Piedras y Olas :: Private Home Sales & Investment Opportunities

Frequently Asked Questions

What types of properties and prices do you offer?
How many homes do you plan on building?
How soon will I take possession of my house?
How big is my house?
How big is my lot?
Why should I invest in Pelican Eyes...Piedras y Olas Investment Properties?
How is Pelican Eyes...Piedras y Olas Hotel & Resort related to the Fundacion A. Jean Brugger?
If I become a homeowner at Pelican Eyes...Piedras y Olas, am I required to give money to the Foundation?
What happens if the hotel changes owners?
How can I learn more about the Fundacion A. Jean Brugger?
Couldn't I just build my own house on another piece of property?
What do existing homeowners have to say about Pelican Eyes...Piedras y Olas?
What is the long-term vision of Pelican Eyes...Piedras y Olas?
What are my house amenities?
What does "turnkey" mean?
What is the hotel like?
What are your hotel's amenities?
What is your hotel occupancy?
Describe your hotel prices and rooms
Tell me about San Juan Del Sur
What are the other homeowners like?
What is socially-conscious tourism?
What's the weather like in San Juan del Sur?
What are the closest airports to San Juan del Sur?
What is the payment schedule?
What is the projected return on my investment?
How will the title work?
Are there any fees for ownership?

Types of Properties and Prices

We offer four types of properties at Pelican Eyes…Piedras y Olas – villas, duplexes, triplexes, town homes and luxury cabinas – and only a limited number are still available. Villas are independent, free-standing houses, duplexes and triplexes share one to two common walls, and townhouses are staggered two-story units tucked into the hillside sharing a wall with one other town home. All prices are quoted in U.S. dollars.

Examples of Pricing

Ocean View Villa 2bd/2.5ba - starting at $600,000

Ocean View Villa 2bd/2ba - starting at $550,000

Ocean View Duplex 2bd/2ba - starting at $550,000

Valley View Duplex 2bd/2ba - starting at $500,000

Valley View Villa 2bd/2ba - starting at $500,000

Ocean View Townhouse 1bd/2ba - starting at $400,000

Ocean View Luxury Cabinas (studio) 1ba - starting at $200,000

Valley View Luxury Cabinas (studio) 1ba - starting at $175,000

Please email us at sales@piedrasyolas.com for an updated list of available properties and prices.

How many homes do you plan on building?
We expect we will have 80 to 90 total homes in Phases I and II. Phase III will consist of approximately 80 Luxury Cabinas and/or 1 bedroom units.

How soon will I take possession of my house?
From contract signing to turning the key varies upon location and size. This includes all planning, construction, furnishing, and detailing inside and out.

How big is my house?
All of the custom homes here range in size from 1700 - 2800 square feet with ceilings up to 20 feet high. Each home is designed to take full advantage of the best sea and mountain views.

How big is my lot?
Your house sits on land that extends at least 500 sq. ft. beyond the home’s interior footprint.Your lot is professionally landscaped for privacy while still allowing you to enjoy the spectacular views.

Why should I invest in Pelican Eyes...Piedras y Olas Investment Properties?
The many reasons Pelican Eyes…Piedras y Olas is a sound and secure investment.

Financial

Immediate return on investment through rental income once construction is complete
Our resort is in its third year of operation and is currently operating at a 70% occupancy rate
Competitively priced

Experience

Over 60 years experience in building and construction management in US, Germany, and Nicaragua
The only property with a proven local track record for developing and operating a luxury hotel and residential community in San Juan del Sur
Consistent history for on-time and on-budget building

Quality

Most unique and luxurious hotel and investment property in San Juan del Sur
A zero-maintenance experience, meaning we handle everything from plans, design, construction, furnishings, appliances, maintenance, rental, and all luxuries of a
Full-service hotel
Highest quality construction standards

Reputation

Known and respected in the community
Full-time residents of San Juan del Sur since 1989
Seamless long-term relationships with local trades people, suppliers, and artists
Leader in socially-conscious development through our partnership with the Fundación A. Jean Brugger

Community

Pioneer in sustainable business practices in Nicaragua
Founding member of the San Juan Del Sur Development Community Association
Partners with the Fundación A. Jean Brugger, to provide educational and employment opportunities to the community
Committed to environmentally-friendly building and fair trade business practices

How is Pelican Eyes...Piedras y Olas related to the Fundacion A. Jean Brugger?
Pelican Eyes...Piedras y Olas Resort and Hotel was founded as a profit center to financially support the Foundation, as well as a vehicle to provide education and employment opportunities to the community. The hotel’s profits cover all of the Foundation’s administrative costs, thus allowing 100% of donations to go directly to programs. The two entities are inextricably related in management, mission and social responsibility. In other words, one doesn’t exist without the other.

If I become a homeowner at Pelican Eyes...Piedras y Olas, am I required to give money to Fundación A. Jean Brugger?
You are not required to donate to the Fundación. However, when you purchase your unit we will make a donation to the Fundación on your behalf from our proceeds of that sale. Because the Fundación is a major stockholder in our corporation, PEPO, S.A., a portion of our profit will always go to this worthy non-profit community organization, at no additional cost to you.

