that only enhances the tropical vibe of this island mecca. The large outdoor space makes this a perfect place for gatherings, celebrations, or just enjoying the laid-back living of Roatan.
Topridge Estates Lot in Sandy Bay It isn’t necessary to be rich to be able to afford your island dream. This lot at Top Ridge Estates, close to the West End, has electrical, water, and road access and comes in at a surprising price of $69,000.
With market prices still low, finding the ideal island getaway has never been easier. From lots waiting to be developed to luxury turnkey homes, the large inventory has something for everyone.
One Last Thing You Need to Know About Roatan
Perhaps the most important thing that you need to know if you are considering Roatan as an expat destination is that the best way to discover its potential is to visit it firsthand. Plan a trip and allow yourself to be seduced by the warmth of the Caribbean breezes, the relaxed pace of living, and the sense that this is a special place that could be your next port of call.
Thinking about investing in a second home? Retiring or going expat? Why not consider six spectacular places to live in Latin America?
Ingrid Khadijah
Why Should You Choose a Place to Live in Latin America?
For all the same simple reasons full-time expats and retirees flock to this part of the world. Simpler life. Tropical climate. Azure waters and gorgeous beaches. Jungle and mountains of unparalleled biodiversity. And growing numbers of flights from around the world.
You must be thinking, “Aside from the obvious, what else lures real estate investors to Latin America?”
Rich cultural heritage, pure beauty of nature, and simple lifestyle are truly magnificent. But Panama, Belize, Honduras, Ecuador, Costa Rica and Mexico have other ideal investment factors.
Why Do Investors Love Latin America?
These top emerging markets have healthy, growing economies. Construction and reconstruction are on the rise. Tourism, retirees, and expat numbers are steadily increasing. As a result, there are many fresh business opportunities. Generally speaking, there’s a robust need for rental properties.
Infrastructure improvements are a top priority. Internet access is typically a given. World-class hospitals and other modern medical facilities are available. Public transportation is solid.
New international airports are being built. Airline routes are growing. And visas and passports are easy to obtain.
Home prices are a real bargain. You can get a bigger house, a great location, and better views for so much less money compared to most other countries. You can find a modern two-story 3-bedroom/3-bath home with high-end finishes for $115,000.
The costs of living are low. In many places, a mere $2.50 will buy dinner at a local restaurant, and a couple can live really well on less than $2,000 per month.
Taxes, insurance, and utilities are low. And retiree incentives for expats are quite excellent.
So check out these six spectacular places to live in the Latin Tropics.
Cariberry
1. Ambergris Caye, Belize
“Best island in the world!” That’s what Trip Advisor readers said two years in a row. Ambergris Caye strikes a perfect balance between quaint and modern. High-rise buildings and traffic lights are non-existent. Locals, Latin immigrants, and expats from all over the globe traverse the island’s sandy roads barefoot or in a golf cart.
You’ll love exploring the diverse ecosystems around the island. From palm-lined beaches to mangroves, jungles, and reefs, you’ll never run out of things to do. Ambergris Caye is situated less than a mile from the second largest barrier reef in the world (Belize Barrier Reef). And one of the world’s top diving sites (Great Blue Hole). Scuba diving and snorkeling can’t get any better.
Can you imagine yourself sailing to the nearby cayes? Caye Caulker is a popular neighboring destination.
John Colby
2. Roatán, Honduras
Lonely Planet termed Roatán “pitch perfect.” The well-developed tropical setting offers an active lifestyle in a tranquil setting. Picture thirty miles of Carribean paradise with its own international airport, Juan Manuel Gálvez International Airport. Take your guests for a swim with the dolphins and sea turtles in Roatán’s warm Carribean waters.
Go sport fishing or kayaking. Explore shipwrecks, seawalls and Mayan artifacts. Scuba dive and snorkel in the nearby Belize Barrier Reef. And ferry to the mainland port of La Cieba in only an hour.
Take your land lover guests zip lining or ATV riding through the jungle.
Casey
3. Cuenca, Ecuador
Expats of all ages and from around the globe flock to Cuenca for its beautiful Andes mountain location. They’re lured there by Cuenca’s natural beauty, captivating colonial architecture, and 70-degree temperatures year-round.
Modern facilities and solid infrastructure make living here a charm. Among the breathtaking skylines, you’ll have the modern conveniences of pedestrian walkways, bike paths, underground parking facilities, and an excellent light-rail system.
State-of-the-art medical facilities combined with highly qualified medical professionals are added bonuses. And shopping malls, grocery and hardware stores, restaurants, and bars are plentiful in Cuenca.
Viva Tropical
4. Boca Chica, Panama
The Boca Chica economy is about to explode. Expansion at Enrique Malek International Airport (in David, Panama) will, for the first time, receive flights from major airlines around the world. A scenic 30-minute drive from the airport lands you in the serene little fishing village of Boca Chica. Picture rolling hills and secluded beaches. Sapphire waters and “emerald islands.” A so-called secret “tropical fantasy!”
How cool would it be to take a 10-minute boat ride to your home on Boca Chica Island? You’ll feel like you’re hours away from civilization. And you might even forget what day it is. But the truth is, it’s incredibly easy to get to.
There are no tourist traps on Boca Chica Island. Just unspoiled prehistoric nature. A place where locals and like-minded expats can still own a piece of heaven for a bargain.
Viva Tropical
5. Nosara, Costa Rica
Lonely Planet compared Nosara with Malibu and Oahu’s North Shore. Nosara’s surf-friendly beaches are some of the most beautiful in Costa Rica. Imagine dramatic rocky cliffs, tropical palm trees, and big expansive sand shores.
Internationally-recognized Nosara Yoga Institute made Nosara a popular travel destination with an enthusiastic health-conscious culture. Health food stores and organic markets are plentiful.
International schools with excellent academic and cultural programs make it ideal for raising a family.
Sean Savage
6. San Miguel de Allende, Mexico:
San Miguel is a UNESCO World Heritage Site. This interior city emerged from agriculture and industry to tourism and expat commerce. Although it has no beaches or blue waters, visitors fall in love with San Miguel’s cobblestone streets, rich history, and diverse culture.
The preserved colonial and Spanish architecture is truly breathtaking. And the “eternal spring” climate, combined with moderate costs of living and walkability, seals the deal.
You’ll enjoy roaming the vibrant art community and eclectic shopping venues.
Need you look further than these six spectacular places to live in Latin America?
Latin America provides an ideal lifestyle and perfect conditions for second-home investors, retirees and expats. Property bargains, benefits and amenities make your transition easy.
Take a trip down to see for yourself.
Karen
If your fantasies drift toward exotic real estate purchases, you may have dreamed of owning your own tropical island. The reasons for wanting to own an island are as varied as these properties themselves.
For some folks it’s the status. For others it’s the opportunity to own a boutique resort or exclusive guest house with no pesky neighbors. Maybe you’ve thought about developing an island as an investment property, or perhaps it just seems like an ideal location to swing your retirement away in a hammock.
Whatever the motivation, we’re here to tell you owning an island is actually within the confines of feasibility. And if you’re looking to do it for a reasonable price without a huge amount of red tape, you should definitely consider buying an island in Honduras. Here are six good reasons why.
Buying an Island in Honduras Is Simpler Than You Think
Honduras has a stable government that is the second oldest democracy in Latin America and is modeled after the U.S. government. As such, they are very encouraging of foreign real estate investors. Foreigners have been permitted to purchase property there since 1991.
While technically non-citizens can only buy three-quarters of an acre, for about two grand, you can set up a corporation in Honduras, and as the Administrator, you can purchase any size property and set up a Honduran bank account.
Buying an island in Honduras is pretty easy, provided you work with local Honduran real estate agents and attorneys and follow a few basic steps:
- Verify the property history on the property registry, and make sure all tax payments are up-to-date and the title is clean.
- Notarize the preliminary deed to the property. (The notary fee is 3-5%.)
- Pay the 1.5% transfer tax and the 0.15% registration fee at a bank.
- Register the property at a property office. Then the official change of ownership will be filed with the Cadastre office, and you will receive a publicly registered document to that effect.
As the seller pays the agent’s fee in this case, the total charge to the buyer is between 4.65% and 6.65%. The entire process of buying an island in Honduras takes a little more than a month.
Sometimes sellers will finance the property for the new buyer, as Honduran bank financing is only available to legal residents (see below) and citizens. If you own property in the States, it may be possible to take out a second mortgage or line of credit against that and use the cash to buy in Honduras.
Denise Clarke
Honduras Is Still a Bargain
Honduras is still a little bit of a secret in the tropics, but it won’t be for long. The market is starting to rebound after the global economic downturn, and real estate prices won’t stay this low forever.
