The picturesque town of Granada has for some time been a great favorite with both expats and the middle class citizens of Managua. Granada’s colonial charm has made its period residences alluring to buyers with an interest in renovation. The upshot is that property in Granada’s Old Town is so popular that the affordable residences of the past have already been snapped up. The opportunities that now exist tend to be priced beyond the budget of most would-be home owners.

However, before you lose hope of ever finding a desirable and affordable home in Granada, I am happy to bring you news of some unique opportunities offered at the town’s first true condo development—Condominios de Xalteva.

Exclusively designed by renowned Nicaragua architect Gabriel Urcuyo, Condominios de Xalteva is a collection of eight two-bedroom, two-bath units ideally situated within walking distance of the historic Parque Central in Granada.

The Xalteva condos comprise four ground-floor and four second-floor units that share a pool, patio, palapa and private parking—all this with the bonus of 24-hour security. Each unit covers 1,060 square feet, and includes a private rear patio, and a lock-out feature on the front bedroom for separate use.

All homes have tiled floors throughout, as well as tiled bathroom showers. The first-floor units have exposed natural beam ceilings, while those on the second-floor have been finished with attractive caned ceilings, after the local style.

The kitchens here have been fitted with wood cabinets and tiled counter tops, and for your convenience, each home comes with three remote-controlled wall-mounted air conditioners, and has also been wired for cable television and Internet connections. A backup water system is in place, with an optional backup power system—an indispensable feature in Nicaragua.

All this is on offer—right in the heart of the central Granada market.