Description

This expansive 8,524 m² (2.1 acres or 91,733 sq. ft) property in Playa Hermosa offers a versatile development opportunity. With approximately 150 meters (492 ft) of depth, dual access from the main road and a public access point at the rear, and preliminary plans for multi-use development, it’s an ideal site for various projects. Located within walking distance to the beach, this lot combines convenience and potential in one of Guanacaste’s most desirable coastal towns.

Key Features:

Development Flexibility: Suitable for various projects, including villas, mid-range condos, or a mixed-use complex with a commercial plaza, walking paths, and shared common areas.

Potential for Ocean Views: The rear of the property offers ocean views starting from the second floor, with preliminary plans for four-story residential towers.

Proximity to Luxury Communities: Borders the upscale Monte Bello community, known for million-dollar homes, while Playa Hermosa itself boasts sought-after condos like Hermosa del Mar, ranging from $400,000 to $650,000, with penthouses exceeding $1 million.

Market Opportunities:
Playa Hermosa offers a significant opportunity for developers to address the growing demand for well-designed condos and smaller villas. Inventory is low, with few options available under $450,000. Homes and villas with attractive layouts, efficient use of space, and modern construction are highly sought after.

Zoned for both commercial and residential use with a 75% land use allowance, the property offers flexibility for development. It’s ideal for projects targeting families, vacationers, and professionals working at nearby luxury resorts like the Mangroove Marriott, Four Seasons Papagayo, and the Waldorf Astoria.

Why Playa Hermosa?
Playa Hermosa is a vibrant beach town blending relaxation and convenience. Its pristine beach, dining options, and proximity to Guanacaste International Airport (30 minutes) and Playas del Coco (10 minutes) make it highly attractive for locals, expats, and tourists alike.

Take Action:
Explore how Monkey View 925 can align with your development plans. Whether you envision condos, villas, or a mixed-use project, this property offers endless possibilities to meet the growing demand for beach lifestyle living.

We can assist you in connecting with architects, contractors, project managers, and other professionals to bring your vision to life. Contact us today for more information.

Brokered & Advertised by: Palm Real Estate

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