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4 Bedroom Property for Sale, Pelican Eyes, San Juan del Sur, Nicaragua

San Juan del Sur, Nicaragua

Property ID: 61284

4 bedroom property for sale in Nicaragua with great rental history within the Pelican Eyes development in San Juan del Sur.

Home for Sale in San Juan del Sur with Great Rental History

Located within the Pelican Eyes development in San Juan del Sur, Nicaragua, this property comprises 2 separate but connected villas containing a total of 4 bedrooms, 2 futons that convert into queen size beds, 2 living areas, 2 kitchens, 6 bathrooms, 3 outdoor showers, and 2 private swimming pools.

The property would be ideal for a large single family unit, or, alternatively, you could live in one unit and rent the other, or operate as 2 interconnected rental villas.

The property comes with a fantastic rental history which offers tremendous opportunity for a buyer.

Excellent Value

The property also offers excellent value, having been significantly reduced in price. N.B. the buyer will pay all closing costs and transfer fees – estimated total is $568,000.

Offered at only $666.22 per square meter or $61.75 per square foot, you could not build this huge property for this asking price.

Villa 1 – 3 Bedrooms

The larger of the 2 villas features 3 bedrooms (2 doubles and 1 twin) on the lower entry level, each with an en suite bathroom, ample closet space and a private patio/balcony overlooking San Juan del Sur and the ocean.

The master bedrooms is located next to a private Jacuzzi plunge pool.

The main living area is located on the upper level and includes a large kitchen with a huge gas range, oven and breakfast bar, dining area and sitting area.

Doors open on to a covered patio ideal for BBQs and outdoor dining while enjoying the fantastic views of the Pacific Ocean, San Juan del Sur, and the valley to the north.

Villa 2 – 1 Bedroom

The smaller of the 2 villas features its own fully equipped kitchen, sitting area and dining area on the lower level.

A second pool is located on this level alongside a small thatch roofed ranch, deck chairs and hammocks.

The master suite is located on the upper level and includes an en suite bathroom with walk-in hot shower and a private shaded patio.

Energy-Efficient Technology

The property comes equipped with technology for energy efficient operation including Sense monitors that shut off the air conditioning if a door or window has been opened for more than 5 minutes, exterior photocell security lights that are inexpensive to operate, computerized Pentair Variable Speed pool pumps, automatic pool chlorinates, and a propane backup generator with an automatic 4 second delay.

Pelican Eyes – Amenities

Although this property is located within Pelican Eyes, it is a separate from the resort, but has deeded access.

The current owners choose to pay $50 a month to use the resort pools but this is not mandatory if you do not wish to access the resort pools.

Currently this property does not form part of the Pelican Eyes HOA, however the option to join is available if desired subject to a monthly HOA fee of $330.

A guide to Nicaragua

  • Average asking price $661,091
  • % + or - average property price -240%
  • Property price range $190,000 - $2,495,000

Reasons to invest in Nicaragua

  • Emerging real estate market with comparatively low prices.
  • Rapidly growing tourism destination considered one of "the best under-the-radar destinations" in the world.
  • Attractive retiree incentives, including duty-free import of household goods, vehicles and building materials.