This unique, luxury home is currently being constructed within a private, gated community situated on the edge of the city of Granada, just 400 meters from Lake Nicaragua and two boating marinas. Residents of this community can take advantage of a truly unique living experience that includes amenities such as a private club house with restaurant, bar, special event space, and several luxury guest rooms. A large pool and two tennis courts will also be available for residents to enjoy in this relaxing and picturesque environment. Additionally, 24 hour security is provided and full service property management is available. High speed internet is also available.
**NOTE** The images provided are virtual creations of what the finished product will look like. The house is currently still under constuction. Please contact me with any inquires reguarding the timeline of the construction.
Nicaragua offers one of the highest returns in real estate investments and tourism growth in the Central American region. And within Nicaragua, the colonial city of Granada is one of the most important areas for growth and development. Tourism has grown at a rate of 19% per year since 2002 and in 2006 Nicaragua was visited by nearly 800,000 tourists from around the world. Currently, more than 8,000 Americans call Nicaragua their permanent home.
U.S News & World Report rated Nicaragua one of the 10 best places to retire in a recent survey. Lonely Planet has recently listed Nicaragua in the top 5 destinations in the world. MSN Money in December 2005 wrote that Nicaragua was “The world’s best kept retirement secret” while QC Magazine called Nicaragua “the new Florida”.
Granada continues to be the most important tourism destination in the country and is growing in its fame at international levels.
Granada is a city of great antiquity founded in 1524, making it the oldest city in the Americas and one of the most popular destinations for travelers from around the world. It is centrally located for easy access to many other destinations in Nicaragua. In and around Granada you can view the giant pre-Colombian statues at San Francisco Church, zip down the canopy lines on the slopes of Mombacho, experience great fishing around Las Isletas (300 island archipelago), lounge in Laguna de Apoyo, or simply enjoy a horse drawn carriage ride through the quiet streets lined with Spanish Colonial homes and grand churches (some more than 400 years old). The city is always lively and filled with international travelers. Granada is also a restaurant town to be sure, and offers cuisine from around the world at very reasonable prices.
Granada is by far the one of the areas that has experienced the fastest growth in property value and in all businesses related to the tourism industry in Nicaragua. In Granada more than 50% of the Spanish Colonial style houses have been purchased and refurbished by Americans now living full or part-time in Granada. The Colonial market is inflated and little is left available at reasonable prices. However, tourists, retirees, vacation home buyers, and investors continue to flock to Granada in search of reasonably priced property and homes.
OUR BEAUTIFUL LOCATION: VILLA LAGOS AT GRANADA, NICARAGUA
Our unique location is “one of a kind” and our proximity to Granada is very attractive. We are close enough to the city’s central park (less than two kilometers) to experience the wonderful restaurants, culture and bustling city nightlife, but far enough away to avoid the noise and other hassles of city living. The property is located at the base of the Las Isletas Peninsula in a private woodland area. Managua is only 45 minutes away. Masaya, Laguna de Apoyo, and Catarina are all less than 30 minutes to the northwest. Mombacho overlooks the city 5 kilometers to the south, while Zapatera is 30 minutes away. Rivas and Ometepe are less than an hour to the south, and San Juan del Sur is only 90 minutes to the southwest.
RECENT MARKET TRENDS
- Property prices start very low but are increasing rapidly - investors have seen returns as high as 60% to 300% in certain areas since 2000.
- Price increase has been an average of 25% per year since 2002.
- Nicaragua experienced a 47% increase in new business in 2005.
FOREIGN INVESTMENT IN NICARAGUA
- Since 2002, 10 major shopping centers have opened.
- Many infrastructure projects are underway and will provide upgrades in roads and utilities. Managua and Granada are now connected by a new 4 lane highway, and a Pacific Coastal highway is being planned.
- In 2005 GE acquired a 49.9% stake in BAC Bank, one of Central America’s (and Nicaragua’s) largest banks.
- Wal-Mart has purchased the Pali grocery store chain.
- Managua International Airport has recently been completely renovated.
- BellSouth, PCS and Enitel now operate cellular phone networks in Nicaragua
- Other major investors include Bayer, Unilever, Esso (Exxon) and “On the Run” stations, Coca Cola, and Shell.