Monday, March 01, 2010
Dear Reader,
Gran Pacifica is an hour west of Nicaragua's capital, Managua. Developer Mike Cobb bought the land with partners ten years ago. Mike had a grand vision to do something special with the 2,500 acres and 3.5 miles of oceanfront he had acquired. He wanted to build a community.
At International Living's Ultimate Event in Quito Mike made a very special offer to attendees.
Mike offered a finished casita (little house) to attendees for $109,900...that's a discount of $28,100 from the list price. Better yet, financing is available interest-free for the first three years. At the end of three years, the outstanding balance can be converted to a loan. Your payments for the first three years will be $1000 per month. If you convert the outstanding balance to a loan, Mike's schedule shows a monthly payment of $899 for 10 years. This little house has vaulted ceilings and granite kitchen counters. Air-conditioning and gentle sea breezes keep the temperature cool. The golf course and village centre is close by. Mike has agreed to extend this offer to readers of The Pathfinder Alert. I strongly urge you to contact Mike's head of sales, Kent Payne, today. I expect this casita will sell fast.
Mike did things right. He frontloaded his infrastructure spend. Roads, water, electricity and even fire hydrants were all in place throughout Phase 1 before a sod was turned on the construction of the first home. His group has invested $20 million in Phase 1. Today, 100 homes and condos are built or under construction.
And, in December 2009, Mike hit another major milestone. The front nine of the Emerald Course opened for play.
This is designer Tommy Haugen's masterpiece. Today, resorts in the U.S. wouldn't give him carte blanche as he negotiated at Gran Pacifica. The U.S. number crunchers are more interested in building condos on prime real estate than having greens with views. Thanks to Tommy, we can still find places where we can play shots to greens with uninterrupted views to the ocean. Gran Pacifica is one of those places.
There will be four sets of tees (plus seniors) and dark volcanic sand bunkers throughout. Tommy isn't just collecting a design fee. He is a committed equity partner. For him, this is a legacy project.
There will be a total of 10,000 square feet of facilities here, including a pro shop, restaurant, locker rooms, pool and grill/pub. Greens at the practice facility will be top quality and can be played as a short course.
Mike Cobb is doing things right. When I first walked the land with him almost six years ago he had a grand vision to do something special. He's delivering. And not just with the golf course.
Homes are completing, large haciendas are under construction (over 5,500 square feet), the new luxury condominium (Milagro del Mar) is tying steel and reaching skyward. Mike's plans call for an additional 27 holes.
Thirty yards from the second tee box of the Emerald course is the Casita Village. With just one bedroom, these little houses have delightful open inside and outside space. Construction is to a high standard. California standards, in fact. Tile roofs, ceramic floors and ocean air help keep temperatures comfortable. Concrete and steel piers provide support while the stucco exterior and plaster interior are aesthetically pleasing.
These little houses have both charm and practicality. While free standing, they have the benefits of "lock and leave". Gran Pacifica takes care of all exterior maintenance as part of the association fee that also covers common areas. Perfect for a vacation and rental unit...or for those of us who just don't want the headache of maintenance.
All owners in the Casita Village automatically get social membership of the golf club when it is constructed (the pro shop is being built now). Owners also have the option of purchasing a lifetime playing membership.
This little house is available to you for $109,900, with 3 years of interest-free financing
That's the type of price you might expect in a pre development project in a backwater. But, here in a project like this...
Contact Kent today. This unit will be snapped up quickly.
Ronan McMahon
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