What happens if the hotel changes owners?
In the unlikely event that the hotel is sold, the board will select a management team who will follow the guiding principles and management ethics set forth by the founders.

How can I learn more about the Fundación A. Jean Brugger?
We welcome all your questions regarding the Foundation. We have dedicated a portion of the hotel’s website to provide you with more information at piedrasyolas.com/brugger_eng.htm. Or you can email us with your questions at foundation@piedrasyolas.com. We look forward to hearing from you.

Do I qualify for any tax benefits through homeownership?
Your voluntary donation to Fundación A. Jean Brugger, made at the time of purchase will be sent through our US attorney and foundation treasure, and it is possible that you may receive a tax credit for this donation. (Please see your tax advisor for more information.) At this time we there are no other tax benefits derived from ownership.

Couldn't I just build my own house on another piece of property?
You could, but without proper management, professional oversight and local experience, building and maintaining a dream house in any locale can quickly become a nightmare. Overseas real-estate projects are often filled with hidden costs and unpleasant surprises, including title disputes, cultural and language barriers, difficulties sourcing capable architects, contractors, appliances and furnishings, and on-site property management. The inexpensive lot that originally looked like such a bargain can quickly become a money pit once building begins.

What do existing homeowners have to say about Pelican Eyes...Piedras y Olas?
My wife and I visited San Juan del Sur to visit college friends and became enamored with the people, the country and the area. We looked at land to buy to build a home and at existing home for a retirement/vacation property. We chose Pelican Eyes…Piedras y Olas because of the exceptional design and construction of the homes, location of property, the affiliation with a foundation to assist the local citizens, and the quality of the staff and administration. Not an insignificant factor was that buying a “turn-key” home eliminated the very real financial headaches and emotional heartaches of building and owning a home in another country. The positive cash flow from the rental program has been icing on the cake.

The purchase was a leap of faith yet all of our expectations have been met or exceeded. The home, the landscaping, the capabilities and kindness of the staff are truly unbelievable. Our home, Casa Vista al Mar, is a source of pride for our family and one which we hope to share with friends and family for years to come.

There were more than a few raised eyebrows from people about our making this investment in Nicaragua, but after seeing our photos and hearing our stories, many are now eagerly looking at doing the same. We are encouraging family and any friends who’ll listen to become part of our life at Pelican Eyes…Piedras y Olas Hotel and Resort.

- Richard (& Betty) Garrett, Eckert, CO

One of the greatest decisions my wife and I have made in many years was to purchase a villa at Pelican Eyes…Piedras y Olas. At first, we were a bit uncertain about the security of an investment so far away from home and in a country we frankly knew practically nothing about. But over the past year, as we have come to experience first hand Pelican Eyes…Piedras y Olas management, staff, and overall philosophy, all of our fears have disappeared. As the gorgeous home we purchased nears completion, we now fully realize what a treasure we have discovered.

Perhaps above all we have learned this past year that the greatest single asset of Nicaragua is its wonderful, friendly people, and Chris Berry, Jean Brugger, and their staff at Pelican Eyes…Piedras y Olas have had the foresight to understand this. They have found ways to make their beautiful resort both a private retreat AND a vital part of the local community. Most notably, through a foundation funded by profits from the resort, Pelican Eyes…Piedras y Olas makes important contributions to various individuals and organizations in San Juan del Sur. By doing so, they have improved the lives of hundreds of Nicaraguans. For us, a big part of our motivation and enjoyment in becoming investors in Pelican Eyes…Piedras y Olas has been the knowledge that we're helping to pay tribute to these great people.

Nicaragua's other singular natural asset is, of course, its stunning beauty, and our experience is that there is simply no developer in the country more devoted to realizing that natural beauty than Pelican Eyes…Piedras y Olas. When my wife and I first toured the community Chris is building, we were amazed by everything from extraordinarily high construction standards to the meticulous landscaping surrounding each building. There is a reason for this devotion to quality, and it quickly becomes obvious to even a casual observer; his name is Chris Berry. There is simply no important detail about the resort that Chris fails to oversee personally, right down to the tile finishes in the bathroom sinks. This is the kind of management that every owner of vacation property dreams about, especially when that property is far from home.

In summation, from the moment we made the decision to build our home at Pelican Eyes…Piedras y Olas, Chris and his staff have surprised us only by exceeding our expectations. Every concern we have expressed has been addressed, and every question answered. We could not possibly be more enthusiastic about Pelican Eyes…Piedras y Olas or more grateful for the opportunity to be a part of it for many years to come.

- Buzz and Connie Dow, Columbus, OH

Our experience has been better than we could have ever hoped. The house is beautiful, even nicer than we expected it would be. The real estate market there is booming, so the property has appreciated. But, most of all, the Pelican Eyes…Piedras y Olas experience -- the staff, the service, the special atmosphere -- would be difficult to equal anywhere in the world. We love that our home is be part of the hotel. We don't have to worry about it, it is rented, taken care of, and it isn't a drain on us of our savings.

