Santa Teresa Beachfront Cheap

Ref # : 8-

Location : Santa Teresa

Price : $ 750,000 Sold

Land Size : 8609 m2 (Over 2 acres) + 2062 m2 IDA land

 

Types :

Features :

 

 

Status : Sold

Date Sold : 02/11/2011

 

8-369-2

Real Estate Description

This incredible piece of flat beachfront land is right in the center of Santa Teresa, with a white sand beach in front… ideal for swimming, surfing, etc.

The land has its own well, and already has a concession in place, so it will be easy to get a building permit.

This property also has the most famous tree in the Santa Teresa / Malpais area, known as “El Abuelo” (The Grandfather). It’s an ancient pochote tree, dated by experts at over 450 years old!

This is also by far the cheapest beachfront property in the area, and will definitely be the next to sell.

The IDA portion of the property borders the road, and is currently untitled and no building permit can be obtained for it. Eventually, you will be able to get a title for it, but it may take many years. If this piece was titled, it would be worth $300,000 or so. You can currently use it for gardens, fruit trees, or temporary structures.

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