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Nicaragua's "other coast" (the Caribbean) has long been the poor stepchild of this part of the world. Its little Caribbean cays fall south of those of Honduras, Belize & Florida - south, and, to date, off the typical traveler's radar screen. We believe this will change, though. For the past few decades, tourist development in this part of the world has made its way predictably south from Florida's cays. This southward trend will continue, over the coming decade, we predict, to include Nicaragua's outlying Corn Islands. An investment
with foresight
Still, it'll be another decade before the market turns in this part of the country. The Nicaraguan government has focused its development efforts on the country's Pacific coast. Long-standing political disputes between the two areas have left the Caribbean coast neglected. As a result, there is a complete lack of infrastructure - tourism and otherwise. Roads are few and in poor condition. A dirt and sand track rounds Big Corn Island, and walking paths traverse Little Corn. They are functional, more or less. I caught the tail end of the rainy season when I was there in November, and potholes filled with mud and water after a night of showers. I imagine that in the heart of the soggy months, many areas are impassable. The town of Bluefields, the launch point for jaunts out to the Pearl Cays and flights to the Corn Islands, is primitive. Plus, there's a drug problem on Bluefields and on the islands. Little patrolled, these waters are favored by drug traffickers carrying cocaine to the United States. With development will come a more diligent patrol force. Meantime, the thriving drug industry is a deterrent to both tourists and investors. Buy from
locals, not agents
The town on Big Corn is trashy but not inhospitable. Despite the poor living conditions, the people here, as all over Nicaragua, are friendly and helpful. Little Corn is prettier than Big Corn...mostly because it is just plain untouched. It's half the size of the larger island. If there's a road there, I didn't see it. Lots of palms and greenery cling to the hillsides. There's no dock, so you pull up in your boat right onto shore. I spent a couple hours snorkeling and swimming off a sandy beach. The water was warm and clean…and I felt as if I were at the end of the earth. Property on these two islands is still owned by locals. A few enterprising foreigners have ventured this far, but not many. You'll likely be dealing with residents who have land for sale that has been in the family for generations. This makes purchases more complicated than they would be in a place where real-estate agents broker deals and one expatriate sells his place to another. But the complications are hardly insurmountable. You'll simply have to come here and spend some time tracking down who owns what. Island property
at $20,000 an acre
On Little Corn, the 8- to 10 acre property for sale where I snorkeled is on offer for $35,000 an acre. Its a fabulous piece of property, though there is evident shore erosion on one side. But the beach is glorious, and black volcanic rocks jut out to a point - offering a sharp contrast to the soft white sand and turquoise water. Fabio Robelo says his company owns 36 acres on Little Corn with 1,000 meters of beach (next to the American owned Casa Iguana Hotel) that it would like to sell for $20,000 an acre. The price is negotiable, depending on how much you buy. Our Caribbean coast contacts Property
resources
Fabio Robelo
is the manager for Central American Fisheries, which is located on Big
Corn. His firm owns property to sell on both islands. Contact Fabio Robelo,
Operations and Plant Manager, Central American Fisheries, South West Bay,
Corn Island, Nicaragua; tel. (505)285-5212 / 3 / 4 / 5, fax 266-3349.
How to get
there
Where to
stay
On Little Corn, your only choice is the charming Casa Iguana. Owned by Americans Grant and Cathy Peeples, this hotel sits up on a hill overlooking the sea. Cabins cost from $17 to $50 per night. Breakfasts are served daily for $4, and dinners cost from $6 to $8. The beach is secluded and quiet. Contact Casa Iguana, (from the United States call Larry Knutson; tel. (717) 677-0947, E-mail: catgran@iname.com, Web site: http://www.casaiguana.net/. You'll find terrific photos at the Web site. The main town on Nicaragua's Caribbean coast is Bluefields. The land registry is here, so if you're buying property on the Corn Islands, or anywhere along this coast, you'll likely find yourself here at some point. Stay the night at Tia Irene’s, a small waterside hotel owned by Carol Bidou. She's a pleasant, well informed American who has been there for about five years and has lots of contacts in town and can help you find anything you might need. The bar attached to the hotel is the town hot spot, and the food in the restaurant is wonderful, fresh fish, of course. Rooms here are $20-$23 per night and come with warm showers. Contact Tia Irene’s, Barrio Pointeen, Bluefields, Nicaragua; tel. (505)822-0120, tel./fax 822-2143. - - -- - --
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