isla colón panama

5 Most Affordable Caribbean Islands To Buy A Home

When the Caribbean islands are mentioned, many picture endless beaches, blue waters, tropical food, beautiful resorts, and tourists milling around all day. Everyone has a dream about one Caribbean paradise in Belize, Jamaica, or Honduras, where they can experience that famed Caribbean escape. However, the enormous financial cost of getting a slice of heaven can be discouraging. While most Caribbean island homes are priced in the range of six and seven figures, there are equally affordable places where you can call home at affordable prices. This article describes five picturesque islands you can buy your dream home without going bankrupt.

Isla Mujeres, Mexico

Crystal clear waters and lush forests are not only what you get in Isla Mujeres, Mexico, but you also get to enjoy a break from the city’s daily hustle and bustle, all at an affordable price. All-round you, the sea whispers a sort of tranquility into your soul, disconnecting you from the hectic routine of life. The cost of living in this Caribbean paradise is relatively lower than most Caribbean islands. With about $230,000, you can own a one-bedroom or a two-bathroom penthouse.

Isla Mujeres

Isla Colón, Panama

Isla Colón is named after Christopher Columbus. According to international living, Isla Colón is for “people seeking to escape the International rat race.” Isla Colón boasts excellent facilities like hospitals, bars, and restaurants. With an English-speaking local population, a pleasurable experience is guaranteed at all times. Living on this enchanting island is affordable: with $99,500, one can get a one-bedroom loft apartment.

isla colón panama

Ambergris Caye, Belize

A nest of natural wonders, Ambergris Caye has transitioned into an island teeming with fishers and divers. Full of biodiversity, this beautiful Caribbean island will blow your mind. Power, radio coverage, and the internet are available, keeping you connected with the world. For those who enjoy swimming with tropical fish, Ambergris Caye is where you should call home. With $150,000 to $300,000, you can get a beautiful home with a view.

Ambergris Caye

Las Terrenes, Dominican Republic

The beauty of las terrenes is unmatched. With beautiful clear skies, world-class beaches, and affordable homes, las terrenes is the ideal place for a Caribbean escape. Real estate is reasonable, with one-bedroom apartments going for as cheap as $99,000. According to International Living, las terrenes is “a low-key getaway with all the conveniences of a home.”

Las Terrenes, Dominican Republic

Roatán, Honduras

If you still doubt that there are affordable Caribbean islands that you can call home, you haven’t heard about Roatán in Honduras. This island has gone from a diver’s haven into an accommodating home. With pristine waters teeming with wildlife, you can live the quiet life you have often craved. Roatán is impressive when it comes to real estate. With less than $175,000, you can afford a home, free of invasion from nosey tourists.

Roatán, Honduras


Your dream getaway in the Caribbean island should not slip out of your reach. With the islands mentioned earlier, you can finally find that Caribbean escape of your dreams.