La Santa María – An investment property with a commanding view over the
Bay of San Juan del Sur
By Kelvin Marshall
Last Saturday the 12th of May 2018, I joined a group of locals and Expats on a tour of La Santa María; San Juan del Sur’s latest investment property. Natalie Sullivan, a US citizen and Nicaraguan resident (with over 13 years of experience in San Juan del Sur), was our host for the afternoon as we toured some of the 27 units in phase one of the project, which represents an investment of US $ 18 million.
The individual properties at La Santa María (LSM) range from two-bedroom apartments with private balconies up to large five-bedroom villas with infinity edge pools and private terraces. “La Santa María has been designed for every level of investment”, said the developer Julio Horacio Argüello Lacayo, who was on hand to personally explain his vision and how he managed to build 16 apartments, 3 lofts, 8 villas and a clubhouse with pool in just 11 months!
“When the second and third phases are finished, the project will have an investment of about US $ 40 million dollars and there will be 99 different homes, managed by La Santa María”, said Julio. “The total construction area is 22 thousand square meters. The smaller units are about 950 square feet and the larger villas are as much as 3,150 square feet”, Julio added.
Julio Horacio Argüello Lacayo is no stranger to property development, having completed projects here in Tola (just up the coast from San Juan del Sur) as well as in Spain and Miami. He knows what owners are looking for and what they will need when purchasing an investment property. All owners and guests will have underground parking or covered parking in front of their villa. In addition, backup power generators and a private water cistern will ensure a continuous supply of power and water.
Shared amenities include the resident’s club house, infinity edge swimming pool, a fully equipped and air conditioned gym as well as management and concierge services.
There are also some retail opportunities available at the entrance to the property. Julio said that he was open to, and looking for “some cool proposals that would complement the style of the development.”
If you are looking for an investment property with a built in rental program (this one being under LAW No. 306, “Law of incentives for the tourist industry of the Republic of Nicaragua”), then Natalie Sullivan (Celular: 011-505-8803-2037 or at firstname.lastname@example.org), the on-site sales person will be able to provide you with all the information you need.