Asked if I would recommend a purchase at Pelican Eyes…Piedras y Olas to a friend, I have to say I already have! A friend who had no intention of buying at Pelican Eyes…Piedras y Olas went down there to investigate other property. While staying in our home in Pelican Eyes…Piedras y Olas, he spent days looking at properties up and down the coast. Finally he knew that he had found what he was looking for, a beautiful home in a unique environment. And as he was leaving he purchased his own tropical getaway in Pelican Eyes…Piedras y Olas.

- Karen Dovey, Louisville, CO

What my husband and I found when we came to check out Pelican Eyes…Piedras y Olas was a win-win situation in every way. The resort is physically beautiful, extremely tasteful and well thought out. But it is so much more than just another paradisiacal get-away. In addition to lovely lush landscaping, there is deep regard for the environment. There is great respect and good will for the Nicaraguan people.

We immediately felt an easy camaraderie with the master builder, George Knight, as well as the other owners whom we now look forward to getting to know over the coming years. Our gorgeous home, which we've seen taking shape via the email photos George sends, and the resort itself, are from far-away Ohio, an almost unbelievable dream of beauty.

The factor that most convinced us to invest here is the dedication of Chris Berry and Jean Brugger. Their vision of community and partnership with the people of San Juan del Sur is what makes Pelican Eyes…Piedras y Olas so special and unique.

Their mission includes educating the children, recording the history of the elders, using resources wisely and bringing arts and crafts back to the culture. Meanwhile, we are totally pampered guests. Everything is done, everything is anticipated and taken care of --all of this and our lovely home is an income producing investment. This is doing well by doing good, and it seems almost too good to be true. We bought two homes here, and we are very, very happy.

- Martha and Jerry Marcom

What is the long-term vision of Pelican Eyes...Piedras y Olas?
The real-estate marketplace is proving Nicaragua to be the golden child of Central America. Over the last year we have seen growth in our area boom. Our goal at Pelican Eyes…Piedras y Olas Hotel and Resort is to maintain the environmental beauty and cultural vitality of San Juan Del Sur by operating a first-class hotel, partnering with the socially responsible Fundación A. Jean Brugger, and providing full-service investment opportunities.

Our vision includes maintaining large green spaces, utilizing alternative energy sources, and sustaining the vision of our partner, Fundación A. Jean Brugger – educating and employing the young people of San Juan Del Sur. This increases the size of Pelican Eyes…Piedras y Olas, and while our desirable location and word of mouth keeps our hotel occupancy strong, we have a marketing team in place to ensure increased occupancy and growing income opportunities for our investors. We believe your opportunities as an investor with us are limitless.

What amenities are included in my home purchase?
For a single, all-inclusive price, Pelican Eyes…Piedras y Olas residents’ turnkey homes come with all furnishings and the finest amenities, including:

Full-time, on-site management including property rental and reservations services, maintenance, grounds keeping, maid service, security and more
Income from rentals of your home
Free and clear title, title insurance, and homeowners insurance
Unlimited access to all resort amenities and services, including pools, restaurant, sailing trips, and service staff
Complete landscaping, including red-brick walkways, hand-painted tiles, fountains, and an abundance of tropical plants
Entertainment package with Direct TV, DVD library, stereo system and wireless internet
Full gourmet kitchen with all appliances
Bright, relaxed, open living spaces
Plus, as a special courtesy to all Pelican Eyes…Piedras y Olas Homeowners while in residence, additional lodgings will be available for their guests at a 15% reduction in rates

What does "turnkey" mean?
Turnkey means absolutely everything is included in the original quoted price – the furniture, the appliances, the linens, everything down to the last fork, it’s all included. There are no hidden costs. No closing fees. One price buys it all.

What is the hotel like?
Pelican Eyes…Piedras y Olas Hotel & Resort is a charming, intimate luxury hotel in San Juan del Sur. Whether our guests stay in a deluxe hotel room or a private hillside house, they all enjoy our infinity pools, fine dining at La Cascada Bar & Restaurant and Bistro La Canoa, as well as personal attention from our concierge service. Our concierge can assist guests with everything – from pointing them in the right direction to the breezy, poolside bar to arranging sailing on our private 42-foot Pelican Eyes sailboat, as well as customized adventures and sightseeing.

What amenities does Piedras y Olas offer its guests?
Two ocean-view swimming pools and a third semi-Olympic sized lap-pool
Gourmet restaurant La Cascada Bar & Restaurant
Bistro La Canoa
Poolside bar
Daily maid service
Concierge service
Car service
Local and regional excursions
Spanish lessons
Laundry service

What is your hotel occupancy?
In our second year of operation, we are operating at over 70% occupancy.

Describe your hotel prices and rooms
Regular nightly rates for hotel suites and villas range from US $125 to US $270 based on double occupancy. Additional guests are $15 per day. During holidays, such as Christmas and Easter, rates increase approximately US $100 per room. Room descriptions and reservation details can be found on the website section on accommodations.

Our hotel consists of:

60 independent hotel units varying from small one room cabinas, to large 2 bedroom villas (see the "Accommodations & Reservations" section of our website for information on accommodation styles)
1 conference room
3 pools
2 restaurants
Piedras y Olas will be offering additional services alongside the expansion of its uniquely designed third phase in 2009. Future additions include tennis courts, an exercise center, state of the art spa, yoga convention center, art design center gift shop, a 3rd gourmet restaurant and 3 more pools.

