Coastal Real Estate Tour – Day 1

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Before leaving Ecuador we started chatting, via email, with Brooke Rundle at Coldwell Banker in San Juan del Sur regarding coastal property in Nicaragua. Subsequently, Brooke invited us to go on a tour of several developments along the central & southern Pacific coast of Nicaragua. We met up with Brooke and another couple from southern California, Joel and Rose, in Managua to begin the tour. On our first morning we met with Lori and Jorge Estrada, the developers of Montecristo, a one thousand acre oceanfront residential resort, located 1 hour west of Managua. Although in it’s early stages, Montecristo’s master plan will include 5 distinct communities and feature an 18 hole golf course, equestrian center, several restaurants, swimming pools, tennis courts and a Town Center with neighborhood market and shops. As you can see from the photos, there are some spectacual visitas throughout the project. Lori and Jorge were gracious hosts and spent all morning giving us a personal tour of the property, ending with a picnic lunch at their beachfront pavilion.

Lots with golf course frontage begin at $65,000 and beachfront lots begin at $199,000 and they currently have a lot/house package for $185,000, including a splash pool.

Our next stop was a few miles south at Milagro del Mar within the master development of Gran Pacifica. Milagro del Mar is a primier oceanfront luxury condominium project. The focal point of the property will be a spectacular cascading water feature and tropical garden leading down to a pool at the beach. Our hosts and principal partners of Milagro del Mar, Roger Keeling and Greg Elam, gave us a tour of the site and then treated us to a delightful beachside wine & cheese party, hosted by their lovely wives, Caroline and Sam. We had a wonderful time chatting with some of the property owners, sipping chilled wine, savoring the delicious pate and devouring Sam’s homemade brownies.

One bedroom condos at Milagro begin at $150,000, 2 bedroom at $270,000 and 3 bdrm. $400,000.

That evening on our drive back to Managua, we stopped at Trinity Furniture & Millworks, where Eli gave us a tour and showed us some of their beautiful custom furniture and millwork. Eli is extremely creative and artistic as you can see by the photos of the furniture he has designed. His dream is coming to fruition with the opening of a vocational training school in conjunction with the factory.

For further information and photos of Montecristo or Milagro del Mar you can go to their websites: www.montecristobeach.com
www.milagrodelmar.com