Immaculate Ocean View Lots (4) for Development
—Coranado, Puntarenas, Osa, Costa Rica
Offered individually or as package deal
Package Deal Price: $775,000
Lot #3: 14,643 m2/3.61 acres – $365,000
Lot #4: 5,845/1.44 acres – $235,000
Lot #5: 7,069/1.75 acres – $225,000
Lot #6: 8,149/2.01 acres – $220,000
Location: Coronado, Puntarenas
Address: Located just 4 minutes off Route 34, turn left between km. markers 182 and 184. 1.5 miles, make first right and proceed uphill property is located off of the first or second drive way on the right.
Zoning: no restrictions for building, houses, villas, condominiums or a hotel and there are no maximum coverage percentages; buildings, of 21 meters high can be built (3.5 meters high each floor) on lot #3, or on entire property when all lots are combined. Lots #4,5,6 can have 15% ground coverage.
Total Size of Lots: 35,706 m2/8.82 acres
Utilities: Water and electric service available to each lot
Opportunity Highlights
- Property is able to be developed into hotel or resort
- Growing market for tourism. Commercial and residential development has steadily grown over the last 5 years
Property Features
- Panoramic 365 degree views that include mountains and pacific coast, including views of Cano Island and Osa Peninsula
- Animals on property include toucans, macaws, monkeys and other amazing wildlife
- Mature plantings including palm trees, avocado tree and other flowering plants
- Property located on good roads less than 4 minutes off of the highway
- 15 minutes south of beautiful Ballena Beach, 30 minutes north of Sierpe
- 10 minutes to Ojochal, location of many of the best restaurants in all of Costa Rica
- All lots have flat, buildable areas ready for home construction, but enough contour to place many villas out of sight of each other for privacy
- Water and electricity available to each lot
- Hospital located 10 minutes from property
Market Overview
- Axiom Luxury Properties developing and selling resort style residential housing nearby
- Volume and prices of residential properties in the vicinity continue to steadily increase
- Southern Zone International airport (to be Costa Rica’s 3rd international airport) to be located within 20 minutes of property – studies currently underway
- Neighbor operated a successful bed & breakfast before estate was turned into private family compound – strong demand for overnight accommodation in area
- Quickly growing economy with strong demand for tourism related businesses
