Casa Azul

Santa Teresa real estate, Costa Rica Bienes Raices, Eco Real Estate, Green Real Estate

Location: Santa Teresa

Price: $1.2 million / $1.6 million

Land Size:
Option 1: 7496.76 m2 Beachfront with Concession Granted
Option 2: 9724.9 m2 (2228.14 m2 Titled Land on Roadfront & 7496.76 m2 Beachfront with Concession Granted)

Features: Beachfront, concession, turnkey business, great investment potential, well located

Ref#: 8-216 / 8-219

Property Description:

Hotel Casa Azul For Sale Located in the town of Santa Teresa in the center of a sandy beach with consistent surf, known as Playa Carmen, you will ?nd this private beachfront property known as Hotel Casa Azul. Two contiguos properties (9700 meters or 2.4 acres) bordering the main town road and extending some 200 meters down to the sandy beach. The ?rst property has 49 meters town road frontage and consists of 2200 meters TITLED property. An untouched property ready for commercial development located only 75 meters from the crossroads of our towns, Mal Pais and Santa Teresa. The second property is in the Zona Maritima, ZMT. This is 7500 meters of prime developable beachfront property. The concession is 100% COMPLETE. A 20 year REGISTERED CONCESSION was granted in November 2007. To date the owner has only touched on the development potential. The approved zoning or ´uso de suelo´ of ZAT1 allows for approximately 24 more units. Currently the hotel consists of two buildings, a large modern two story and a private casita. Go to www.hotelcasaazul.com for details. A new beach access road runs along the NW side of both properties. This creates two new options. First, the titled property is now a corner lot of 49 x 50 meters public road frontage. Secondly, the ZMT piece can now be accessed without passing through the titled piece. Therefore both properties are now independent, further increasing the development options and the value. Price ..... 1.6 million USD for both properties ..... 1.2 million USD for just the ZMT granted concession piece Other Highlights Santa Teresa approved water meter 44 meters beach frontage with private beach access Swimming pool of 15 x 6 meters (50 by 20 feet) professionally built by Piscinas Aquarium de Escazu. Permiso Funcionamento from Ministerio de Salud and a Hotel Patente, Licenses Two wells, one on each property, water is very scarce and valuable in our town Extensive irrigation and drainage systems throughout the properties Flower gardens, fruit trees and lawns throughout the properties. Ample lighted parking