One acre property on The Point

“Cross Creek”

Development Opportunity – Utila, Bay Islands

This multi-asset waterfront property on Utila’s highly coveted "Golden Mile" presents a rare, high-yield opportunity for commercial developers and institutional investors. Spanning a full acre of high-density zoning potential, this property is uniquely positioned for conversion into a premium boutique resort, a high-density multi-family residential complex, or a full-service marina.

Strategic Value Drivers & Asset Breakdown

1. Strategic Maritime Access & Marina Infrastructure

  • 400 Linear Feet of Canal Frontage: Expansive waterfront footprint optimized for private slips, boardwalks, or commercial docks.

  • Navigable Safe Harbor: Naturally protected canal offering secure, deep-water mooring.

  • Immediate Deep-Water Access: Positioned less than 2,000 feet from the open sea, minimizing transit times and maximizing appeal for maritime clientele.

2. High-Yield Adaptive Reuse & Conversion Potential

The property features a substantial built environment with structural footprints ready for immediate repositioning or value-add renovation:

  • The Hotel Structure: Built to a scale optimized for immediate conversion into self-contained apartments.

  • Lagoon Bungalows (2 Structures / 4 Apartments): Dual-bungalow layout configured into four independent units, offering immediate operational flexibility. Waterfront structures ready for a premium aesthetic and mechanical upgrade to drive high-ADR (Average Daily Rate) short-term rentals.

  • The Divemaster Compound (8 Rooms): A large-capacity building suited for transformation into boutique hostel lodging, employee housing, or administrative offices.

  • Managerial Housing: Includes an independent 1-bedroom home and a separate cabin, ideal for immediate on-site project management operations during construction.

3. Turnkey Commercial Assets & Market Moat

  • Active Utila Dive Operator Permit: The acquisition includes a fully compliant, up-to-date dive operator permit. In a world-class diving destination tightly restricted by local environmental regulations, this grandfathered permit removes significant regulatory barriers to entry and unlocks immediate commercial cash flow potential.

  • The Destination Factor: Utila is globally micro-targeted by affluent eco-tourists and divers due to its year-round whale shark aggregations, ensuring sustained, high-volume consumer demand.

Investment Thesis

This asset is a classic value-add play in a high-growth Caribbean market. By leveraging the existing structural footprints, an investor can bypass the lengthy permitting and foundational costs associated with raw land development. Whether executed as a single-phase luxury resort conversion or a multi-phase marina and residential subdivision, this Golden Mile estate offers a diversified risk profile with multiple viable exit strategies.

Aerial view of a hotel property called Cross Creek with 11 rooms, including guest rooms and cabins, alongside a waterway.

$347,000 USD

A wooden house with a white lattice porch, wooden stairs leading up to it, and a gray roof, surrounded by greenery.
A peaceful waterfront scene with a wooden pier extending into dark blue water, surrounded by houses with tin roofs, some with colorful shutters, and lush green trees, under a bright blue sky.
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A photo of a blue sky over water with green mangroves on the shoreline and part of a wooden house or deck with lattice railing hanging over the water.
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Satellite maps of Cross Creek Dive Center locations in Utila, Honduras, showing street routes, harbors, beaches, and nearby landmarks.