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Ecuador Golf on a Lake

Here is an Ecuador golf and business opportunity, a 21.39 acre estate with an executive golf course, pitching and putting, 6 greens on a 5 acre area.  It has six cabins and home and a complete restaurant and bar.

Here is our last real estate tour…

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taking a look at…

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the cabins.

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Here they are…

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inside.

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They are in good shape…

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clean and with…

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balconies…

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overlooking wonderful gardens.

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There is a full restaurant inside and …

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out.

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plus a two bedroom, one bathroom house.

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This property was one the market at one time at a price that was too high… $1.6 million dollars.

Now the owner has adjusted it down to a realistic price  $860,000 in his offer below… but I believe he will take less as he offered us a commission which we explained we do not take.  Use this fact… that you are coming to him without a brokerage cost… if you get into a negotiation.

Here is what the owner sent

Rancho Totoral Hostería & Laguna Golf Course

Business & Promotion

NAME:       RANCHO TOTORAL HOSTERIA & LAGUNA GOLF COURSE.

OFFERS:
•    A 85,574.01 m2 Lot (21.39 acres approximately)
•    An executive golf course, pitching and putting, 6 greens in a 2 hectares (5 acres) area, with a sprinkle irrigation system; 3” water pump with a 10 H.P. diesel motor.  The irrigation water supply is from the property reservoir. (Off season)
•    The right to have 15 hours 40 minutes of irrigation water.
•    BENYE 254 –Tractor.
•    CARONI 3 blades LAWNMOWER (rough cut).
•    TORO REELMASTER FRAME 7 blades reel to cut fairways.
•    MOTOCULTOR BCS 745- 3blades LAWNMOWER to cut prior greens grass and to aerate the golf course.
•    TORO GREENMASTER 1000- to cut greens extra fine.
•    GROOMING REEL – attaches to the GREENMASTER to make vertical cuts to the greens.
•    A 1.000 liter tank to fumigate (2 wheel axis, rim 15) with a 3.5 H.P.  BRIGGS STRATTON gas motor and a 1.5” pump.
•    WAGON (2 wheel axis rim15).
•    REPAIR WORKSHOP with a variety of maintenance tools.

HOSTERIA:
•    6 LODGE CABINS (31 m2 or 333,56  sq2), each one in excellent conditions, color T.V., wall to wall carpet, balcony with lagoon and mountains view, unique garden bathrooms. Two double beds in each room.
•    RESTAURANT/CAFETERIA- max capacity 60 guests, bar, lounge, direct TV service, restrooms, lobby and kitchen in an area of 269 m2 (2,894  sq2).  All restaurant and kitchen items included.
•    PATIO area- roof, includes a clay oven and a laundry room
(47 m2 /505,72 sq2).
•    CLEAR ROOF TERRACE PATIO (120 m2 / 1,291.2 sq2).
•    HOSTERIA  MAIN ENTRANCE with an electric gate.
•    MAYTAG Washer and Dryer.
•    RESERVOIR CISTERN of 16 m3 for drinking water.
•    HOUSE on 2nd story includes: 2 bedrooms, 1 bath, living room and a loft (147 m2 / 1,582.72 sq2)
•    LAGOON ACCESS with a 64m  shore.
•    Wonderful gardens and cobbled paving paths.

VALUE OF PROPERTY, CONSTRUCTION, EQUIPMENT AND MACHINARY.

