Yes, there are several hotspots for San Pedro Belize real estate development. One of the most popular areas is Ambergris Bay, which features a mix of luxury resorts and high-end residential developments. The town center of San Pedro is also a popular area for real estate development, with a mix of commercial and residential properties available. Other areas of interest include the southern end of the island, which is home to several new developments, and the northern part of the island, which offers more affordable properties and development opportunities. Additionally, there is a growing interest in eco-friendly and sustainable developments in San Pedro Belize, which are focused on preserving the island's natural beauty and resources.