This is one of the biggest homes in this private island of St. George's Caye, 9 miles offshore from Belize City. St. George's Caye. This Caye was the site of Belize's 1st capital. Today this small island holds the vacation homes for the Belizean elite, one diving resort, and a rest and relaxation complex for the British Army. You can see some of the history of St. George's in front of the property, a British cannon, used in the historic battle between British settlers and invading Spanish forces. (Battle of St. George's on September 10, 1798.