Whitewater Ocean View Development Property And Teak Farm Near Jaco Beach and Playa Hermosa

This 242-acre development property consists of a combination of gently rolling pasture land (30%), teak farm (30%), secondary forest (20%), and ancient primary forest (20%). The land includes seven large, whitewater ocean view sites that offer excellent development potential. A strategic location close to many of Costa Rica's most popular tourist attractions, this offering presents excellent opportunities for residential home builders, real estate investors, and resort developers. All of the components for a successful development are here:

VIEWS– A major highlight is the dramatic ocean views directly overlooking the shores of Playa Hermosa, south to Playa Esterillos, and all the way down to Manuel Antonio National Park. To the east are spectacular mountain and valley views. Lush rainforest areas on and around the property are home to many Costa Rican wildlife including many scarlet macaws.

FRESH WATER – The farm is home to pure aquifers, natural springs, and is bordered by two rivers. A stable water supply is a crucial component for any new development in Costa Rica. This property's overabundant, natural water source can provide an uninterrupted water supply for a very large development.

SOIL TYPE – The farm is predominantly composed of “lastre soil,” a type of shale that is very sturdy and can support any development. The shale is also easily shaped into roads or lots.

ACCESSIBILITY – This development property is bordered by a public road. The entrance is less than 10 miles from Jacó and 4 miles from the main highway. The internal road system is gravel and dirt with an easy 15-minute trip down to the coastal highway.

ELECTRICITY – Yes, the electric infrastructure is currently getting installed along the property line.

COMMUNICATION – High-speed internet lines run along the highway and cell phones work on the farm.

TOPOGRAPHY – The property has a topography that gently slopes allowing for maximum ocean view, privacy, and home site density. Sitting at an altitude of approximately 2,000 feet above sea level, the climate is comfortable year-round and cooled by ocean breezes blowing off of the Pacific.

ZONING – The property is currently utilized as a farm with 80 acres planted with 10-year-old teak. Other than the primary & secondary forest areas of the property, the rest of the farm is primarily underbrush and grass covered pasture land. These large portions of the property have excellent potential for future development while the forest zones provide a marketable private wildlife preserve for a project.

The teak growing on the property can be harvested and sold or used as an excellent source of high-end building materials. Upon request, CRRES will provide an environmental study for review.

Strategic Location Situated In The Heart Of Costa Rica's Tourism Hot Spots

This prime development property contains 242 excellently maintained acres of secluded, yet accessible ocean view land south of Jacó – the closest coastal town to Costa Rica's capital city and the Juan Santamaría International Airport. Known as a surfers' haven with vibrant entertainment, the town features over 140 restaurants, bars, casinos, resorts and night clubs. The closest beach to the property, Playa Hermosa, offers some of the best surfing in the world.

Due to Costa Rica's international popularity as a tourism destination and Jacó's proximity to San Jose, this area is one of the fastest growing areas in Latin America. Some major developers that have made a presence here are DayStar Properties, with 5 large developments along the beach, the Ramada, the Acqua, and located 30 minutes to the north is the Los Suenos Marina and Golf Resort.

However, with the amount of growth happening in Jacó, some home buyers and tourists feel that the town has become much too crowded. Many people come to Costa Rica seeking that blissful postcard setting, surrounded by nature away from high-density development. In reality, they also want to be close to all of the action and amenities that a town like Jacó has to offer. The positioning of this property fills that need perfectly. For either a residential development or a hospitality business, this location will provide the best of both worlds for your customers.

This property has all of the necessary criteria for a successful development: public road frontage, gentle topography, beautiful ocean views, natural springs, private nature reserves, electricity, and a very strategic location. This offering is listed at an asking price of $2.20/ sm for 98.1 Hectares (981,000 m2 / 242 acres).

Based on development capabilities, market, and purchase price, we feel that this property should be a strong consideration for any developer looking to build a presence in Costa Rica.

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