Tell me about San Juan Del Sur
Nestled between rocky cliffs along a horseshoe-shaped harbor on the southern coast of Nicaragua, San Juan del Sur is a small, peaceful fishing village where life moves along at a slow groove.

Days are easily spent walking or playing on the golden sand beach, but for those who seek more activity, San Juan del Sur is up to the challenge. It’s no surprise that this fishing town boasts world-class deep sea fishing, but just as spectacular are the sailing, surfing, windsurfing, boogie boarding, cycling, motorcycling, and hiking.

The town of San Juan del Sur is just down the hill from Pelican Eyes…Piedras y Olas Hotel & Resort and Investment Properties, and consists of only a few streets. Casual restaurants and bars line the beach for a few blocks in the heart of town and if you linger there, you are likely to see just about everyone.

San Juan del Sur has a long history as the Pacific embarkation point for cross-isthmus travel. From here the path across the narrow strip of land to Lake Nicaragua, down the lake to the Rio San Juan, and on the river all the way out to the Caribbean Sea was followed for centuries, including service as a vital leg of the Gold Rush. And yet, after each surge of notoriety, San Juan del Sur has settled back into her quiet, sweet existence, which is how you find her today.

What are the other Pelican Eyes…Piedras y Olas homeowners like?
Our homeowners all of two things in common – a love of Nicaragua and a desire to give back to the community through support of Fundación A. Jean Brugger. Owner’s backgrounds and interests vary, and ages range from the 20s to the late 60s. Our owners come from all over the world and have an interest in sustainable development and preserving the charm and beauty of Southern Nicaragua.

What is socially-conscious tourism?
If Costa Rica is the capital of eco-tourism, we believe that Nicaragua will soon be the capital of socially-conscious tourism. Following the model created in Costa Rica, we will apply the standards of eco-tourism to our social environment, setting the standard in community building and ensuring the Nicaraguan people of are well cared for. Our partner, the Fundación A. Jean Brugger, is a leader in this movement and we are joined by several other community-serving non-profit organizations in San Juan Del Sur to work toward this common goal of enhancing Nicaragua’s promising future and caring for our communities and the environment.

In early 2003 we began building our hotel using environmentally-friendly straw bale construction through a unique collaboration with The Pangea Partnership of Canada. This organization conducts workshops on ecologically sustainable building techniques in developing countries throughout the world, connecting tourists and students with local youth. Pangea Partnership teaches participants how to construct healthy, ecological, and economic buildings such as homes, schools, medical clinics, and other structures vital to a community's long-term growth and well-being.

What is the weather like in San Juan del Sur?
Nicaragua is a tropical climate, and just as in the other Central American countries, there are two seasons: the dry and the rainy or “green” season. During the dry season (December - May) there is virtually no precipitation, but the rains return in May or June, bringing everything back to green, blossoming life. In October it often rains once a day in a short, spectacular tropical downpour. Temperatures generally fluctuate between 72° F at night and 86° F at daytime (22° C - 30° C).

What is the closest airport to San Juan del Sur and your hotel?
There are two airports at approximately equal distance from San Juan del Sur. The Managua International Airport is about two hours away on a good road. The Liberia International Airport, in northern Costa Rica, is about the same distance on a similarly well-conditioned road. However, the border is about a half-hour south of San Juan del Sur and crossing the border, though much improved, will often slow down the trip. The border crossing is expected to be improved further, expediting travel, but for now, however, arriving and departing from Managua tends to be your best travel option.

What is the payment schedule?
The purchase price is divided into five payments:
Initial Deposit - $25,000.00 (fully refundable for 30 days)
Day 0 – Contract Signing 25%
Day 30 – Groundbreaking – 25%
Day 90 – Progress Payment – 25%
Day 180 – Progress Payment – 15%
Day 270 – Delivery – 10%

What is the projected return on my investment?
Currently the homes managed by the experienced team at Pelican Eyes…Piedras y Olas Hotel and Resort are returning at 7% over five years*. Those returns are conservatively projected to be $32,500 in five years. At the current rate of occupancy, we will far exceed these numbers.

* Possible future returns are projected based on the projects past performance and certain assumptions which might not be realized in the future. No assurance can be given that the project will achieve comparable rentals or incur comparable operating expenses in future periods. The actual return on your investment may vary, and you should consult with your own tax, financial, and other advisors before making any decision.

How will the title work?
You have a free and clear title to your property along with title insurance.Your house also comes protected by homeowners insurance (included as part of homeowner’s fees) and with full utility services.

Are there any fees for ownership?
Electricity and other utilities, insurance, taxes, maintenance and resident fees total approximately $575 per month. These fees are similar to monthly condominium fees: they cover grounds- and house-keeping, security, domestic services and regular maintenance of the property. They also include access to hotel resources (swimming pool, internet service, etc) for both owners and renters. We make every effort to keep these fees as low as possible, and use the hotel’s leverage to lower costs even more with suppliers. We expect these costs to remain constant, with adjustments for inflation over time.

