For a limited time, the sellers have opened the possibility to sell the premium upper 54 acres of the pristine development which features the most panoramic ocean views. There are already 13 beautiful homesites with access roads and surveys with the possibility of developing much more as there are 37 acres untouched which could be used for additional lots, nature trails, private reserves; the possibilities are endless!
The property is only 5 mins from Hermosa Beach (2.1kms from the waves) features a remarkable 90 meter waterfall, panoramic ocean views, legal water wells, electricity, existing internal gravel road system ready for pavers or concrete, and stunning reforested, managed forest that can be harvested for development with no restrictions.
The current design and permits for the 113 acres development are based on up to 42 private residences and 7 commercial lots plus 3 private reserves for the entire 11.Approved for residential, commercial and hospitality development Density on flat and hilly areas of up to 2,313 houses with lots of minimum size 120 m2. Density on mountain area of 44 parcels.With great building sites and access roads the project can be developed into lots, condominium sites, vertical towers, or any other layout preferred by the final buyer.
History of the Property:
The property was a cattle farm for many decades and was purchased by the current owners in the 1960’s where it continued to be run as a cattle ranch. It had an internal gravel road that has been in place for over 70 years. In the 1990’s the son (current owner) was keen on protecting land and started a reforestation process. Over 30,000 trees were planted, including Teak, Pochote, Melina, Cocobolo and Ron Ron among others. In August 2008 two wells were officially drilled and registered.
There’s an incredible 90 mt (300ft) waterfall in the middle of the property and a lodge (tree house) with a smaller house sits nearby. There’s also a caretaker home at the entrance of the property.
A hop, skip and jump away (~2 kms) lays Playa Hermosa, where surfers from all over the world head to for the massive rides (as high as 13 ft), the consistent swells and the clean pristine sands. It provides a great spot for experienced and professional surfers to ride some challenging, hollow and/or fast waves. The incredible rides also make it the perfect home for the Quicksilver International Surf Championships that take place every year in August. Playa Hermosa beach was awarded a Blue Flag award and the nearby Playa Hermosa Wildlife Refuge is home to the nests of sea turtles and local flora and fauna.
The 49 acre reserve has been set up to protect the rich biodiverse ecology that currently exists in the area:
Hermosa Falls sits on the first mountain range as you move away from the ocean, leaving you with unobstructed views of the ocean, the town and the farmlands below and beautiful mountains on the back. The property connects with a biodiverse corridor where all sorts of wildlife inhabit, including monkeys, macaws, toucans, wild boars, cougars among the many species identified.
We have proposed a business plan catering to the luxury home market with prices from $750,000 – $3,000,000 ranging in sizes from 250 m2 – 545 m2 (2,691 Sq.ft – 5,866 Sq.ft) of construction. This makes this a $60+ Million dollar project, delivering an ROI of at least 100%. An initial investment of $8.5 Million with construction costs under 50% of total development would leave between $25M and $40M+ profit over 3 years.
Development includes registered lots, water permits, initial infrastructure designs, initial infrastructure construction permits, 3 house designs and entrance designs.
The entire 112 acres development is available for $6.7M.
Contact us for detailed breakdown of the investment opportunity and or for more information.
Garabito, Costa Rica
+506 8310 4605 / +506 8381 2043