While it may be tempting to make super lowball offers on properties, it’s best to check on a listing’s history first. If the price has already been drastically reduced, it’s likely the owner won’t go much lower. And if they paid cash for the property, they won’t be upside down on a mortgage and desperate to sell.
Do your homework and partner with a good local agent, and you’ll be able to find something that fits with your wallet.
The overall cost of living in Honduras is about one-third to one-half of the rest of Central America. Property taxes and utility costs are very low, and there is no income tax on money earned outside the country. This allows most investors to either buy more property and maintenance help for their money or to get by on a smaller income.
If you are willing to live like a local (isn’t that why you’re there in the first place?), buying an island in Honduras is an incredible bargain.
You Have Lots of Choices
Buying an island in Honduras is like being Goldilocks. If this one is too big and that one is too small, you can still count on finding one that’s just right with the variety of properties available there. From tiny uninhabited atolls nestled in sapphire waters to fully developed luxury paradises, there is something for everyone. While there are always homes and parcels listed on the bigger Bay Islands, if you really want an entire island to yourself, it can be done.
Kristin Klein
The Residency Requirements Are Friendly There
As you would imagine in a country that makes it so easy for foreigners to buy property, residency requirements are quite straightforward and achievable too. While you don’t need to have a residency in Honduras to own property there, it’s generally recommended.
Establishing residency only takes about 3-6 months via the Honduran Embassy, after the usual fees and checks for identity, health, and criminal background. It can be done for a little over a thousand dollars, and you can get a visa in one of five categories:
- Residente Inversionista: if you intend to invest in Honduras
- Residente Rentista: if you are retired at a certain income level
- Residente Pensionada: if you are retired at a lower income level
- Working Residency: if you are employed by a Honduran business
- Family Residency: as a spouse or parent of a Honduran citizen
Residency categories and income qualifications change periodically for all Latin American countries, so check with the nearest embassy for the most up-to-date requirements.
Chris
You’ll Make Everyone at Home Jealous
Don’t underestimate this one. How cool is it to have your own retreat from the world with complete privacy and control over your entire environment? And buying an island in Honduras will likely cost you less than a nice pied a terre in Manhattan or a flat in Kensington.
You can feel like a kid again exploring the wilderness and living in a cabin with no electricity, or you can build the palace of your dreams. Either way people will hate you. Then they’ll suck up to you so they can say, “I’m going to spend the week visiting friends in Honduras. Did I mention they have their own island?”
Honduras Is Wide Open for Business Opportunities
Just like with the real estate market, this is a terrific time to set up business in Honduras. The tourism industry is burgeoning there, and opportunities abound for people to cater to it. Anything to do with leisure time there is sure to be a hit: snorkeling or scuba diving (Honduras, like Belize, is part of the Mesoamerican Reef), fishing, boating, riding, or golfing, to name a few.
If you want confirmation of how popular Honduras is becoming, just look at how much cruise ship activity has picked up there. Industry leader Carnival even developed their own beach on Roatan for passengers. These floating villages bring thousands of people to Honduras every time they dock, so there is an infinite supply of new customers for many types of businesses.
Whether you’re seeking a stunning retirement locale or a place to start a second, completely different career, buying an island in Honduras can make it possible. Put it on the radar for your next vacation, so you can fly down and see for yourself why it’s consistently on many top ten retirement destinations. You may like it so much you’ll regret having bought a return ticket.
David Rivera
What makes a destination a great place to live? Is it the place with the most pleasant surroundings? The lowest cost of living? Or even the healthiest and happiest people?
In compiling my list of the best places to live in the world, I took into consideration all of those factors. Plus some others I’ll mention as we go. And the common denominator among all ten of my top destinations is that they’re all in Latin America.
liveandinvest
Why? Because the countries just south of the U.S. border have so much to offer in terms of natural beauty, authentic culture, unrivaled quality of life, and a heck of a lot of bang for your buck.
That’s why these ten best places to live in the world are becoming home to an increasing number of North American expats each year. Because when it comes down to choosing a place to actually settle down and dive into the local culture and become a part of the expat community, you just can’t beat these ten destinations.
Boquete, Panama
Panama consistently ranks among the top retirement destinations in the world, taking top billing again in 2014. And Boquete is its crown jewel, claiming more North American expats than anywhere else in the country, with the exception of the capital of Panama City.
Yet even with its status as a top expat hotspot, it still maintains a small-town feel, due in part to its quaint mountain setting and friendly locals. It’s also home to pretty much any type of business or service you could ever need, thanks to a long-standing expat presence.
Surrounding Boquete are cloud forests, coffee farms, rivers, and numerous other natural landscapes that offer a wealth of activities for the adventurous expat. The area enjoys spring-like temperatures all year, with frequent showers that produce almost daily rainbows.
The cost of living is low, although it’s slowly climbing as more and more expats settle in the area. With fantastic infrastructure and a lot of modern developments, it’s still a great value. Panama is also a favorite destination due to its attractive retirement program benefits for those who qualify.
Cuenca, Ecuador
Cuenca is another mountain town with a large expat community, and for good reason. It’s known for its rich culture, which includes its colonial architecture and a lively art and music scene.
Ecuador also boasts one of the lowest costs of living in the Americas. You can plan to spend less on everything from fresh produce to a renovated condo in the bustling downtown area.
Cuenca is home to a number of universities, making it a hub for international students. It’s also a great, safe place for families with its excellent education and health care options.
There are also plenty of great restaurants, bars, shopping centers, and all of the other creature comforts you’d expect to find in a metropolitan city. Yet it enjoys the same slow pace of life you’ll find throughout Latin America. It’s the best of both worlds.
Though it’s recognized for the terra cotta roofs and blue church domes that dots its city skyline, the area around Cuenca is equally breathtaking. It sits at the convergence of four rivers and is surrounded by mountains, offering plenty of opportunities for outdoor adventure.
Tierra Magica
Nosara, Costa Rica
Nosara is the perfect example of what happens when a city is founded with a plan and the residents remain committed to that vision for decades running. Once used for grazing cattle, the land in and around Nosara has been developed very intentionally, and the results are really remarkable.
No high rise condos block your view of the beautiful sunsets on Nosara’s pristine beaches. Numerous conservation efforts and organizations work to maintain the area’s natural surroundings.
Nosara is known for its surfing, yoga, and healthy lifestyle options. It’s also a great place for families. It’s safe and has several really good schools.
And Costa Rica’s laid-back lifestyle easily adds to the reasons Nosara is one of the best places to live in the world. The locals are incredibly welcoming, greeting residents and visitors alike with the phrase “pura vida” (pure life) that’s become a motto of sorts for the country.
Nosara has a good-sized expat community, as well as the established infrastructure and development you’d expect from such a world-class destination.
Steve D.
Roatan, Honduras
The largest of the Bay Islands, Roatan is a great choice if island living is what you’re after. With plenty of development and consumer options, as well as an airport with direct flights from the U.S., there’s little need to ever leave the island.
There you can enjoy every imaginable aquatic adventure. From sailing to sport fishing to kayaking through the mangroves, it’s all possible in Roatan. Just off the coast you’ll also find access to the world’s second largest reef system, which makes for some incredible snorkeling and scuba diving.
Because it hasn’t quite yet reached the popularity of some of its Latin island counterparts, Roatan is still a bit more affordable. However with its growing tourism industry, including frequent visits from cruise ship passengers, Roatan’s appeal is being discovered by more and more would-be expats each year.
Despite its growing population Roatan still offers some off-the-beaten path areas that offer plenty of solitude, including a few villages that still don’t have electricity.
VivaTropical
Boca Chica, Panama
Another Panama destination has made the list, thanks to its attractive retirement benefits and amazing investment opportunities. Boca Chica is an island destination that’s still relatively unknown but has the potential for tremendous growth in the coming years.
Located in the Gulf of Chiriqui, it consists of a mainland city and an archipelago of over 50 islands, many of which are completely uninhabited. Residents of Boca Chica can spend their days exploring otherworldly islands covered in rainforests, mangroves, and even white sand beaches.
And because of its convenient location, those same adventurous expats can then take a quick shower and drive 45 minutes to enjoy a first-rate steak dinner in a world-class restaurant in the nearby city of David.
It’s this strategic location, combined with a whole host of ongoing infrastructure improvements, that makes Boca Chica real estate such a great investment.
An airport expansion that’s now bringing in direct international flights is among one of the biggest value-adds the area has seen. Folks can now fly in to David from anywhere in the world and find themselves in Boca Chica in under an hour.
