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1/4 Acre Lot Pacific Ocean View Chinadega Nicaragua
Ocean view, Pacific Ocean, Nicaragua,beach lots
Current Auction Price: $12000.00
Current Bids: 0
Zip Code: 85284

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Original Price: $45,000 – $60,000 USD (Financing Available)


 This is an opportunity to
get into a an investment grade property on the Pacific ocean in Nicaragua. The lots are 1/4 acre each with
fantastic ocean views approximately 1 block from a beautiful beach.
. The investment opportunity is unbelievable. Do not miss out on this once in a lifetime chance to own a piece of
paradise. We have an attorney in Managua who can handle the transaction for you
if you do not wish to travel for the closing. He is an approved attorney by
First American Title out of Miami Florida. Title insurance is available at
buyers expense. A 4% transfer tax is due at closing. An annual property tax of
1% is based on the assessed value that typically is 50% or less than real market
value. There is a road maintenance fee of $15.00 per month and a $15.00 per
month fee to keep the lot cleared of vegetation, This fee goes away when you
build a house on the property. Construction cost in Nicaragua average $45.00 to
$65.00 per sq. ft. turnkey. We are Builders who handle all of your construction
needs. We can also assist you in renting your house out for vacation rentals.
New homes near the Pacific Ocean average $500.00+ per week for vacation rentals. Nicaragua
is only a three hour flight from Miami Fl. and Houston TX. Last year tourism
replaced fishing as Nicaragua’s leading industry. Financing is available


last lot to sell on the property sold for $40,000.
 

 

Property is located 35 minutes from Chinadega, which is the 4th largest city in Nicaragua.Roads are paved until the last 2 miles to the property. The property sits 5 miles from Puesta del Sol which is a Marina and hotel. There is great surfing within 3 miles of the property. THe beach in front of the property is a great family beach. Power is currently 500 ft from the corner of the property, water is done by well and sewage by septic. Terms are 50% due within 24 hrs of end of auction, 25% due when contract is executed(4 -7) days and the balance upon issue of new title 4-6 weeks. With this auction you can pick from lots, 59,58,57,44,43,42,36,13. 59,58 can be sold together for a half acre or 42,43,44 for 3/4 of an acre. There are 2 beach front lots 61 and 67 also available for sale, inquire for those lots. Please email with questions, Thanks! The reason i am selling a few lots so cheap is the fact that my wife has ovarian cancer.

Immediate Sale Price (if available): $19000.00
Starting Price: $12000.00