Pelican Eyes... Piedras y Olas Hotel & Resort
De la Parroquia 1½ cuadras al este
San Juan del Sur, Nicaragua

Toll-free for Reservations: 1 (866) 350-0555
Telephone: (505) 568-2110 Fax: (505) 568-2511
Dial (011) first if calling from US or Canada

Email: reservations@piedrasyolas.com

Make A Reservation

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Why should I invest in Pelican Eyes...Piedras y Olas Investment Properties? How is Pelican Eyes...Piedras y Olas Hotel & Resort related to the Fundacion A. Jean Brugger? If I become a homeowner at Pelican Eyes...Piedras y Olas, am I required to give money to the Foundation? What happens if the hotel changes owners? How can I learn more about the Fundacion A. Jean Brugger? Couldn't I just build my own house on another piece of property? What do existing homeowners have to say about Pelican Eyes...Piedras y Olas? What is the long-term vision of Pelican Eyes...Piedras y Olas? What are my house amenities? What does "turnkey" mean? What is the hotel like? What are your hotel's amenities? What is your hotel occupancy? Describe your hotel prices and rooms Tell me about San Juan Del Sur What are the other homeowners like? What is socially-conscious tourism? What's the weather like in San Juan del Sur? What are the closest airports to San Juan del Sur? What is the payment schedule? What is the projected return on my investment? How will the title work? Are there any fees for ownership? Types of Properties and Prices We offer four types of properties at Pelican Eyes…Piedras y Olas – villas, duplexes, triplexes, town homes and luxury cabinas – and only a limited number are still available. Villas are independent, free-standing houses, duplexes and triplexes share one to two common walls, and townhouses are staggered two-story units tucked into the hillside sharing a wall with one other town home. All prices are quoted in U.S. dollars. Examples of Pricing Ocean View Villa 2bd/2.5ba - starting at $600,000 Ocean View Villa 2bd/2ba - starting at $550,000 Ocean View Duplex 2bd/2ba - starting at $550,000 Valley View Duplex 2bd/2ba - starting at $500,000 Valley View Villa 2bd/2ba - starting at $500,000 Ocean View Townhouse 1bd/2ba - starting at $400,000 Ocean View Luxury Cabinas (studio) 1ba - starting at $200,000 Valley View Luxury Cabinas (studio) 1ba - starting at $175,000 Please email us at sales@piedrasyolas.com for an updated list of available properties and prices. How many homes do you plan on building? We expect we will have 80 to 90 total homes in Phases I and II. Phase III will consist of approximately 80 Luxury Cabinas and/or 1 bedroom units. How soon will I take possession of my house? From contract signing to turning the key varies upon location and size. This includes all planning, construction, furnishing, and detailing inside and out. How big is my house? All of the custom homes here range in size from 1700 - 2800 square feet with ceilings up to 20 feet high. Each home is designed to take full advantage of the best sea and mountain views. How big is my lot? Your house sits on land that extends at least 500 sq. ft. beyond the home’s interior footprint.Your lot is professionally landscaped for privacy while still allowing you to enjoy the spectacular views. Why should I invest in Pelican Eyes...Piedras y Olas Investment Properties? The many reasons Pelican Eyes…Piedras y Olas is a sound and secure investment. Financial Immediate return on investment through rental income once construction is complete Our resort is in its third year of operation and is currently operating at a 70% occupancy rate Competitively priced Experience Over 60 years experience in building and construction management in US, Germany, and Nicaragua The only property with a proven local track record for developing and operating a luxury hotel and residential community in San Juan del Sur Consistent history for on-time and on-budget building Quality Most unique and luxurious hotel and investment property in San Juan del Sur A zero-maintenance experience, meaning we handle everything from plans, design, construction, furnishings, appliances, maintenance, rental, and all luxuries of a Full-service hotel Highest quality construction standards Reputation Known and respected in the community Full-time residents of San Juan del Sur since 1989 Seamless long-term relationships with local trades people, suppliers, and artists Leader in socially-conscious development through our partnership with the Fundación A. Jean Brugger Community Pioneer in sustainable business practices in Nicaragua Founding member of the San Juan Del Sur Development Community Association Partners with the Fundación A. Jean Brugger, to provide educational and employment opportunities to the community Committed to environmentally-friendly building and fair trade business practices How is Pelican Eyes...Piedras y Olas related to the Fundacion A. Jean Brugger? Pelican Eyes...Piedras y Olas Resort and Hotel was founded as a profit center to financially support the Foundation, as well as a vehicle to provide education and employment opportunities to the community. The hotel’s profits cover all of the Foundation’s administrative costs, thus allowing 100% of donations to go directly to programs. The two entities are inextricably related in management, mission and social responsibility. In other words, one doesn’t exist without the other. If I become a homeowner at Pelican Eyes...Piedras y Olas, am I required to give money to Fundación A. Jean Brugger? You are not required to donate to the Fundación. However, when you purchase your unit we will make a donation to the Fundación on your behalf from our proceeds of that sale. Because the Fundación is a major stockholder in our corporation, PEPO, S.A., a portion of our profit will always go to this worthy non-profit community organization, at no additional cost to you. What happens if the hotel changes owners? In the unlikely event that the hotel is sold, the board will select a management team who will follow the guiding principles and management ethics set forth by the founders. How can I learn more about the Fundación A. Jean Brugger? We welcome all your questions regarding the Foundation. We have