P. Schenll
Granada, Nicaragua
Granada is another colonial city that’s absolutely brimming with culture and charm. Horse-drawn carriages still dot the cobblestone streets. If it weren’t for the freshly-painted tropical colors on the historic buildings, you might think you’d stepped back in time.
Well, that and the modern amenities available in the city, a stark contrast from the wilderness that occupies most of the rest of the country. In what’s a mostly underdeveloped country, Granada offers things like reliable utilities, four-star restaurants, and state-of-the-art fitness centers.
It’s located on Lake Nicaragua, one of the largest freshwater lakes in the world. It’s also surrounded by several volcanoes, so plenty of opportunities for exploration abound.
Granada is a town that fought its way back from near demise due to bankruptcy and other issues, but you’d never know it today. Instead, modern-day Granada is abuzz with construction projects and up-and-coming developments.
Granada real estate is extremely affordable, as is the cost of living in the country. It’s home to a number of expats, many of whom are involved in humanitarian efforts in the surrounding impoverished areas.
Ambergris Caye, Belize
If you want to feel like you’re on vacation 24/7 then look no further than the island of Ambergris Caye. Due to its status as a tourist mecca, it’s ripe with all kinds of activities and attractions.
There are surf shops and scuba schools, beach-side restaurants and bars, and plenty of flip flops and floral shirts. In fact, most of the island’s inhabitants are foreigners, particularly those who operate enterprises geared towards other expats and visitors.
The large expat community isn’t the only thing that makes Ambergris Caye feel familiar. Because Belize was originally a British colony, it’s the only Central American nation whose residents rely on the British legal system and speak English as their official language.
Among the biggest perks of the island are that it’s an ocean lover’s dream. Thanks to its proximity to the Belize Barrier Reef, the second largest in the world, it’s the perfect place to enjoy scuba diving, sailing, and sport fishing. You can also explore the more than 450 other islands that lie off the coast.
Antigua, Guatemala
If you’re looking for a place that’s a little less popular among expats and tourists, then you should definitely check out Antigua. It’s a well-preserved colonial city nestled in between some amazing mountains and volcanoes, which make for an impressive skyline.
Because it’s not as highly sought after as some of the other destinations on the list, the cost of living in Antigua is probably a little less than in some of its Latin competitors. Real estate is a great bargain, as are essentials like fresh fruits and veggies and utilities.
With the low cost of living, it’s also possible to splurge on luxuries such as domestic help, which at only $2 or $3 per hour is something many expats are thrilled to find that they can afford when they relocate to the tropics.
In addition to the mountainscapes, Antigua is also decorated with beautiful flora and fauna, as well as the cobblestone streets and other charming touches you’d expect in an ancient destination.
Equipped with just the right amount of infrastructure, Antigua is also known for its Spanish language schools.
Phil
Placencia, Belize
If you like Belize but aren’t crazy about the gringo-saturated island culture then the mainland city of Placencia is another place worth the title of best places to live in the world. If the islands are like living on a resort, then Placencia is like relaxing on a postcard.
The beaches are wider, whiter, and less crowded than in places like Ambergris Caye. There are still plenty of activities to enjoy, but there are also more places to spread out or even find a secluded spot all to yourself.
There’s also a more authentic Caribbean vibe on the mainland, which many expats prefer. It has an even more laid-back atmosphere (if that’s possible), with not even so much as a paved road anywhere in town.
As opposed to the expat-run businesses on the island, the locals are very involved in commerce in Placencia. They even offer guided diving and fishing excursions to visiting foreigners.
Plus, since Placencia is on the mainland, it’s also close to a number of activities suited for the land lover, like jungle exploration and archaeological sites.
Alex Torres
Lake Chapala, Mexico
Understandably Mexico is home to more U.S. expats than any other country. And, other than the border town of Tijuana, the majority of those live in the Lake Chapala area. So suffice it to say that 40,000 U.S. expats would agree that this city is one of the best places to live in the world.
Mexico’s largest freshwater lake, Chapala was once planned as a luxury resort town. It serves as a weekend getaway for locals from Guadalajara and has attracted expats for decades, including Tennessee Williams who chose it as the site from which to write A Streetcar Named Desire.
In addition to the beauty of the lake and surrounding mountains, Lake Chapala offers an ideal climate year-round. It’s also famous for its mariachi music.
Which of the best places to live in the world is right for you?
So if stunning scenery and adrenaline-pumping adventure are your thing, there’s a place on this list that’s right for you. If sustainable living and a relaxed vibe are what you’re into, there’s a destination where you can find those as well.
I’ve done the hard part by laying out the ten best places to live in the world. Now all you have to do is narrow it down.
You may think that owning island property in the Latin tropics isn’t possible within the budget you’ve set for your expat home abroad.
Prepare to be pleasantly surprised.
It’s true that, due to its high demand, island property may tend to run a little on the pricey side. (After all, there is only a finite amount of it available.) But, depending on the level of development and the number of amenities you’re seeking, it’s entirely possible to find remote real estate to fit any budget.
In fact, check out these 10 places you can own an island, or at least a nice-sized chunk of one, for $500,000 or less.
Alligator Caye, Belize: $99,000
Just reduced from $169,000, this property includes 10.7 acres on the southern end of Alligator Caye. It’s off the coast of Belize, slightly north of the town of Dangriga. The Belize Barrier Reef, the second largest in the world, lies just a few hundred yards in front of the property.
It can be reached by boat in 30 minutes from Dangriga or just 45 minutes from Belize City. A lagoon on the back of the island, to which the property has access, offers sheltered boat mooring.
This completely undeveloped island is a blank canvas in a popular area near the country’s largest tourist attraction, the reef. The area has been designated as a World Heritage Site due to its ecological importance. It’s also a great spot for fishing.
Boca Chica, Panama: $199,000 – $449,000
Video of a Glass House for Sale on Boca Chica Island
Boca Chica Island is a gem of a destination located just off Panama’s Pacific Coast in the Gulf of Chiriqui. Surrounded by over 50 mostly uninhabited islands, as well as some of the world’s best sport fishing, it’s currently one of the hottest places in the country to buy property. And it’s our only island project.
This is due largely in part to the newly expanded international airport in David, a number of other large infrastructure projects, and some really incredible scenery. It’s a beautiful place to call home, and it’s an even better place to invest in real estate.
There aren’t a ton of lots still available in the island’s Adventure Colony development, but what’s left is still a great bargain. You can get three acres full of old growth coconut trees, with a level spot that’s already been cleared for a home site, for only $199,000. It sits at the corner of a sandy beach and offers access to a private dock, as well as its own fresh water well.
Also on the island is a contemporary home with three bedrooms and two baths that comes complete with a fully modern kitchen, a solar power system, premium finishes, custom furniture, and air conditioning throughout. Its private dock is right in front of the home, which sits on .75 acres.
It also has a freshwater spring, a large storage bodega, and mature fruit trees. There’s even a caretaker who can continue to provide service to the property if you so choose. All this can be yours for only $449,000.
Belize Tropical Caye
South Saddle Caye, Belize: $300,000
Located off the southern tip of larger Saddle Caye, this island property offers a whopping 2.3 acres, making it a steal of a deal. The island has tons of coral along its southern and eastern shore lines.
On the eastern side, there’s a steep drop-off to over 50 feet, making it great for snorkeling. The western side has a shallow entrance that slopes quite gradually and is perfect for swimming in the beautiful water that’s characteristic of the area.
The western shore also has a great sandy area that would make a great beach after a bit of much-needed clearing. There are large black mangroves in many spots across the island, indicating a solid footing for building.
View from Cay, Satanoid
Secret Island, Belize: $350,000
Located just seven miles off the coast of Belize, Secret Island is a Caribbean getaway that offers loads of potential. At 2.5 acres, it offers plenty of room to build a few houses. There’s also a great beach and a deep cove to allow for a dock.
You would likely need to sand fill the island, in order to have a solid base for construction. Since it’s close to the mainland (roughly a 20-minute boat ride), the transport of building materials would be relatively simple.
The island’s landscape is remarkable with red and black mangroves surrounding it. The water is shallow, only knee deep at 30 yards out in some places. The island offers views of the mainland, as well as several other islands that are within a mile away, and the entire area is a UNESCO World Heritage Site.
Island in Lake Nicaragua, Kristian Golding
Granada, Nicaragua: $350,000
This small island is located in Lake Nicaragua, the largest freshwater lake in Central America. At just under a quarter of an acre, it has just enough space to hold a large three-bedroom, four-bath home and gardens with mature coconut trees.
The home has several terraces and a system for heating water from the fresh water well. There’s also a caretaker already on staff. The home is just five minutes from the nearest dock and 45 minutes from the capital of Managua.
