Finally, the contract with the developers of Rancho Santana is ready to be signed.

When I visited Nicaragua back on February I’ve met with a local law firm that would serve as my legal proxy for signing all the legal documents. That would allow me to do almost anything without having to arrive to Nicaragua.

Back in mid April I received the first draft of the documents. Since than I was working with the Nicaraguan lawyer to comment and fix it, and now with the updated lot size everything seems to be ready to sign.

I must add that the developer was very accommodating during this process. I don’t think I had any unreasonable change requests but I always get a feeling from working with Marc and the other people of Rancho Santana that they are genuinely trying to make thing done!

I will have my lawyer to sign in my name and start liquidating some other investments to have the initial payment wired.

Feb 192010

There are about 15 people in the group that I arrived this week to the Rancho Santana development. Most are accommodated in the cassitas near the club house while few, including me, are located in one of the hoses in the development. The house, called Cinco Banditos (Five Bandits) by it’s owner, is located on one of the hills watching the ocean.
The doors of the house open to a wide open lounge with amazing ocean view. The lounge is covered with a local natural roof, but besides the door leading to the kitchen and a corridor leading to the rooms there are no walls and the great wind passes through it.

Rancho Santana, Nicaragua – 19-Feb-2010Rancho Santana, Nicaragua
Rancho Santana, Nicaragua – 19-Feb-2010

The house has 5 large bedrooms, each with it’s own bathroom, but I prefer to use the nice infinity pool just below the lounge.

Infinity pool and view to the ocean – 19-Feb-2010Infinity pool and view to the ocean
Infinity pool and view to the ocean – 19-Feb-2010

From Granada we drive to the city of Rivas, the capital of the Rivas department. There are about 150,000 people living in Rivas. After a short pit stop we head towards Rancho Santana.

Rancho Santana is one of several developments on the pacific coast of Nicaragua, and probably the most advanced from all of the other developments. The developers of Rancho Santana bought the 1,700 Acres around 1999 and ever since they invest in it while selling properties in it.

Reaching Ranco Santana takes about 20 minutes ride on a decant dirt road from Rivas that leads west towards the Pacific. When me and the group I’m with  reach the gates of the development we enter the welcome center and get a short brief about Rancho Santana. Marc, the salesman of the development, promises that this would be the last sales pitch we would hear and that the development would do the rest of the “selling”.

The welcome center has a nice maquette of the development where we can see the different “neighborhoods”, main club house, the surfing beaches, diving beaches, and the “natural reserve” area.

 – 21-Feb-2010
– 21-Feb-2010

From the welcome center we drive down to the club house down at the beach. The club house serves as a hub for the people who live at Rancho Santana. It has a restaurant, a pool, lounge, bar and some guest rooms. Near it is the SPA, stables and local convenience store.

I’m eager to see the available lots and sign to join the first tour around the development.

I drive around the development with Marc. We stop here and there to get some views of the place. It’s stunning! The whole area is hilltops and Pacific beaches. Few houses are build here and there, but there is tons of open land in between. The views are breath taking.

 – 19-Feb-2010
– 19-Feb-2010
 – 19-Feb-2010
– 19-Feb-2010
 – 19-Feb-2010
– 19-Feb-2010

One of the lots we see catches my attention immediately. Lot M25 is a 1.7 dunam (about half an acre) lot on top of a high cliff. Most of it is sloped sharply towards the ocean and doesn’t allow much space for the house but the location is absolutely stunning. Full panoramic view to the west offers an unobstructed view of the Pacific ocean, with an amazing sunset just in front.

M25 - Look to south-south-west – 22-Feb-2010
M25 – Look to south-south-west – 22-Feb-2010

After that Marc shows me the small condominiums project they built. It’s 6 buildings, each with two 3 bedroom and two4 bedrooms apartments located literally on the beach. They are on last stages of construction and some of them are already populated by owners and renters.

 – 19-Feb-2010
– 19-Feb-2010
 – 19-Feb-2010
– 19-Feb-2010
 – 19-Feb-2010
– 19-Feb-2010
 – 19-Feb-2010
– 19-Feb-2010

The beach right outside of these windows is Santana beach – a world class surfing beach. Marc, a self proclaimed surf fanatic, can hardly take his eyes of the waves. I begin to understand what he meant by that… The apartments are well build in top class utilities including central propane, electricity and water. The kitchens are well equipped to US standards and the whole feeling is of a great comfortable place to stay.

In the evening we enjoy cocktails with some of the local owners. Later I retire to sleep in one of the houses in the development.

Images of Nicaragua

 – 19-Feb-2010
– 19-Feb-2010
Lot cut March 27
Lot cut March 27
Floorplan sketch C - March 28 – 27-Aug-2010
Floorplan sketch C - March 28 – 27-Aug-2010
 – 18-Feb-2010
– 18-Feb-2010
Plan 1 3D sketch
Plan 1 3D sketch
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