New Listing as of 7/14/08 and Newly Offered with Special price Offering as of 8/3/08

We are offering for sale a very beautiful and exclusive seven and a half acre (with option to purchase our adjoining 132 acres) tropical mountain forest hacienda in Yamaranguila, Intibuca Honduras..... ”Hacienda Los Olivos”.

We are lowering the price of our hacienda due to an urgent and immediate investment need (explained below).

About Honduras........

As of late Honduras has been called the best kept secret of Central America, and the next Costa Rica and Panama. Having a government and culture that is very friendly to foreign investment, a stable and growing economy, freedom to live a peaceful and family-friendly life; coupled with some of the world’s most picturesque scenery and temperate climate, it is no wonder why many expatriates and investors alike are excited about this special Central American locale.

Foreigners in Honduras have the constitutionally-protected right to sovereign ownership of land, without any Honduran residency requirements. (We are very familiar with this as we are non-Honduran resident, U.S. citizens ourselves) Also, foreigners can easily set up bank accounts and business entities in Honduras. (As we have also done)

Honduras is becoming very popular with foreign expats and retirees as they can live very comfortably on $500 every 30 days. Health and dental care is modern and very economical.

Honduras has a population of approximately six million, with about 40% of its population living in the three major metropolitan areas of Tegucigalpa, San Pedro Sula, and La Ceiba. The other 60% live throughout the beautiful coastal and inland rural areas spread throughout the country.

Honduras is centrally located in the middle of Central America. It is about 2,000 miles from the United States via the newly renovated Pan-American Highway, or a 2-3 hour direct flight from Houston, Atlanta, or Miami. The currency, the “lempira” is currently trading at approx 18.9 lempiras per U.S. dollar.

About Yamaranguila, Intibuca........

The Spanish colonial-era village of Yamaranguila is located in the department (state) of Intibuca and is approx 7 miles from the Spanish colonial-era town of La Esperanza, the capital of Intibuca. La Esperanza has a population of about 6,000 people. La Esperanza is a thriving and peaceful city with a full-service hospital, dental facilities, full-service banking, a number of English-speaking private schools, and a Canadian hydro-electric project that supplies affordable energy to the area (70% of Honduras’ energy is supplied through hydro-electric sources). Currently La Esperanza is a scenic 2 ½ hour drive from either San Pedro Sula or Tegucigalpa. The highway is newer and easy to navigate. Yamaranguila is a quaint little town that is becoming a very popular location for Hondurans who want to build a nice getaway vacation home.

The department of Intibuca is home to the majority of the country’s native ”Lenca” population (the indigenous Indians of Honduras) and boasts of some of the most temperate and fertile land in Central America. Due to these conditions, as well as the agrarian lifestyle of the lencas, Intibuca produces about 80% of the produce consumed in Honduras as well as some of the world’s finest cloud forest coffee.

The area is picturesque with abundant pristine mountain water and air, with breath-taking cloud forest views.

Currently there is a new highway (not a “hustling and bustling” one like in the U.S.) that is being completed that will link the Copan (Mayan) ruins with Tegucigalpa (Honduras’ capital) and will run through he scenic “Lenca Trail”. This new stretch will be the new Pan-American link from Guatemala to Tegucigalpa and southern Central America.

No crime and stress problems here.... a beautiful, clean lifestyle.

About our property, “Hacienda Los Olivos”........

Hacienda Los Olivos is located about 1 mile from Yamaranguila at an elevation of 5,500 feet. It sits at the base of the 6,500 foot cloud forest peak of mount “Los Olivos”. The average daily temperature is between 72-78 degrees Fahrenheit, with nightly lows of 58-65 degrees (no heaters or artificial a/c needed here!!!!). The rainfall is ideal.... Simply put, the climate is perfect.

Prior to three and one half years ago (when we bought it), Hacienda Los Olivos was an organic strawberry and blackberry finca (farm) that had been in the same family for a number of years. This area is being highly sought after for people who want a peaceful and safe getaway location with ideal weather conditions. There is electricity and phone available, as well as protected pristine mountain spring water.

When the new Copan to Tegucigalpa scenic highway route is completed in the next year (runs only a quarter mile from Hacienda Los Olivos), the property could easily triple in value from that alone.

