Ocean Home

April/May 2012

Ocean Home magazine is for people who love the luxury oceanfront lifestyle, from home design and decor to world-class beach resorts, villas, hotels, and destinations.

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For years, Costa Rica has been the "it" place for international real estate investors and retirees. Now that the market in Costa Rica seems to have matured, Nicaragua, its neighbor to the north, is fast becoming a popular location for those second-home buyers and retirees who desire a coastal lifestyle at an affordable price. Lucky for them, the portfolio of oceanfront and ocean view choices continues to expand. Ranging from the eco-luxe Aqua Wellness Resort to the super-luxe Guacalito de la Isla, the central and southern Pacific coastlines have recently welcomed dozens of new devel- opments. Other properties popping up along this stretch include Milagro del Mar, Monte- cristo, Pueblo Santa Fe, Tamarindo Beach & Ocean Estates, and many more. Furthermore, Nicaragua has made a com- mitment to growth and economic security, with a number of laws designed to attract investors and foreign retirees. Nicaragua's minister of tourism, Mario Salinas Pasos, says many of those benefits include substantial tax incentives. "Under the new laws, retirees and foreign residents can import up to $20,000 worth of household goods for their home, duty-free, [as well as] import and/or purchase construction materials for up to $50,000, tax free, for the construction of a house." Nicaragua wants to be your second home or your retirement destination, and its stun- ning oceanfront real estate opportunities also extend a warm invitation. Aqua Wellness Resort Aqua Wellness Resort is a new eco-luxe development perched on a forested hillside overlooking a perfect crescent beach on Nicaragua's unspoiled Redonda Bay. This eco-friendly development north of San Juan del Sur has received much attention for its very progressive and stylish architecture. The development offers 25 eco-friendly for your eyes only Opposite, clockwise from top left, an infinity pool, spacious accom- modations, dining, and cliffside houses at Pelican Eyes. Previous spread, a treetop villa with plunge pool and peaceful Redonda Bay at Aqua Wellness Resort. 84 treetop villas that range in size from 1,150 to 1,500 square feet, and there are plans and space to add 16 more. The houses are built on pilings amidst the tropical forest and made of sustainable local wood and stone. Aqua's villas feature the finest contemporary furnishings, state-of-the-art appliances, and spacious ter- races with ocean and/or forest views. Most vil- las have multiple bedrooms, plunge pools, and separate kitchen/dining bungalows, making them ideal for families and extended visits. The kitchen/dining bungalows are divine, featuring top-of-the-line appliances, granite countertops, and stunning views. But should you chose to put away the pots and pans (and we recommend you do) the property's restau- rant, Bromelia, is an open-air dining delight that overlooks the beach. Beyond the ambi- ence, the food is flavorful and healthy, and Aqua's cuisine features fresh local seafood, as well as produce from the chef's organic farm on the island of Ometepe. Elaborate paths wind through the trees, leading to the beach and an 1,100-square-foot yoga platform. Onsite yoga and wellness instructors offer classes in a variety of yoga techniques, cooking, and nutrition. Plus, the property's hillside location will give you ample opportunities to get your heart rate up. From the outdoor yoga pavilion to the custom spa to organic cuisine, Aqua com- bines wellness with a unique connectedness to nature. The privacy, amenities, and pricing should make Aqua a popular vacation home option. Aqua Wellness Resort villas start at $395,000. Aqua offers several vacation and wellness retreat options for those who prefer to simply visit. aquanicaragua.com. Guacalito de la Isla Guacalito de la Isla is a 1,670-acre sustainable resort development emerging from Nicara- gua's Emerald Coast. Homesites at Guacalito de la Isla have been arranged along fingers of land to take advantage of the best ocean views in the country while also preserving individual privacy, intimacy with the natural surround- ings and the protection of important conserva- tion areas. Some cradle the ridgelines, while others fringe the beach or the golf course. Perched high on a forested hillside at Guacalito de la Isla is the neighborhood of La Reserva, a private residential enclave which will be home to 46 families. Homesites in the

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