Newsletter,Roatan Living Real Estate, Century 21

March, 2005

Roatan Update
A Free Monthly Newsletter

Published by CENTURY 21 J. Edwards Real Estate

Important information about Roatan’s Unique Properties and Outstanding Buys, along with news and events around the island.

MARCH, 2005

IN THIS ISSUE...
The Caribbean’s Best Value
Upgrades at Mayan Princess
West Bay Properties
Century 21 Featured Property
More New Phone Numbers

PARROT TREE BEACHFRONT CONDOS
The Caribbean's Best Value

Last December, J. Edwards began building and marketing Parrot Tree’s Beachfront Condominiums, 48 one-bedroom luxury units overlooking a beautiful stretch of white sandy beach and the private, secluded Parrot Tree lagoon. Views of Roatan’s lush hills and the blue Caribbean with mainland Honduras in the distance, complete the picture-postcard scene.

Today, barely three months later, ten condos have been sold and another two are under contract. That means 25% of the units are already gone. It also means that savvy investors are rushing to Roatan and taking advantage of the best value on the market.

Why Roatan?
Not long ago, Roatan was known only to divers and adventurous travelers, and a handful of smart, patient speculators. Now, Roatan is coming into its own. Tourism is on the rise, cruise ships have made the island a popular destination, and a growing number of expats are calling this Caribbean haven their home. These days, you seldom hear someone say, “Where the heck is Roatan?”

Improved infrastructure over the past five years has brought Roatan into the 21st century. Where before there were bumpy roads and bush so thick you couldn’t see through it, now a blacktopped thoroughfare reaches most major settlements, and a small number of developments boast beautiful homes and condos amid lavish landscaping. Telecommunications, while still not perfect, have improved considerably. High speed Internet is the word on everyone’s lips.

Roatan’s modern airport is a big step forward from the little wooden shack that used to sit alongside a rocky dirt runway. In addition to TACA’s weekly direct flights from Houston and Miami, Continental offers two direct flights from Houston on Saturday and beginning June 15th, a Wednesday flight will be added to their schedule. There is talk, though no announcements yet, that American will start bringing direct flights to Roatan from Ft. Lauderdale and Dallas in the very near future.

You can see for yourself what prices are like in other parts of the Caribbean. Here, on Roatan, your real estate dollar buys much, much more. Yes, there are other beautiful places in the Caribbean, but not as affordable. And, Roatan isn’t just a great value, it’s a great destination…friendly, comfortable and slower paced. It’s also a great destination if you’re looking to start a business. The island’s booming tourism industry offers opportunities that are limited only by your imagination.

Why Parrot Tree Plantation? Quality + Location = Value
You’ll understand why the minute you pass through the impressive entrance gate. For the most part, other developments can only show you artists’ renderings and floor plans. At Parrot Tree, you can see what your investment buys. Quality. The level of construction – materials, furnishings, finishing and details – is unmatched anywhere on the island, and in fact, anywhere in the Caribbean at this price.

Phase One of Parrot Tree’s Marina Villa project, 29 two and three-bedroom luxury condominiums, is nearly sold out and in the final stages of completion. Stop by and see what the developer has done to increase the value of the property, and take a moment to tour one of the units. You’ll appreciate what we mean by Quality.

With more than three miles of coastline and green, tree studded hillsides, Parrot Tree is by far the best development property on Roatan. It is a stunning location, blessed with breathtaking views, the south shore’s cooling tradewinds and enough amenities – some in place, some still in the planning stages – to provide something for everyone, from investors and retirees, to vacationers and families.

The time to buy is now…because the greatest capital appreciation takes place between preconstruction and the finished product. Buildings are under construction and infrastructure is in place. Two buildings (six units in each) will be completed before the end of this year, and the remaining units in 2006. Construction of a spectacular 280-foot pool is slated to begin in April, with completion expected in about one year.

With an affordable price range of $219,900 to $239,900, these luxurious beachfront condos won’t be on the market for long and prices will only go up. Consider what you’re getting – Quality, location, amenities, an investment you can see – and all of this with financing available (unheard of in the past).

If you’ve been thinking about investing in Roatan, this is your chance. Parrot Tree’s Beachfront Condos are undoubtedly the Caribbean’s best value. Contact us at info@RoatanLiving.com for more information.

MAYAN PRINCESS BEACH RESORT
Upgrades in Service and Amenities
With the arrival of manager Daniel Romero in December, many exciting changes are taking place at the Mayan Princess. Our attractive beach bar is open with a full selection of beverages and our friendly staff to serve you. Mr. Romero is optimistic that the new restaurant will open this month as well.

Upgrades in service include safety deposit boxes for guests and owners, a new 30-passenger bus, and at last, a telephone system with multiple lines that will provide service to every condo. A new, state of the art electronic locking system is being installed for more efficiency and security.

Daniel looks forward to meeting you and encourages you to contact him at dromero@mayanprincess.com with your comments and suggestions.

CENTURY 21 J. EDWARDS REAL ESTATE
Featured Property
Jonesville – 4 bedroom, 3-1/2 bath, 5500 sf home. Enjoy stunning views while relaxing on the patio or swimming in your pool. Located on two acres, this magnificent custom home has top of the line amenities, 3-car garage and many extras. Price: $1,500,000. For more information, contact info@RoatanLiving.com

WEST BAY PROPERTIES
Mayan Princess Beach Resort
One-bedroom condos available from $220,000

La Sirena
Two-bedroom, two-bath beachfront units, priced from $359,000 (only one unit left at this price)

Coral Sands
Largest condos on West Bay Beach, from $549,000

Lighthouse Estates
Only one lot left ($89,500) in Roatan’s hottest-selling development

MARBELLA BEACH
Marbella is Roatan’s last great beach, and now is the time to purchase one of these stunning half-acre custom home sites, each with 100 feet of frontage, priced from $299,000. Also on offer is an exceptional 2.34-acre parcel with 435 feet magnificent beachfront – great development site!

NEW PHONE NUMBERS
Hondutel continues to work on the island’s phone system and we will update you with new numbers as they become available.

We’ve added a cellular number at our corporate offices in Parrot Tree if a situation arises where you cannot reach us via the land lines. Please make a note of the number: 978-8355.

Mayan Princess Beach Resort has also added two new numbers in order to serve you better. 445-5070 and fax 445-5085.

This newsletter is published monthly by CENTURY 21 J. Edwards Real Estate, Roatan, Bay Islands, Honduras. US mailing address: c/o Hyde Shipping, 10025 NW 116th Way, Suite 2, Medley, FL 33178. Telephone: 011 504 455-7354; e-mail: info@RoatanLiving.com.