Turneffe Point Caye, Serge Melki
Turneffe Point Caye, Belize: $350,000
With a whole acre to develop as you choose, this island on the north tip of Turneffe Atoll is a real bargain. It’s protected by the Belize Barrier Reef, which lies just 500 yards away. As a result, the water around the island is calm, even on the windiest of Caribbean days.
For access, the island is 28 miles away from Belize City, making it the perfect secluded destination. In addition to exploring the reef, it’s also a great spot to enjoy flats fishing.
Isla Paloma
Isla Paloma, Panama: $400,000
This .25 acre island is located in the peaceful Isla Paloma off Panama’s Caribbean coast, near Bocas del Toro. It has a white sand beach and too many varieties of fruit trees to name. It’s surrounded by a shallow lagoon and mangroves that help protect the island from erosion.
There’s little tide fluctuation and no history of hurricanes in this area. The island enjoys a mild tropical climate (averaging around 80 degrees). It’s also fully self-powered with its own water source, allowing for the possibility of year-round living or use as an income property.
The home itself has two bedrooms and one bath, plus a loft space. It’s fully furnished and includes all kitchen equipment, electronics, linens, and decor. Outside there’s a beautiful garden, party shack, and swim dock for entertaining.
The boathouse has five boat slips (two covered) and includes a 26′ panga style boat with an 85 hp Yamaha engine. There are also water sport toys and equipment, such as skiis, snorkel gear, ropes, life jackets, and a canoe. The separate workshop also comes with all the hand and power tools you’ll need to keep up the property.
Supplies can be obtained from the local town of Loma Partida, which has groceries, hardware stores, restaurants, and some activities. The nearest regional airport is 25 minutes away.
Roatan, Honduras: $469,000
Located on the popular island of Roatan, this property includes a well-constructed two-bedroom home, plus a separate apartment, that’s the perfect place to launch your very own sport fishing or aquatic excursion company. In fact, the current owners have already laid all the groundwork for a successful tourism operation.
The home includes high end finishes and an updated kitchen with modern appliances. There are two more bedrooms in the lower level apartment that has its own private entrance and patio.
As if this weren’t enough, the home also includes a tricked out boathouse, complete with a full kitchen and barbecue area, four private docks, and plenty of areas for lounging. There are two boat lifts, an overhead deck, and tons of storage.
If a tourism business is in your plans, the owners have their successful charter business for sale. Other income options include rental of one of several boat slips or of the downstairs apartment. The possibilities with this property are literally endless.
Bocas del Toro, Jacob Kirkland
Isle of Navarro, Panama: $500,000
This island is located out from Dolphin Bay near beautiful Bocas del Toro. In addition to the generous nine acres of dry island, there’s also a 2800 square foot house that’s built out over the water in the popular style of the area. There’s also a separate residence that can be used for guests or a caretaker.
The island is covered in lush vegetation, which includes pineapple plants, coconut palms, orchids, and banana and papaya trees. It also comes with a 26′ boat with 40 hp motor as well as two generators for power.
Among its other amenities include the island’s proximity (only five minutes by boat) from Bocas del Toro, the country’s top tourist destination.
Nicaragua Island, Steve Summers
Pink Pearl Island, Nicaragua: $500,000
One of the Pearl Cays, this two acre island is only three miles off Nicaragua’s Caribbean coast. Although it could also work as a private personal retreat, the property is currently being used as a tourist business, making it the perfect turnkey property for the entrepreneurial expat.
The options are endless, as the area is great for both sport fishing and scuba diving. It’s a beautiful piece of property with turquoise waters and white sand beaches. It’s protected by the surrounding reefs and other islands and covered in lush flora and fauna.
Structures on the island include three cabanas, each with two double beds and a private bath, an eight-person bunk house with shower room, and a circular main house with a downstairs kitchen and living area and an upstairs master suite with a balcony that offers 360 degree views of the island. There’s also a restaurant/bar with bamboo tables and chairs and a workers’ cabin with kitchen and bedroom space.
The island is easily accessible by boat, but you can also charter a helicopter from Managua or the nearby Bluefields or Corn Islands. There’s a pier on the front of the island, and the purchase includes a 25′, 150 hp speedboat, “The Black Pearl.”
Other features include a heart-shaped swimming pool and a small bamboo beach shower. The property is powered by a 5500-watt generator and is wired for cable and phone service.
So, don’t give upon your dream of owning an island just yet. Check out our island real estate listings to see what’s available, or ask us how we can help.
M+M Photographers
If the country’s crime rate is the thing that’s keeping Honduras real estate off the list of properties you’re considering abroad, then I have some good news for you.
It’s not that the Honduras crime rate is lower than what you’ve heard. (If anything the situation is probably way worse.) But fortunately, the problem areas are all a considerable distance from where you’ll find the most desirable Honduras real estate.
So just how bad is crime in Honduras?
I’m not going to sugarcoat or gloss over the statistics. Honduras has a very real crime problem. In fact, it has the highest rate of intentional homicide in the entire world, at 82 out of every 100,000 people. That number is even drastically higher than neighboring El Salvador which, as the second highest homicide rate, only experiences 66 homicides per 100,000 deaths.
There are a number of factors that contribute to these high rates of crime and murder.
For starters, the country is extremely poor. Its education system is only so-so, and it experiences a high rate of unemployment. Gangs are common, particularly among youth, and the apprehension and conviction rates of offenders is low.
One of the largest contributors to the country’s crime problem is its role as a major drug route to the U.S. The illegal drug trade in Honduras is prevalent and has gained steam in recent years following the 2009 coup d’état of then president Manuel Zelaya, at which point the U.S. suspended anti-drug support.
What are the areas to avoid?
Despite the crime problems that do exist, potential expats and visitors to Honduras will be happy to know that these conditions are not homogenous throughout the country as a whole. In fact, there’s a stark difference between mainland Honduras and the Caribbean islands, which are the areas most frequented by travelers.
That’s not to say that crime can’t happen anywhere. It can, and it does. No place in the world is exempt. But in general, there are two major areas to steer clear of when traveling in the country or shopping for Honduras real estate.
San Pedro Sula
With the highest murder rate on earth, as of 2014, San Pedro Sula is the country’s second largest city. Located near the country’s Caribbean coast, its homicides recently topped that of Ciudad Juarez, Mexico, another city that’s plagued with crime related to drug and gang activity.
It’s home to Ramón Villeda Morales International Airport, so visitors flying into the country’s mainland are advised to use caution when traveling. Busloads of tourists have been known to fall victim to robberies, sometimes by armed hijackers.
Francisco Morazan Department
Home to Tegucigalpa, the nation’s capital, this department (similar to a U.S. county) is another place to avoid in Honduras. Located in the central part of the nation, it’s considered to be the most violent department overall.
Thankfully the area, which is quite mountainous, has little to offer tourists. Some of the highest peaks house cloud forests, such as Cerro Uyuca or La Tigra National Park. The northern portion of the department is home to the Jicaque people.
Now for the good news
It doesn’t sound much like I’m trying to convince you to consider making a home in Honduras, does it? In fact, if anything, I’ve probably only confirmed your reservations about the Central American nation and its increasing crime problem. But here’s the good news.
John Colby
A completely different world awaits you out on the Caribbean islands of Honduras.
There you’ll find pristine beaches, a stunning tropical landscape with exotic flora and fauna, the world’s second largest reef system, a well-developed tourist infrastructure, a vibrant expat community, and almost any modern convenience you can think of, and virtually no violent crime to speak of.
Are the Bay Islands, including Roatan, crime-free?
Like I said, there’s no place on earth that’s a complete paradise, free of any crime. However, the difference between the crime rates on Honduras’ mainland and its Caribbean islands, such as the increasingly-popular Roatan, is extremely refreshing. Here are a few key reasons for the contrast.
- Access to the islands is limited. People who visit Roatan and the other islands can only arrive through a limited number of controlled access points: the airport, the cruise docks, or the ferry from the mainland (whose passengers must pass through a metal detector). However, it should be noted that Roatan can also be reached fairly easily from the mainland by small, private watercraft.
- Numerous steps have been taken to prevent crime on Roatan and the other islands. Police stops on Roatan are common, as the island only has one main road. There’s also a naval base on the island of Guanaja, which the U.S. constructed to help combat drug trafficking. Two more are also under construction on the mainland’s Caribbean coast.
- A special police force exists specifically to protect the safety of tourists. They’re mostly on foot, but as a result of their presence most tourist areas tend to be safe, even after dark.
- Private guards can be hired for reasonable prices. Most people who own expensive homes, especially if they’re remote or only used seasonally, hire guards to watch their property while they’re away.
