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Costa Rica Condo Resort For Sale

Lake Arenal, Guanacaste, Costa Rica
Asking Price:
$13,300,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

CONDO RESORT COSTA RICA

37 Acres, 326 permitted Condo/Hotel community on lush slopes at Lake Arenal, founded by a Canadian Civil Engineer. 24 Condos completed with many top end amenities.

Central location to Costa Rica's most popular visited sites, such as Arenal Volcano, Monte Verde and Pacific beaches.

55 minutes on new highway from the Liberia International Airport. Location, Location. Eternal spring weather.

When completed, this $60 000 000 project currently has invested $13,300,000 to date. It is luxury and upscale, in mint condition.

Rare opportunity.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The current 24 Condo Units in two buildings range from 800 to 3,600 sq. ft. inside space; many fully equipped with 6 appliances, built-in vacuum system and air conditioner. Eight are loft-penthouses.

Glass balconies approximate 50% of the inside living space. Quality and luxury throughout.

Location:

On Lake Arenal, Costa Rica, 11 Km from Tilaran on Route #142 towards Arenal Nuevo.

Central LOCATION for the majority of tourists to Costa Rica. Central to both ocean beaches, Monte Verde Cloud Forest, Arenal Volcano, San Juan river and tributaries, lush tropical surroundings with perfect climate adjacent to ravines connected to mountainous national reserves abundant with flora and fauna.

Nearby excellent restaurants, garden markets, small quaint villages, tennis courts, pickle ball courts, shopping centers, gymnasiums, medical clinics and the towns of Arenal Nuevo, Tilaran, Canas and Liberia with an International airport ( 55 minutes ).

Premises Details:

Lake Arenal Condos are on 37 sloped acres, at the west tip of Lake Arenal, with incredible views of islands, low mountains and distant Arenal volcano.

To-date 24 luxury condo units are constructed and approval is in place for an additional 302. The site contains twelve horizontal condominium lots, one of which is commercial.

Several condo lots are serviced with eight inch thick concrete roads, sidewalks, underground electricity and internet cabling, wastewater treatment plants and indirect street lighting. 5 government approved volcanic-rock water wells have been drilled for this 326 condo project.

On-site amenities include 3 tiered cascading pools, hot tub, rec center, ball courts, walkways, helipad, commercial office, pre-Colombian sculpture, visiting howler and white faced monkeys, bird watching, hiking and fishing within walking distance. Dozens of tropical fruit trees dot the property.

Planning Consent:

All levels of Governments consents are in place for future expansion of an additional 302 Condos.

Business Operation

Expansion Potential:

Permitting is in place to expand for an additional 302 Condo Units on the remaining
ten horizontal residential lots. The beauty of this project, is that building can occur in small modules as market conditions allow. An on-site concrete batch plant and woodworking shop facilitate rapid quality construction.

Competition / Market:

Our competition is at the tourist town of La Fortuna (1-1/2 hour drive) and the pacific coast (1-3/4 hour drive).
Our development is surrounded by government land, old growth forest ravines that back to the national reserve. Several bed and breakfasts dot the region.

Reasons for selling:

Developer is more than 80 years old.

Trading hours:

Monday to Friday 8 to 4 p.m.

Employees:
5
Years established:
The land was purchased in 2006.

Other Information

Support & training:

The developer, a civil Engineer and local management will assist for up to two years. The Canadian Civil Engineer has over forty years experience in Costa Rica.

Arenal Maleku is my retirement home for most of the year, especially during the winter.

We have in place a qualified Condo lawyer and accounting support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Subject to approval.

Furniture / Fixtures value:
$1,000,000 (USD) - included in the asking price
Inventory / Stock value:
$1,073,000 (USD) - included in the asking price
Website:
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