Spectacular Beachfront Estate Mal Pais

Santa Teresa, Costa Rica

Description

This property is one of the most beautiful, private and expansive beachfront properties available in the Santa Teresa area. The total property measures 7.2 hectares (17.8 acres) and has 320 linear meters of beach frontage. The property consists of two separate lots. The Maritime Zone lot measures 5.6 hectares and is zoned for hotel use. The zoning allows for 40% coverage and up to 60 rooms per hectare. The size of the land and the much-sought-after, but rare hotel zoning, provides for huge flexibility in terms of development opportunities. This property would be the perfect location for a world-class beachfront resort or boutique hotel. The beach in front of the property is stunning and tranquil, with incredible views down the coast in each direction. The second lot is titled and measures 1.5 hectares. The titled lot benefits from both residential and commercial mixed-use zoning, with 400 meters of road frontage. The zoning allows for up to 75% coverage on the titled lot. The existing structures on the property include: • Fully Equipped Restaurant • 7 Luxury Safari tents (36m2 each) • 1 Bedroom Beachfront House • 2 Bedroom Bungalow with Kitchen, Living Room and Private Terrace • Back of the House with Laundry Facilities and Storage Building permits are currently in place for 9 additional units and common areas on the concession property and 4 villas for the titled property. For anyone looking for more land on the beach the adjacent two properties are also for sale, with residential zoning. This property is really one-of-a-kind in our area - not just because of its size, the huge beach frontage and the rare hotel zoning, but also because of the spectacular beauty of the location. It offers huge flexibility in terms of the development possibilities due to the zoning, but also unparalleled natural beauty and tranquility. This really is one of the best spots in the area for a truly high-end beachfront resort experience.