RIVIERA RESIDENCES: 12 Home Community for Sale - Profitable Investment Opportunity 5 min walk to Playa Potrero
Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica
Basic Listing Information
- Price
- $3,389,000
- Listing ID
- CS2300011
- Property Type
- Multiplex
- Listing Type
- Commercial Sale
- Status
- Active
- Images
- 64
- Beds/Baths
- 19/17
- Beds
- 19
- Baths
- 17
- Location Type
- Ocean-Vicinity
- View Type
- Eastern View, Garden View, Greenbelt View, River View, Southern View, Western View, Wooded View
- Total Lot Size
- 2,172.30 m² (23,382.35 sq ft)
- Total Interior Area
- 1,393.55 m² (15,000.00 sq ft)
Listing Images
This riverside and coastal modern community consists of 12 homes (a 4 bedroom and 3 bedroom free standing home, four buildings totaling eight 1 bedroom apartments, and two 2 bedroom homes). All houses are scattered across a little bit more than half an acre of 4 consecutive riverfront lots surrounded with amazingly large trees with views into the forest.
7 units of the 12 units will be completed by July 1st, 3 by August 1st, 2023 and the three and four bedroom homes are ahead of schedule to complete Sep 1st, 2023
The community features a large pool area with pool bar with infinity and wading pool, large secured parking area, a large fountain and wading pool, 2 common laundry rooms, a bodega for equipment safekeeping. The newly installed astro turf throughout the common areas with tropical landscaping provides for shade and privacy throughout the property for enjoyment by all residents.
This property is designed and developed to offer the option to develop an additional 8 bedrooms if of interest. There are 4 consecutive lots with a proforma of 9.3 cap.
Long Description
Riviera Residences is a contemporary modern architecture gated community. Apartments mostly all have high ceilings with glass from floor to the ceiling with 14,16, and 18 feet respective ceilings heights, to allow the stunning canopy to become part of every living space. Every house was designed to fit that particular location, views and to provide privacy from other units through architectural and landscaping design. There are unobstructed green views from all river facing homes with the forest behind it and large trees throughout the property..
Surfside - Playa Potrero - Playa Flamingo, and Playa Conchal are within 1-10 min driving. Potrero Beach is less then a 5 min walk from the residences. Simply turn left leaving the gate and you will reach the ocean. You can even hear the ocean break from the property itself. MerKado and Wendy Grocery stores are about 9 min walking distance with at least 15 restaurants in the immediate area. Here we ask what beach you want to go to as we are within minutes of the nicest beaches in the country (Playa Piratas, Mina, Conchal, Flamingo, Penca, Prieta, Pan de Azucar, Dantita, Zapotal, etc. are all stunning white sand beaches. With Brasiltio, Danta, Potrero beaches being stunningly beautiful just a little darker in sand color.
Surfing just south in Tamarindo, Playa Grande, Avellanas, Negra,... and a boat ride to Ollie's Point and Witch's Rock just north offers world class surfing all year long. This is also one of the fishing spots in the world with Coco, Flamingo, Tamarindo offering daily fishing tours in multitude to match your budget. The new marina in full development since last year, will ensure this is a good investment opportunity no matter how you look at it.
Contact the agent to speak about this solid investment opportunity. Anyone wanting to run a hotel or simply stay in the 4 bedroom home and make tremendous returns from the other 11 rentals.
The Marina that just opened further increases housing shortage in this area with good schools. All properties did produce healthy cash returns and are promised to do even better going forward especially considering the shortage of housing.
- Details
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Roof Type Metal Number of Units 12 Number of Bedrooms 19 Number of Full Bathrooms 17 Number of Rooms 24 Number of Stories 2 Total Interior Area 1,393.55 m² (15,000.00 sq ft) Total Area under Roof 1,579.36 m² (17,000.00 sq ft) Total Lot Size 2,172.30 m² (23,382.35 sq ft) Floor Type Tile Construction Status Completed, New Construction, Total Renovation, Under Construction Construction Status Comment 5 units existed and 7 are in the process of being completed. 10 smaller units will be completed Jun1, 2023 and the large 3 and 4 bedroom homes August 1, 2023. Construction is ahead of schedule. Construction Type Concrete, Concrete Block, Insulated Concrete Forms, Steel Year Built 2019 Year Remodelled 2023 Appliances Included Microwave, Oven, Refrigerator, Stove, Stove Hood Air Condition Type Multiple Wall Units Furnished Type Fully Pool Yes Jacuzzi No Parking Type Guest Space(s), Parking Lot Number of Parking Spaces 12 Telephone No Internet Types Cable Internet Television No BBQ Yes - Geography
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Location Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica Country Costa Rica State Guanacaste County Santa Cruz District Tempate City/Town Playa Potrero Location Type Ocean-Vicinity Geographic Type Dry Forest View Type Eastern View, Garden View, Greenbelt View, River View, Southern View, Western View, Wooded View Precipitation Seasonal - Features
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Interior Features Included Breakfast Bar, Ceiling Fans, Eat in Kitchen, Fully Equiped Kitchen, Great Room Floorplan, Handicap Accessible, High Ceilings, Laundry Room, Marble/Granite Countertop, Multiple Master Suites, Natural Wood Finishing, Sliding Glass Doors, Walk-In Closets, Washer/Dryer Hookup, Water Heater Exterior Features Included Balcony, Covered Patio, Fenced Yard, Garden, Handicap Accessible, Outside Seating-Area, Storage Shed, Water Faucets Amenities Included Lawn Service, Water Community Features BBQ, Lawn/Garden Service, Play Ground, Pool, Pool Service Security Features Automatic Gate, Gated Community, Perimeter Fencing - Infrastructure
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Street Access Type Unpaved Road Type of Water City Water Type of Sewer Septic Type of Internet Cable Internet Type of Television Cable Television Type of Electricity Public Telephone Available Yes - Financial/Legal
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Price per Air-Conditionable Living Area $2,431.92/m2 ($225.93/sqft) Price per Total Area Under Roof $2,145.81/m2 ($199.35/sqft) Price per Square Meter $1,560.10/m2 ($144.94/sqft) List Price $3,389,000 Ownership Type Fee Simple