- A little common sense goes a long way. Any crime that does occur in Honduras’ more heavily touristed areas typically involves minor crimes like pickpocketing or petty theft. Much of this can be avoided by walking in well-lit areas, keeping valuables out of sight, sticking together with a group, relying on native guides who know the area, and avoiding remote beaches or slums at night.
Roatan and the other islands do have their occasional issues, but they’re few and far between. For example, home invasions by armed intruders have occurred in some remote homes. Travelers on the unpaved road from Punta Gorda have fallen victim to robbers. Paya Bay, on the eastern side of the island has seen its share of thefts as well.
In general, the island’s western end is much more developed and, consequently, safer than the more isolated eastern end. Coxen Hole, the island’s largest city, has a low-lying area called “the swamp” that’s littered with slums and is unsafe at night.
Roger Wollstadt
Why you’ll never have to worry about leaving the islands for the mainland
So, it sounds like the islands are about as safe as you can get for a developing nation. But, how can you be sure you’ll never find yourself having to travel to the mainland where the more serious crime problem exists? Here’s your answer.
Roatan is accessible by direct flight from the U.S.
Roatan’s Juan Manuel Galvez International Airport is nice, modern, and receives direct flights from the U.S. (as well as a number of other nations) via several major airlines such as American, Continental, Delta, Taca, and Iberia. Because of its close Caribbean location, you can even be there in a few short hours from cities like Miami or Houston.
There are also regional flights from the mainland, as well as a ferry. But, with such readily available air access from abroad, you likely won’t ever need to use either.
Once you arrive you probably won’t ever have to leave
When visiting or even living on Roatan or one of the other Bay Islands, you’ll likely find everything you need in the way of consumer goods and services. On Roatan, the cities of Coxen Hole and French Harbour, the two main commercial towns, have all the basic establishments you could expect.
There are supermarkets, banks, hardware stores, and more. There are public and private hospitals and even a decompression chamber for divers. Among the franchises represented on the islands are Subway, Ace Hardware, Wendy’s, and Applebee’s.
If you can’t find what you need on the islands, there are also a number of shipping centers where you can have goods shipped over from the U.S.
There are also options for those seeking a bit of solitude amidst all of this tourist development. Though it has plenty of modern amenities and conveniences, there are parts of Roatan that are still relatively untouched. You can find quaint little fishing villages and even miles-long stretches of deserted beaches. There are even a few villages that still don’t have electricity.
And I can guarantee you certainly won’t WANT to leave
For starters there are the spectacular scenic views and abundance of nature that are sure to hold your attention. Roatan’s varied topography includes sandy white beaches, jungle-covered mountains, and shadowy mangroves. And it’s all surrounded by the second largest reef system in the world.
Due to the prevalent reefs, many of which stretch almost to the shore, Roatan is a world-class diving and snorkeling destination. Around it lie some of the most species-rich waters in the entire Caribbean, much of which are protected by the Honduran government. There you can swim through caverns and canyons or just hang out closer to the surface and still enjoy incredible visibility in the clear waters.
You’ll also find tropical forests full of fruit trees, ferns, orchids, and palms. The islands are home to 12 species of mammal, including white-tailed deer. You can also find 40 species of reptiles, including lizards, frogs, and endangered sea turtles, but only one species of poisonous snake. Add to that around 120 species of birds, including hummingbirds, woodpeckers, ibis, pelicans, and the yellow-nape parrot, and Roatan is a nature lover’s paradise.
The temps hover around 80 degrees, with constant trade winds that make it feel slightly cooler. The rainfall totals are manageable, with most falling between December and February, and what the islands do get helps keep everything lush and green.
There’s even plenty to entertain the adrenaline junkie
I talked about the diving, but that’s by far not the only reason people come to live or play on Roatan. Adventure loving expats can also go kayaking or even sailing. The sport fishing is top notch, with anglers reeling in tuna, marlin, and tarpon. The more laid-back fisherman can even go fly fishing in the mangroves and sand flats.
On land, there are dozens of places to go hiking or exploring. Tour companies offer zip-line canopy tours, horseback riding, and other guided tours of the island. There are also mangrove tours and glass-bottom boats. You can swim with dolphins, dive with whale sharks, or hop aboard a submarine that dives to depths of 2,000 feet.
For more easy-going family-friendly outings, there are botanical gardens, a hydroponics farm, and an iguana farm. You can also travel to Punta Gorda to spend time with the Garifuna people, an indigenous tribe of Afro-Caribbean descent. And don’t forget about one of the most popular hobbies of all…relaxing on the beach.
Adalberto.H.Vega
Honduras real estate that’s currently available
Here are a few examples of what you can get if you don’t shy away from Honduras real estate and the magnificent Bay Islands just because of the horrible (but true) things you’ve heard about the crime problem on the mainland:
- For $184,000, you can buy a 3 bedroom home in the development of Green Bamboo in West End. It comes fully furnished and includes outdoor living space, a pool, and a short walk to the beach.
- Your $219,000 gets you a 3 bedroom, 3 bath home overlooking Anthony’s Key, complete with furnishings, numerous upgrades, and even an SUV for traveling around the island. This gated oceanfront property has been recently renovated, with 2 tiled decks, an alarm system, and beautiful landscaping.
- With $579,000 you can own two homes on 1.8 acres of seaside property inside the Sandy bay marine reserve. It boasts panoramic ocean views, 130 feet of beachfront, and a short drive to all the popular tourist hotspots.
Aren’t you glad you didn’t dismiss Honduras real estate too hastily?
Does all of this sound starkly different than the mainland I described earlier in the article? It should. Because it is.
Mainland Honduras is a poverty-stricken, crime-laden third-world nation. Its Bay Islands are a well-developed tourist mecca with all the modern conveniences and a refreshingly laid-back Caribbean beach town vibe.
Don’t let the former steer you away from the latter. Learn more about Roatan and the surrounding islands, or I’m afraid you might be sorry you missed out on a great opportunity.
Map of Roatan, Honduras
Roatan, Honduras Fast Facts
- Population: 50,000
- Typical temperature: From 80 to 88 degrees Fahrenheit
- Nearest airport with U.S. flights: Juan Manuel Gálvez International Airport
- Nearest U.S. consulate: Tegucigalpa, Honduras
Samoano
So why haven’t you already settled on your expat destination in Central America? What’s keeping you from pulling the trigger and beginning your official house hunt in your own tropical paradise?
Maybe you’ve fallen in love with a place you recently vacationed, but just aren’t sure you can see yourself living there full time. Perhaps you’re settled on a remote island destination, while your spouse wants something a little closer to civilization.
It could even be that you’re having trouble finding a place that meets all your “must-haves,” or at least one that does so without totally breaking the bank.
Have you tried Roatan, Honduras?
Let me introduce you to the quaint Caribbean island that literally checks off every box on the list of most potential expats. It’s Roatan, Honduras.
This established expat destination, named the #1 island to retire to in 2011 by Island Magazine, excels in pretty much every way possible and represents the perfect balance in so many important categories.
Note I didn’t say that Roatan “offers something for everybody.” A lot of destinations make that claim, and it’s often a good indicator that they dabble a little bit in all the things important to tourists and expats, without really doing any of them all that well.
By contrast, Roatan meets or exceeds even the highest expectations in every classification, no matter what your preference. Often the yin to its own yang, there are few expats who won’t find what they (or the rest of their families) are looking for somewhere on this 30-mile long island paradise.
Kayla Sawyer
Roatan, Honduras, is easy to get to, but still feels worlds away.
Many would-be expats want an island home, but not the hassle of taking a plane, a bus, and a boat to get there and back every time they go back to visit family or just need a new washing machine or some more of their favorite brand of breakfast cereal.
That isn’t a problem in Roatan. It has its own international airport right there on the island, with direct flights to the U.S. via several major airlines. You can get from from Houston to Honduras in a mere 2.5 hours, without ever even having to set foot on the mainland.
If you do need to venture over for one of the few consumer items you can’t find on the island, there’s a reliable, safe, and inexpensive ferry that can take you to the mainland port of La Ceiba in just an hour.
However, despite its accessibility, Roatan is an island destination through and through. It offers amazing scenery, a slower pace of life, and a shirt-and-shoes-optional tropical culture that quickly makes you forget how easy it is to get back to the hustle and bustle of the rest of the world.
Marc AuMarc
You can do as much or as little as you want with your time.
Although not totally overrun by tourists, the island of Roatan has a thriving tourism industry. Largely due to the wealth of natural attractions that both cover and surround the island, the abundant opportunities for adventure ensure that you’re never bored.
Just off the island’s shores lies the world’s second largest barrier reef, the largest in the Western Hemisphere. It offers over 130 easily accessible snorkeling and dive sites, including shipwrecks and Mayan artifacts, and the chance to see numerous species of tropical marine life.
