Ocean Front Lot- North Coco

Playas Del Coco

Lot Area: 3638 sq m
Property ID: 8576

Price: $ 1,150,000

Description

Great ocean front property located in the desirable North side of Playas del Coco Bay. The lot is 3,638 sq. meters (39,145 sq feet) with 41 meters (123 feet) of beach frontage. Located just off the North Coco first beach road entrance. The property has direct access from this road entrance which leads to the beach frontage area. There is an older home and caretakers apartment on the property at this time. The owner's plans are to eventually tear it down and have submitted plans to the ICT for approval for 8 condominiums. The conceptual drawings are available on this website listing.

North Coco has a beautiful promenade that starts at the estuary and ends on the extreme north end where there is a waterfall. To the South of the property it is only a short walk to the newly developed park (designed by Ronald Zurcher- architect for the Four Seasons Resort). The park is bordered by an oceanfront walkway, beautiful trees and gardens, restaurants and quaint bars.

Great opportunity to take over the owner's condo plans (close to approval), saving lots of time that could be devoted to construction and development of this great lot. Most recent comparable sale for a North Coco oceanfront, closed at the end of Nov. 2010: a 1,600sq.meter lot (17,216), with only 20 meters of ocean frontage (60 feet), $636,000 = $397 U.S a sq meter.

The property is being offered at $1,150,000, 3,638 sq. meters = $316 a sq meter it has more than twice the ocean frontage as the lot that sold for $397 a sq. meter!

Location- Location-Location! Small supply and high demand for ocean front properties in full service beach communities.

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Contact

Linda Gray

Coldwell Banker Coast to Coast Properties

Phone:506-267-0080-5

linda@coldwellbankercr.com

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