Costa Rica Development Land

Withdrawn Vacant Land for Sale
Catylist Listing ID: 29843594
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 205 Acres
Sale Price: $3,750,000
Unit Price: $18,292 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 9/20/2017
Last Updated: 9/20/2017

Overview / Comments

Costa Rica is located in Central America, just north of Panama, and is bordered between the Pacific Ocean and the Caribbean Sea. Flight time is just 3 hours (approximate) from Central and South Florida. Costa Rica is safe, politically stable, no military, has English as a primary language, and enjoys year-round warm weather.

Costa Rica is home to numerous retired Americans (one of the highest number of Social Security checks outside the US). For a few decades now, Americans have been flocking to Costa Rica for its natural beauty and the “pura vida” (pure life) atmosphere it offers.

Named the world’s happiest country, accordingly to the 2009 and 2012 Happy Planet Indexes, it possesses a lot of factors that contribute to an overall fantastic quality of life.

Over the past ten years tourism has increased several fold. The national tourism market maintains an increasing annual growth rate. More than one million tourists visit Costa Rica every year, of which about half come from the USA, 16% from Europe and 36% from other countries.

The country’s public health system is among the best in the world (ranked higher than that of the U.S.). Excellent, affordable health care by U.S.-trained, English speaking physicians using state-of-the-art medical equipment.

Great weather year-round, with an average temperature of 89º F on the Pacific Coast. Tropical and mountain rainforests, seven active and dormant volcanoes and two coastlines make Costa Rica one of the preferred ecological and nature hotspots. Costa Rica is home to 5% of the Earth’s known species with over 9000 species of plants including 1400 species of orchids, in a country the size of West Virginia, USA.

Attachments & Media

Additional Details

Taxing Authority: Costa Rica
Zoning: RESIDENTIAL / MIXED USE DEVELOPMENT
Market Type: Medium
Property Located Between: Pacific Ocean and Capital City of San Jose
Side of Street: South
Road Type: Highway
Property Visibility: Excellent
Legal Description: see brochure
Largest Nearby Street: Costanera Sur Highway 34
Feet of Frontage: 900
Traffic/Vehicle Count: 1,000
Transportation: Bus, Shuttle, Highway, Airport, Taxi, Water/Ferry, Other
Highway Access: Directly on Costanera Sur Highway 34 leading to capital City of San Jose, and the nearby resort town of Jaco, on the Pacific Coast
Airports: San Jose International Airport
Site Description: Location and Description of the Land for Sale This property is very near 3 other world class resorts; in a prime location overlooking the Pacific Coast, across the Costanera (main highway) from the beautiful Villa Caletas slightly south and near the incredible world class Marriott anchored Los Suenos Marina and Golf Resort, as well as Jaco, the relaxed but fast growing resort town along the Pacific beach. Property characteristics include: • 205 Acres with excellent topography; valley basin with rolling hills to mountains • Great location within the popular development area • Pacific Ocean views from some home sites • Electric Power on site • Public Water on site (3 wells with water studies; over 525,000 gallons per day) • Roads cut throughout property with Shale laid as stabilizer • A few building platforms built on the ridge • Beautiful tropical flowing stream through the property • Old growth trees but not forested • Plantation trees (planted and can be cut and sold) • Close proximity (5 minutes) to the incredible Marriott anchored Los Suenos Marina and Golf Resort • Close proximity (10 minutes) via two access roads to the popular and growing tourist town of Jaco • Direct access to Costanera (main highway) • Just 45 Minutes to San Jose International Airport and about an hour to San Jose, the capital city.
Area Description: This property is just outside of Jaco; one of the fastest growing communities in Costa Rica. In the past few years, Jaco has experienced a huge growth of new developments including hotels, restaurants, retail shops, and recreational activities, making it the hottest destination on the Pacific coast for foreigners and Costa Ricans alike. A relaxed but vibrant and bustling town, Jaco is one of the most popular Costa Rican beaches. It is located in the North of the Puntarenas province along the country’s central Pacific Coast about an hour from San Jose. The fun here is casual and relaxed, the people are nice and friendly, and most speak English as well as Spanish. Activities in Jaco and the surrounding areas include: • World Class Sport fishing; including deep sea fishing yacht charters out of Los Suenos Marina • Snorkelling and diving in pristine waters with schools of tropical fish • Cruising the blue waters of the Pacific Coast • Surf lessons and surfing • Kayaking • ATV tours • Ariel trams through the tropical canopy • Canopy zip line tours • White-water rafting • Horseback riding • Volcano sight-seeing tours (2 hours away) • Tortugas island tour • Coffee plantation tours • Bird watching tours • Crocodile safaris • Vibrant Nightlife • Panaca (farm animal amusement park) • Just south; Manuel Antonio National Park for one of the world’s highest rated waterfront parks. Jaco and the surrounding area are drawing big luxury developments and hotels, the most famous of them, Los Suenos, which features the Marriot Hotel and Spa, a full golf course, and world class marina. More recent is the award winning 5-star Croc Casino located on the beach. Both of these project start at $800,000. Among Jaco’s many projects, there will be Wyndham hotel/condominium in the center of the beach and a Ramada in town as well for recognized brand names. The Villa Caletas is a spectacular boutique hotel perched on one of the emerald mountains gazing at the sea. It has captured the attention of world travellers and the admiration of many travel critics. Just south of Jaco a few minutes are two more developments, the Del Pacifico and Cabo Caletas featuring full golf courses. These developments will boast their own restaurants and hotels as well. Jaco is proven to hold the interest of investors and developers and most importantly, the people visiting. It doesn’t look to slow down anytime soon. Manuel Antonio National Park is a small National Park in the Central Pacific Conservation Area located on the Pacific coast of Costa Rica, just south of the city of Quepos, Puntarenas, and 132 km (82 mi) from the national capital of San José. It is the destination of as many as 150,000 visitors annually and well known for its beautiful beaches and hiking trails. In 2011, Manuel Antonio was listed by Forbes among the world's 12 most beautiful national parks.
Lot Frontage: 9000
Lot Depth: quarter mile
Zoning Description: resort, residential
Development Name: Los Cielos
Topography: Rolling
Easements: Electric Lines, Utilities
Easements Description: utilities and preservation
Soil Type: Mixed
Available Utilities: Electric, Water
Water Service: Municipal, Well
Sewer Type: Municipal, Septic


Contact

Photograph of Listing Agent

Stephen J. Toner, MBA

Coldwell Banker Commercial Saunders Real Estate FGCAR CIE Member
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