I arrived in Santo Domingo during the low season (October) and looked at 5 hotels before deciding on Finca-Santo Domingo. I bargained a bit and got a rate of $10 per night for a private room with a view of the lake. They only had one other room booked so that is not necessarily the price that you will pay. Even for $20 I think it is a good value as it sits right on the lake with a nice, reasonably priced restaurant and plenty of nice areas to relax. The staff were great with me and I ended up staying for 9 nights in order to relax and catch up on some studying. I really enjoyed my time there and recommend it for anyone looking to relax and take in the beauty of Ometepe.

We had a good stay on the lake. The hotel is on the lakeshore with access to the lake which is great for swimming. We had a nice colourful clean room with ensuite (cold shower) in the garden. There were two fans in the room which was fine. Be aware there are constant power cuts in Nicaragua so bring a torch and the fans stop and start all night. It also poured with rain a couple of times while we were there. Breakfast was great and you can eat outside at the lake which was wonderful. The food was all good and the staff are really nice. Try the fish for 2 people. It was huge and delicious as were the fresh fruit juices.  After we checked out we swam and held onto our towels and were able to  use the shower facilities before it was time to catch our bus. The chicken bus stops outside the hotel gate. We had a great stay and had to leave only because we wanted catch the ferry to Granada that night. (By the way - they were really nice at Hotel Castillo in Alta Gracia. We went there to escape the rain and wait for the ferry. We lay in the hammocks, charged our phones, they made us coffee, ordered the collective taxi for us and were so hospitable. It's a basic hostel with internet cafe but seemed an ok place for a stopover before or after the ferry.) They also charge for wifi and computer use which was a shame but also meant we could really hide away and relax! Would recommend for a relaxing stay. 

Our group, composed of me, my son and his wife and their friend, loved our visit at Finca Santo Domingo. We stayed across the road in a room for four and were wakened in the morning by cows and howler monkeys. A couple of times a group of white-faced monkeys played on our roof and the nearby trees and porches. We were thrilled. We loved the beach - the water is warm and perfect for swimming, and the view of the volcano from the water is breathtaking. The waiter and manager were very sweet and accommodating. In fact, the waiter spent some of his time trying to teach Spanish to me (the only non-Spanish speaker in the group). The Isle de Ometepe is fantastic and I would love to go back.

I stayed here as part of a GAP tour in June 2011. It is an fantastic place Ometepe and as long as you are not expecting luxury, this hotle is fine.
I tis right on the beach and the food in the restaurant is absolutely excellent. It is very easy to relax here but some of the rooms are very poky. Mine was fine but another in my group had a nighttime visit by a pair of snakes! In fairness though, that is not exactly normal and everyone else had no problems.
the rooms are not seviced unless you request it so make sure you do!
The reeption is amlmost always deserted so it an be difficult to get laundry or change money but they are very obliging if you ar elucky enough to get them on duty!
Great staff though, they provided us with coolers and ice buckets, glasses and small eats after hours so we could enjoy the rum we bought in Moyagua.
As long as yer not too fussy then stay here with no worries.