130 ACRES – Amazing Development Area Perfect For Hotel, With Multiple Building Sites, Private Waterfall And Abundant Flora And Fauna!!!!
This unique property is in Costa Rica’s South Pacific Zone specifically in the county of OSA province of Puntarenas, between the small towns of Uvita and Ojochal this is about 15 miles South of Dominical.
The property measures 52.5 hectares and 130 acres of lush tropical rainforest easily accessed by the inter-American highway or national Route #34 on the east and two other local roads on its North and South boundaries, the North and South boundary roads have existing access to electricity fiber optics TV, high-speed Internet, and public water. After many years of effort this amazing property has obtained the CFIA construction and environmental permits for a full condominium land use which can now be molded to your desires, there are eight separate building locations within the project that total 5.2 hectares or approximately 12.5 acres of buildable footprint.
These eight locations are approved for a condo or hotel towers of 21 meters in height or six stories, this is double of the typical approval of only three stories in addition they have achieved the water concession for their high-producing well which is located at the highest point of the property allowing the water to gravity feed to the project with this concession, they have obtained approval for 1700 residents obtaining these permits removes over five years of permitting time which allows you to create your project immediately.
This property is build-ready, Costa Rican law only allows for 10% of primary rainforest to be developed with this development constraint the engineering firm SYL strategically located the 8 parcels based on ease of development access to road frontage and maximizing views. Currently, the owners are in the process of removing the trees from the 12.5 acre building locations. This is a highly detailed process as every tree over 8 inches in diameter has a GPS location and is in an inventory list overseen by a forest agent.
This tree removal process has opened fantastic views from the parcels to the ocean of the remaining 90% of the rainforest 12% will be retained as green belts between the 8 parcels and 78% of the property 40.8 hectares 100 acres is under a forest protection program that grants PSA payment for environmental services and annual property tax exemption for that even though the 100 acres is under forest protection it is titled to the owners and is accessible to the future residents as a private natural playground. The existing hiking trails throughout the forest lead to the year-round creek and waterfalls which is home to an adorable family of otters hiking to the waterfall the residents can enjoy viewing monkeys, sloths, butterflies, and bird watching in addition to the fantastic rainforest and ocean views.
The property is directly across from the beautiful beaches of Marino Ballena National Park the word Ballena is Spanish for whale, and hundreds of whales migrate from both Northern and Southern Hemispheres which allows for whale-watching tours from September to November.
The proposed master plan from the engineering firm SYL shows the highest and best use for this property would be a condo hotel village with multifamily residential products such as luxury villas, condos, and treetop residences including all the amenities and services such as a restaurant, pool, clubhouse, and spa facility. Recent hotel studies have shown that mixed-use properties like this have the greatest return and the ability to withstand market downturns such as occurred during the pandemic.