Costa Rica Real Estate, from Coast to Coast, the Right Way!!!

Expansive Beachfront Hotel Opportunity

  • $7,000,000
Santa Teresa, Nicoya Peninsula Beaches
  • Commercial properties
  • Property Type
  • 7496 sqm
  • Lot size (m2)
  • Construction size (m2)
  • 7
  • Bedrooms
  • 6
  • Bathrooms

Overview

MLS ID: 29204
  • Commercial properties
  • Property Type
  • 7496 sqm
  • Lot size (m2)
  • Construction size (m2)
  • 7
  • Bedrooms
  • 6
  • Bathrooms

Property Details

  • MLS ID: 8899
  • Price: $7,000,000
  • Bedrooms: 7
  • Bathrooms: 6
  • Year Built: 2003
  • Lot Size (acre): 1.85 acres
  • Lot size (m2): 7496 sqm
  • Construction size (sqft): 9472 (sq. Ft.)
  • Location: Nicoya Peninsula Beaches
  • City: Santa Teresa
  • Property Status: For Sale
  • Property Type: Commercial properties

Property Description

Slide right into this amazingly successful, turnkey hotel operation in the heart of Santa Teresa’s commercial zone at Playa Carmen. The property fronts one of the best-known sandy surf breaks in the area and is within walking distance to the commercial center of town between Mal Pais and Santa Teresa. The concession parcel measures 7,500 square meters.

This operation is 100% legal as the owner has carefully gone through all the steps necessary to be compliant with Costa Rican beachfront law. The concession was renewed in 2007 and will run until 2027. The hotel has been well established for many years and operates at a very high capacity with incredible expansion potential.

Structures are a 2 story, 5-bedroom villa and two more private houses in the large beach gardens. All units are air-conditioned. The 15×6 meter pool is just off the back of the large villa and provides a private location to enjoy the tropical weather and to look upon the beach and surfers in the wave. A newly constructed restaurant and yoga rancho are right on the beach. The restaurant is operational and fully permitted, making it one of the only legally operating beachfront restaurants in the area.

Municipal water is available and there is an own well, which provides abundant water all year round. There is also a Tanque-1o wastewater treatment plant on the property. All other utilities are connected and operational.

This is a turnkey opportunity for someone with big dreams as it’s the most secure beachfront tourism development opportunity in the area with everything that a larger developer could possibly want and all neatly packaged with all permissions.

An adjoining, fully titled lot with road frontage to Santa Teresa’s main drag can also be purchased.

 

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Andrew Rhee
  • Andrew Rhee