•    A 85,574 m2 Lot (21,39 acres) based on Municipal appraisel.
•    Six available cabins (186 m2 / 2,001.36 sq2  approximately).
•    Restaurant, Restrooms, lounge with DTV, front desk lobby, and kitchen (269 m2 / 2,894 sq2 ).  includes restaurant supplies for 100 guests.
•    A 2 bedroom 1 bath apartment on second story and a loft on the third floor.
•    Outdoor lounge, a clay oven, and worhshop (47 m2 / 505.72 sq2 )
•    translucid roof terrace patio (120 m2 / 1,291.20 sq2).
•    pressure Water pump,  maytag washer and dryer.
•    cistern (16m3) drinking water reservoir.
•    cobbled paving paths, gardens, and electric gates.
•    executive golf course (pitching and putting, 6 greens,
(off season )
•    golf course  machinary:
•    BENYE 254 –Tractor.
•    CARONI 3 blades LAWNMOWER (rough cut).
•    TORO REELMASTER FRAME 7 blades reel to cut fairways.
•    MOTOCULTOR BCS 745- 3blades LAWNMOWER to cut prior greens grass and to aerate the golf course.
•    TORO GREENMASTER 1000- to cut greens extra fine.
•    GROOMING REEL – attaches to the GREENMASTER to make vertical cuts to the greens.
•    A 1.000 liter tank to fumigate (2 wheel axis, rim 15) with a 3.5 H.P.  BRIGGS STRATTON gas motor and a 1.5” pump.
•    WAGON (2 wheel axis rim15).
•    REPAIR WORKSHOP with a variety of maintenance tools.

ASKING PRICE   $ 860.000,00.-

Contact

EDUARDO VILLALOBOS
RANCHO TOTORAL HOSTERIA & LAGUNA GOLF COURSE
rtotoral@imbanet.net
www.ranchototoralhosteria.com
P.O. BOX 10-01-224  Ibarra
Telefax: (593-06- 2955-544)
Cell:  094805605

Here is what we previously wrote:

The lake in question is Laguna Yaguarcocha, just five minutes north of the city of Ibarra and a little more than half hour drive along main highways north from Cotacachi.

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There is a ridge which runs between the lake and the city of Ibarra and from a local lookout point you get the view of the lake above and also the city below.

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The property is called Rancho Totoral.

Here’s a picture from just last Sunday of our Imbabura real estate group eating lunch on the newly constructed patio. By the way, Eduardo the owner, tells me the architect designed roof over the patio cost just $8,000 to put up last summer.

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Last Sunday, just as all our delegates were finishing lunch I strolled over to Eduardo and asked if he wanted to present his project. He has about 22 acres in total and had been thinking of building some townhouses with a local constructor. To my complete surprise he said, “..well actually me and Patricia (his wife) have decided to sell the whole property”.

Suddenly I found myself with unexpected news to convey to the group. As we strolled out on to the grounds, one delegate, a successful internet company owner, said “let me guess – $1.8 million” and I said close ” but the asking price is $1.6 million”.

Of course, not all of us have that kind of money but if that price sounds a little high, bare in mind that just bare land around this desirable lake is selling at $10 per square meter and Eduardo’s price is only for the land and buildings – he’s asking $18 per square meter for thousands of square meters of construction and a 9 hole functioning golf course with the business thrown in. Here’s a shot of one of the fairways below with the lake and mountains in the background.

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The altitude here is just under 7,000 feet and as such the climate is warm with only the slightest hint of an early morning chill. Here is the 44 seat restaurant below and the building it’s inside. (The patio can seat a further 100 people).

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This area has a perfect climate around the lake and not surprisingly the lake is a weekend trip destination not just for Ibarra’s inhabitants but also folks from Quito and even further away. Here’s a couple of early morning shots of the lake as I arrived yesterday with the early morning mist just about burned off.

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Laguna Yaguarcocha is also the site for Formula 3 races around a fast circuit and previously the races were run on the road that runs clean around the lake. Paragliding is a popular early morning sport, launch yourself of a nearby hill and glide serenely over the lake just as this guy was doing yesterday morning. Snow capped Cotacachi volcano was easily visible through the trees in the distance this clear morning.

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Here are some shots of the road outside Rancho Totoral and also the entrance to the property and the driveway down to the restaurant and house, one think I like about this property is the mature gardens and tremendous variety of plants and trees.

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Patricia and her daughter in-law relaxing outside the house

The golf course itself is the only one in the country north of Quito. You can go round and round the course all day long for $25. It’s pretty much a pitch and put course although I can assure you that wouldn’t be the case for me! Mind you if I owned this property I’d be out walking this property every morning just as I did with Eduardo yesterday morning.

