South-West Reef Apartments A prominent local landmark, this 3 story Apartment complex is located on Lot 15 of the South West Reef Pointe sub-division in a small protected bay at the SW corner of Utila island opposite the Utila Cays. Across the white sandy beachfront and to the south of the 0.277 acres [1123 sq m] property are views across the sea to Utila’s Diamond, Pigeon and Suc-Suc Cays and mountain ranges on the mainland of Honduras approximately 18 miles [29 km] away. To the West are views to Utila’s Bell, Water and Sandy Cays.

Aerial View The Lot is supplied with Municipal 110/220v power and also has an emergency back-up generator housed in a small bodega to the rear of the Lot. Fresh water is supplied by Municipal water mains from the desalination plant in Utila Town supplemented by rainwater catchment stored in a large concrete cistern under the Apartment complex. Waste water is piped to a private 5,000 gallon, triple chamber, aerobic septic system.

Although there is an access easement running along the southern shore of Utila under the power supply poles, this road does not yet connect across Utila’s Lower Lagoon to the main town. Access to the property is therefore by boat only with deeded access to the nearby South West Reef Pointe Community Docks (see Aerial View in Photo Gallery).

The 3 story Apartment Complex is built on a reinforced concrete base with reinforced concrete supporting columns. At ground level is a 6ft high block construction base which houses a storage bodega and the water cistern. Wooden stairs lead up from ground level to the 1st floor apartment 209 sq ft [19.5 sq m] covered balcony.

Lounge Room The 1st floor apartment comprises a Living Room, Kitchen with cabinetry to 3 walls, 2 Bathrooms with walk-in shower and vanity units. Each of the 2 bedrooms has a built-in wardrobe. The Living Room is furnished with 3 piece leather suite and two side tables. The kitchen includes double bowl stainless-steel sink unit, 6 Burner gas stove, refrigerator with freezer. Each bedroom contains a double bed, side tables, chair and 5K BTU window Air-conditioning unit. Ceiling fans are installed in each room, with the exception of the bathrooms.

The 2nd floor apartment is essentially identical to the 1st floor. The 3rd floor apartment is smaller with one bedroom and bathroom less, but has additional storage area to the both sides under the pitched roof.

Owner financing is available to qualified buyers with 25% down, 7.5% interest and 7 year term.