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Paradise Bay...
A
Private, Gated
Residential Sub-Division
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To View Properties Map |
A
breathtaking, once-in-a-lifetime opportunity to own
a spectacular ocean view lot just minutes south of
San Juan del Sur. Dramatic views of the Pacific ocean,
the bay of San Juan del Sur, and south to Costa Rica.
Quite simply, a dream location for that tropical vacation
home, and an unprecedented opportunity for the real
estate investor to secure real property for future
appreciation. Homes built here will be some of the
most sought after in all of Nicaragua.
Community
Amenities will include:
• Clubhouse with pools, barbeque, and relaxation
decks
• Gated entrance with on site 24-hour security
personnel
• Shuttle service to and from town
• Oceanfront access
• Underground power and water
• Private reading, artist, and meditation areas
• All weather road surfaces
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Executive
Overview:
Nicaragua is a nation undergoing dramatic change. We all
recall the images of a war-torn country filled with civil
strife and constant violence, but today Nicaragua is a
country renewed and poised to attract a new breed of trendsetters.
Newport Beach. St. Tropez. Acapulco. The French Riviera.
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| All
were once the figment of someone’s imagination.
Today they are the epitome of glamour and leisure. Since
the eighties, Nicaragua has passed peacefully through
three democratic changes of power and today is a constitutional
democracy that respects human rights. According to the
U.S. State Department; nowhere in the hemisphere is the
political transformation and expansion of democracy better
exemplified than in Nicaragua. The economic prospects
and its relations with its neighbors have changed positively
in a very short time. |
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With
all of her current progress, Nicaragua however remains
virtually unknown by mainstream travelers, hotel chains,
and international investors. North Americans and Europeans
looking to retire or build warm-weather second homes have
been buying land in Mexico and Costa Rica for decades.
Belize followed suit and became the next Central American
hot spot. |
| In
those areas real estate prices have escalated many times
with the increasing demand. As Nicaragua’s undeserved
stigma is being pierced by reports from the increasing
number of foreigners who are traveling and expatriating
there, Nicaragua is becoming the next land of opportunity.
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| A
very large population of “baby boomers” in
the U.S. controls unprecedented wealth. This group is
just entering retirement. Their demand for affordable
beach property and diverse vacation spots is expected
to by itself drive the success of this project. The very
recent success of another large residential real estate
project in Nicaragua, also on the Pacific Coast, points
out how Nicaragua’s stability and tax incentives
are beginning to attract this huge market. |
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Nicaragua
was chosen as the location of this investment because
Paradise Development Holdings, Ltd. (PDH) believes that
the country is in the early stages of a rapid escalation
in real estate valuations.
Paradise Bay, with its spectacular oceanfront location,
will become one of the premier, gate-guarded residential
communities in Nicaragua. It will attract those individuals
seeking the highest standards by virtue of its unique
combination of beach location, excellent access, upscale
homes, and proximity to Nicaragua’s leading port
of call. |
Project
Overview:
Over
the past decade or so, Central America has become one
of the most popular locations for North Americans and
others seeking a warm winter destination. The recent
success of places like Costa Rica, Belize, Panama, and
Honduras has attracted vacationers and second homebuyers
in great numbers. The FOX television show “Temptation
Island” added another dimension as millions of
viewers from around the world witnessed the beauty of
this region. |
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| With
the increased demand for prime ocean view property, and
the escalating values of real estate in these countries,
it was just a matter of time before Nicaragua’s
success began. The general project approach is to build
in phases, beginning with the cutting in of roads, then
bringing in utilities, and finally the marking in and
surveying of the 140+ home sites. |
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We
began making improvements to the project site in the spring
of 2004 with the initial road construction running from
behind the church in the town square to the southern most
point of the property. Some portions of the road are now
paved with high-quality inter-locking pavers that will
be standard where all hard surfaces are called for. We
are currently bringing in underground electricity, which
will set new standards of development for the area. |
| Water
wells have been drilled and storage tanks will be situated
underground throughout the community and completion is
anticipated late winter 2006. We have begun construction
on a 35-unit luxury detached villa collection. Pre-construction
reservations are now being accepted, see our web site
and click on Villas Viscaya. Waterfront home sites will
become available October 1, 2005 and shortly thereafter
we will be pursuing condominiums along the southern section
of the development. |
| Site
Location: The
property is situated one mile south of San Juan del
Sur on over 130 acres of rangeland, including over 300
meters of Pacific Ocean frontage on the west. The north,
east, and southern boundaries are bordered by undeveloped
open space. The average depth of the property is about
540 meters. The property is elevated, overlooking a
small rocky out cropping and across two small sandy
beaches. |
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| The
property boasts spectacular views of Costa Rica, Paradise
Bay, San Juan del Sur and beyond. The property is ideally
situated a short 15-minute walk from the restaurants and
stores in San Juan yet totally secluded from any of the
noise associated with living in town. Cruise ships moor
slightly north of the property offering interesting conversation
pieces. Only a small amount of significant areas of undevelopable
extreme slope exist on the site. |
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Due
to the sites location southwest of Lake Nicaragua and
the prevailing winds, there is a low incidence of mosquitoes
and sand flies compared with the Caribbean tropics. The
climate consists of two seasons, a relatively dry, warmer
summer extending from December through May, and a slightly
cooler, cloudier winter season from June to November.
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| Typically
the only period of long, heavy rains is from mid September
to mid November. When the temperature in the southern
U.S. is in the 90s and 100s during the day in the summertime,
the temperature at the project site will typically be
in the 80s. The generally favorable weather and constant
warm water contribute to a possible year-round tourist
season. |
| Foreign
travelers will access the site via Managua’s recently
upgraded airport, Aeropuerto Internacional (MGA). From
the United States nonstop flights exist from Miami and
Houston; there is direct (intermediate stops, no plane
changes) service from Dallas and Los Angeles. The project
site is an average drive of about two hours from Managua’s
airport along good quality paved highways. |
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Homeowners
will be able to sit on their patio drinking margaritas
and watch the cruise ships as they head north and south
and dock into the bay at San Juan. Property prices along
this stretch of coastline have already increased dramatically
and future appreciation prospects are very strong. |
| Paradise
Bay, with its spectacular oceanfront location, will become
one of the premier, gate-guarded residential communities
in Nicaragua. It will attract those individuals seeking
the highest standards by virtue of its unique combination
of beach location, excellent access, upscale homes, and
proximity to Nicaragua’s leading port of call. |
Click
image for larger view... |
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For
a tour of this property, please Click
Here to contact us
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