There are 14 additional lots that have been added to the northern side of the 51-lot, residential subdivision at Savannah Homes (all 51-lot sold out) located just west of our award-winning resort, The Lodge at Jaguar Reef. Owners will enjoy the privacy this community offers and will have access to the beach through Jaguar Reef along with all of Jaguar Reef’s facilities and services.

These 14 new lots won’t be available for purchase until they have been serviced and roads put in. This process may take up to a year. However, you can reserve a lot with a reservation agreement and a refundable US$5,000 deposit. With this, you can hold the lot until that process is complete, change your lot, or walk away and have the deposit refunded. Once the process is complete, we’d then switch over to a sales agreement.
Lots 3 – 9: US$69,900

Construction:

We offer the construction of customized homes for buyers who are interested, or owners may opt to have their homes built by another builder. There are no set home plans for this location, buyers have the flexibility to build a home to their specifications.

At this time, the general cost of building a home is ~$150 sq. ft., but the overall cost of the home will also depend on the type of finishes the buyer is looking for. Pools can vary in cost depending on the size of the pool, pool features/lighting, amount of tile finish, size, and finish of deck and whether you want a heat pump for your pool. An unheated regular-size pool and deck would cost around US$30,000.

Attached you’ll find a copy of the Savannah Homes Protective Covenants.

Property/Rental Management & Rental Split:

Owners can rent through our resort website and management services, or they could rent independently using websites like VRBO, Flip key and Airbnb.

We will do a 70/30 split with the homeowner if we manage the property and sell it on our website. An occupancy of around 40% is expected, but expected occupancy could vary significantly depending on the house quality and amenities. The average nightly rate will also vary depending on the size and quality of a home as well as amenities such as a swimming pool.

Expected Income:

As an example, with a 1500 sq. ft. 2-bedroom home you can expect a US$250 per night rate. With this nightly rate, the gross owner proceeds are likely US$24,000 fewer costs like utilities, insurance, and some maintenance. A net return of ~US$15,000 a year.

Financing:

Financing is available for the lots at 7% interest for 5-year and 15-year amortization, with a deposit of US$10,000. A balloon payment is due after 5 years.

HOA Fees:

There is a monthly HOA fee of US$75.00 a month per lot which goes towards the maintenance of the pool, clubhouse, and security.

Remaining lots vary in size from 0.25 acres – 0.30 acres.

Kindly contact me to reserve your lot as they are going fast!