Milagro del
Mar Resort in Nicaragua
Resumes Construction After Waiting Patiently for World Market to Rebound
Milagro del Mar Beach & Golf Resort on
Nicaragua’s Pacific Coast restarts construction on luxury condos, launches an
eco-community and prepares to announce a major international hotel partner
San Diego Beach, Nicaragua -- After throttling
back its activities in 2009 in response to the economic downturn, the team at
Milagro del Mar Beach & Golf Resort is now pressing ahead with an
aggressive relaunch strategy. Construction of the Ocean Village
luxury condominiums is back on track, an innovative eco-community is underway
and new custom homes are under construction. An announcement also is coming
soon on the addition of an international hotel partner.
As it
begins this new evolution, Milagro del Mar in
Nicaragua
already features existing beachside condominiums and a number of private homes
on approximately 500 acres of oceanfront property along the Pacific Coast of
Nicaragua. A nine-hole golf course is open for play, with an additional
nine-hole layout planned for the next phase of expansion. Eventually, the
resort will feature the Country Club of Milagro del Mar, offering golf, tennis,
fine dining and other recreational activities.
Other
amenities currently include an oceanfront restaurant, a surf shop and ready
access to two world-class breaks, a stable offering horseback riding, and La Vida Nica, an on-site concierge group that provides
services to property owners and resort visitors. With rentals and packages
available, Milagro del Mar has become a favored vacation destination for
individuals and families from throughout Central America, the United States and Canada.
“We
were able to weather the downturn and actually benefit from it in terms of
additional planning and the opportunity to expand our land holdings,” says
Roger Keeling, who heads The Keeling Group (TKG), which is developing the new
Milagro del Mar. “We were able to put new financing in place and are now
pushing forward quickly in what we feel is a rapidly improving market. We also
are benefiting from the strong economic expansion here in Nicaragua, which is seeing
significant gains in outside investment and tourism, as well as phenomenal
growth in its GNP.”
The
master plan was substantially revised and expanded after TKG acquired
properties and amenities that were previously part of Gran Pacifica, a master
development. The revamped plan still centers around the newly named Ocean Village luxury condos, a neighborhood of
two- and three-bedroom luxury condominiums and villas situated on land sloping
toward the ocean. The first condominiums are set for completion in the first
quarter of 2014. The village also will contain a luxury hotel.
Homes
also are underway in Milagro Verde, an
innovative eco-community designed “to provide green living without sacrificing
luxury.” The “right-sized” single-family homes utilize geothermal heating and
cooling, and passive solar water heating.
Milagro
del Mar also offers homesites adjacent to the ocean in the San Diego Viejo
neighborhood and along the golf course. The resort community already contains a
number of custom homes and casitas.
“The
interest we’re receiving has been very positive, and more and more people are
expressing the desire to come for one of our special in-country tours to learn
more about Nicaragua
and what we’re doing here,” Keeling says.
According
to Keeling, both Nicaragua
and destinations such as Milagro del Mar are gaining momentum from improving
markets. The country has experienced steady upward trends in most sectors of
its economy, and its recognition is spreading as a safe and welcoming place to
visit, invest and live. Keeling points out the appeal of the low cost of
living, available healthcare and favorable tax laws to retirees seeking to
maximize their funds, while noting that there also are many “value seekers” who
have recognized the lucrative investment opportunities in Nicaragua.
“Needless
to say, it’s exciting to crank up our activities again,” Keeling says. “It
wasn’t easy to wait, but it certainly was the right thing to do and now ideally
positions us to move forward and create new momentum. It’s often said good
things come to those who wait. For us, we now believe better things are coming
for those who have waited.”
About Milagro Del Mar Beach & Golf Resort
Milagro
del Mar Beach & Golf Resort is located on
the Pacific Coast of Nicaragua, approximately one hour west of Managua. The resort offers
a wide selection of amenities and activities including golf, surfing, horseback
riding, guided eco-tours and oceanfront dining. A range of real estate options
are available, as well as rental properties, including condominiums, homes and
casitas. Complete information is available at www.milagrodelmar.com
Contact:
Phil
Alexander
phil@milagrodelmar.com
617/678-7940