Monday, August 10, 2009
Gran Pacifica’s 2,500 acres includes 3.5 miles of oceanfront
Dear Reader,
I know you like the beach—that’s why I’m always on the lookout for a $100,000 beach house for you. My criteria are simple: The location has to be good enough…and the construction quality high enough…that my wife and I would consider living there ourselves.
This used to be a difficult search. But it’s getting easier. I had some recent success in Ecuador. And a bad U.S. housing market and economy means great deals in many of the places on my beat.
Right now, for $100,000, you can buy a casita (little house) in a high-end golf and beach resort.
Gran Pacifica is an hour west of Nicaragua’s capital Managua. Developer Mike Cobb bought the land with partners 10 years ago. Mike had a grand vision to do something special with the 2,500 acres and 3.5miles of oceanfront he had acquired. He wanted to build a community.
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. This December the front nine of the first golf course opens. Designed by Tommy Haugen, it’s set to be one of the finest courses in the region. 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.
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.
The price is $99,900 (plus closing costs of $2,999).
The head of sales at Gran Pacifica is Kent Payne. If you’re interested in one of the casitas, you can get more details from him here.
Ronan McMahon
P.S. Tourism numbers in Nicaragua are on the rise—up 9.8% in the first half of this year (compared with last year). There is growing rental demand for little houses like these casitas. Find out more from Kent today.
You might also be interested in:
Choose Your $100,000 Beach House
Nicaragua: Beautiful, Affordable…and Misunderstood
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