Development Opportunity With Legal Water

Dominical, Costa Rica

Description

Simply the best development opportunity in Costa Rica's coveted Southern Zone, the Ballena Bay offers a legacy asset with unmatched natural beauty and extremely compelling upside potential. Strategically located near the heart of the Dominical real estate corridor, the project allows an investor to build a multi-family condo project, a hotel, or a mixed-use development with commercial components each supported by densities that are both profitable and environmentally sensitive. The property measures approximately 130 acres, of which about 10% is designated for development. A curated team of local experts including environmental consultants, legal advisors, corporate specialists, forestry engineers, hydrologists, and other industry professionals collaborated for over six years to refine this canvas and secure all necessary entitlements and zoning for the next owner to bring their vision to life. Any potential developer would be capturing tremendous time-value here, since these entitlements typically take years to obtain. The parcel not only features highway frontage but also public road frontage on both the southern and northern sides, along with direct access to electricity, high-speed internet, and a private deep-water well with legal usage rights. Positioned directly across from one of the region’s most beautiful, untouched beaches, it offers seasonal whale watching, access to the National Park, and a wide range of nature-based activities making it a standout opportunity within the broader Costa Rica real estate market. Approximately ninety percent of the entire parcel is designated for conservation, ensuring responsible development, potential tax credits, long-term value protection, and exceptional privacy. This commitment also underscores the owners’ dedication to preserving the local environment while enabling a visionary project to rise on the remaining land. There are eight individual survey maps, each permitting multi family residential development with heights up to 21 meters. Please note that the renders in the images below illustrate potential development concepts aligned with the current zoning specifications. One of the eight parcels fronting Route 34 is zoned for commercial and residential mixed use. Important note: the cleared area (approximately 12.5 of the total 130 acres) was cleared with full legal permits from national governmental and environmental authorities. Environmental studies, forest engineering, and careful, methodical clearing were carried out with the corresponding approvals, ensuring that 90% of the land remains untouched, honoring nature’s balance while enabling a world-class project to take shape. There is a private well with secured water rights and an abundance of clean water located on the upper portion of the parcel. The property also includes a fenced perimeter, internal roadways, cleared areas for the developable portions, kilometers of hiking trails, and a private waterfall. The property is located between the popular towns of Uvita and Ojochal, which provide great services and lifestyle activities. Perhaps the most impressive feature of the property is the views - they are simply jaw dropping and awe inspiring. One can see the nearby rock island, sunset on the ocean horizon, deep azure Pacific waters, the Whale's Tail, and other coastal headlands. Whether it's for an exclusive family compound or for multi-family residential development, there is no better and more ready-to-go opportunity on the Southern coast than Ballena Bay.