Santa Teresa Luxury Properties

Tel. in the US:  +1 702 802 9972
in Costa Rica:  +506 8499 1181

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Description

Great opportunity to acquire a centrally located ocean front property for medium density hotel/commercial development or private enjoyment. The property is located in front of the area’s most popular surf breaks, Playa Carmen, and is currently operated as a hotel.
The large commercial beachfront property in Santa Teresa offers lots of expansion potential as well for the investor with imagination.

This is one of the rare 100% legal beachfront restaurants and has a very avid following. The owner has meticulously and doggedly negotiated the interstices of the Costa Rican Maritime system and is fully compliant with the laws, unlike the vast majority of maritime operations.

The entrance driveway passes through well-groomed flowering gardens to reveal the current structures:

•   7,496 m² of registered ocean front concession land; concession renewable in June 2027
•   Zoned ZAT-1 for hotel/commercial development, allowing for 50% ground coverage and up to two floors (i.e. 24 units in addition to existing structures)
•   5 bedroom villa on two levels with roof terrace
•   2 private 90 sqm bungalows 
•   Beachfront restaurant with restaurant and bar licence (Class E)
•   70sqm covered beachfront yoga deck
•   120sqm beachfront swimming pool
•   Two Tanque-10 Waste Treatment Plants
•   Access to property from public road as well as beach access road
•   Private beach access
•   Extensive irrigation and drainage systems
•   Municipal water supply and an own well

A contiguous, titled 2224 sqm corner lot can be purchased additionally. The flat land is zoned for commercial use and has 100m of public road frontage next to Santa Teresa’s main commercial center.

  • Price: $2,250,000
  • Floor Size 9500 Sq Ft
  • Land Area: 7490 sqm
  • Units: 7
  • Bathrooms: 7
  • Property Type: Commercial
  • Property Status: For Sale