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Location: 
PAPAGAYO, GUANACASTE
Code:  Web#TAM35488
Land Area     15.8 Hectares
Sale: $14,000,000.00
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Ocean Front Development parcel with 400 lineal meters of Beach Frontage and a total of 15.8 Hectares. Up-to-Date Setena Approval for Master Plan

Description:

Located on the North West Pacific Coast of Costa Rica in the Guanacaste Province and just 25 minutes from the newly opened Terminal at the Liberia International Airport (LIR) and 500+ meters from the RIU Guanacaste on Playa Matapalo and 20 minutes from the New CIMA Hospital. The road is paved from the airport to within 300 meters of the property. Within 15-20 minutes of all major tourist infrastructure and just 35 minutes from the Capital city Liberia. 400 linear meters (1,300 linear feet) of Beach frontage. The property is almost completely flat with a large percentage of the property being usable. The property is perfectly situated for an eco based resort with most of the beach front property remaining in a reserve that will be a buffer between the developable area and the beach. Up-to-date Setena Approval for the Master Plan Development There are 2 registered wells drilled, capped and ready to be used and approved for use in the current project. Contract in place with MINAE to use the Maritime zone portion of the property as a reserve. The contract can be cancelled at any time if necessary. Three Phase Power can be run from the adjacent RIU Guanacaste Hotel project. Only 300 meters of paving is required to have pavement all the way to the Liberia Airport. This is one of the only development parcels in Guanacaste that you could start construction immediately. The Current approved Master Plan allows for 86 Room Hotel, 64 Villa Hotel, 48 fractional Ownership condos, Spa, Casino, Restaurant and 280 condos. Bar/Restaurants and Beach Club. The current master plan has the reserve area but this can be cancelled. The titled portion of the property measures 11.78 Hectares (29 Acres). The reserve area measures 4.12 Hectares (10.17 Acres).