Why Keyhole Bay?
Whether you buy to rent, or come to live, the time to invest in Keyhole Bay has never been better!
Last year, according to the Honduras Department of Tourism, some 300,000 cruise ship visitors came ashore in the beautiful Bay Islands. This year, 700,000 are expected. And next year, the number of visitors should top 1,000,000. The Department of Tourism also estimates that of the 1,000,000 tourists who will come ashore next year, approximately 20% will return for another, extended visit. And of that 20%, an additional 20% will buy property on the Bay Islands.
Now, for you, as the owner of a luxury condominium at Keyhole Bay who may wish for our management service to rent your property, those figures may be enticing. After all, they could help guarantee you a year-round positive cash flow almost from day one.
In short, the boom has just begun. And that is why I encourage you to browse through the Keyhole Bay website and send for your FREE full-color Keyhole Bay Portfolio Package now. I guarantee you, you are going to like what you see.
What’s behind the wall ...
If Keyhole Bay’s watershed waterworks is significant, it’s also symbolic. Because it represents an obsession with perfection that extends to every element of the community’s development. Even to the amusement of some.
“I know that some architects who want to build on Keyhole Bay’s estate lots get a little miffed at some of the quality controls and like to refer to this as ‘Anal Acres,’” Dan Taylor muses. “But, I’d rather have it called that than ‘Meandering Mediocrity.”
Perhaps the effect of this obsession with perfection is best captured in an ad soon to begin running in a Canadian publication called “Executive Life Styles Magazine.”
The ad features two pictures of a wall from one of the 45 luxury condominiums at the gated community. Above a picture of a fully furnished living room, the headline reads, “At Keyhole Bay, it’s not just the wall that helps you live the life of your dreams …” Then, beneath an inset picture of the same room with exposed wires from the pre-construction phase, it adds, “… it’s what’s behind the wall, as well.”
The ad’s body copy explains, “That’s because what’s behind the wall is the hidden secret to a life of luxury. To the average eye, the bright blue cables, yellow wires, and white pipes might look like nothing more than a mish-mash maze run amuck. But, to the trained eye of an engineer like Keyhole Bay’s owner/ developer Dan Taylor, they are the ‘stuff that dreams are made of.’
“Your dreams. For all of the modern conveniences you enjoy in the plushest accommodations on the face of the earth. They guarantee that when you throw a switch, click a remote, hit ‘Send,’ or turn on a fresh-water faucet, nothing happens – except, exactly what you want -- the second you want it. As in First World amenities -- at Third World prices.”
Once completed, Keyhole Bay will have seven solid masonry, Mediterranean-style residences, each housing five to seven luxury condominiums. The prices range from $350,000 for a one-bedroom to $1.25 million for the penthouse suites. To some that may seem high, and it is at the top of the scale for condominiums in an emerging market. But, Dan Taylor makes no apologies.
“Keyhole Bay is not a ‘resort community.’ It is an exclusive residential community on a resort island. And there’s a difference. The people who purchase homes at Keyhole Bay will be either coming here to live for three to six months at a time, or, eventually, all year around. They’re the type of highly accomplished individuals who value both their privacy and peer interaction.
“Or, they’ll be serious investors who understand market valuation. Those who invest now, at the pre-construction stage, could easily realize an ROI of 100% within 12 to 24 months. Possibly even more. Or, if they decide to rent, or lease, they’ll have a rental property management team available to help them see a positive cash flow right from the start.”
Taylor points out that one of the seaside lots at Keyhole Bay originally sold for $109,000 in June of 2005. Less than eight months later, it resold for $190,000. And only three months after that, it brought a staggering $290,000.
“That’s a 264% increase in just less than two years,” Taylor notes. And he says it’s indicative of where Roatan Island is heading in terms of property values and investment returns. To his thinking, Roatan is at the very inception of what’s known as the “McLean Development Curve”:
Many Island financial analysts agree that unlike other major resort
communities in the U.S.,and in the eastern Caribbean, that have already
reached investment maturity, Roatan is just beginning its ascendancy.
