Francis Ford Coppola’s Belize Island Retreat Sells for $1.8 Million
Filmmaking legend Francis Ford Coppola recently parted ways with his enchanting island sanctuary in Belize, selling the property for $1.8 million. As reported by Mansion Global, this picturesque retreat, named Coral Caye, is not just a piece of real estate but a self-sufficient paradise that has captivated the imaginations of many.
A Slice of Paradise
Coral Caye spans 2.5 acres and is located an 8-mile boat ride from the Belizean mainland. What sets this island apart is its self-sufficiency, boasting its own water tanks and solar panels, allowing residents to fully embrace off-the-grid living.
Coppola’s Tenure
Coppola, who is famed for iconic films like The Godfather trilogy and Apocalypse Now, had leased Coral Caye for nearly nine years. According to listing broker Peter McLean from Corcoran, Coppola cherished his time on this island, feeling a deep sense of attachment to it. McLean noted that Coppola frequented the island every three to six months, creating lasting memories in its tranquil surroundings.
Market Journey
The property was initially listed for $2.2 million in 2022, reflecting a significant drop in price before its eventual sale. The decision to sell came after the conclusion of Coppola’s lease, during which he maintained a strong emotional connection to the island.
The New Vision
The new owner, a Guatemalan businessman, intends to transform Coral Caye into a luxurious resort reminiscent of the Maldives. This ambitious project will include guest accommodations both on solid ground and extending over the stunning coral reef, connected by private walkways. Expected to be ready within 12 to 18 months, the resort will operate using the existing facilities in the meantime.
Historical Significance
Historically, the island served as a commercial fishing camp before its transformation into Coppola’s personal haven. The property houses three residences—the Great House, Coral Cottage, and Seahorse Cottage—which can accommodate up to 10 guests in total.
A Unique Feature
Adding a quirky touch to the sale, a furry resident named Rosie was included in the transaction. McLean elaborated, stating that Rosie, the island’s dog, has played a crucial role in the island’s welcoming atmosphere. Known for her playful demeanor, she enjoys roaming the sandy shores and swimming in the crystal-clear waters.
Seller’s Background
The island’s seller was Terry Tao, a Los Angeles-based lawyer who held onto the property for around 10 years. During this time, he constructed the main house, making significant contributions to the island’s charm. Tao did not provide additional comments regarding the sale or the property’s future.
Other Ventures
Earlier in 2023, it was reported that Coppola’s former home in Los Angeles was listed for $2.25 million. The home, purchased by Coppola in 1994, was later sold to his daughter-in-law, costume designer Jacqui Getty, and her director daughter, Gia Coppola, in 2013.
Living the Dream
Coppola’s island retreat captured the essence of tranquility and connection to nature, making it a sought-after location. With new ownership, the transformation into a resort is sure to attract visitors looking for a slice of that paradise. While Coppola’s chapter on the island has come to a close, its story is far from over.
Related Insights
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