We have newly fenced and cross-fenced the entire property with barbed wire and upgraded posts, and double fenced the property with additional imported sheep/goat fencing. There is a very nice stream on the property with small cascading waterfalls and beautiful vegetation. There is always a nice breeze that blows through the mountain pines, producing a wonderful ocean-like sound.

There are mature pine, roble, and oak trees on the property as well as 4-5 other local varieties. There is also an organic orchard on the property with an assortment of 25 grapefruit, orange, lemon, and apple trees. The property has a nice roll to it with abundant tropical vegetation and nice shade trees along the stream, which borders one side of the property. The grassy pasture area is of high quality.

Due to the elevation and inland location of the property hurricanes are a non-issue here.

It is home to many tropical bird and butterfly species. There are no wolves, coyote, big cat, snake, or predatory bird problems.

The property has road access. However, one car every week or two is the norm.

Other improvements to the property:

We are nearing completion of a beautiful entrance gate area and a 700 ft long road leading from the front of the property to the house. The road is approximately nine feet wide and made of 9” of reinforced cement with a stone and cement surface. A road of this type would run well over $100,000 in the U.S..... there is only about 20 ft of the road to be completed.

We are also nearing completion (90%+ completed) of the house. It is approximately 2350 square feet and is built to very high quality standards. The hacienda is constructed of adobe, cement and exposed pine with 90% of the materials originating from the property. It is a three bedroom, two bath home with cathedral, lodge-type ceilings of native pine. The roof is tongue and groove pine, with plywood decking, double-layered asphalt paper, and Andalusa (the finest) Spanish tile. The home is designed after the Spanish “hacienda” style with a 360 degree patio incorporated into the design. The walls are 12” adobe with a one inch thick covering of stucco cement and a quarter inch finish coat of pulido (smooth) cement. At 14”+ thick the home stays at a constant 68-70 degree temperature with a wonderfully warm “feel”. The house is built into the side of a sloping hill and has a 9” reinforced cement foundation surrounding it with 24” footers. The ceramic stone-like floor tile is made of tile imported from Spain. There is a stucco fireplace in the master bedroom with views of the Los Olivos peak and double doors leading to the patio. The center of the house has an exposed beam loft that could be easily configured to a fourth bedroom (however we have left it open as a nice light atrium). The windows are pine framed with beautiful full-closing external pine shutters. The home is being painted in the tropical orange washed look outside with the trim and ceiling in white. Only low-vapor, water-based paints are being used. The inside is white with a lighter redwood stain on the wood.

Other Information....

In Honduras there are three types of land ownership. First is a “private document or deed” (some are centuries old), which can be legally disputed. The second is a registered “private title or deed” (many have this), which the government can technically exercise eminent domain on like in the U.S.... third is the “Escritura Publica” (sovereign registered document), which is an absolutely sovereign title. This document can be difficult to acquire at times because land owners have “legally” stripped their land (trees) bare to the dismay of the government. (Land prices commonly triple with this type of title). Hacienda Los Olivos is titled as an escritura publica with easily transferable, totally sovereign ownership rights.

There are no property taxes.

This property is ideal as an investment and as an offshore investment all profits are non-taxed for foreigners.

Cheaper, lower quality Central American property is selling online and on the local market for very high prices. We are listing Hacienda Los Olivos for only $300,000. I am willing to owner finance our property at this price with a 35% down payment with an 8% fixed rate APR (Honduras APR average is much higher).

As of 8/3/08 we will also sell the property for an all cash price of only $200,000. This is a special offer that will only remain as long as we need to sell the property to meet an immediate investment need.

The price includes the completion of the road, the entrance gate area, and the house (both of which are currently undergoing final construction).

We have an adjoining absolutely breathtaking 132 acres which could be sold with the hacienda and 7.5 acres. The adjoining property has very large mature trees, abundant pastures, a large organic blackberry field, new perimeter and cross sectional fencing, a nice river, a lichen covered volcanic stone park and more....... The 124 acres if purchased separately from the Hacienda is $650,000 or can be purchased with the hacienda for $500,000.

Showing is by appointment (we travel a lot on business), and on a first come basis.
Thanks for your time and interest,

Shimone & Ribkah