Beachfront property (D1, D2) with concession

Ref # : 2-43

Location : Montezuma

Price : $ 175,000 Off Market

Land Size : 15587 m2 or 3.85 acres

 

Types : Beachfront   Best Deals   Lot  

Features : Ocean View   Walking Distance to the Beach  

 

Power : Yes

Access : Public Road

Title : Concession

 

Status : Off Market

 

Real Estate Description

Currently the best beachfront real estate deal in the southern Nicoya Peninsula, this will probably be the next property to sell.

At 4 acres, nearly all flat, this property is ready for you to build your dreams. It’s located very close to the ocean’s edge, with only the Montezuma/Cabuya road between you and the water. Sitting above the road, it will offer a phenomenal view of the ocean looking over the road. Just down the street is one of the area’s prettiest beaches: Las Manchas (see photos below.)

This is truly the opportunity of a lifetime, to have a property so close to the beach for so low a price, in one of the most beautiful areas of the most beautiful country in the world: Costa Rica.

Two thirds of Lot D1 is zoned ZRT, which is for Residential use. It’s also possible to build cabinas or rooms for rent. It also has a green/creek-protection zone along the southern edge, and in the front left corner is a small section zoned ZSB for Basic Services. For example, you could provide Showers, bathrooms and changing rooms, or picnic tables.

The ZRT section is where you would build your houses, and you are allowed 30% coverage with construction. Buildings can be up to seven meters high and not more than two floors. The ZRT edges have a 3 meter setback for construction.

Lots D1 and D2 have their concession with the Costa Rica government. You will buy the corporations that have the concession. There’s a yearly rental fee, which is re-appraised every five years. The concession can be sold, passed to your heirs, and the gov’t must renew it for another 20 years as long as you don’t violate the terms of your concession agreement. Nearly all the beachfront land in Costa Rica is this type of land, and it’s reported that 80% of it is owned by foreigners.

 

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