An ideal opportunity for a developer to purchase 24.26 acres with over 1700 feet of Progresso Lagoon Frontage available for sale in Corozal District which would be perfect for a gated residential community along the warm Progresso Lagoon shoreline.
The property is flat undulating terrain with high and low areas but easily and readily for development. There are some nice tree lines in the property being second growth and some trees may be 30-40 feet high. The property was cleared many years ago but second growth has healthily taken over the land. The shoreline would definitely need to be developed and perhaps nice beaches can be made after clearing and some filling with sand. A pier would be recommending to be built extending out into the lagoon for deeper and nice swimming areas.
With over 1,700 feet of Progresso Lagoon one can subdivide the property into either small quarter acre lots or even half acre lots and sell in the open market at reasonable price. An acre of property would bring 3-4 lots per acre depending on the green areas reserve and road within the development. At 3 lots per acre one can get at least some 72 quarter-acre lots for sale.
Electricity is approximately 1.2 miles from the property at the road junction of Orange Walk Town and Progresso Village. Progresso Village is approximately 4 miles from the property and the small Mennonite Community of Little Belize is only 2.5 miles away. Currently the property can be developed into a “GO GREEN” paradise offering off grid solar powered homes.
Progresso Lagoon is between 3-10 feet deep and it connects to the Caribbean Sea through small creeks that mostly smaller boats can access that have draft of 1 to 1 ½ foot draft. Progresso Lagoon is approximately 5 ½ long and at its broadest point it is approximately 0.8 of a mile. To access the Caribbean Sea one must pass through a channel connecting Laguna Seca or Copperbank Lagoon and exiting through a channel into the Caribbean Sea. The distance from the property to the sea is approximately 11 ½ miles by boat. Or course one can drive to the Caribbean Sea to areas where some developments have restaurants and bars open to the public.