dedicated a portion of the hotel’s website to provide you with more information at piedrasyolas.com/brugger_eng.htm. Or you can email us with your questions at foundation@piedrasyolas.com. We look forward to hearing from you. Do I qualify for any tax benefits through homeownership? Your voluntary donation to Fundación A. Jean Brugger, made at the time of purchase will be sent through our US attorney and foundation treasure, and it is possible that you may receive a tax credit for this donation. (Please see your tax advisor for more information.) At this time we there are no other tax benefits derived from ownership. Couldn't I just build my own house on another piece of property? You could, but without proper management, professional oversight and local experience, building and maintaining a dream house in any locale can quickly become a nightmare. Overseas real-estate projects are often filled with hidden costs and unpleasant surprises, including title disputes, cultural and language barriers, difficulties sourcing capable architects, contractors, appliances and furnishings, and on-site property management. The inexpensive lot that originally looked like such a bargain can quickly become a money pit once building begins. What do existing homeowners have to say about Pelican Eyes...Piedras y Olas? My wife and I visited San Juan del Sur to visit college friends and became enamored with the people, the country and the area. We looked at land to buy to build a home and at existing home for a retirement/vacation property. We chose Pelican Eyes…Piedras y Olas because of the exceptional design and construction of the homes, location of property, the affiliation with a foundation to assist the local citizens, and the quality of the staff and administration. Not an insignificant factor was that buying a “turn-key” home eliminated the very real financial headaches and emotional heartaches of building and owning a home in another country. The positive cash flow from the rental program has been icing on the cake. The purchase was a leap of faith yet all of our expectations have been met or exceeded. The home, the landscaping, the capabilities and kindness of the staff are truly unbelievable. Our home, Casa Vista al Mar, is a source of pride for our family and one which we hope to share with friends and family for years to come. There were more than a few raised eyebrows from people about our making this investment in Nicaragua, but after seeing our photos and hearing our stories, many are now eagerly looking at doing the same. We are encouraging family and any friends who’ll listen to become part of our life at Pelican Eyes…Piedras y Olas Hotel and Resort. - Richard (& Betty) Garrett, Eckert, CO One of the greatest decisions my wife and I have made in many years was to purchase a villa at Pelican Eyes…Piedras y Olas. At first, we were a bit uncertain about the security of an investment so far away from home and in a country we frankly knew practically nothing about. But over the past year, as we have come to experience first hand Pelican Eyes…Piedras y Olas management, staff, and overall philosophy, all of our fears have disappeared. As the gorgeous home we purchased nears completion, we now fully realize what a treasure we have discovered. Perhaps above all we have learned this past year that the greatest single asset of Nicaragua is its wonderful, friendly people, and Chris Berry, Jean Brugger, and their staff at Pelican Eyes…Piedras y Olas have had the foresight to understand this. They have found ways to make their beautiful resort both a private retreat AND a vital part of the local community. Most notably, through a foundation funded by profits from the resort, Pelican Eyes…Piedras y Olas makes important contributions to various individuals and organizations in San Juan del Sur. By doing so, they have improved the lives of hundreds of Nicaraguans. For us, a big part of our motivation and enjoyment in becoming investors in Pelican Eyes…Piedras y Olas has been the knowledge that we're helping to pay tribute to these great people. Nicaragua's other singular natural asset is, of course, its stunning beauty, and our experience is that there is simply no developer in the country more devoted to realizing that natural beauty than Pelican Eyes…Piedras y Olas. When my wife and I first toured the community Chris is building, we were amazed by everything from extraordinarily high construction standards to the meticulous landscaping surrounding each building. There is a reason for this devotion to quality, and it quickly becomes obvious to even a casual observer; his name is Chris Berry. There is simply no important detail about the resort that Chris fails to oversee personally, right down to the tile finishes in the bathroom sinks. This is the kind of management that every owner of vacation property dreams about, especially when that property is far from home. In summation, from the moment we made the decision to build our home at Pelican Eyes…Piedras y Olas, Chris and his staff have surprised us only by exceeding our expectations. Every concern we have expressed has been addressed, and every question answered. We could not possibly be more enthusiastic about Pelican Eyes…Piedras y Olas or more grateful for the opportunity to be a part of it for many years to come. - Buzz and Connie Dow, Columbus, OH Our experience has been better than we could have ever hoped. The house is beautiful, even nicer than we expected it would be. The real estate market there is booming, so the property has appreciated. But, most of all, the Pelican Eyes…Piedras y Olas experience -- the staff, the service, the special atmosphere -- would be difficult to equal anywhere in the world. We love that our home is be part of the hotel. We don't have to worry about it, it is rented, taken care of, and it isn't a drain on us of our savings. Asked if I would recommend a purchase at Pelican Eyes…Piedras y Olas to a friend, I have to say I already have! A friend who had no intention of buying at Pelican Eyes…Piedras y Olas went down there to investigate other property. While staying in our home in Pelican Eyes…Piedras y Olas, he spent days looking at properties up and down