Sunday, July 26, 2015
The future is looking bright for Nicaragua. On its southern Pacific coast, essential development is happening. New roads are being built. An airport, too. Developers are catering to the growing wave of interest in the country's tourism sector.
People come to see its lakes…its volcanoes…its colorful colonial cities…and, of course, its many beaches. It's fast playing catch-up with its neighbor Costa Rica to the south. Its economy is on the up.
This is one of the world's last great frontiers—certainly the last great frontier so close to the U.S. (Flight time from Miami to the capital Managua is just over two hours; Houston is less than three hours.)
Real estate values are starting to rise…but in the high-end community I've been telling you about this week, you can still pick up a lot with an ocean view for under $100,000. (Only a tiny number of lots are left at that low price point.)
I've watched this community evolve since I first visited 11-and-a-half years ago. It has maintained its off-the-beaten-track and rugged ranch-like appeal—but it now comes with the benefits of five-star luxuries and amenities.
Rancho Santana community is owned by International Living's parent company, and it's created a high-end resort and residential destination that's completely unpretentious with a relaxing ambiance. Service is five-star but warm and friendly. It feels like a friend is just helping you out.
The developer has recently launched large condos, (called residences) with prices from $650,000. These will be made available as luxury rentals through the new boutique hotel a short stroll away, along Playa Santana.
I visited this January to check up on the progress of the new amenities at Rancho Santana. Like I told you yesterday, a new clubhouse and hotel have recently opened.
Things are roaring ahead for this luxury community. But there are still standout opportunities to buy your own piece of this frontier luxury getaway today.
Entry price for lots here is $85,000—but to be clear, just a tiny number are left at that low a price.
If you spend $110,000, you get great views and almost an acre of land on which to build. Developer financing is available, too. (You can request a brochure here.)There's no build requirement for these lots. But if and when you do decide to build, there's a full turn-key service for construction. Of course, you can choose to do it yourself if you prefer.
Spend $220,000 and you could have a nice home of 2,500 square feet with your own ocean-view pool with an infinity edge. In northern Costa Rica next door, this would be a million-dollar home. In California, it would cost even more again.
In the nearby Isla de la Guacalito community, the community being developed by the Las Pellas family, lot prices start at $450,000 for a good view.
Rancho Santana is a low-density community, too. Over those 2,700 acres, fewer than 500 lots are planned.
The action happens here at the clubhouse. That's where vacationers and residents alike hang out. But they have a lot more to do than hang out. There's a nature preserve…spa treatments…yoga classes…horse riding…and five distinctive beaches to surf, swim, or tan on.
If you do decide to develop your lot, you'll want to spend a lot of time down here. And if you want to rent your place out, you'll find a strong rental market. There's an onsite rental management service (though of course, you can rent it out yourself without a service.) Properties in the right locations—within walking distance to the clubhouses—hit about 50% occupancy at nightly rates of $200 to $450…or more. That's a gross income into the mid-$30,000s range or more.
With the new hotel recently opened, more vacationers are being drawn to Rancho Santana. That's good news if you want to rent a place, not bad. More tourists will want to come.
With the limited amount of lots available to buy, the opportunity is even stronger. The executives who oversee Rancho Santana also have their homes here. They want to ensure it remains luxurious and frontier.
Editor's Note: You can find out all about this stunningly located development by contacting the Rancho Santana team right here. The development boasts access to five stunning and unique beaches…each with different views of the stunning Pacific coastline. You'll find all you need to know by contacting the Rancho Santana team now for a full brochure.