We are offering for sale a very beautiful and exclusive one hundred and twenty three acre tropical mountain property in Morazan, Yoro Honduras.....”Finca Pico Pijol”.
Honduras has been called the best kept secret of Central America, and the next Costa Rica or Panama. Having a government and culture that is friendly to foreign investment, a stablized economy, freedom to live a 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 as little as $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 recently 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 20.0 lempiras per us dollar.
About Morazan, Yoro........
The town of Morazan sits at an elevation of 850 feet above sea level and is located in the department (state) of Yoro and is approx 30 air miles from the city of San Pedro Sula, Honduras (pop. approx 1,000,000). Morazan has a population of about 11,000 people. Morazan is a thriving and peaceful city with a full-service medical and dental facilities, full-service banking, and a number of English-speaking private schools.
Currently Morazan is a scenic 1 hour drive from the San Pedro Sula International Airport via an updated highway that is easy to navigate. Morazan is also situated about 30 air (1-1.5 hour drive) miles from the Caribbean resort town of Tela, Honduras which is host to some of the finest white sand beaches in the Caribbean. Morazan is a modern town that has an upgraded infrastructure, partly due to strong local revenues from agricultural and cattle production, as well as a beneficial local government. The local inhabitants are very warm and friendly. The area is picturesque with abundant pristine mountain water and air, with breath-taking cloud forest views of the 7487 foot Pico Pijol (Pijol Peak) National Park, which borders Morazan and is host to one of Central America´s most pristine mountain cloud forests. Pico Pijol is home to the rare Quetzal bird as well as many other pre-Columbian species. Pico Pijol is considered a moderate skill climb, with absolutely breathtaking views.
No stress problems here……just a beautiful, clean lifestyle.
About our property, “Finca Pico Pijol”........
Finca Pico Pijol is located about 2 miles from Morazan with elevations ranging from 850-1100 ft above sea level. It sits wihin view of the Pico Pijol mountain range and has breathtaking views of the peak and National Forest. The average daily temperature is between 76-87 degrees Fahrenheit, with nightly averages of 60-67 degrees. The rainfall is moderate……….the climate is nice and makes for lush, tropical landscapes, and cool evening breezes.
The entire property is fenced and cross-fenced with barbed wire. There is a nice, clean stream that passes through the property with pristine water and beautiful vegetation. There are mature pine, roble, guanacaste, and oak trees on the property as well as 4-5 other local varieties. There are an assortment of papaya, coconut, avocado, cashew, mango, lemon, guava and other fruit trees on the property . The property has a nice roll to it with abundant tropical vegetation and nice shade trees. The pastures are high quality. 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 as well as electricity to the property.
Other improvements to the property:
There is a concrete foundation and septic system for the construction of a small cabin. There is access to community water, as well as livestock tanks fed by a private, spring-fed cistern on the property. There are also 21 acres (1,000 trees) of organic African Palm (Palma Africana) that was planted on the finca in 2001 for investment purposes. African palm trees begin their primary production starting in the seventh year and produce for many years. The area around San Pedro Sula is host to some of the Latin America's´s finest palm oil production. There is ALWAYS a shortage of production compared to demand. With the advent of bio-diesel, African palm demand has further increased in a sharp manner as palm oil is one of the finest sources for bio-diesel. The wholesale price of palm kernels has increased 100% over the past three years alone. Labor to harvest is minimal as the production is year-round and easily harvested on a monthly basis. This adds quite a lot of value to this property. Also the land is ideally suited for residential development/subdivision due to its close proximity to San Pedro Sula and Tela, and due to its climate and views.
At the current local (Honduran) average lot price of $60-$120 USD per square meter the finca could be very profitable as it has an area of 490,000 square meters. There is a great opportunity here for development because there is a shortage of residential development outside of the metropolitan area of San Pedro Sula and El Progresso (18 miles from Morazan).
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 Dominio Pleno” (sovereign registered domain title), which is a 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, so wooded properties without the Escritura Publica deed are now not easily granted this type of sovereign deed. Accordingly, land prices commonly double or triple with this type of title.
Finca Pico Pijol is titled with an escritura publica sovereign title with easily transferable, ownership rights.
There are minimal annual property taxes. Cheaper, lower quality Central American property is selling online and on the local market for much higher prices per meter or acre and do not have the income potential that our finca does.
We are listing Finca Pico Pijol for $500,000 and are willing to negotiate somewhat. We are willing to finance Finca Pico Pijol with as little as 10% down, and as little as a 10% APR.
Showing is by appointment, and on a first come basis.
We apologize for the long listing but we wanted to be thorough.
Thanks for your time and interest.