Colonial Mansion in Granada, Nicaragua: A Historic Treasure with Unlimited Potential

Designed and constructed in 1925 by the renowned Italian architect and sculptor Mario Favilli, the Favilli building is a testament to neoclassical elegance. This four story colonial mansion in Granada, Nicaragua, crafted with exquisite Italian marble, boasts stunning sculptures and a tranquil central garden.

Originally a two-story structure, this rare colonial mansion has had two additional floors added over time. The third floor features a spacious open terrace offering breathtaking views of the city, Lake Nicaragua, and Mombacho volcano. The fourth floor houses a large tiled enclosed terrace with windows that open to let in the breeze and offer panoramic views.

The Favilli building was purchased by Mombacho Cigars in 2014 for the production of their now-famous cigars. With manufacturing now moved off-site, this historic building is available for development.  This is a unique opportunity to own a piece of history in the historic city of Granada. With its prime location, excellent tourist traffic, and name recognition, the development possibilities for this building are limitless.

You could continue the production of world-renowned Nicaraguan cigars under Mombacho Cigars or your own brand. Alternatively, with some modifications like adding bathrooms, you could transform it into a boutique hotel exuding an elegant atmosphere. It could also easily be converted into a museum and art studio. The possibilities are only limited by your imagination.

The property is equipped with a large cistern allowing it to operate for a week or more without city water. It also has a commercial generator that can power the entire building during power outages. The electrical system throughout the building has been upgraded, and most rooms have air conditioning installed.

In the end, the Favilli building is not just a colonial mansion; it’s a piece of Granada’s rich history waiting for its next chapter.

Granada, Nicaragua

Granada, Nicaragua is a city that was founded in 1524, as such is one of the oldest in the country and Central America. Drawn by year-round warm weather, colonial era architecture and the freshwater Lake Nicaragua, travelers from around the world flock to Granada, Nicaragua to enjoy the quaint city, first class restuarants and vibrant culture.

In conclusion, if you’re searching for a investment oportunity, beautifully appointed home in a prime location, this property is the ideal choice. With its attractive price, ample space, and numerous character-adding features, this Colonial gem in Granada is a must-see. Contact us today to schedule a viewing and start living your Colonial dream in Granada, Nicaragua.

Property Features

  • 4 Story Building
  • Access to electricity
  • Access to water
  • Air Conditioning
  • Balcony
  • Blackwater
  • Ceiling Fans
  • Central location
  • Chandelier
  • Closet
  • Colonial home
  • Corner building
  • Deck
  • Decorative ceiling
  • Decorative lighting
  • Dining area
  • Dining room
  • Driveway
  • Dual sinks
  • Enclosed property
  • Flat topography
  • Fountain
  • Foyer
  • Front garden
  • Garage
  • Generator
  • Green areas
  • High ceilings
  • Indoor garden
  • Kitchen
  • Lake view
  • Large hallway
  • Laundry area
  • Living areas
  • Living room
  • Lobby
  • Mirador
  • Mountain views
  • Multi-use room