Villas de Palermo is a development of turn-key, stand alone homes just a few kilometers inland of the town and bay of San Juan del Sur. This peaceful and private ecological-friendly resort overlooks the Pacific Ocean and green pastures of the Palermo farm.
Each Villa is constructed to international standards with high quality details. As well, each villa comes fully furnished and equipped with 2 bedrooms and 2 bathrooms, quality Nicaraguan hardwoods and have central air conditioning. The resort has on-site security 24 hours each day and secure parking is available on site. In addition, each villa has a large locking cabinet, perfect for those that want to leave their belongings stored for the time that they are away from Nicaragua but want to rent their Villa.
Villas de Palermo operates a hotel and restaurant as part of its business model. Under tax code 306 owners may use a total of 109 nights of their Villa, starting January 1 of every year. Each owner must pay US $395 monthly as a Home Owner Association Fee. However, if an owner would prefer to take the unit out of the tax code and use the unit at their own will, the Home Owner Association Fee would be US $795 monthly.