Listing #120 - Potrero Development Land
Price: $5,500,000
Category: Lots | Location: Potrero
Property Information
Large tract of land (30 Hectares, or approximately 75 acres).
The land is located on the northern Pacific Coast of Costa Rica in an area famous for luxury resorts and in Costa Rica is known as the Gold Coast!
The Four Seasons just recently opened a 5 star resort minutes away from the property.
Among others, Hyatt is building a $1 Billion resort that will be visible from the view lots on Whale Bay.
Sheraton is anchoring a large resort nearby at Hacienda Pinilla, Playa Conchal has an all inclusive resort visible from Whale Bay, and nearby the Four Seasons are 2 other existing resorts, Fiesta Premier, and Playa Ocotal.
This Potrero Property which has a direct view of the new Marina at Flamingo, is being offered for sale at a greatly reduced price, more than 25% below appraisal.
It is ideal for development of Timeshare, Fractional Ownership, or Luxury Condo's.
It is fronted by a public access road and is in an area of massive development of projects such as Marriott, Hyatt, Four Seasons, Ritz-Carlton, Mandarin Oriental, etc., just to name a few.
The terrain is sloped up and away from the Pacific Ocean, providing spectacular views of Potrero Bay, just 1500 meters from the property.
Just 30 minutes north are many smaller resorts that accommodate budget minded tourists that arrive daily from North America, Europe, and Asia.
The International airport at Liberia, Costa Rica, which is about 45 minutes drive from the property, due to increased demand, has expanded their services to include most major airlines with Delta, American Airlines, Continental, and US Air arriving fully loaded on scheduled flights.
During the last 3 years, the number of arriving passengers has more than tripled because of the popularity of the region, and the attraction of 5 Star Resorts in the area.
The Pacific Ocean sunsets, World Class Sport Fishing, Jungle Tours, Diving, and other amenities of the Gold Coast are attracting investors as well as retirees!
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