the coast. Finally he knew that he had found what he was looking for, a beautiful home in a unique environment. And as he was leaving he purchased his own tropical getaway in Pelican Eyes…Piedras y Olas. - Karen Dovey, Louisville, CO What my husband and I found when we came to check out Pelican Eyes…Piedras y Olas was a win-win situation in every way. The resort is physically beautiful, extremely tasteful and well thought out. But it is so much more than just another paradisiacal get-away. In addition to lovely lush landscaping, there is deep regard for the environment. There is great respect and good will for the Nicaraguan people. We immediately felt an easy camaraderie with the master builder, George Knight, as well as the other owners whom we now look forward to getting to know over the coming years. Our gorgeous home, which we've seen taking shape via the email photos George sends, and the resort itself, are from far-away Ohio, an almost unbelievable dream of beauty. The factor that most convinced us to invest here is the dedication of Chris Berry and Jean Brugger. Their vision of community and partnership with the people of San Juan del Sur is what makes Pelican Eyes…Piedras y Olas so special and unique. Their mission includes educating the children, recording the history of the elders, using resources wisely and bringing arts and crafts back to the culture. Meanwhile, we are totally pampered guests. Everything is done, everything is anticipated and taken care of --all of this and our lovely home is an income producing investment. This is doing well by doing good, and it seems almost too good to be true. We bought two homes here, and we are very, very happy. - Martha and Jerry Marcom What is the long-term vision of Pelican Eyes...Piedras y Olas? The real-estate marketplace is proving Nicaragua to be the golden child of Central America. Over the last year we have seen growth in our area boom. Our goal at Pelican Eyes…Piedras y Olas Hotel and Resort is to maintain the environmental beauty and cultural vitality of San Juan Del Sur by operating a first-class hotel, partnering with the socially responsible Fundación A. Jean Brugger, and providing full-service investment opportunities. Our vision includes maintaining large green spaces, utilizing alternative energy sources, and sustaining the vision of our partner, Fundación A. Jean Brugger – educating and employing the young people of San Juan Del Sur. This increases the size of Pelican Eyes…Piedras y Olas, and while our desirable location and word of mouth keeps our hotel occupancy strong, we have a marketing team in place to ensure increased occupancy and growing income opportunities for our investors. We believe your opportunities as an investor with us are limitless. What amenities are included in my home purchase? For a single, all-inclusive price, Pelican Eyes…Piedras y Olas residents’ turnkey homes come with all furnishings and the finest amenities, including: Full-time, on-site management including property rental and reservations services, maintenance, grounds keeping, maid service, security and more Income from rentals of your home Free and clear title, title insurance, and homeowners insurance Unlimited access to all resort amenities and services, including pools, restaurant, sailing trips, and service staff Complete landscaping, including red-brick walkways, hand-painted tiles, fountains, and an abundance of tropical plants Entertainment package with Direct TV, DVD library, stereo system and wireless internet Full gourmet kitchen with all appliances Bright, relaxed, open living spaces Plus, as a special courtesy to all Pelican Eyes…Piedras y Olas Homeowners while in residence, additional lodgings will be available for their guests at a 15% reduction in rates What does "turnkey" mean? Turnkey means absolutely everything is included in the original quoted price – the furniture, the appliances, the linens, everything down to the last fork, it’s all included. There are no hidden costs. No closing fees. One price buys it all. What is the hotel like? Pelican Eyes…Piedras y Olas Hotel & Resort is a charming, intimate luxury hotel in San Juan del Sur. Whether our guests stay in a deluxe hotel room or a private hillside house, they all enjoy our infinity pools, fine dining at La Cascada Bar & Restaurant and Bistro La Canoa, as well as personal attention from our concierge service. Our concierge can assist guests with everything – from pointing them in the right direction to the breezy, poolside bar to arranging sailing on our private 42-foot Pelican Eyes sailboat, as well as customized adventures and sightseeing. What amenities does Piedras y Olas offer its guests? Two ocean-view swimming pools and a third semi-Olympic sized lap-pool Gourmet restaurant La Cascada Bar & Restaurant Bistro La Canoa Poolside bar Daily maid service Concierge service Car service Local and regional excursions Spanish lessons Laundry service What is your hotel occupancy? In our second year of operation, we are operating at over 70% occupancy. Describe your hotel prices and rooms Regular nightly rates for hotel suites and villas range from US $125 to US $270 based on double occupancy. Additional guests are $15 per day. During holidays, such as Christmas and Easter, rates increase approximately US $100 per room. Room descriptions and reservation details can be found on the website section on accommodations. Our hotel consists of: 60 independent hotel units varying from small one room cabinas, to large 2 bedroom villas (see the "Accommodations & Reservations" section of our website for information on accommodation styles) 1 conference room 3 pools 2 restaurants Piedras y Olas will be offering additional services alongside the expansion of its uniquely designed third phase in 2009. Future additions include tennis courts, an exercise center, state of the art spa, yoga convention center, art design center gift shop, a 3rd gourmet restaurant and 3 more pools. Tell me about San Juan Del Sur Nestled between rocky cliffs along a horseshoe-shaped harbor on the southern coast of Nicaragua, San Juan del Sur is a small, peaceful fishing village where life moves along at a slow groove. Days are easily spent