ABOUT RANCHO SANTANA
Rancho Santana is a secure, residential community of 1700 acres set on rolling hillsides and dramatic cliffs rising away from the water, providing amazing ocean, mountain and valley views.
Nicaragua is only 3 hours by air from Miami and Houston is in the heart if Central America, and is exposed to both major oceans, the Pacific and the Atlantic.
In 2006, a group of investors including three of the orginal partners, Pinnacle Properties Nicaragua, picked up the opportunity of continuing to develop Rancho Santana. Together Pinnacles’s partners bring Rancho Santana more than a century of experience in business and real estate development, marketing, finance and construction.
The US based team has partnered in large luxury developments in locations such as Snowmass, CO and Key Biscayne and Boca Raton, FL. Under Pinnacle’s direction, Rancho Santana has a new master plan that takes advantage of the best for this property to offer, including five beaches, more than 600 acres of wilderness, a private club and dining room, a health spa, horse stables, tennis and basketball courts, nature trails and many other amusements and amenities. Rancho Santana occupies 1700 acres in and around the Pacific shoreline of Tola, Nicaragua, near the town of Rivas. Rivas is situated right next to the Pan American highway, which ensures a good connection with cities like Managua and Granada, as well as the Costa Rican border at Penas Blancas.
Nicaragua is only 3 hours by air from Miami and Houston is in the heart of Central America, and is exposed to both major oceans, the Pacific and the Atlantic. Rancho Santana provides an all inclusive lifestyle.
Whatever you need you will be sure to find it at Rancho Santana from a reflexology session to a helipad. From a bicycle to a gym.
Rancho Santana's Sea Garden Restaurant features fresh seafood and local meat dishes in an intimate elegant setting, or dine alfresco on the patio overlooking Santana Beach. If you're looking for a place to unwind, stop by Saddleback Bar and Grille on Santana Beach.
Saddleback Bar and Grille serves lunch and offers full bar service for afternoon and evening cocktails… all in a comfortable, alfresco atmosphere. We have sports on TV, music and live entertainment on Thursday, Friday and Saturday by Joselito, Rancho Santana's romantic, one-man orchestra.. If you need of any of the essentials, you don't have to travel into Rivas. Just head for The Feed Bag in the Old Stable Market where you will find meats, milk, soda, toiletries, household items and - yes - even a few familiar candy bars for your sweet tooth. You can also rent coolers and DVD's and swap books. Delivery, special orders and pre-orders available. The tennis court which is lit at night, is located on the entrance road to Rancho Santana, across from The Old Stable Marketplace. If you're a surfer, then Rancho Santana should be on your destination list. Some experts rank Nicaragua's Pacific surf as the best in Central America - and Rancho Santana is in the heart of the action.
At Rancho Santana, surfers will find breaks ranging from hollow, A-frame breaks, to classic point breaks, to ruler-edged tubes and outer reef breaks. The surf at Rancho Santana benefits from the offshore winds that occur 330 days per year in southwest Nicaragua.
The winds are accelerated across Nicaragua by the absence of mountains in the southwest region and by the presence of Lake Nicaragua to the east. Deep water swells range from 3 feet to 5 feet with bigger swells of 6 feet to 8 feet occurring regularly, and sometimes up to 15 foot swells, especially from March through November. December through February is less consistent, but during the calm months fun surf can still be found on most days. And because Nicaragua is still surfing's best kept secret, surfers at Rancho Santana enjoy these big, persistent waves all to themselves.
BUYING PROPERTY IN NICARAGUA
The real estate purchase process is essentially a two-tier process involving three parties: the buyer, the seller, and the notary.
Once you have agreed upon a purchase price with the seller, the notary will prepare a promesa de venta (promise to sell). This is a three-party agreement, signed by the buyer, seller, and notary.
Once again, a testimonio is prepared. This is taken to the property registry and an appraisal of the property is done. An appraisal certificate is issued and submitted to the IRS, along with testimonio. Once the transfer taxes have been paid the testimonio is recorded in the public registry office at the local municipal. To buy property in Nicaragua there are basically seven steps to follow:
1. Be prepared to walk away. 2. Find the proper lawyer that you understand and who has a good reputation. 3. Use an escrow account 4. Obtain the Escritura (Deed) and Plano (Property Map) 5. Obtain the Historia Registral (Property History), Solvenica Municipal (Property taxes paid), Libertad de Gravamen (Property Liens) 6. Have the topographer check the property boundaries
7. Obtain title insurance
This keeps the buyer in control of the entire process. A trusted agent with Poder (Power of Attorney) may be used to sign in your absence.
Once you have bought your new home, you want to make sure you can spend as much time in your new home.
The easiest way to begin your visa and residency requirements is to simply enter Nicaragua on a plain tourist visa (you get a 90 day tourist visa upon entering Nicaragua unless you are from one of a few restricted countries) and deal with getting a longer stay visa once you are in the country.
There are two types of residency visas. When obtained they grant you officialdom in the form of your very own cedula (residency card).
There is a permanent residence visa and the investor’s residence visa. They are nearly identical, with the exception of one additional requirement for investors, and both require a number of authorized and translated documents. Once in Nicaragua, begin the process by going to the immigration building and requesting a form for the appropriate resident visa.
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