$9500.00 – 1/4 Acre Lot Ocean View Caribbean Corn Island
1/4 Acre Lot Ocean View Caribbean Corn Island
Current Auction Price: $9500.00
Current Bids: 0
Zip Code: 85007
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Lowest Priced Caribbean Ocean View Lots On Growing Island
Original Prices: $45,000 – $65,000 USD (Financing Available)
Big Corn Island was named the number one undiscovered island in the world by the
L.A. Times. It was also Ranked as one of the top five caribbean islands to
invest in by newire real estate investment magazine. This is an opportunity to
get into a an investment grade Caribbean Island. The lots are 1/4 acre each with
fantastic ocean views approximately 2 blocks from a beautiful white sand beach.
Big Corn island offers world class reefs for snorkeling and scuba diving, their
are sunken spanish ships offshore. There is power and several small hotels and
restaurants, bank and medical clinic. Big Corn island now has fiber optic installed for
High speed internet. Corn island is approximately four square miles and
has a population of approximately 7000 people. The primary employment is lobster
fishing. This is truly a Corona commercial location. The people are warm and friendly. The investment
opportunity is unbelievable. Corn Island has just announced the airport will be
turned into an international airport next year. This will make it the second
international airport ( Managua is the other) in the country. In 2008 the first cruise ships started to have stops at the island. Currently
you can reach the island by air ( 6 flights daily from Managua) or boat from
Bluefields. 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 of $850. 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 on the island 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 on the island average $700.00 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.Cash deal. If you are intersted in financing price for the lot is $12,000 with 50% down, 3 year note 6% interest.
last lot to sell on the property sold for $55,0000 in 2008.
Buyers cost for transfer, attorney’s fees, title search, etc will run about $3000.
50 % of the amount is due as a non refundable deposit within 1 day after the auction. Another 25% is due upon signing contract which will be 4-7 days, with the balance due when all paperwork has been finalized which takes 4-6 weeks. The process is very simple and i can send a copy of the contract upon request. If the entire amount is paid up front i will discount 5%. I am selling this lot cheap due to my wife having cancer and covering medical bills.Thanks!
Pictures 3&4 are of the lot. the Pictures of the houses are of houses on lots in the same development. Lot for sale is lot 10.Beach pictures 10&11 are of the beach across from the prperty
Immediate Sale Price (if available): $12000.00
Starting Price: $9500.00
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