walking or playing on the golden sand beach, but for those who seek more activity, San Juan del Sur is up to the challenge. It’s no surprise that this fishing town boasts world-class deep sea fishing, but just as spectacular are the sailing, surfing, windsurfing, boogie boarding, cycling, motorcycling, and hiking. The town of San Juan del Sur is just down the hill from Pelican Eyes…Piedras y Olas Hotel & Resort and Investment Properties, and consists of only a few streets. Casual restaurants and bars line the beach for a few blocks in the heart of town and if you linger there, you are likely to see just about everyone. San Juan del Sur has a long history as the Pacific embarkation point for cross-isthmus travel. From here the path across the narrow strip of land to Lake Nicaragua, down the lake to the Rio San Juan, and on the river all the way out to the Caribbean Sea was followed for centuries, including service as a vital leg of the Gold Rush. And yet, after each surge of notoriety, San Juan del Sur has settled back into her quiet, sweet existence, which is how you find her today. What are the other Pelican Eyes…Piedras y Olas homeowners like? Our homeowners all of two things in common – a love of Nicaragua and a desire to give back to the community through support of Fundación A. Jean Brugger. Owner’s backgrounds and interests vary, and ages range from the 20s to the late 60s. Our owners come from all over the world and have an interest in sustainable development and preserving the charm and beauty of Southern Nicaragua. What is socially-conscious tourism? If Costa Rica is the capital of eco-tourism, we believe that Nicaragua will soon be the capital of socially-conscious tourism. Following the model created in Costa Rica, we will apply the standards of eco-tourism to our social environment, setting the standard in community building and ensuring the Nicaraguan people of are well cared for. Our partner, the Fundación A. Jean Brugger, is a leader in this movement and we are joined by several other community-serving non-profit organizations in San Juan Del Sur to work toward this common goal of enhancing Nicaragua’s promising future and caring for our communities and the environment. In early 2003 we began building our hotel using environmentally-friendly straw bale construction through a unique collaboration with The Pangea Partnership of Canada. This organization conducts workshops on ecologically sustainable building techniques in developing countries throughout the world, connecting tourists and students with local youth. Pangea Partnership teaches participants how to construct healthy, ecological, and economic buildings such as homes, schools, medical clinics, and other structures vital to a community's long-term growth and well-being. What is the weather like in San Juan del Sur? Nicaragua is a tropical climate, and just as in the other Central American countries, there are two seasons: the dry and the rainy or “green” season. During the dry season (December - May) there is virtually no precipitation, but the rains return in May or June, bringing everything back to green, blossoming life. In October it often rains once a day in a short, spectacular tropical downpour. Temperatures generally fluctuate between 72° F at night and 86° F at daytime (22° C - 30° C). What is the closest airport to San Juan del Sur and your hotel? There are two airports at approximately equal distance from San Juan del Sur. The Managua International Airport is about two hours away on a good road. The Liberia International Airport, in northern Costa Rica, is about the same distance on a similarly well-conditioned road. However, the border is about a half-hour south of San Juan del Sur and crossing the border, though much improved, will often slow down the trip. The border crossing is expected to be improved further, expediting travel, but for now, however, arriving and departing from Managua tends to be your best travel option. What is the payment schedule? The purchase price is divided into five payments: Initial Deposit - $25,000.00 (fully refundable for 30 days) Day 0 – Contract Signing 25% Day 30 – Groundbreaking – 25% Day 90 – Progress Payment – 25% Day 180 – Progress Payment – 15% Day 270 – Delivery – 10% What is the projected return on my investment? Currently the homes managed by the experienced team at Pelican Eyes…Piedras y Olas Hotel and Resort are returning at 7% over five years. Those returns are conservatively projected to be $32,500 in five years. At the current rate of occupancy, we will far exceed these numbers. Possible future returns are projected based on the projects past performance and certain assumptions which might not be realized in the future. No assurance can be given that the project will achieve comparable rentals or incur comparable operating expenses in future periods. The actual return on your investment may vary, and you should consult with your own tax, financial, and other advisors before making any decision. How will the title work? You have a free and clear title to your property along with title insurance.Your house also comes protected by homeowners insurance (included as part of homeowner’s fees) and with full utility services. Are there any fees for ownership? Electricity and other utilities, insurance, taxes, maintenance and resident fees total approximately $575 per month. These fees are similar to monthly condominium fees: they cover grounds- and house-keeping, security, domestic services and regular maintenance of the property. They also include access to hotel resources (swimming pool, internet service, etc) for both owners and renters. We make every effort to keep these fees as low as possible, and use the hotel’s leverage to lower costs even more with suppliers. We expect these costs to remain constant, with adjustments for inflation over time.
	Pelican Eyes... Piedras y Olas Hotel & Resort De la Parroquia 1½ cuadras al este San Juan del Sur, Nicaragua Toll-free for Reservations: 1 (866) 350-0555 Telephone: (505) 568-2110 Fax: (505) 568-2511 Dial (011) first if calling from US or Canada Email: reservations@piedrasyolas.com Make A Reservation
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