For Sale Beach Apartments Project (Includes Ft2 697000 of Front Beach Titled Land). (MD2131868)
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• 16+ acres of titled land surrounded by primary rain forest and panoramic ocean views • located just above playa blanca (best beach in Costa Rica), in the gated community of Punta Leona, Costa Rica’s most popular beach resorts. • 3 waterfalls, incredible ocean and jungle views, and infrastructure in place. • titled property, valid current construction permits for 5 towers, (plans for 10 towers). • Completed: Foundation of 1st tower, grading of terraces for 5 towers, retaining walls, roads, utilities to site. • The project was put on hold in 2009 due to global economic crises and collapse of Real estate market in Costa Rica • 2 buildings were sold out with deposits and developers refunded 100% of the deposits to put it on hold. Many of those buyers express interest in buying again when the project starts back up. • Each building is 5 floors with underground parking garage. Several floor plan options 4400 sq ft penthouse, 2200 sq ft 3 bedroom, and what we now think would be most marketable is 1100 sq ft 2 bedroom. • If those are sold at $250,000 that would be very popular with the Ticos, and less then half the price of the competition (Golden Reef Condos $450k-$675k) • At that reduced price each tower’s gross sales = $5 million. • Construction cost/ tower is about $3,000,000. Profit about $2,000,000/ tower x 10 towers is $20 million. Increased price directly increased profit costs remain same. Could easily double the profit by increasing sales to price to equal competition. • The project has been hold for several years and must resume construction this year (2013) or will loose its permits and reduce value of land. • Developers seeking $4 million construction loan to complete 1st tower and common areas. Can offer equity and competitive interest rates on the debt. • Sales Price just reduced to sell quickly: $3,900,000 *For a serious business approach Please contact Mr.José Ramón Sosa D.(Broker/CEO)00 506 8730 1749 00 506 4034 7006
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Lingfield Park Marri... Hotel ~ 0,428 km
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Bienes Inmuebles Costa Rica Kingdom S.A. (Real Estate Agent) from Costa Rica
About Bienes Inmuebles Costa Rica Kingdom S.A.
Commercialization (Sale/Seller) Premium Real Estate in GAM (Gran Area Metropolitana: Residential, Commercial, Corporate (Rented Brand new Office Buildings, Complex Apartments, Malls, Mega Lands for large Commercial/Residential Developments, Luxury Homes, Luxury Apartments, Lots in Gated Communities, Homes in Gated Communities, Beach Properties, Commercial spaces, Offices, Farms.