This is the stunning lookout at the top of the town of Catarina, overlooking Laguna de Apoyo, Granada and Lake Nicaragua/Colcibolca. We stopped with only a half hour to get the rental car back to Granada on our way back from the beach on Nov 26th. We spent a day swimming in the Laguna de Apoyo the weekend before.  Its a collapsed crater, water is 80+ and you float easily with all the minerals.  A handful of resorts and hostals dot one side of the shore.