You can also go kayaking or hop to one of the other Bay Islands. There are sport fishing charters, mangroves to explore, and many other aquatic adventures.
The land loving adventurer can enjoy zip lining through the canopy, visiting a wildlife refuge, riding ATVs through the jungle, or even visiting a local Garifuna village to see how these natives live. There are also plenty of dining, nightlife, and shopping options.
For the expat who’s looking to slow down and spend more of their time relaxing, maybe even in solitude, that’s also entirely possible in Roatan. This may seem next to impossible on a small island frequented by a number of tourists and cruise ships. However, the island as a whole is not densely populated.
While the West End is hopping with activity, there are many areas of the island, such as the northern shores, where you can find a long stretch of isolated beach that you can enjoy all to yourself.
There are villages that still don’t have electricity and roadside markets and shops that are more in keeping with the authentic experience you’d find on the mainland. To many expats, this is a nice contrast from the souvenir vendors and thatched roof bars in the more heavily-touristed areas.
Timothy Wildey
Roatan offers authentic culture, with enough familiarity to make you feel immediately at home.
Finding a place with the right amount of North American influence is one area where many expats struggle to achieve the right balance. The equilibrium in Roatan is a good one.
While not completely overrun with tourists and other expats, there is certainly a well-established expat community in Roatan. There are also plenty of individuals of Caribbean, European, and African descent, which makes for a refreshing blend of diverse cultures. And they’re all quite friendly.
In terms of languages, you’ll hear a lot of English, as well as Spanish and even the traditional Garifuna language. And while you won’t see a Walmart or any of the universal golden arches, there are plenty of businesses and services to meet your consumer needs, such as an Ace Hardware and several excellent local supermarkets.
Whether you’re after the active lifestyle of an established island destination, the tranquility of a remote tropical setting, or the absolute best of both of those worlds, don’t settle for less until you give Roatan a try.
Perhaps Lonely Planet said it best when they called the beaches of Roatan “pitch perfect.” Neither too much nor too little, this island destination is just right.
Map of Roatan
Roatan Fast Facts
- Population: 50,000
- Typical temperature: From 80 to 88 degrees Fahrenheit
- Nearest airport with U.S. flights: Juan Manuel Gálvez International Airport
- Nearest U.S. consulate: Tegucigalpa, Honduras
Viva Tropical Radio
How cool would it be to have a show that covers real estate related activities in Central America? If you like the sound of that, you will love today’s show.
Skip around Central America and hear on the ground intel, reports, and data you can use.
Today we interview three brokers from three different countries, starting in Costa Rica, then on to Roatan, Honduras, and finally Lake Atitlan, Guatemala.
We discuss what is happening in these markets, where the opportunities are, and other things like how much it costs to build. Tune in and start learning how things work in each of these unique places.
In this episode, we discuss:
- Where to get a deal in Guatemala
- How much it costs to build in Roatan, Honduras
- Palm oil farms in Costa Rica make good investments
- Is Lake Atitlan really polluted?
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
React to the Show
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The Show Notes
- Casey Stamps of Costa Rica Real Estate Service Southern Zone, Costa Rica Website and email [email protected]
- Steve Hasz Roatan Life Roatan, Honduras Website: Roatan Life and email [email protected]
- Armand Boissy Atitlan Solutions Atitlan, Guatemala Website: Atitlan Solutions and Email [email protected]
Tired of living or vacationing on the mainland and only enjoying the view of the islands from a distance? Maybe it’s time you gave island life a try.
Island living offers all of the amazing things you love about being in the tropics. Except it comes with a panoramic 360 degree view and without all the tourist traps and high-rise developments you might have to endure on mainland beaches.
It’s also entirely attainable!
Whether you choose to find a quiet lot on a larger, more developed island or even go looking for an entire private island for sale, here are 20 pics to remind you what you could be waking up to every day if you decided to call an island your home.
Boca Chica, Panama
VivaTropical
Off Panama’s Pacific Coast, in the Gulf of Chiriquí, lies an archipelago of over 50 islands, which National Geographic described as “myriad emerald isles strewn like jewels in a sapphire sea.”
Galapagos Islands, Ecuador
Planet Gordon
Located roughly 600 miles off the coast of Ecuador, the Galapagos Islands were described by Charles Darwin as a place where, “in both space and time, we seem to be brought somewhat nearer to that great fact–that mystery of mysteries–the first appearance of new beings on this earth.”
Marietas Islands, Mexico
Khayla
Off the coast of Puerto Vallarta, Mexico, lie Las Marietas Islands. Now a national park, thanks to efforts first championed by Jacques Cousteau, they’re home to the island of Playa de Amor which is pictured above. More commonly known as Hidden Beach, this area is accessible only by swimming through a short tunnel from the open ocean.
South Water Caye, Belize
Jorge Torres
Belize’s South Water Caye Marine Reserve is another protected marine park. It offers long stretches of white sand, some gorgeous views, and a resort with luxury accommodations.
Roatan, Honduras
John Colby
Direct flights from the U.S. make Roatan an ideal destination for tourists and expats alike. It’s just developed enough to offer a wide variety of restaurants, bars, and other goods and services. Yet it doesn’t suffer from the overcrowding that plagues a lot of islands that offer these same great amenities.
Little Corn Island, Nicaragua
August Gregg
Little Corn Island is one of Nicaragua’s best kept secrets. It’s home to beautiful beaches, a number of diving and snorkeling spots, and some of the Caribbean’s friendliest folks. It’s a great place to get away and relax, while still enjoying a few modern conveniences.
Utila, Honduras
Simon Hooks
One of the Bay Islands of Honduras, Utila is one of the most affordable places to enjoy a scuba diving vacation. It offers over 60 dive spots on and around the Mesoamerican Barrier Reef, as well as some amazing sunsets.
Isla del Cano, Costa Rica
Jason Barnes
Located near Costa Rica’s Drake Bay, Isla del Cano is significant for both its environmental and archeological value. On land are headstones that are believed to mark the graves of pre-Colombian indigenous tribes, and in the waters surrounding the island are a wide variety of coral and a wealth of marine life.
Bocas del Toro, Panama
Roman Königshofer
The islands of Bocas del Toro are one of Panama’s most popular Caribbean destinations. From lush rainforests to crystal clear reefs to thick mangroves to authentic indigenous villages to pristine beaches to a slow, laid-back lifestyle, they have everything they need to compete with the top spots in the region.
Isla Holbox, Mexico
D. Aniela
Located in Quintana Roo, north of Cancun, Isla Holbox is a welcome break from the high-rise hustle and bustle. Its sandy streets and open-air bars and restaurants offer a much more relaxed atmosphere. It’s also a great place to see whale sharks, which feed in the plankton-rich waters that surround the island.
Laughing Bird Caye, Belize
D. Scott
Just over 10 miles off the coast of Placencia, Belize, lies the photogenic Laughing Bird Caye. While no overnight stays are allowed on the island, it’s a popular stop for diving and snorkeling outfits due to its many unique coral formations. Its picnic tables and grills make it a convenient spot to break for lunch.
Dunbar Rock, Honduras
Sonja Stark
Dunbar Rock is a privately-owned island and home to Dunbar Villa, which offers gracious accommodations, amazing views, and a top-notch diving experience. It’s also a great example of what you get when you combine island ownership with a little imagination and ingenuity.
Tortuga Island, Costa Rica
Mauricio Diaz E
Tortuga Island lies off the tip of Costa Rica’s Nicoya Peninsula. Its many opportunities for adventure make it a popular place for day tours. These attractions include tranquil beaches, zip line canopy tours, snorkel and dive sites, and plenty of places for hiking or enjoying aquatic activities.
San Blas Islands, Panama
Ben Kucinski
Also known as the Kuna Yala archipelago, these islands total 378 in number although only 49 are inhabited. Located just east of the Panama Canal, they’re home to mostly Kuna Indians. Visitors, however, are entirely welcome, with accommodations and meals consisting of small huts and the local fishermen’s catch of the day.
Cozumel, Mexico
Mega Udonitron
Also located near Cancun is the island of Cozumel, which has become increasingly popular among tourists in recent years. Mexico’s largest island, it offers attractions in every category, such as snorkeling, bird watching, and shopping. February’s Carnival is a festive celebration and a great time to visit.
Ambergris Caye, Belize
Ian Morton
Claiming over half of all tourists to Belize, Ambergris Caye was also named the #1 best island in the world by the users of TripAdvisor. For the second year in a row. It’s convenient due to its proximity to the mainland as well as to the Belize Barrier Reef and some of the world’s best diving. It’s a great place to live or visit. Laid-back, but with all the modern conveniences.
