The automatic assumption when analyzing a real estate option is that "best" must equal "expensive". Not this time.
Last week on a trip to the central Pacific coast of Nicaragua we unearthed what may be the best beach front bargain in the country. Nestled between the fairways of a stunning 18-hole, 7,060-yard, par-71 championship golf course (due to start construction in December) and the Pacific coast sands are a selection of exceptional beach front lots. Just steps away will be a luxury club house and restaurant and around the corner a second club house, fitness center, health spa and equestrian center.
Make no mistake, these beach front parcels fall within what is to sure to become the finest luxury resort community in the country, set on 1,500 acres of prime beach front land. Only a limited number are being offered and serious returns are likely for investors who take advantage of the pricing offered over the next few weeks, right before construction starts on the golf course.
Most investors looking at Nicaragua have headed to the southern coast around San Juan del Sur. The central coast of the country has been largely overlooked despite its proximity to Managua and the international airport. Perhaps this is because people expect to find the flat terrain and straight coastline that is more common further north.
They couldn't be more wrong...
Welcome to a magnificent ocean front setting. Here you'll find jagged shores, dramatic cliffs reaching far out to sea, blow holes, tidal pools, empty beaches, crashing surf... and hidden coves.
If you like your beach front properties with a bit of drama, this one's for you. Set against a backdrop of soaring cliffs that glow at sunset and framed by dramatic rocky outcrops, this is world-class beach front. Easily the same caliber of sand and coast as you can get farther north in California, but for a fraction, perhaps even one-tenth of the cost.
We're seeing it happen. The word is getting out about this section of coastline and people are coming. They are seeing seascapes that are absolutely gorgeous and they are buying.
We're talking from experience. Coldwell Banker Nicaragua Real Estate has run 15 Choose Nicaragua property tours so far this year and, by far, most of our sales have been on Nicaragua's central Pacific coast.
Remember you'll rarely find major hospitality brands such as the Four Seasons, Hyatt, St Regis, Mandarin or Starwood further than 90 minutes from an international airport. These beach front lots are just 60 minutes away and located on perhaps the most beautiful section of coastline in the entire country.
So when the hospitality brands start looking at Nicaragua, and the signs are that they have already started, guess where they will look the hardest and what that will mean for property prices...
A luxury ocean front residential resort is unfolding in this magnificent natural setting. The golf course is being designed by Mike Young whose courses have been recognised among the "Best New Courses in America" by Golf Digest. You'll be able to play early 2009 and enjoy ocean views from 13 of the 18 holes as the course winds up into the hills behind the beach.
Just about every seaside community has a clubhouse, but Reece, Hoopes & Fincher, the land planners, have gone one better. The project will boast several clubhouses, with fine and casual dining, spa and gym facilities, guest rooms, fully equipped equestrian center (the owner breeds Andalusians) concierge services and much more. The town center will include a salon, chapel, mini market and boutique stores.
There is a sense of energy here, the place is alive. Every time we visit, we see over 100 workers bringing the master plan to life and putting Nicaragua firmly on the high end destination resort map.
The beach front lots are located on one of most spectacular sections of Nicaragua's coastline, just 60 minutes from the international airport. The lots are part of a master plan designed to be the finest residential resort community on the coast. Championship golf, a close surf break, over 3 kilometers of stunning coastline and all the amenities you'd expect from a high-end resort. It's not surprizing that there is an upscale feel here. A sense of privacy and space.2. Capital appreciation
Serious returns are likely for early bird investors who take advantage of the pricing offered now, right before construction starts on the golf course. This is the same opportunity offered to real estate savvy investors in Costa Rica 15 years ago. For a limited time, two 1/4 acre beach front lots are available with a ground floor price tag. We've seen the price hike planned for 2009. Contact us for the full details.3. Security
The properties are fee simple, freehold title and the entire project has been insured by First American Title Insurance, providing the same levels of comfort investors are accustomed to in the US and Canada. We tell our clients that it is vital not only to know what you are buying but also who you are buying from. The owners live full time in Nicaragua and have brought together a highly experienced, multidiciplinay development team with an international track-record as well as local expertise to deliver on the masterplan. They'll answer all your questions from the specifics of the golf course membership to the particulars of the club house architecture.
What's more, the owners embrace a deep seated commitment to social responsibility and have shown leadership in supporting community development initiatives. They are determined that local Nicaraguan communities directly benefit from the real estate growth that is taking place in the country.
For more information on this magnificent beach front opportunity, please contact us or complete the form below.
"If you like your beach front properties with a bit of drama, then this one's for you."
"This project will put Nicaragua firmly on the high end resort map"
"I feel extremely fortunate to have the opportunity to design a golf course in such a setting" - Mike Young
"Every time we visit, we see over 100 workers bringing the master plan to life"