Beachfront Property, Santa Teresa, Puntarenas


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Lot Hectares

About Beachfront Property

Nestled along the pristine shores of Mal Pais is a remarkable beachfront property offering a unique investment opportunity. With over 320 meters of beachfront and a coveted hotel zoning designation, this expansive 7-hectare parcel of land holds significant development potential. The property is divided into 5.6 hectares in the maritime zone and 1.5 hectares of titled land with mixed zoning.

In the maritime zone, the property is zoned for hotel use, allowing for up to 40% land coverage and the potential for up to 60 rooms per hectare. This zoning rarity, in this location makes it a promising investment prospect. The titled land has mixed zoning which allows up to 75% land coverage for either commercial or residential development. Additionally, the property boasts over 400 meters of road frontage, providing flexibility for various development options.

Currently, the property features several existing structures, which are as follows:
- a fully-equipped restaurant
- seven luxury safari tents (each approximately 36 square meters each)
- a four-bedroom beachfront home
- a 1-bedroom beachfront house
- a 2-bedroom bungalow complete with a kitchen, living room, and private terrace
- a communal kitchen
- a yoga shala
- an art studio
- Laundry facilities with storage

Building permits are already in place for nine additional units and common areas on the concession property, along with four villas on the titled land. Further building permits are also in progress, offering a prime opportunity to capitalize on the groundwork already laid for a unique hospitality experience.

It's worth noting that the neighboring property is also currently for sale, presenting the possibility of combining both properties for an even more significant development opportunity.

If you're interested in exploring this property further, please don't hesitate to get in touch.

Features of Beachfront Property

MLS® # costa_rica_788
Price $15,500,000
Lot Hectares 71
Type Lots and Land
Status Active

Community Information

Address Beachfront Property
Subdivision Mal Pais
City Santa Teresa
County Puntarenas
State Puntarenas
Postal Code 60111

Additional Information

Date Listed September 15th, 2023

Listing Map

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