Nearest Town: Uvita Price: $2,850,000 Property Size - Acres: 9.7 Property Size - Meters: 39,000 Elevation (feet): 100 Neighborhood: Bahia Ballena Full Description: Location:
1 mile south of Uvita’s commercial center on the ocean side of the highway
Right next to the southern zone’s only National Park: Parque Marino Ballena
500 meters walk to the beach
This property is good for:
- Developers of low impact, life-style focused villas & commercial properties
- “Land bank” speculators. The land is located such that its undeveloped value has plenty of room to grow in the coming years.
- Retreat center. The 9.7 acres is entirely usable and is located a short walk to the beach. There is enough sun, water, and gardening area onsite to consider a self sufficient “off the grid” community.
- Family compound. For the multi-generational family that would like room for individual houses, pools, croquet fields, and of course, that short walk to the beach.
Value Adds:
- Tax plan
- Permits
- Studies
- Various Designs for projects
- Projections for asset value appreciation in the future.
Uvita is giving clear signs of becoming the social and cultural hub of the southern pacific zone of Costa Rica. The growth here over the past 2 years has been explosive. The demand on commercial properties has pushed the price for such land over the $100 per meter mark.
Local examples:
- Solea is a development that offered villas in roughly the same proximity as La Vida Pura to Uvita’s town core. It sold out entirely in a year’s time. Price range on those villas was $350,000 to $550,000.
- Canto Ballena is located in the same area as La Vida Pura, and was enjoying brisk sales in the $500,000.
- There are two other examples: Canto Del Mar, and Marisol located about 12 kms north in the town of Dominical that have largely sold out in a short period of time.
The demand for this type of property is high, and there isn’t much available.
The seller of the property has done extensive preparation for development, including permits, tax plan, community layout and conservation options. The property is currently set up to support a community that will be self sufficient with water, and electric (due to solar power).
The projected build out value to the developer of one of the existing designs for the property is $15,000,000 Current Road Status: Since the property is on the coastal highway, it can be said that the road status is excellent. The internal roads for the development will need to be created by the developer. Financing: Yes
Phone - Cell TDMA
- Land Line
- Cell GSM
Water Source: Municipal or Community Electrical Service: Reaches To Property Status: For Sale |