Cayos Cochinos, Honduras
Dennis García
Also part of the Bay Islands, the Cayos Cochinos are two small islands and 13 small coral cays that occupy a land area of less than 1 square mile. They’re part of a protected marine area, which National Geographic described as “a marine biologist’s dream: protected by the government, off-limits to commercial divers and fishermen, and busy with creatures that may not yet have names.”
Ometepe Island, Nicaragua
Ashokboghani
With a name that means “two hills” in the native language, Ometepe Island houses two towering volcanoes connected by a small strip of land. Its fertile soil and excellent fishing allow its local population to thrive. They also warmly cater to tourists who come to the island, located in Lake Nicaragua, to enjoy its beautiful landscapes, rich archaeological history, and hospitality.
Coco Island, Costa Rica
Petrusbarbygere
Costa Rica is ripe with pirate tales, and none of its locales can top the rich history of Coco Island. Dubbed the world’s most beautiful island by Jacques Cousteau, this destination was considered for one of the new seven wonders of the world. It’s easy to see why its miles of rugged coastline might be popular among marauders or merely adventure-seeking vacationers.
Contadora Island, Panama
Gaspar Serrano
Part of the Pearl Islands archipelago, Isla Contadora is a popular tourist destination located in the Gulf of Panama. With regular flights to and from Panama City, it’s a convenient and easily accessible destination. A resort island, it’s also dotted with impressive homes owned by wealthy Panamanians.
Living on or owning your own island may not seem like a possibility to you. But the reality is, it’s easier than you think.
Depending on the level of development and amenities available, island ownership can be surprisingly affordable. And Central America is a fantastic place to score a tropical island getaway for a fraction of the cost of what the rest of the globe has to offer.
To learn more check out our listings, updated frequently, of Central American islands for sale.
Katy McClelland
With its powdery white sand and sparkling turquoise waters, it’s easy to see why Roatan, Honduras, has gained tremendous popularity over the past decade. Recently touted as one of the best places to retire, particularly among island destinations, it attracts the attention of expats and tourists alike.
While terms like “best-kept secret” and sights such as the towering cruise ships in its ports might turn away some skeptical buyers, Roatan isn’t just another cookie-cutter expat destination. Its heavily-touristed area is counter-balanced with acre after sparsely-populated acre, just a few miles down the road. It’s accessible and surprisingly affordable. And buying property is a breeze compared to other locations of its caliber.
So, before you write it off as just another passing trend in a long line of retirement hotspots, here are a few things you might not know about Roatan real estate.
1. For a relatively small island, Roatan offers a lot of options.
Roatan is a 37 mile long island that is situated about 35 miles off the northern coast of Honduras. It’s less than 5 miles across at its widest point, so essentially it’s a long strip of land that’s divided generally into an eastern and a southwestern section.
The island is made up of two municipalities: Roatan, to the southwest, and Jose Santos Guardiola, on the eastern end of the island. The largest of the country’s Bay Islands, it also encompasses a few smaller land masses such as the Cayos Cochinos to the west. The eastern end of Roatan also includes Santa Elena, a small island separated from the main one by a channel of mangroves, as well as Morat, Barbaretta, and Pigeon Cay.
While there are a few decent-sized cities on the eastern end of the island (such as Oak Ridge, the capital of San Jose Guardiola), almost all of the action on Roatan is to the west. Cities like Coxen Hole and French Harbour offer services from banks to gyms to modern medical facilities. The popular West End is home to the great sandy beaches and dive shops that attract tourists from all over.
If you’re looking for a well-developed, densely populated area where you can walk to bars and restaurants, the southwest end of Roatan is for you. If not, come along with us to the eastern side. There you’ll find quite the opposite of the tourist-heavy bustle of the west end.
On the less-populated end of the island of Roatan there are fewer paved roads and beaches with not a single other human in sight. The amenities are fewer, and consequently property prices are much lower. You can still reach the hotspots on the west end, as well as the airport in Coxen Hole, within an hour or so. But with the lower cost of living on the east end of the island, you may not even want to.
2. With direct flights from the U.S. you can be in Roatan in two hours.
Speaking of the airport, you can now find direct flights to Roatan from several major U.S. cities, such as Houston, Miami, and Atlanta. This development has made a tremendous difference in the time it takes to reach this island getaway, as it was once only accessible by local flight or ferry from the mainland.
This new ease of access makes Roatan one of the simplest to reach island destinations in Central America. And easy access makes for the potential for appreciation. As more people and businesses flow into the island, the effect on the Roatan real estate market can only hope to benefit.
Once on the island, getting around is fairly simple. Buses run every 15 minutes between Coxen Hole and West End, during the day. Another runs every hour to Oak Ridge, stopping at places such as French Harbour and Punta Gorda, which is where the pavement ends. The roads become increasingly primitive the farther east you go.
Because Roatan has everything you need and is far safer than the mainland of Honduras, it’s doubtful you’d have much need to travel there. However, if you do, the ferry to La Ceiba runs twice daily. It’s safe and reliable, takes 90 minutes, and can be a bit pricey.
3. It’s incredibly easy to buy and own Roatan real estate.
Because North American expats represent one of the largest demographics of those buying property there, the Roatan real estate market closely resembles that of the U.S. So, similarly, prices are beginning to rebound after a downturn of several years. However, there are still bargains to be had. While the market still has some ground to recover, don’t wait too long to make your move if you’re hoping to score a deal on property in Roatan.
Today’s Honduras has a stable democratic government that is extremely foreigner- and investor-friendly. Even more so in Roatan, which manages to shield itself from most of the political conflicts that plague the mainland. From buying property to obtaining a retirement visa, regulations are fairly loose. Property taxes are also a fraction of U.S. rates, and there is no tax on income earned from foreign sources.
As a foreigner, you are permitted to make a one-time purchase of up to ¾ an acre of land. However, you can buy an unlimited amount by setting up a Honduran corporation. This is a common practice and one that is perfectly legal. A Honduran attorney can make this a simple process for you.
The assistance of a qualified attorney is also invaluable throughout the buying process. The steps of buying include proving a clear title, proper registration, and paid up taxes on the property involved. An attorney can make these otherwise complex tasks much more manageable and handle all the related paperwork, which must be notarized and written in Spanish.
In terms of residency, Honduras offers several visa options. Most notably, its retirement visa has an income requirement of only $1,500 per month, which suffices for the applicant as well as his or her dependents.
4. If Carnival Cruise Lines is interested in Roatan real estate, maybe you should be too.
The top names in tourism don’t typically dock in places where there’s nothing to do, right? Well, in Roatan there is certainly no shortage of activities to entertain even the most lively expats. As a result, several cruise lines have added it as a destination port. And industry-leading Carnival recently developed a large section of beach where its cruise passengers can relax or embark on a number of excursions.
Without question the island’s biggest draw is the Mesoamerican Barrier Reef. The second largest in the world, after Australia’s Great Barrier Reef, it attracts divers and explorers from around the world. The island offers a number of dive shops and guided tours of the reef. Also featured are opportunities for snorkeling, sailing, and kayaking in and around the reefs and mangroves.
Until tourism took over, Roatan’s largest industry was commercial fishing. As a result, it offers some of the best sport fishing around. Offshore catches include tarpon, tuna, and marlin. You can also try fly-fishing among the mangroves and sand flats.
For land-loving expats, there’s horseback riding, hiking, and the world-class Black Pearl Golf Course. There are also restaurants serving up everything from steak to sushi and bars with live music and fresh fruit cocktails.
In addition to the abundance of activities, those interested in Roatan real estate will also be pleased with the infrastructure and amenities the island offers. Electricity and water is available throughout the island, as are telephones and high-speed internet. The roads are simple to navigate, and even the unpaved ones are easy enough (unless conditions are wet). Medical services are also available everywhere, although those with serious conditions should probably travel to the mainland.
5. The low cost of buying and living in Roatan leaves plenty left for all the perks.
One of the most attractive features about Roatan real estate is the price tag. Combine this with one of the lowest costs of living in the world, and you can afford a lot of things you never imagined.
Prices in Honduras are often half that of even its Central American neighbors. As a result, many expats find that they’re able to afford larger homes and better views, with enough left over to hire an entire staff to keep up the property.
Still others are finding ways to use their resources to give back to the community, hiring locals to work in their small businesses or opening up their homes to be used as schools or retreat facilities. The possibilities are endless.
With accolades continuing to pour in, and with Roatan real estate being viewed by starry-eyed would-be expats on House Hunters International, it’s certain that this Honduran island won’t be one of the Caribbean’s best kept secrets for long.
However, with so many available options and great incentives to buy, it’s also certain to remain one of Central America’s best all-around retirement destinations for decades to come.