“Right now,” Taylor says, “the leading cruise ship companies are putting in two more major docks. And the government of Honduras is putting in a new, modern terminal because they expect the number of cruise ship visitors to increase from 300,000 last year to more than a million next year. When you see both government and big business pouring money into an area, you know they are expecting a very high return on investment.”
That fact is not lost on buyers at Keyhole Bay, where the 23 estate lots are already sold out, and four of the seven luxury condominiums in The Seville, the first condominium residence to be completed, have already been bought up.
Keyhole Village – all the infrastructure, and more
Still, to some, the very fact that Roatan is still in its early stage of market ascendancy is a cause for pause. Simply put, what’s lacking is the infrastructure.
Unlike Panama City or even Tegucigalpa on the Honduran mainland, Roatan sports no gleaming high rises, multiplex cinemas, huge historic museums, or major cultural attractions. Its pristine beaches have no boardwalks. And, its lifestyle, if not laidback, is at least relaxed.
The only “lightshow” visitors are likely to see is the star-studded sky, stretching forever into infinity. And the only concert most on the Island will ever witness is the silent symphony of florescent colors shimmering off an underwater world of exotic fish weaving through the coral reefs.
There are few fully paved roads on Roatan. The most well-traveled encircles the west end of the island, treating the visitor to panoramic views of mountain sweeps and ocean swells as near to natural as when they were created. And even in passing through the quaint towns of Coxen Hole, French Harbor, Mount Pleasant, and Oakridge, one is struck by the serenity of the surroundings and the peaceful ambiance of a bygone day.
But, for those who do prefer their “infra” to have a little more “structure,” relief is on the way. For perched just above Keyhole Bay, a leisurely 10-minute walk away, will soon be Roatan’s first state-of-the-art shopping mall, Keyhole Village.
Featuring a wide array of top brand-name stores, fashionable boutiques, a gourmet food court, and underground parking, Keyhole Village will offer shoppers all the amenities of America’s most modern gallerias. And it’s 5,000 –square-foot-health spa and fitness facility will turn getting – and staying – in shape as easy and enjoyable as taking a trip to the mall.
“Water, water everywhere” … and now, more than a drop to drink
“Believe it or not, when one of our laborers turned on this faucet,” Dan Taylor explained, pointing to a bare pipe topped by a handle rising up out of the ground, “it was one of the proudest moments of my life. Because it signaled a new direction, not only for Keyhole Bay, but for Roatan.”
An overstatement? Perhaps to some, but probably not. For “this faucet” was the first outlet in all of Honduras where clear, cool, clean water could be conjured straight from the tap. Honduras has been an independent nation since 1821. It has been a thriving, vibrant democracy for nearly 30 years.
And now, at last, it has a pure, pristine wellspring to water the tree of liberty. But, not without considerable care.
Keyhole Bay’s cutting-edge water system utilizes an automated Programmable Logic Control (PLC) system to draw water from one of four primary sources. Pure rainwater stored in cisterns and fresh water wells are the primary two sources. Storm water runoff and seawater are the secondary systems. The PLC continually monitors the sources for optimum usage. And then, the purification begins, through one of two technologies.
Reasonably clean water goes through an ultra filtration system followed by ultraviolet (UV) and ozonation for bacterial eradication. Less clean water is routed through a reverse osmosis system utilizing a .004 semi-permeable membrane filter to remove even the most minute dissolved solids which is followed again by UV and ozonation. The result is water that’s fresher than when it fell from the heavens.
Then, to take its unprecedented, unparalleled water system a far step further, Keyhole Bay runs it through a series of multi-stage, variable speed pumps to assure that all of this crystal clear water arrives at residents’ taps under consistent jet-stream pressure.
Little wonder The Bay Islands Breeze magazine recently wrote of Keyhole Bay, “If the organization of this construction site results in a well-planned living environment, Roatan has a roadmap to follow for its future developments.”
And, that’s just the beginning...
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