A Home in This Premier Beach Resort Costs $100,000
Today's Financial News - Posted March 5, 2009
Along the southern Pacific coast of Nicaragua are rocky outcrops and pounding surf. Although frequently compared to the coast of Southern California, this doesn’t do Nicaragua’s Pacific coast justice in my mind.
By Ronan McMahon, Executive Director, Pathfinder International
The premier master planned resort community in Nicaragua is Rancho Santana and the latest phase (called the Seagate Village) is worth your attention.
Here, lots are available from $35,000 and $65,000 builds you a little casita-style beach house. In other words, $100,000 buys you a little beach house in this high-end luxury resort.
If you’re not familiar with Rancho Santana, it’s a stunning 3,000-acre reserve located just 50 miles north of the border with Costa Rica. It boasts more than two miles of Pacific Ocean coastline and five distinct beaches.
Rancho Santana is a fully-functioning resort community set on rolling hillsides and dramatic cliffs rising away from the water, allowing amazing ocean, mountain, and valley views; 600 acres have been set aside as nature reserve and for residents to hike, bike, and experience nature.
The lots in this new phase range in size from a third- to a half-acre. The gently sloping topography makes these lots perfect for building.
The clubhouse and Rancho Santana’s amenities (tennis, surfing, horse riding, convenience store, spa) are a five-minute stroll away. The beach is less.
These are exciting times at Rancho Santana. The resort is buzzing with residents and visitors. Rentals are in short supply. Demand almost outstripped supply for most of January. When the rainy season comes there will still be demand for rentals.
This is surf season and the surf along this stretch of coast is world class.
Investors and homeowners here include International Living’s Founding Publisher Bill Bonner and most of Agora’s (International Living’s parent company) Executive Committee.
It is now 10 years since they first surveyed this magnificent property from horseback. Today, Rancho Santana is something they are proud of…and with good cause.
There has never been a better time to buy at Rancho Santana. The low prices of this latest phase reflect neither the beauty of the coast nor the standard of the resort.
In the medium term I expect prices to converge with those across the border in Costa Rica (today, prices in Rancho Santana are one-fifth what you would pay across the border). Long-term, I expect prices here to increase much further.
If you’re interested in one of these $35,000 lots, contact Marc Brown: marcb [at] ranchosantana [dot] com.
Editor’s note: Ronan McMahon has been an active real estate investor since his early 20s, he is the executive director of Pathfinder. Pathfinder’s mission is to scour the globe to find the most unique and value-oriented real estate opportunities the world has to offer. Ronan is a regular contributor to the International Living newsletter. Find out more about International Living here.
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