Matty Wack
In recent years Honduras has become a hotspot for international dive and beach lovers. The Bay Islands on the Caribbean Coast are what have brought them there and some people have even chosen to make an island their home.
Like Belize, these islands lie along the Mesoamerican Barrier Reef, the second largest in the world. This makes for some amazing scuba diving. Because Honduras has yet to become an on-the-beaten-track tourist destination, the prices here remain considerably lower than other Caribbean destinations.
Perhaps this explains why many serious divers and those simply looking to enjoy relaxed island life end up retiring or opening businesses here.
With three incredibly distinct islands, visitors and residents often find their favorite. Each island offers access to great diving, has an interesting local culture with Caribbean, Spanish, and Indian roots, and has primarily English-speaking locals due to their Caribbean ancestry. However, each island is quite unique.
We’ve broken down each island to help you determine which of the three Bay Islands you might call home.
Roatan
Viva Tropical
Roatan is the largest and most developed, populated, and tourist-frequented of the Bay Islands. In 2011 Island Magazine named it the #1 island in the world to retire on. The white sand beaches and clear Caribbean water make it the image of island paradise, while its accessibility makes it a desirable place to live.
The island consists of a long, forested ridge surrounded by white sand beaches which allows for many outdoor activities. Snorkeling, scuba diving, kayaking, and water sports can be enjoyed in the ocean. On land there are trails for hiking, horseback riding, zipline tours, and mangroves for exploration.
Roatan lies just off the shore of Honduras and a 2.5 hour plane ride away from Houston. This makes it a great island for those looking for convenience to the U.S. and the mainland for basic supplies.
If you have plans to open a tourism-based business, particularly a restaurant or hotel, Roatan is a great option because it has a steady influx of tourists. Particularly luxury hotels, spas, fine dining restaurants, and most shops will do best on Roatan which attracts more luxury-minded tourists than the other islands. Cruise ships sometimes stop in Roatan so businesses that appeal to cruise passengers will likely also do well on this island.
While the island enjoys tourism for its economy, it is still an up and coming location that is far from densely populated, allowing you to enjoy the relaxation and nature around you.
Utila
Simon Hook
Utila first became a tourist destination for backpackers and dive enthusiasts seeking the most affordable diving in the world. While it does enjoy tourism, the island is significantly less developed and populated than Roatan. The local scene is a diverse array of foreigners whether their ancestors came over a hundred years ago on a pirate ship or they moved over from the United States a few months ago.
Because of the island’s small size of under 10,000 residents it has a supportive small town feel. All of the residents know one another and share a peaceful lifestyle on this sleepy island. Utila has a bigger nightlife scene than the other islands because of its popularity with backpackers but it still has a quiet, laid-back island vibe.
Unlike Roatan, Utila is mostly mangrove covered and does not have large stretches of white sand beach. However there are small cayes nearby that you can reach with a dingy for your own private paradise island experience, a favorite day trip for many residents.
This island may not be for everyone, but those who have chosen to live here absolutely love it. It would be a great investment choice for those looking to open budget accommodations, particularly hostels, dive shops, bars, and inexpensive eateries. It’s also a great place for those simply looking to get away.
Guanaja
Denise Clarke
This small island is certainly the most difficult to access of all the bay islands, but that is likely what keeps it relatively untouched. When you arrive on Guanaja, it becomes apparent that you are somewhere off the beaten track.
Reaching Guanaja does take more effort than the other islands, which is what keeps it so pristine. You must either fly from La Ceiba on the mainland, about a thirty minute flight, or fly first to Roatan and then charter a boat from there.
The island is the most mountainous of the three and has waterfalls, creeks, hiking trails, and beautiful beaches. Most residents live on a small caye off the mainland called Bonacca which has been called the Venice of Honduras because it connects residents with its many waterways.
People who long to be in a truly undisturbed paradise will fall in love with Guanaja. It also has a local fishing community which makes it a great place for fishing enthusiasts. Because this island is considerably less tourist-frequented it has just a few restaurants and hotels. Those looking to work in tourism may be better suited to other islands, however the lack of competition on this island does present an opportunity.
The Bay Islands are some of the most beautiful and affordable islands in the entire world. Whether you’re seeking the ease, simplicity, and beauty of Roatan, the local culture and diving on Utila, or the gorgeous relaxed paradise of Guanaja there is an island for you.
Channer Amos
Are you one of many expats who crave island living? If so, Roatan, Honduras, could very well be the ideal retirement spot for you.
With stretches of smooth beach and glittering blue water as far as the eye can see, life in Roatan can provide you with the opportunity to finally slow down.
If you need more convincing, here are five reasons why Roatan, Honduras, is the perfect island retirement destination.
1) Connectivity
Although you may be dying to leave behind the bustle of North American life, the prospect of being cut off from your loved ones back home may be keeping you from taking the plunge.
Luckily, Roatan can offer expats the best of both worlds.
You can have your peaceful island getaway, while staying in close proximity to the U.S.
The tropical paradise of Honduras is only a 2.5 hour plane ride from Houston, Texas, and it’s served by major airlines on a daily basis.
In fact, Continental Airlines offers daily flights from Houston and New York to the city of San Pedro Sula on mainland Honduras, and direct flights to Roatan are available every Saturday.
2) Diverse culture
Telfordkatie
For many expats, one of the major perks of retiring to or visiting a new place, is experiencing new people and new cultures.
And in Roatan, you will have the chance to do just that.
Made up of a unique blend of cultures, the end product is modern day Roatan. With a very colorful history, Roatan’s cultural background is a mixture of Caribbean, European, and African heritage. So if choose to make it your home, you will be exposed to a diverse collection of people on a regular basis.
In Roatan, English is the dominant language, which makes it an ideal spot for North American expats. But many of the locals also speak Spanish, and in certain areas, you will even hear traditional Garifuna spoken. Adding to the collage of cultures, the Garifuna are the descendants of native Indians who were deported from St. Vincent Island to Honduras, by the British in 1797.
3) There is so much to do
Marc AuMarc
Yes it’s true, island life can be tranquil and relaxed, but it can also be bursting with activity, and Roatan is filled with great options.
A snorkeler and diver’s dream come true, Roatan is encompassed by a barrier reef that lies around 300 feet from the sparkling, white sand shore.
With over 130 accessible dive sites (some with shipwrecks and Mayan artifacts to explore), snorkeling and diving in Roatan is sure to be an adventure.
And who knows, you may even catch a glimpse of the majestic whale shark, the largest fish in the world.
Of course, if diving isn’t really your thing, there are many other ways to pass the time.
Try catching a ride on a magic flying beach chair (much like a ski lift) and travel 1,200 feet in the air towards the private island of Mahogany Bay, or pull out your camera and snap some photos in the Carambola Botanical Gardens.
You may also wish to spend your days kayaking, hiking, coasting along a zip line, or simply watching the clouds roll by. It’s all possible in Roatan, Honduras.
4) Slow down and live the life of a beach bum
Adalberto.H.Vega
With unspoiled beaches and water temperatures averaging at 27°C (80°F), Roatan is definitely a beach lover’s paradise.
The most popular beach, West Bay Beach, was described as “pitch perfect” by Lonely Planet and it isn’t hard to see why.
Along with stunning beauty, there are dive shops, restaurants, and pubs scattered along West Bay, so you’ll never have to venture too far from the water as you stretch out with a drink and a good book.
And for those looking for something a little more low-key, the beaches along the northern coast are much more secluded and in some areas, you may even find yourself all alone.
5) Island hop
Dave C.
Once you’ve settled into Roatan life, take the opportunity to explore the other bay islands and all that they have to offer.
Utila is the flattest of the islands and is about 18 miles off mainland Honduras.
Here, almost the entire population lives in the island’s main town of East Harbor, and because the town is so spread out, you may want to rent a bicycle to cruise your way around.
Utila is also known to have one of the cheapest dive certification courses on the planet, so if you would like to receive quality dive training at an amazing rate, give Utila a try.
Guanaja is the eastern-most island and has sprawling beaches and reefs on all sides.
Dubbed the ‘island of pines’ by Christopher Columbus, Guanaja is the only island to be dominated by conifers.
The tallest of the bay islands, you can hike Michael Rock Peak (1, 350 feet) for breathtaking views of the turquoise sea, and because there is only one small road linking the towns on Guanaja, the majority of travel happens on the water.
Consider Roatan
Even though we only mentioned five, there are many reasons to consider making Roatan, Honduras, your final retirement spot.
So pack your bags, book your flight, and head down to this island paradise to start discovering some more reasons for yourself.
You won’t be disappointed and you may even find the island getaway of your dreams.