Penca Heights
- 13.2 Acres
- Bluff Overlooking The Ocean
- Ample Water & Power
- Potential For Upscale Boutique Hotel Luxury Condos & or Homes
This 13.2 acre (52,857 square meters) property is considered by many real estate professionals to be the premier site on the northern Pacific in Costa rica. It sits on a bluff overlooking white sand Penca Beach, with views to Flamingo Beach, Potrero Bay, Prieta Beach, the Catalina Islands and the Pacific ocean. The property has a stunning water view. There is power and ample water for a upscale boutique hotel or luxury condos and homes. The title is clear.
Listing price $9,250,000
One thing that differentiates the Flamingo Beach area of the Pacific, is that a law went into effect that limits the height of buildings, especially within 800 meters of the beach. it essentially limits them to 3 floors, or perhaps four, if the lower unit is partially underground---which is unlikely near the beach, for obvious reasons. In effect, the law will ensure that what has happened elsewhere with high density developments on the beach will not happen here. The Penca property would be affected by this law. This law will help maintain a more open and natural setting along the coastline presenting a much improved aesthetic feel versus what one would see in an area such as Tamarindo where condo towers crowd the beaches. The Cashew and Pacific Heights properties have more relaxed restrictions.
An interpretative note: As you look at the Penca Heights plano, note that the views are to the west. All but a small portion of the land actually has water views. Under Costa Rican law, 20% of a development must be left "green," so a percentage of that can come from the non-ocean view segment. Note that the roads surrounding the property on three sides is a public road. That is very important as you have much more flexibility in the type of development you can construct. Power and water are to the property line.
NOTE: It is believed that the information contained herein came from reliable sources. However, Bergman Euro-National does not warrant anything herein. It is advised that the Buyer take the time to complete a thorough due diligence process prior to the close of escrow.
