Caribbean warmth, pristine surroundings, breathtaking ocean views, and sophisticated charm are the hallmarks of an exclusive island resort residence in paradise. Set against the backdrop of the world famous windsurfing and kite surfing beach of El Yaque, Oceano Resort Residences redefine modern vacation living with a visionary blend of unique design and complete amenities.
Explore all of the charming services offered by perhaps the only remaining under-developed surf village in existence, while enjoying the serenity and tranquility offered by the resort residences of Oceano.

A rare real estate opportunity – owning a resort residence in a genuine surf village

Here on the southeastern coast of Margarita Island, lies a different Caribbean.  One that is completely unique.  The village of El Yaque is one of the last remaining, real surf villages in the world, with a beautiful beach, a charming beachside surf village, and scores of windsurfers and kite surfers. 

The beautiful island of Margarita is located in the sparkling blue waters of the southern Caribbean Sea, just forty kilometers from South America’s northeastern coast – close enough for easy access, yet far enough to find tropical tranquility.  This unique combination of access and seclusion, coupled with the quaint charm of El Yaque, with its surfers forever in search of wind, makes this real estate opportunity truly one-of-a-kind.  Dubbed ‘the Pearl of the Caribbean’, Margarita Island is best known for its plentiful beaches, its unspoiled nature, and its perfect climate.

Travel to Margarita Island is made effortless by direct flights from major European, North and South American cities through the international airport of Santiago Marino, located on the island’s southeastern side.

Margarita Island, Venezela

Contrary to sensationalist reporting by the U.S. press, the economy of Venezuela is very strong and consumer spending is robust.  A healthy market exists for imported goods, and international brand-name products are available at every major retailer.  Venezuela’s industrial sector relies heavily upon foreign investment; recent reactionary political activity pertains exclusively to large multinational corporations seeking to dominate its resources. While there are certainly reasons for a foreigner to invest cautiously, there is nothing to indicate any trouble on the horizon for the private landowner.  In fact, foreign ownership of property has been increasing steadily for years.

This may have something to do with the quality of life and low cost of living found in Venezuela.  For instance, in addition to the cheap cost of labor and supplies, gasoline prices here are the lowest in the world- regular unleaded costs 13 cents/gallon, and diesel just 8 cents/gallon.  Electricity for one’s home costs about one third of what one pays in the U.S.   Medical and dental costs are also significantly lower, Venezuela having fostered the growth and support of state-of-the-art private hospitals, doctors and dentists.

These benefits have caused the cost of land to rise steadily for the last decade.  That and the lack of ad valorem property taxes has provided investors with strong, intelligent incentives.  And because the cost of living remains low, one’s dollar tends to walk a bit farther than it would in other parts of the world.   Simply put, people that make a decent wage here don't have to spend it all simply to live.

El Yaque as an Investment Opportunity

For the reasons listed above, property values in Margarita Island in general, and in El Yaque Beach in particular have doubled in the last five years.  And continue to do so.  While Margarita Island is an international hotspot for tourists, El Yaque iBeach s one of the top five most famous windsurfing and kitesurfing beaches in the world.  The strong trade winds bring with them windsurfing and kitesurfing enthusiasts from all over the world.  Many come to visit, and then stay, bringing with them their international enthusiasm, experience and capital, thereby helping to develop and transform El Yaque into its full potential.  Their arrival has been key to the surging property values.  The Venezuelan government, similarly, recognizes the potential of El Yaque, and is actively pursuing and encouraging developers to help shape the bright future of El Yaque.

Oceano Resort Residences El Yaque is the first such development.  Located on 1.65 hectares of prime, hilltop land, with breathtaking views, Oceano Resort Residences is proud to announce the launch of the selling of Phase One!

Oceano Resort Residences El Yaque Beach - The Project

Perched atop a sloping hillside, Oceano Resort Residences offer breathtaking, panoramic views of the natural beauty of El Yaque.  From the majestic La Sierra Mountain to the north, to the unspoiled beauty of the lagoon to the east, to the world famous windsurfing and kite surfing beach to the south, each residence of Oceano has been carefully considered by the architects to ensure beautiful views and vistas.  Couple the views with the personally intuitive services and amenities of Oceano Resort Residences in particular, and the village of El Yaque in general, and enjoy the unique combination of world-class amenities within a surfer lifestyle.

Oceano’s two bedroom condominium residences combine contemporary chic with old world charm to provide a tranquil sanctuary for all who find respite within their walls. Luxuriate in the appointed furnishings of your choice, while enjoying the unobstructed views of the ocean. Sleek, clean-line architecture, coupled with interesting niches and recesses await your personal touches, be they collected island treasures or artifacts. Use the thoughtfully designed spaces of Oceano as a blank canvass to create your perfect interiors.

Oceano Resort Residences El Yaque Beach  are offering for sale 148 two-bedroom suites.  The total interior living space is 69.35 square metres, with an additional storage locker of 2.37 square metres.  Total outdoor living space is 10.70 square metres in the form of a terrace.  Each unit consists of two bedrooms, one full bathroom, one powder room, a kitchen, a dining area, a living room, and a work station fully wired for all of one's communication needs.

The communal or shared spaces include two swimming pools, a casual pool-side restaurant, a work out area with spa, a more formal restaurant, an outdoor Martini bar, and a reception/lobby area with some commercial/retail spaces.

Oceano Resort Residences El Yaque Beach - An investment opportunity

As the land value of Oceano has already doubled since the purchase of the property, Oceano is already a solid investment.  The introductory prices for the sale of Phase One Building One further support this.  Along with prices ranging from US $160,000 to US $170,000 for the condos in Building One, Oceano is also offering a US $5000 credit to be used for the furnishing of each suite.  Should the cost exceed the aforementioned price, the owner will be requested to pay the balance. 

The owners of the suites at Oceano have an ownership decision to make - buy a suite and use it, or buy a suite use it for one month a year, and then submit the suite into the hotel rental management program.  For those who choose the hotel rental management program option, an 8% rental guarantee will be offered.  This 8% rental guarantee is calculated as 8% of the purchase price of the suite, paid out annually, for 10 years.  In 10 years, by receiving this rental guarantee, it is possible to virtually pay off the initial investment.

This 8% rental guarantee is yet another compelling reason to buy a resort residence at Oceano. 

For more information, please visit the Oceano website at:  www.oceanoelyaque.com  or e-mail us directly at:  info@oceanoelyaque.com