Off-market – Portfolio, Costa Rica

  • US$9,620,000

Overview

  • Developments
  • Property Type
  • 2,256,408
  • Sq Ft

Description

The portfolio offers a rare opportunity to guide the future growth of a bustling, but severely land-constrained, Costa Rican coastal community. Hemmed in on the east by the sea, and to the north and south along the ocean by the coastal exclusion zones and concession land, the town only has two options — expand inland toward the Hotel parcel or the Waterfall property to the south.

On offer are the three remaining major buildable parcels surrounding the community and on which its future development will depend. First, the stunning 14-acre property is located on the southern boundary of the community and represents the most valuable parcel in the region, consisting of unobstructed, elevated, 190˚ocean views — and the only view of popular waterfalls located on the edge of the property. Asking price US $4,200,000.

The second parcel, at 2.8 acres, is the nearest and largest level parcel on the main road into the nearby town proper, immediately before the cutbacks that drop into the town. Asking price US $820,000.

And, third, the Oceanview parcel, which, at 35 acres, is the largest commercial property, several times the size of the community itself, and the only one capable of accommodating a project of substantial size with so many breathtaking natural advantages. Asking price US $4,600,000.

Details

Updated on May 25, 2023 at 9:48 pm
  • Price: US$9,620,000
  • Property Size: 2,256,408 Sq Ft
  • Land Area: 2,256,408 Sq Ft
  • Property Type: Developments
  • Property Status: For Sale
  • Zoning: Residential
  • State/county Costa Rica

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Muhammad Patel
  • Muhammad Patel