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Irrigation.

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After a round of golf you park your clubs, and proceed to the bar? Isn’t that what all golfers do? Or stay for lunch with delicious food cooked from the kitchen.

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And if you’re really tired then of course you can always sleep the night in one of the adjoining cabins

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There’s oodles of character here in this property and whether you come as a prospective buyer or to stay a night or two Eduardo will be there to greet you at the front door.

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The nine hole course sits on beautiful Lake Yahuarcocha.

The lake is a historical site also known as Blood Lake because of a 13 year battle between the locals and Incas.

Here are a couple of shots of the course.

There is wonderful club house.

Lush Gardens

And some charming guest cottages on the first tee. We’ll visit them again next course. Hope you’ll join us there.

There is a race track that wraps around Yaguarcocha Lake.

One wonderful thing about owning Ecuador real estate is that there is just about everything in this area from hot springs, to glorious mountains to great fishing to wild cloud forest preserves to golf to Formula 3 car racing.

Several delegates recently went to the races at lake Yaguarcocha. You can see some shots of the race below.

Start of the Ecuador real estate races at Yaguarcoacha

French participate in Ecuador real estate races at Yaguarcoacha

Winner at Ecuador real estate races at Yaguarcoacha

Last April, 2006 it was announced that Latin America motor sport took a big step forward by introducing the PanAm GP Series races. This is a brand new racing series that makes a significant impact on racing in Central and South America.

This series includes races in Mexico, Guatemala, Costa Rica, Columbia, Venezuela, Ecuador, Panama and the United States at Homestead in Miami. There is extensive TV coverage on the Fox network.

Although Merri and I are not fans, for those that like this type of sport there are many kinds of races from Formula 3 to motor bikes to souped up go carts here that add one more business dimension to this land.

Whether you want real estate in America, Ecuador or anywhere in the world, look for distortions. They offer value that can improve your lifestyle and increase your wealth.

Here are more pictures.

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On our last real estate tour.

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Landscaping and…

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the cabanas from…

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far and…

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Here is

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the entrance and restaurant.

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Contact

EDUARDO VILLALOBOS
RANCHO TOTORAL HOSTERIA & LAGUNA GOLF COURSE
rtotoral@imbanet.net
www.ranchototoralhosteria.com
P.O. BOX 10-01-224  Ibarra
Telefax: (593-06- 2955-544)
Cell:  094805605

Gary

See this property on our May real estate tour. This is the last day to join our Ecuador real estate tours with our  2-4-1 offer that expires at midnight tonight.

Join us and visit Ecuador beach property with our 2-4-1 tours this May and July.

See great May Ecuador airfares here.

We have three Ecuador tours scheduled for May and July 2009.

Ecuador Coastal Real Estate Tour May 16-17

Imbabura-Cotacachi Real Estate Tour May 20-21

Ecuador Amazon Herbal Tour May 22-24

Merri and I will not be on these tours but we do want to meet you. So to make sure we can meet, we will let you attend these either one of the May real estate tours free if you enroll in one of our three International Made EZ  courses, in July, October or November.

You get two courses for the price of one.  Enroll in any of these courses that Merri and I will conduct below and choose either May real estate tour free.

July 24-26 IBEZ North Carolina + Tangled Web

Oct. 9-11 IBEZ North Carolina + Tangled Web

Nov. 6-8  IBEZ Cotacachi + Tangled Web

You can enroll in one, two or three of these courses below

Ecuador Coastal Real Estate Tour May 16-17. $499 Enroll here.   $749 For a couple.

Imbabura-Cotacachi Real Estate Tour May 20-21.  $499 Enroll here.  $749 For a couple.

Ecuador Amazon Herbal Tour May 22-24.  $399 Enroll here. $499 For a couple.

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Our 2-4-1 offer expires at midnight April 30, 2009.